10 Stocks Poised to Rise in Apple's Wake
Apple, the maker of the iPad tablet, MacBook laptops and iPhone smartphone, late Tuesday reported a 94% jump in earnings to $11.6 billion and a 59% increase in revenue to $39 billion for the first three months of the year, well above analysts' estimates.
Leading Apple's bandwagon in the period was the sale of 35 million iPhones, accounting for about half of its revenue in the quarter.
Apple's share price closed at $610 Wednesday, up 9% on the day, which has to have investors thinking about what else will ride along on its coattails.
Obviously, its suppliers, various chip and interface components makers, such as Broadcom(BRCM) and Qualcomm(QCOM) , will benefit, along with a handful of others on the prospect that they will see a flood of new orders.