These 4 Stocks Are Tied to the Smartphone in Your Pocket
Which of these four businesses is still earning more money from your phone?
Four companies—Apple, Qualcomm, Corning, and Arm Holdings—are financially tied to the smartphone market. Apple manufactures the phones, Qualcomm provides chips and patents, Corning supplies the glass for the screens, and Arm designs the chipsets used in most smartphones. However, their recent quarterly reports show varying results.
Apple's iPhone revenue grew by 17% year-over-year in the September quarter, while Qualcomm's handset chip revenue fell by 26%. Both Corning and Arm cited the softer smartphone market as hurting their performance. The common factor affecting all four companies is the rising cost of memory chips. Apple's iPhone sales were approximately $254 billion for fiscal 2026, accounting for 53% of the company's revenue.
Meanwhile, Qualcomm's handset chip revenue declined by 26% to around $5.1 billion in the fiscal fourth quarter, down from a 3% increase in fiscal Q1. Corning and Arm both noted that the declining smartphone market negatively impacted their results. Despite this, Apple generates the majority of its revenue from the iPhone, with $57.6 billion in the fiscal fourth quarter.
Qualcomm's phone business is declining, with a 26% drop in handset chip revenue. Corning relies on iPhone glass for a significant portion of its revenue, while Arm's royalty revenue from smartphone processors declined slightly in the September quarter. Of the four, only Apple reported growing phone sales in the latest quarter.
Written by urgent.news from Motley Fool's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
