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Barchart
Barchart
Aditya Raghunath

Is This Outperforming Apple Supplier a Buy for Its 3% Yield?

Apple (AAPL) is among the largest companies in the world, valued at a market cap of roughly $2.8 trillion. Over the years, it has launched several industry-leading consumer tech devices, such as the iPhone, MacBook, iPad, Apple Watch, and AirPods. In order to assemble and manufacture these devices, Apple needs to source a wide range of raw materials from multiple suppliers.

One key Apple supplier is Corning (GLW), a company valued at $29 billion by market cap. In the last decade, Corning stock has returned 112.6% to shareholders, after adjusting for dividends. Comparatively, the S&P 500 Index ($SPX) has returned 230% in the past decade. 

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