With Apple’s stock closing out at an all time high of $702.10 today in the stock market, several analysts have speculated on the future increases in mobile stock values. Since the day before the announcement of the sixth generation iPhone on September 11th, Apple’s stock has risen 6%. This phone is not even set to hit stores until Friday, and the demand is already superseding the supply based on pre-orders alone.Investors are trading based on the demand for 2 million phones last week in pre-orders and analysts’ projections for future sales. This year alone Apple stock has increased by 73%, however this is not the only stock that will increase with the release of new devices.
Companies that develop mobile applications and carriers that provide cellular service are also in the running for increased stocks. Cantor Fitgerald analyst Dale Pfau stated:
If iPhone 5 shipments are stronger than anyone expects, you’ll certainly see Apple’s stock go up and all of the component suppliers go up.
Some forecasts for the iPhone 5 have projected more than 50 million iPhones will sell in the fourth quarter of 2012, and possibly 250 million over the life of the iPhone 5. It is still a mystery as to whose hardware found a home within the iPhone 5, but there are a few companies to keep an eye out for until we get an inside look at the new device.
According to Nomura Equity Research, Apple’s iPhone 5, the upcoming iPad mini, and other devices will aid in the profits for component manufacturers. Some of the components and manufacturers in the previous generation iPhone 4S such as Qualcomm, Broadcom, and Samsung are said to be in the iPhone 5.
A few other companies to keep an eye on are TriQuint Semiconductor, Skyworks Solutions, and RF Micro Devices. These stocks may see an increase as well upon the revealing of the inner workings of the iPhone 5.