EXCLUSIVE OFFER: Jim Cramer’s Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he’s trading today with a 14-day FREE pass.Apple could indirectly impact the valuation for Qualcomm. Citi recently downgraded some of the Apple suppliers, but Qualcomm is well-positioned for the continued growth in smartphones. Demand may eventually reach saturation in North America, but so far there is no evidence that this is happening. Demand in China, Europe, and the developing nations will ensure upside for Qualcomm.