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Forty-four percent of iPhone owners are expected to buy the new iPhone, according to a survey by SellCell. iPhone sales accounted for 48.6% of AAPL’s net sales in the third quarter (ended June 26, 2021). Also, the sales from its iPhone segment increased 49.8% year-over-year to $39.57 billion in the third quarter. While AAPL is expected to benefit significantly from the forthcoming iPhone 13, some quality iPhone suppliers will also likely benefit. In addition, they could witness a secular demand uptick because the 5G cycle is just getting started.
Against this backdrop, we think it could be wise to scoop up the shares of fundamentally strong iPhone supplier stocks Broadcom Inc. (AVGO), Qorvo, Inc. (QRVO), and LG Display Co ., Ltd. (LPL). They are expected to gain substantially from the sale of the iPhone 13 and other industry tailwinds.
