Apple is looking to cut the cords with its charging mechanism, the Lightning connector, as reports indicate that the iPhone maker plans to implement wireless charging on its smartphones. This could keep ETFs with the heaviest weightings of Apple on investors’ radars.

“Apple could ditch the Lightning connector on the highest-end versions of the iPhone in 2021, meaning the devices will require wireless charging, according to a report on Thursday from Ming-Chi Kuo, an analyst at TF Securities,” a CNBC report said. “The removal of the Lightning cable, along with other differentiating updates, will boost shipment and the average selling price (ASP) of the top iPhone models, Kuo wrote. Without the connector, the top tier iPhone would provide a ‘completely wireless experience,’ Kuo said.”

The news comes as the iPhone maker pair the most popular smartphone with the upcoming 5G wireless technology. According to global investment firm JP Morgan, the iPhone maker is expected to release 5G versions of the smartphone in 2020.

Will Apple’s move in 2021 spearhead a wave of other smartphone manufacturers to scramble and implement wireless charging as soon as possible? Here are three funds to consider with the heaviest weighting of Apple stock:

  1. Technology Select Sector SPDR ETF (NYSEArca: XLK): tries to reflect the performance of the Technology Select Sector Index, which is comprised of technology and telecom sector of the S&P 500. The ETF includes companies from technology hardware, storage, and peripherals; software; diversified telecommunication services; communications equipment; semiconductors and semiconductor equipment; internet software and services; IT services; electronic equipment, instruments and components; and wireless telecommunication services.
  2. iShares U.S. Technology ETF (NYSEArca: IYW): reflects the performance of the Dow Jones U.S. Information Technology Index, which includes all tech sector picks in the Dow Jones U.S. Index. Due to the Dow Jones’ classification of information tech names, healthcare technology stocks may be included while payment technology stocks are excluded.
  3. Fidelity MSCI Information Technology Index ETF (FTEC): tries to reflect the performance of the Nasdaq-100 Technology Sector Index, which consists of companies in the Nasdaq-100 Index classified as technology according to the Industry Classification Benchmark. QTEC currently holds 34 components and more-or-less equally weights its holdings.
  4. Vanguard Information Technology ETF (NYSEArca: VGT): tries to reflect the performance of the MSCI US IMI Information Technology 25/50 Index, which includes information technology stocks in the MSCI US IMI 25/50.

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