Apple Wonderlust Event Puts iPhone 15 Suppliers, Competitors In Spotlight: 8 Stocks To Watch
Portfolio Pulse from Chris Katje
Apple Inc is hosting a major event called Wonderlust to showcase its next product cycle, including the new iPhone 15 and Apple Watch. This event could impact the stocks of its suppliers and competitors, including Sony, Qualcomm, Skyworks Solutions, Taiwan Semiconductor Manufacturing, Qorvo, Broadcom, Samsung Electronics, and Fossil Group.
September 12, 2023 | 4:47 pm
News sentiment analysis
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NEGATIVE IMPACT
Fossil Group could see shares under pressure if new Apple Watch price points are well received.
If the new Apple Watch is well received, it could negatively impact Fossil Group, a competitor in the smartwatch market.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Samsung, a competitor and supplier to Apple, could see its share price impacted by the event.
As a competitor, any positive news for Apple could negatively impact Samsung. As a supplier, any changes in Apple's product strategy could also impact Samsung's stock.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Skyworks Solutions, a chip supplier for Apple, could face negative impact if Apple shows more in-house chip development.
If Apple shows more in-house chip development, it could negatively impact Skyworks Solutions, which relies heavily on revenue from Apple.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 70
NEGATIVE IMPACT
Taiwan Semiconductor, a key supplier to Apple, could see its share price under pressure during and after the event.
As a key supplier to Apple, any changes in Apple's product strategy could impact Taiwan Semiconductor's stock.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Apple's Wonderlust event is expected to showcase the new iPhone 15 and Apple Watch, which could impact its stock.
The event is a major product launch for Apple, which could drive investor interest and potentially impact its stock price.
CONFIDENCE 90
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
Broadcom, which has a multiyear, multibillion-dollar agreement with Apple, could see its stock impacted by the event.
Broadcom's agreement with Apple to develop 5G RF components could boost investor confidence, potentially driving its stock price up.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Qualcomm's stock jumped after signing a deal to supply the Snapdragon 5G Modem-RF Systems for upcoming iPhones.
The deal with Apple could boost investor confidence in Qualcomm, potentially driving its stock price up.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Qorvo, a supplier for iPhones and Apple Watches, could see its shares in the spotlight during the event.
As a supplier for Apple's products, Qorvo's stock could be positively impacted by the event.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Sony, a key supplier for Apple, could be put into the spotlight due to the focus on the iPhone 15's camera.
As a key supplier for Apple's camera technology, Sony's stock could be positively impacted by the event.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80