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This Apple Supplier Is Generating Bigger Gains Than Apple

·5 min read
This Apple Supplier Is Generating Bigger Gains Than Apple
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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. 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.