Apple Stock Grows by 27.15% NICE BITE, Huh?

Apple (AAPL) 2017 Shareholders Meet: Important Takeaways

by Zacks Equity Research   Published on March 01, 2017

At the annual shareholders' meet held at Cupertino yesterday, Apple Inc. (AAPL - Free Report) CEO Tim Cook, reportedly,  said that the company has spent over $50 billion with suppliers toward manufacturing in the U.S.

Source: Zack's Stock News

Per media reports, Cook further added that Apple has created around 2 million jobs in the country including manufacturing jobs. It has collaborated with 3M, a Minnesota-based manufacturer for supplying adhesives and has Corning Incorporated (GLW - Free Report) to supply glass screen for iPhones.
Cook was quoted by media reports saying "We're always looking for more ways to help our country. We know that Apple can only exist in the U.S.” Cook said that nearly 70% its workforce is in the U.S.In fact, to alleviate Apple’s concern of increased prices of finished products, Trump told Cook that he will provide tech companies huge tax cuts. Cook added that the lowering of tax will aid repatriation of cash, which in turn will be used to boost capital allocation plans.

In January this year, it was reported that one of Apple’s biggest suppliers, Foxconn Technology Group is thinking of setting up a manufacturing plant in the United States. Though the exact details aren’t available, Foxconn is interested in investing over $7 billion in setting up such facilities in the U.S. Prior to that, media reports claimed that Apple has requested the government to allow it to use its Mesa, AZ facility to conduct "high-tech manufacturing".
Apart from manufacturing details, Cook, reportedly, assured investors that the company is working on developing products that will open new sources of revenues. No details were provided as to what the company is working on.

However, it’s widely known that Apple is channeling efforts and resources toward its automotive and AR ambitions.

Apple Inc. Price

Zacks Rank & Share Price Movement

At present, Apple carries a Zacks Rank #3 (Hold).
Given the phenomenal performance of its iPhone 7 and 7 Plus, Apple’s shares have outperformed the broader market over the last six months.

Over the past one year, shares of Apple have registered growth of 27.15%, compared with the Zacks Computer Mini industry’s gain of 26.48%