It’s an Apple economy! Not only must we own $AAPL, we must own every company that has anything to do with iPads and iPhones. This seems to be the only thing in the American economy that is working!
Qualcomm rides new iPad to new high. ($QCOM)
- Broadcom, Qualcomm, Samsung chips in new iPad.
- As you know, Verizon and AT&T sell the LTE wireless coverage for the iPad and iPhone. What’s that, about $30 a month for 2 gig of data. Heck, you might be able to squeeze in one, or two, HD movies over LTE at that rate. Makes paying for a movie ticket, a large tub of popcorn, and a large diet Dr. Pepper seem like a bargain! ($VZ, $T).
- Triquint, Avago, Cirrus, and Skyworks are in the game, too. And Texas Instruments and Farchield. ($TQNT, $AVGO, $CRUS, $SWKS, $TXN, $FCS).
- In addition, now dividend growth and income investors don’t need anything but $AAPL as Apple has declared a quarterly dividend! Apple said Monday that it will pay a quarterly dividend of $2.65 per share, starting in its fiscal fourth quarter, which begins July 1.
