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JBL - Are Brighter Days Ahead for this Top Apple Supplier?
Jabil Inc.
Jabil(NYSE: JBL) manufactures products for myriad sectors, but its top customer is Apple(NASDAQ: AAPL), which accounted for 22% of its sales last year. Most of that revenue came from casings for iPhones and iPads.
Jabil pulled its full-year outlook back in March due to the COVID-19 crisis, but its recent third-quarter report offered more clarity into its future ahead of Apple's next wave of iPhone launches.