"Any upward adjustments made to volumes and forecasts
Semiconductor companies Qualcomm (QCOM), Cirrus Logic (CRUS) and Broadcom (BRCM) are among those likeliest to benefit from strong sales of Apple's new smartphones, Wedge Partners analyst Brian Blair said in a research note Thursday.
"Any upward adjustments made to volumes and forecasts will positively impact the stocks of a number of key Apple suppliers, several of which have been dormant and have largely underperformed their peers year to date,"
Investor focus should be foremost on Qualcomm, he said: "A strong (calendar year) Q3 and indications of solid demand for the iPhones and smartphones generally will raise numbers for the company's Q4."
Shipment volumes for the new iPhone should act as a catalyst for audio chipmaker Cirrus Logic, which has been on the upswing for the last month, he noted.
Communications chipmaker Broadcom has seen its stock battered in the past four weeks. But strong iPhone sales in late 2013 could provide a much needed lift.
"Broadcom has had a cloud over it for much of the year, down 25% year to date and seeing some softness in its mobile and wireless segment" for the first half of 2013, Blair wrote. "While we remain cautious on the company, we believe that any raise in forecast for iPhone units would lead to upside for Broadcom in CYQ4 and would be a catalyst for the name."
Other Apple suppliers include Avago Technologies (AVGO), Skyworks Solutions (SWKS) and RF Micro Devices (RFMD).
Apple is widely expected to unveil a flagship handset, the iPhone 5S, along with a midrange smartphone, the iPhone 5C, at a press event next month. Apple has yet to formally announce the event.