5 iPhone Suppliers That Could Benefit From Apple's Solid Q3

Apple Inc. AAPL reported solid third-quarter earnings, which bodes well for a handful of companies that supply components to the iPhone maker, according to KeyBanc Capital Markets.

The Analyst

KeyBanc's John Vinh reviewed Apple's supply chain channel in a research report.

The Thesis

Apple's Q3 print signals stabilized iPhone demand ahead of expectations for a ramp of a new device later this year, Vinh said in a note. (See his track record here.)

This bodes well for five supply chain companies, the analyst said.

Broadcom Inc AVGO: Apple's solid iPhone shipment and lean inventory guidance are positive for Broadcom after the stock's "overreaction" in response to its acquisition of CA Technologies.
Cirrus Logic, Inc. CRUS: Apple's report bodes well for Cirrus Logic's outlook, but limited content gains in the new iPhone imply minimal catalysts ahead for the stock.
Qorvo Inc QRVO: Qorvo could see content gains in the new iPhone related to the super PAD, along with gains among Chinese smartphone OEMs.
Skyworks Solutions Inc SWKS: Skyworks could see a 25-30-percent content gain in the new iPhone, which should offset any losses among Chinese smartphone OEMs.
Synaptics, Incorporated SYNA: Synaptics faces a longer-term growth opportunity given the ramp of CoF display drivers in a new LCD iPhone.