You might love ‘em.
There are millions of people who love Apple, whether it be the iPhone, iPad, Macbook, AirPods, or another product. There are several reasons why people appreciate these products, whether it be the user interfaces, customer experience, the ability for devices to connect with each other, and more.
Investors can put their funds into Apple stock, but there are also other, more indirect ways to invest in the company. To understand what these are, one will find several businesses tied into Apple’s supply chain. Read on to dive in!
Stocks Tied To Apple
Apple has a high amount of reliance on its international ties, but it has several dependencies in the U.S. itself. Here are a few.
Intel (INTC) was founded in 1968 and is based in California. The company engages in the design, manufacture, and sale of computer products and technologies. It delivers computer, networking, data storage, and communications platforms, and the firm operates through the following segments: Client Computing Group (CCG), Data Center Group (DCG), Internet of Things Group (IOTG), Non-Volatile Memory Solutions Group (NSG), Programmable Solutions (PSG), and others.
Apple’s Mac now uses Intel processors. Also, Apple agreed to acquire a majority of Intel’s smartphone modem business relatively recently, increasing its patent ownership and setting up a foundation for 5G development.
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Qualcomm (QCOM) was founded in 1985 and creates software, semiconductors, intellectual property, and technology relate to wireless technology. The company provides several products to Apple including envelope power trackers, baseband processors, power management modules, and GSM/CDMA receivers and transceivers.
It’s notable that when Apple announced its Intel acquisition, Qualcomm got involved in legal action, creating friction in terms of the modem manufacturing relationship.
Micron (MU) is an Idaho-based producer of computer memory and data storage, including flash memory, dynamic random-access memory, and USB flash drives. Apple has teamed up with Micron in terms of ambitions in the artificial intelligence space and new memory types.
Texas Instruments (TXN) is a technology company based in Texas. They specialize in designing and manufacturing semiconductors and integrated circuits to sell globally to electronics businesses and other industries globally.
For Apple, as an example, Texas Instruments supplies several components for the newer iPhones, including those related to battery and power management.
Intel, 3M, Qualcomm, Micron, and Texas Instruments are just a couple of examples of companies in the U.S. that are tied to Apple, but investing in these companies is somewhat of a way to invest in the success of Apple.
[Note: This article is not financial advice.]