Beyond Apple: The New iPhone Could Move These Stocks

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Every gadget aficionado and his sister knows that Wednesday marks the unveiling of Apple's
AAPL
iPhone 5. It is also not a stretch to say that nearly anyone that pays even casual attention to the financial markets knows about Apple, the heavy hand the $619 billion company has in steering U.S. equities and the ability of the company's new product announcements to move other stocks. Yes, product announcements
play a pivotal role
in setting the course for Apple's stock, but carriers, competitors and suppliers represent other avenues for investors looking to get Apple exposure without shelling out $660 a share. The following stocks could benefit both in the near-term and over the long haul if the iPhone 5 is the smash hit investors are expecting it to be. In no particular order...
Qualcomm QCOM
Qualcomm is reportedly the maker of the
28-nanometer 4G LTE chip that will be featured in the new iPhone
. Earlier this year, analyst Gene Munster speculated Qualcomm was experiencing supply issues in production of that chip and that those issues caused a delay in the new phone's debut date. The 4G LTE upgrade is viewed as vital toward enticing shoppers to swap out their old phones of the new iPhone 5 and it appears that Qualcomm has been able to produce enough ships for the iPhone 5 launch. Apple could ship as many as 48 million to 53 million iPhone in the fourth quarter, followed by 266 million for all of 2013,
CNET reported
, citing Morgan Stanley analyst Katy Huberty. If those numbers prove accurate or are exceeded, Qualcomm could surge. Qualcomm was trading around $55 when the iPhone 4S debuted in mid-October 2011. Six months later, the shares were trading over $68.
Broadcom BRCM
In June it was reported that a new version of Broadcom's BCM4430 processor
was found in an iPhone 5 prototype
. That is not exactly earth-shattering news considering is found in the third generation iPad and the iPhone 4S, but it is enough to consider Broadcom a backdoor play on the success of the iPhone 5. There is a cautionary tale, though. Broadcom was trading around $37 when the iPhone 4S was launched, but fell below $30 by early January 2012. The shares closed around $35.60 on Tuesday, so there are no guarantees a new iPhone will lift Broadcom's stock price.
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Analog Devices ADI
Thousands of words analysis is not need regarding Analog Devices and the iPhone. The company gets $1 to $2 per iPhone 5 for the phones microphone and perhaps another device,
according to Forbes
. Analog Devices should reap $20 million to $40 million in revenue from the iPhone 5 assuming Apple sells 20 million units per quarter over the next few quarters, Forbes reported.
China Mobile CHL
China Mobile is a valid long-term play on the success of the new iPhone if for no other reason than that the company represents more than one-third of the potential addressable Apple iPhone 5 market in Asia,
Barron's reported, citing a report from HSBC
. HSBC said in the report that China Mobile continues to trade at a discount to its peers on the basis that its 3G TD-SCDMA and 4G TD-LTE technology is inferior and that the new iPhone could rectify that scenario. The good news for long-term investors is that they will be compensated for waiting for the iPhone 5 to have a tangible impact on shares of China Mobile. The company's U.S.-listed shares yield 3.6 percent.
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