I own apple stock, but the one right now I’m really happy to own is Marvell (MRVL). Apple has been secretive about what external companies supplied what components to the Iphone and people had to wait to get one before taking off the cover and seeing what was inside.
Appears MRVL is supplying the wi-fi chip and possibly other chips in the phone. This stock was battered over the past year due to options backdating investigations, but resolution to these issues have been completed with the SEC the past month, and next month they will be releasing their updated financial statements to finish compliance requirements with the Nasdaq.
All that aside, I have been buying up large chunks of this stock at its lower prices recently on word that its chips would be in the Iphone. They make some of the best chips in the business. The stock jumped $1 on friday and analysts have now said this deal with Iphone could raise profits by 7% or higher for the year.
Anyway, the thing I’m getting about to in all this is, its not just Apple, but AT&T and those that are parts suppliers for the Iphone are going to completely clear house the next couple years with sales of this device.
Over 1 million Iphones have been pre-ordered by paying customers, and sales in the first year could be anywhere from 7 to 10 million.
AT&T will clear up on all those subs. 10 million phone users x average of $75 per month cellphone charge. (I saw three planes for Iphone for between 50 and 100 a month.)
And then the parts suppliers like Marvell.....
You want a great play on investing the next year and more. Get a list of all the parts suppliers to the Iphone, and invest in them. Boo-yahh!!!
“Over 1 million Iphones have been pre-ordered by paying customers, “
Huh ? Just where were they pre-ordered from ?
From what I’ve read, you couldn’t do it online or in the stores.