Apple Inc.’s new lineup of iPhones linked to the 5G network reportedly will be a boost to chip makers like Broadcom and NXP Semiconductors.

Apple on Tuesday launched its next-generation iPhone 12, with faster 5G connectivity that the California company hopes will spur consumers to trade in their old phones and keep its sales booming through the end of the year.

The core of the line-up, the iPhone 12 with a 6.1-inch display, will sell for $799, while a 'Mini' version with a 5.4-inch screen will be slightly cheaper at $699. A 'Pro' version with three cameras and a new 3-D 'lidar' sensor starts at $999, with the largest 'Pro Max' starting at $1,099 and going up to $1,399.

Broadcom didn’t expect Apple to put all four of its new phones on the 5G network, said Truist analyst William Smith. The fact that it did was “a positive surprise” relative to what was expected and Broadcom’s own recent commentary, Smith wrote in a note Thursday, Barron’s reported.

Smith has a Buy rating on Broadcom, with a price target of $411. He also rates NXP at Buy, with a target of $161.

Shares of Broadcom (AVGO) are up about 20% this year, while NXP (NXPI) is up 7.6%.

Broadcom closed at $379.93, down 0.1%, on Thursday. NXP fell 0.2% to $136.87.

The new products will test whether Apple can ride a wave of consumer excitement around 5G wireless data networks, whose speediest variants outstrip their predecessors' data rates multiple times over, Reuters reported.

But whether iPhone buyers see a dramatic speed boost will depend heavily on where they are and which carrier they use - what Bob O'Donnell, head of TECHnalysis Research, called "lots of little niggly details that get in the way of delivering on the promise of 5G."