SAN FRANCISCO ( TheStreet) -- Apple's major product launch on Wednesday could potentially spell good news for the tech giant's partners Qualcomm (QCOM), TriQuint Semiconductor (TQNT), Corning (GLW) and Nuance (NUAN).
True to form, the Cupertino, Calif.-based company is keeping details of its new product close to the vest; but the speculation is that the world will get a look at a new version of Apple's phenomenally successful iPad at San Francisco's Yerba Buena Center on Thursday.
The blogosphere has been rife with rumors about the iPad 3, which could have major implications for, say, chip maker and 4G specialist Qualcomm, as well as Nuance, which reportedly helps Apple provide its Siri voice tool.
Clearly, providing a component for an Apple product can take a company's stock to new levels, particularly if the iPad 3 continues Apple's tablet momentum."As we have said before, our supply chain checks indicate that this iPad refresh will likely be a significant one with beefed up specs including a higher resolution screen, much faster processor, Siri software and 4G LTE wireless," explained Sterne Agee analyst Shaw Wu, in a recent note. "We anticipate Apple will launch the iPad 3 on March 7 and believe Apple will continue to grow faster than the overall computer/tablet markets," added Mike Walkley, an analyst at Canaccord Genuity, also in a note. "iPad 3
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