Apple and Qualcomm Face Mixed Fortunes

On July 29, 2026, Apple and Qualcomm reported contrasting business developments. Qualcomm forecast weak quarterly profit and posted shrinking sales, partly due to Apple's expected revenue drop, but also won a chip supply deal with BMW. Apple is set for its strongest June-quarter sales growth in five years, and introduced a new iPhone leasing program in the US. However, Apple Pay expanded to Tajikistan, and Mac Mini supply remains constrained.