That's not to suggest that rival chip makers Nvidia ( NVDA) and Broadcom ( BRCM) are going to cede the market. And Intel has also been making some progress in mobile.
After the Netflix blowout quarter, tech has a high bar to hurdle.
Like Qualcomm's disputes with regulators, the company's legal battle with Apple is complex and could take time to unfold. That could pave the way for a stronger Apple-Intel partnership.