After (NASDAQ:AMZN) unveiled its new Fire smartphone this week, investors have buzzed with excitement given its potential to boost the online retailer's fortunes. After all, the Fire is not only a slick smartphone, but also serves as a veritable shopping device closely tied into Amazon's ecosystem.

The Fool's Steve Symington says that buying Amazon stock isn't the only way investors can profit from the Fire phone's success. Steve notes that the Fire phone boasts the cover protection of Corning's (NYSE:GLW) Gorilla Glass 3, the processing power of Qualcomm's (NASDAQ:QCOM) Snapdragon 800 series CPUs, and the superior audio afforded by Dolby Laboratories' (NYSE:DLB) Dolby Digital Plus technology.

Of course, the Fire phone won't be officially released until July 25, so it remains to be seen just how many units Amazon can sell. But even in the absence of enormous sales, Steve thinks the inclusion of products from Corning, Qualcomm, and Dolby in Amazon's Fire phone should still be a net positive for each company. To hear Steve's full take, check out the video below.

Steve Symington owns shares of Apple. The Motley Fool recommends, Apple, Corning, and Dolby Laboratories. The Motley Fool owns shares of, Apple, Corning, and Qualcomm. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.