$QCOM | Bernstein SocGen Group ๐ฟ๐ฒ๐ถ๐๐ฒ๐ฟ๐ฎ๐๐ฒ๐ ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐ฃ๐ฒ๐ฟ๐ณ๐ผ๐ฟ๐บ on ๐ค๐๐ฎ๐น๐ฐ๐ผ๐บ๐บ, PT $๐ญ๐ฒ๐ฑ
Analyst sees the Apple licensing renewal as welcome for now, with royalties already broadly incorporated into estimates.