Apple (NASDAQ:AAPL) CEO Tim Cook is going to go on stage on Oct. 4 and finally, after nearly a year of anticipation, announce the iPhone 5. He also likely will announce the iPhone 4S, a smaller, cheaper version of the current best-selling model of smartphone sold by the Cupertino, Calif.-based company.
Consumers already rabid for the company’s portable devices will have even more to celebrate as their lust for the latest and greatest device finally will be sated. And Apple shareholders have already seen the stock hit an all-time high in September. The iPhone 5 should push shares even closer to that vaunted $500 price point.
The iPhone 5 release also brings good news for telecoms Verizon (NYSE:VZ), AT&T (NYSE:T) and even Sprint (NYSE:S), while retailers like Best Buy (NYSE:BBY), Wal-Mart (NYSE:WMT) and Target (NYSE:TGT) bask in the glow of fresh sales. But these aren’t the only publicly traded companies that stand to benefit from the new iPhone’s release.
Here are five stocks that can expect a boom when the iPhone 5 hits shelves: