Thursday, November 17, 2011

Apple Inc. (NASDAQ:AAPL) Investigating Chinese Suppliers

Apple Inc. (NASDAQ:AAPL) has brought in an external auditor to check the
practices of its component suppliers in China. Apple Inc. (NASDAQ:AAPL)
Investigating Chinese Suppliers According to a Financial Times report, an
outside specialist firm has been selected by smartphone maker giant Apple Inc.
(NASDAQ:AAPL) to check the environmental practices of its component suppliers in
China. Apple Inc. (NASDAQ:AAPL) representatives said that "they met with five
environmental groups and is conducting audits of 11 suppliers with which it had
found fault." The company has faced rising consternation from the public due
to its practices of building its high-margin items in developing countries.
Apple Inc. (NASDAQ:AAPL) shares were at 384.77 at the end of the last days
trading. Theres been a 2.2% change in the stock price over the past 3 months.
Apple Inc. (NASDAQ:AAPL) Analyst Advice Consensus Opinion: Moderate Buy Mean
recommendation: 1.21 (1=Strong Buy, 5=Strong Sell) 3 Months Ago: 1.22 Zacks
Rank: 1 out of 2 in the industry

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