Four Stocks for Apple's Secret Project
Apple is working on a revolutionary product that will be revealed in the next eight months. Which stocks could benefit from this top-secret creation?
Whether it's a new TV, a new kind of MacBook, or something the world has never seen before, there are a multitude of companies that could benefit.
AMD (NYSE: AMD)
If the rumored (possibly confirmed?) secret project turns out to be the long-awaited Apple-designed and manufactured television set, one producer of graphic chips could see a bump. It might be NVIDIA (NASDAQ: NVDA), a company that has produced graphics cards for many desktop PCs, laptops, and even game consoles. But AMD -- the company Apple currently uses to power Mac and MacBook graphics -- is much more likely to receive the iPad maker's business.
AMD could benefit from Apple's secret project even if it's not a television set since new MacBooks (whether in the Air or Pro variety) are likely to continue using AMD graphics.
Intel (NASDAQ: INTC)
Intel is another shoo-in for Apple success. The Mac maker is going to need an extremely powerful processor to handle its television set, and who better than Intel -- a company that, like AMD, Apple is already working with -- to power the entertainment device?
Qualcomm (NASDAQ: QCOM)
These days, Qualcomm's technology seems to have found its way into every mobile device available. If Apple unveils a new TV in eight months, Qualcomm might not experience any of the fun. But if Apple's next major product is portable, there's a good chance that Qualcomm will benefit.
Nuance Communications (NASDAQ: NUAN)
While the use of Nuance's technology in Apple products remains somewhat of a mystery, the company definitely has a partnership with Apple. And if the rumors are true -- if Siri makes its way into Apple's television -- then you can be sure that Nuance will continue to thrive.
Further, let's consider how well the iPhone 4S sold on Siri hype. With that in mind, it's safe to assume that an upgraded version of Siri will be a part of the iPhone 5.
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