Shares of the company were down more than 4% in extended trading on Wednesday, ‌while Apple shares were flat. Qualcomm said supply constraints would reduce its share of components used in the next iPhone launch to well below its earlier estimate of 20%. "We're just passing through big cost increases that we have," Amon said, noting that Qualcomm will have to negotiate with each customer. DATA CENTER PIVOTFor fiscal 2027, the ⁠company expects the majority of its chip sales will come from categories other than smartphones. "We kind of replaced Apple with the data center," Amon said.