Stocks to Watch as Sales of New Apple iPhones Soar

Stocks to Watch as Sales of New Apple iPhones Soar

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Demand for the iPhone 5S is breaking records. There may not be an iPhone ETF, but what stocks can you consider?

The latest Apple (AAPLiPhones – the 5S and its cheaper relative 5C – were announced on September 10 and initially, Wall Street analysts and Apple fanboys were unimpressed by the new smartphones. Doubts loomed over whether the new 5S would be advanced enough for its price tag, and if the 5C would be the cheap alternative Apple needs to regain lost ground in the smartphone market.

Friday morning seemed to tell a different story as lines outside Apple stores stretched around street corners, with overnight campers anticipating the release. Monday morning looked to prove analysts wrong entirely.

In a statement, Apple announced that it sold 9 million smartphones over the weekend and it has bumped up its revenue guidance. Stores sold out, more shipments are on their way, and Apple’s stock surged on Monday’s opening bell.

Click on the image below to see data over time. Sourced from Zacks Investment Research.​

With so many phones being sold, and future demand looking healthy, some of the suppliers of Apple components may be promising investment opportunities, flying happily under the radar as Apple enjoys the hype.

TriQuint Semiconductor (TQNT) has a solid relationship with Apple and is providing a vital chip on the new phones. Strong ties to such an important product plus shares trading under $10 makes TriQuint an interesting and accessible stock for investor to consider.

Click on the image below to see data over time. Sourced from Zacks Investment Research.​

Broadcomm Corp. (BRCM), Avago Technologies (AVGO), and Skyworks Solutions (SWKS) each make key parts for the new iPhones and can all reap some great movement depending on how sales of the iPhone continue. Broadcomm closed at just above a recent 52-week low, while Avago and Skyworks were both up on Monday's close.

Click on the image below to compare data over time. Sourced from Zacks Investment Research.​

Corning Inc. (GLW) has been working with Apple since the former’s Gorilla Glass was used on iPhones in 2007. Recent rumors suggest that Apple could be looking to include a sapphire-based screen on it’s future iPhone, which could upset the six-year relationship.

A potential new Apple partner could be GT Advanced Technologies (GTAT), which is the largest supplier of sapphire-based equipment. The company has reportedly received orders from a Tier 1 company requesting about 500 of its furnaces to be used in the first half of 2014.

Click on the image below to compare data over time. Sourced from Zacks Investment Research.​

For now, Apple and its related suppliers seem to be making investors happy, but the future depends on innovation and growth. Changes to the markets can come as quickly as technology advances so, it’s important to keep an eye on the news and product updates.

Although an iPhone ETF doesn't exist yet, we decided to create a list with these companies, as they are just a few of the names that might be worth considering whenever a new Apple product is announced. Use the list below to begin your own analysis. 

1. Apple Inc. (AAPL, Earnings, Analysts, Financials): Designs, manufactures, and markets personal computers, mobile and media devices, and portable music players, and sells related software, services, and third-party digital content and applications. Market cap at $429.37B, most recent closing price at $467.41.  


2. TriQuint Semiconductor, Inc. (TQNT, Earnings, Analysts, Financials): Supplies modules, components, and foundry services to communications companies worldwide. Market cap at $1.3B, most recent closing price at $8.14.  


3. Broadcom Corp. (BRCM, Earnings, Analysts, Financials): Designs and develops semiconductors for wired and wireless communications. Market cap at $15.8B, most recent closing price at $27.34.  


4. Avago Technologies Limited (AVGO, Earnings, Analysts, Financials): Engages in the design, development, and supply of analog semiconductor devices worldwide. Market cap at $10.32B, most recent closing price at $41.62.  


5. Skyworks Solutions Inc. (SWKS, Earnings, Analysts, Financials): Offers analog and mixed signal semiconductors worldwide. Market cap at $4.78B, most recent closing price at $25.59.  



6. Corning Inc. (GLW, Earnings, Analysts, Financials): Manufactures and processes specialty glass and ceramics products worldwide. Market cap at $21.55B, most recent closing price at $14.67.  



7. GT Advanced Technologies Inc. (GTAT, Earnings, Analysts, Financials): Provides polysilicon production technology and multicrystalline ingot growth systems, and related photovoltaic (PV) manufacturing services for the solar industry worldwide. Market cap at $990.35M, most recent closing price at $8.22.  


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(List compiled by Antonio Alfonso. All data sourced from Finviz.)

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One Response to “Stocks to Watch as Sales of New Apple iPhones Soar”

  1. casemachine says:

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