It’s the moment we’ve all been waiting for; the grand reveal of the new iPhone 8. Apple’s (AAPL) flagship product is being hyped to almost unprecedented levels, meaning a lot will be riding on Tim Cook at tomorrow’s presentation.
When the iPhone 8 actually goes on sale, we’ll find out who’s in and who’s out as far as chipmakers go, with teardowns revealing which suppliers have a significant portion of the handset’s brains. A supercycle in iPhone sales, which many analysts are expecting, will likely boost chip stocks too as a result.
With Apple sourcing many of its components to various blue chip companies, the tech giant won’t be the only stock to watch. Companies such as Texas Instruments (TXN) could stand to be big winners too, depending on the specifications of the new device. Investors Business Daily has compiled a list of five stocks that can potentially net traders and investors a good amount of money depending on who finds themselves involved in Apple’s project.
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