Here's How the iPhone 13 Could Make You Richer

Apple's (NASDAQ: AAPL) iPhone 13 lineup has got off to a great start. Preorders for the iPhone 13 series have reportedly been stronger than that of the iPhone 12, which is probably the reason Apple has been ramping up production.

According to a post on MacRumors.com, Apple is reportedly reducing the production of older iPhone models in a bid to increase the output of the iPhone 13 lineup and reduce the wait times customers are currently facing. All of this bodes well for Skyworks Solutions (NASDAQ: SWKS) and Cirrus Logic (NASDAQ: CRUS), two component suppliers whose chips can be found inside the new iPhones. iPhone success could mean rising stock prices for both of these suppliers.

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Source Fool.com