Monday 11 September 2017

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

Apple iPhone 8 and iPhone 7S

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.

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