Beyond Apple: The New iPhone Could Move These Stocks

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 rolein 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. 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.