November 16, 2023
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2:00Now PlayingApple Inc. has fallen further behind in its multibillion-dollar effort to make a modem chip for the iPhone, stymied by the complexity of replacing an intricate Qualcomm Inc. component. Apple was hoping to ship the component by the spring of 2025. JoAnne Feeney of Advisors Capital Management discusses this new development on "Bloomberg Markets: The Close."
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