KUALA LUMPUR, Sept 8 (Bernama) -- Bursa Malaysia closed almost flat on Tuesday as buying interest rotated away from index heavyweights towards smaller-cap construction stocks, with sentiment affected by geopolitical uncertainty, said an analyst. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 0.39 of a point to 1,714.40 from Monday’s close of 1,714.79. The benchmark index opened 1.65 points lower at 1,713.14 and moved between 1,710.44 and 1,714.50 throughout the trading session. The broader market was almost evenly balanced, with decliners leading gainers 548 to 546, while 598 counters were unchanged, 1,107 were untraded and 25 were suspended. Turnover expanded to 4.13 billion units valued at RM3.14 billion from 3.60 billion units valued at RM2.45 billion on Monday.
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...