Apple's iPhone 8 launch: 7 stocks to watch out for today

Apple Inc will unveil new iPhones today at its Apple Park 'spaceship' campus


When Apple Inc unveils new iPhones on Tuesday at its Apple Park “spaceship” campus, there may be important clues for the watchers of seven semiconductor stocks.
Apple exerts a sun-like gravitational pull on the global electronics supply chain, affecting the pricing of commodities like flash memory chips - it consumes 18 percent of global supply. The iPhone maker can make or break small, specialty chip suppliers.
The final tally of semiconductor winners and losers will not be known until the devices ship and analysts rip them apart to examine the circuit boards. That will give insight into matters like the continued battle between Intel Corp and Qualcomm Inc to supply so-called modem chips for mobile data.
Even the limited technical information Apple gives on stage tomorrow could shed light on how several other companies are faring. Here are seven stocks to watch during today’s launch.
LUMENTUM
Lumentum Holdings Inc makes what are instead known as vertical-cavity surface-emitting lasers, or VCSELs for short. These are a key component of 3D sensors that could power some of the expected features of the new flagship iPhone, such as the ability to unlock the phone through 3D facial recognition.
The company said it has received $200 million in orders for these lasers since April. Lumentum says it has multiple customers, but most analysts believe Apple is behind the surge in orders. Read Full Story >>>

Comments

  1. Sadhana s26 August 2020 at 06:16

    Really it’s a wonderful guide with good resources. We also offer some beginners guides in stock market section. Checkout our Stock Investor website for more latest stock market update.
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