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Qualcomm Stock Forecast (NASDAQ: QCOM): Xiaomi Is Boosting Adoption of Qualcomm’s Flagship Smartphone Processors

The article was written by Motek Moyen Research Seeking Alpha’s #1 Writer on Long Ideas and #2 in Technology – Senior Analyst at I Know First.

Budget phone leader Xiaomi is very important to Qualcomm’s future. Xiaomi is always the early-bird proponent of Qualcomm’s flagship mobile processors.
Xiaomi’s willingness to sell affordable iPhone-like Android phones with flagship Qualcomm Snapdragon processors is why it is now the world’s number 4 vendor.
Xiaomi shipped out 31.9 million smartphones in Q2 2018 – 48.8% higher year-over-year. The recent launch of the $300 Snapdragon 845-powered Pocophone F1 should help Xiaomi maintain this momentum.
Other leading phone vendors like Oppo, Vivo, and Meizu will likely use Snapdragon 845 for their own $300 - $350 Android phones.
The NXP deal is dead. Qualcomm needs to sell more processors and modems. The more companies using Snapdragon 845, the better it is for Qualcomm’s bottomline.