Though the shares of Apple Inc. (AAPL) itself are the most closely watched by the market, recent events have shown that the computer giant’s partners may present additional investment opportunities for investors interested in the Cupertino firm.
As discussed earlier, GT Advanced Technologies (GTAT) has posted solid share value increases of more than 30 percent in the past week, since Apple began pushing ahead rapidly with its Mesa, Arizona sapphire glass plant, which GT is to operate. First Solar (FSLR), one of the firms building new renewable energy capacity for the plant, has also posted notable gains on the stock market.
Looking beyond these most recent events, it is clear that partnership with Apple Inc. (AAPL) can make some company’s stocks grow far faster in worth than the technology firm’s. They are also less subject to the jittery, schizophrenic over corrections which trouble the high profile stock.
Similarly, following a pact between GN Resound and Apple Inc. (AAPL) to produce iPhone compatible hearing aids, the Danish parent company of GN Resound, GN Store Nord A/S (GN.CO) has had consistently higher share values. Prior to the agreement, GN Store Nord did not post any share prices higher than 125 KRR (Danish krone), and most were much less. Since the announcement of the Apple deal, there have been no closes lower than 125 KRR, and most have been closer to the 52-week high of 135.10 KRR.
Though most American investors would not purchase either GN Store Nord shares nor those of Imagination Technologies, these cases serve to illustrate the broader trend that partner companies tend to post large gains following an agreement with Apple Inc. (AAPL), and continue to be good investments even when Apple’s stock falters.
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