Qualcomm was as important in the mobile phone world five years ago as Intel (ticker: INTC) was in the personal computer world. Now due to multiple factors (including competition from MediaTek, the imminent loss of Apple, the regulation of the US government, etc.), its dominance has declined, but it is still the most important company in the mobile phone industry, and its dominance has only declined, but it has not disappeared or significantly degree of weakening.