Moves should cut Apple’s tariff risk

Article Excerpt

APPLE INC. $208 (Nasdaq symbol AAPL; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 4.6 billion; Market cap: $956.8 billion; Price-to-sales ratio: 3.7; Dividend yield: 1.5%; TSINetwork Rating: Average; www.apple.com) is now moving some of its production away from China to other countries in Asia to avoid U.S. tariffs. For example, the company plans to buy more LCD display panels from Tokyo-based Japan Display. Apple is also considering making more its popular AirPods wireless earphones in Vietnam. If initial tests are successful, the company will probably begin regular production there in the next year or so. Apple is still a hold. hold…

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