KUALA LUMPUR, Nov 5 (Bernama) -- Bursa Malaysia closed higher, buoyed by Bank Negara Malaysia’s (BNM) decision to maintain the Overnight Policy Rate (OPR) at 2.75 per cent, alongside positive cues from Wall Street. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 19.30 points, or 1.19 per cent, to 1,635.86 from Wednesday’s close of 1,616.56. The benchmark index opened 6.72 points higher at 1,623.28, and fluctuated between an intraday high of 1,642.44 and a low of 1,622.62 during the trading session. However, market breadth was negative, with losers outnumbering gainers 723 to 497, while 466 counters were unchanged, 1,075 untraded and 10 suspended. Turnover rose to 3.74 billion units valued at RM3.61 billion compared with yesterday’s 2.81 billion units valued at RM2.57 billion.
Key Highlights: Three-Year Modem Rollout Plan: First Modem Launch: Apple's in-house modem system will debut in Spring 2025 with the iPhone SE , its entry-level smartphone. Mid-Tier and iPads: Scheduled to appear in mid-tier iPhones (2025) and lower-end iPads. Ambitious Goal: Apple aims to overtake Qualcomm's modem technology by 2027 . Development Journey: Apple invested billions of dollars to set up global testing labs and acquired Intel’s modem group for $1 billion . Challenges: Early prototypes faced issues like being too large, overheating, and lacking power efficiency. Current Limitations of Apple Modem (Sinope): Lacks mmWave 5G technology seen in Qualcomm’s modems, limiting speeds in high-end models. Initial deployment focused on lower-tier devices to mitigate risks of dropped calls or connectivity issues. Implications for Qualcomm: Apple accounts for 20% of Qualcomm’s revenue . Shares of Qualcomm dropped 2%, while component supplier Qorvo saw a 6% decline. Future Pl...