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QUALCOMM, Inc. (QCOM), Corning Incorporated (GLW): Samsung Galaxy S4 Wouldn’t Be Great Without These U.S. Companies

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Samsung’s Galaxy S4 smartphone is all the rage among buyers right now, beating out all of its competitors, including Apple, in terms of sales last month.

Canaccord Genuity released a finding last week that Samsung’s Galaxy S4 had outsold Apple’s iPhone 5 at every major carrier except AT&T. Before Samsung unveiled its flagship smartphone earlier this year, it had been second to Apple at AT&T, Verizon, Sprint and T-Mobile in terms of sales. This news was not a huge surprise, considering Samsung’s latest flagship device has been setting records in the weeks following its release in April. Still, overthrowing Apple from a top ranking is no small feat.

Samsung deserves the credit for being able to increase its market share in the mobile space, however, its products would not have been so wildly popular had it not been for several U.S. suppliers that the Korean company chose to use in building its devices. I highlight two of them here as noteworthy investment plays to consider if you want to ride the wave of Samsung’s success.

QUALCOMM, Inc. (NASDAQ:QCOM)

QUALCOMM, Inc. (NASDAQ:QCOM)

Inside of the Samsung Galaxy S4 is QUALCOMM, Inc. (NASDAQ:QCOM)’s Snapdragon 600 chip. As pointed out by zdnet, “while Samsung is hoping that the Galaxy S4 will bring in the dollars, the real winner seems to be QUALCOMM, Inc. (NASDAQ:QCOM), having scored multiple wins inside the new smartphone.”

In addition to the Galaxy S4 smartphone, QUALCOMM, Inc. (NASDAQ:QCOM) is also thought to be supplying an upcoming smartphone from Samsung. Word got out last week that Samsung will unveil a mini Galaxy S4 later this month that will use the use QUALCOMM, Inc. (NASDAQ:QCOM)’s Snapdragon 400 chips.

Landing such jobs has boded well for QUALCOMM, Inc. (NASDAQ:QCOM), which has in turn worked out well for investors. Qualcomm’s returns to investors are up 7.22% over last year.

Something to pay attention to, however, is the stock’s recent slump. Since mid-May, the chip maker’s stock has been declining and was trading around $62 at the time of writing. This slump may provide an ideal entry point as I see the company rebounding, especially after it releases its next quarterly earnings report on July 24. Those will give us an idea of how the Samsung partnership for the S4 impacted its top and bottom lines.

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