### Comment:
Hardly. It's an open secret that Apple has been working on their own modem chips for years. I wouldn't be surprised if we see iPhones with Apple-made modems by 2021. I'm not saying they will be as good as Qualcomm's, but it would be foolish to bet against Apple's internal silicon chops. Apple's long term goal is to have complete control over all aspects of their hardware.  
  
 For the record, I'm long AAPL and QCOMM. I have 2 horses in this race and I want them both to win.

### REPLY:
Didnt Qualcomm also secure a 5 year deal with Apple though?

### END.