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Will Qualcomm (QCOM) Stock Be Hurt by iPhone 7's Use of Intel Chips?

NEW YORK (TheStreet) -- Qualcomm (QCOM) were edging lower in late-morning trading on Thursday as BMO Capital Markets analysts said the model configurations in Apple's (AAPL) iPhone 7 suggest risk to the company's baseband share.

"While all versions of the iPhone 6S supported CDMA technology, the 7 limits the technology's availability to about half the U.S. models, China and Japan," the firm wrote in an analyst note earlier today.

Apple chose to split the iPhone into models that have CDMA...