Apple (AAPL 0.07%) is likely just months away from taking the wraps off of its expected iWatch. The Mac maker could easily sell tens of millions of units of its smartwatch, which represents a significant opportunity for any component suppliers lucky enough to win a spot. Looking at recent Apple devices, investors can speculate on companies that Apple may tap as vendors. Possible names include NXP Semiconductor (NXPI +3.64%), Universal Display (OLED +2.56%), STMicroelectronics (STM +3.52%), and OMRON Global.
4 Possible Winners of Apple, Inc.'s iWatch
By Evan Niu, CFA – Jul 19, 2014 at 12:30PM
NASDAQ: AAPL
Apple
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There will be many ways to profit on Apple's iWatch. The device could easily sell tens of millions of units, so component players could stand to benefit.
About the Author
Evan is a Senior Technology Analyst at The Motley Fool. He was previously a Senior Trading Specialist at Charles Schwab, and worked briefly at Tesla. Evan graduated from the University of Texas at Austin, and is a CFA charterholder.