The big Apple event is over, now how to trade it

Published Wed, Sep 9 20153:54 PM EDTUpdated Wed, Sep 9 20154:43 PM EDT

The Apple autumn products announcement anchored by the iPhone is the most closely watched event of the year by technology analysts and Wall Street. The iPhone represents 65 percent of the tech giant's revenue and is the largest single technology product line in the world at an estimated $150 billion in annual sales. New Apple products or services have large ramifications for the semiconductor supply chain and the technology competitive landscape, so investors always look for derivative trading opportunities off any details. CNBC Pro reached out to analysts and gathered the best five ideas from Wednesday's event. 1) Buy Adobe : The large 12.9-inch display iPad Pro was announced and demoed at the event with desktop-class applications such as Microsoft Office and Adobe Photoshop Fix showing off the capability of the iPad Pro as a true personal computer replacement. Adobe was out in front as the biggest supporter of the iPad Pro with multiple creative professional applications in development for the device, traders noted. 2) Sell HP : "(iPad Pro) It certainly feels like it could take some significant share from PCs in at least some use cases, especially in the business environment. It could also replace family PCs, since it's much more flexible than most PCs," said Jan Dawson of Jackdaw Research. Read More These battered stocks are China-proof HP is the largest U.S. manufacturer of personal computers and will suffer if the iPad Pro takes enterprise and personal computing market share. 3) Sell SanDisk : Apple is responsible for a fifth of annual revenue for SanDisk, according to FactSet. The lack of an increase in storage size of the entry-level iPhone 6S at 16 gigabytes is a negative for flash memory demand the next 12 months, traders said. 4) Buy Electronic Arts and Activision : The new Apple TV and iPhone 6S bring true console-quality gaming graphics capability to the living room and your pocket. The new A9 chip in the iPhone 6S has 90 percent better graphics performance compared to the previous generation, according to Apple. Disney's "Infinity" and Activision's "Guitar Hero" were announced at the event. Apple TV should benefit the mainline gaming publishers like Electronic Arts and Activision as the market size for the App Store's games expands, traders said. The global iOS and Android gaming market is estimated at $24.1 billion for 2015, growing to $30.3 billion in 2018, according to SuperData before the announcement of the new gaming-capable Apple TV. 5) Buy Apple after this dip: Apple shares, which fell Wednesday after the event ended, have on average since 2007 traded lower 1.6 percent one month after iPhone product events, according to CNBC Pro's analytic tool Kensho. Read More Thrill is gone for GoPro shareholders However Apple does much better a little longer out with an average gain of 15 percent and 36 percent, six and 12 months, respectively, after iPhone announcements. —CNBC's Giovanny Moreano contributed to this story. Disclosure: NBCUniversal, parent of CNBC, is a minority investor in Kensho.

iPhone 6s and 6s Plus

Source: Apple Inc.

The Apple autumn products announcement anchored by the iPhone is the most closely watched event of the year by technology analysts and Wall Street.

The iPhone represents 65 percent of the tech giant's revenue and is the largest single technology product line in the world at an estimated $150 billion in annual sales.

New Apple products or services have large ramifications for the semiconductor supply chain and the technology competitive landscape, so investors always look for derivative trading opportunities off any details.

CNBC Pro reached out to analysts and gathered the best five ideas from Wednesday's event.

1) Buy Adobe:

The large 12.9-inch display iPad Pro was announced and demoed at the event with desktop-class applications such as Microsoft Office and Adobe Photoshop Fix showing off the capability of the iPad Pro as a true personal computer replacement.

Adobe was out in front as the biggest supporter of the iPad Pro with multiple creative professional applications in development for the device, traders noted.