Regardless of which platform comes out on top, Qualcomm, by virtue of its market position and designs, wins.
Here's Making Sense
Still, there are plenty of reasons to love Qualcomm's business, and the stock seems to be cheap at current levels. It trades at 13.39 times projected fiscal 2014 earnings, a point lower than the industry average over the past five years. So I would add shares on any signs of further weakness - at least until growth slows down.Given the company's market position and excellent management team, now is not the time to panic. At the time of publication, the author was long Apple. Follow @saintssense This article was written by an independent contributor, separate from TheStreet's regular news coverage.