Could The New iPhone Lift These Global ETFs?

Apple's

iPhone 5 debuts Wednesday and while Apple is an American company, it is also a global powerhouse. California-based Apple posted fiscal third-quarter revenue of $35 billion with global sales representing

. In fiscal 2011, the iPhone accounted

, making the smartphone the company's most important revenue driver. The iPhone is also Apple's most important way of bolstering its presence in foreign markets and adding exposure to new international frontiers. All eyes will be on Apple's stock and maybe some ETFs such as the PowerShares QQQ

and the iShares Dow Jones US Technology Fund

following the unveiling of the iPhone 5, but these ETFs do offer a way of gaining exposure to Apple's long-term international growth plans.

The iShares MSCI Mexico Investable Market Index Fund makes the list not just because

, but because of the ETF's 22.4 percent allocation to America Movil

. America Movil is Latin America's dominant wireless carrier and smartphone sales and usage are accelerating throughout the region. Smartphone sales accounted for 20 percent of mobile handset sales in Latin America last year and the

. The iPhone is already

. America Movil had 246 million subscribers in 18 countries in the second quarter, making the company the prime beneficiary of Apple's future Latin American growth.

The EGShares Telecom GEMS ETF is not going to win any volume competitions. Average daily turnover of about 860 shares is not going to wow anyone, nor will the fact that the ETF has not traded in almost a week. Perhaps the new iPhone will change that. Maybe it will not. Fact is, TGEM's country composition shows the ETF is intimately levered to the emerging markets smartphone boom. Three of the six fastest-growing iOS and Android markets are

. That trio accounts for 36.6 percent of TGEM's country weight. China Mobile

, the company that HSBC said

is 10.3 percent of TGEM's weight. America Movil is another 9.5 percent.

The iShares FTSE China (HK Listed) Index Fund may appear to be another run-of-the-mill China large-cap ETF, but this fund has utility as an iPhone play. China Telecom

and China Unicom

already support the iPhone 4S and the latter is expected to be selling the new iPhone by the end of this year. Those two stocks combine for four percent of FCHI's weight. The big deal for Apple (and investors) will be if the new iPhone's LTE technology is compatible with China Mobile's network. Technology issues have prevented Apple and China Mobile from partnering to this point and a deal with China Mobile could mean big things for Apple. Literally. China Mobile has 655 million subscribers, triple the number of AT&T

and Verizon

combined,

. For more on ETFs, click

.