AAPL - This Apple Supplier Is Generating Bigger Gains Than Apple
Apple 's (NASDAQ: AAPL) stock has rallied about 50% over the past 12 months, buoyed by robust demand for the iPhone 12 -- its first family of 5G devices -- and the ongoing expansion of its services ecosystem. That rising tide also lifted shares of Apple's suppliers, but many of them still generated lower returns than the iPhone maker.
One notable exception was Jabil (NYSE: JBL) , which manufactures Apple's iPhone and iPad casings. Jabil's stock has rallied roughly 75% over the past 12 months as its business withstood the pandemic and generated accelerating revenue and earnings growth. That rally continued after the company released its recent third-quarter report, which easily beat analysts' expectations and featured rosy guidance for the fourth quarter.
Image source: Apple.
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This Apple Supplier Is Generating Bigger Gains Than Apple