Bes Stocks To Buy 2014, Best Stocks For 2014: Apple Releases Supplier List

Thursday, February 16, 2012

Apple Releases Supplier List

Apple(AAPL) has issued a comprehensive list of the companies it works with for the first time as well as revealing a supplier code of conduct.

The move follows criticism of the company over the past few years that some of its partners treat their workers poorly.

"Apple is committed to the highest standards of social responsibility across our worldwide supply chain," the company said on its Web site. "We insist that all of our suppliers provide safe working conditions, treat workers with dignity and respect, and use environmentally responsible manufacturing processes. Our actions -- from thorough site audits to industry-leading training programs -- demonstrate this commitment."

The list of suppliers includes many recognizable names of publicly traded U.S. companies, such as Intel(INTC), Advanced Micro Devices(AMD), Nvidia(NVDA) and Qualcomm(QCOM).

The company said the suppliers on the list "represent 97 percent of Apple's procurement expenditures for materials, manufacturing, and assembly of Apple's products worldwide."

Apple shares closed Friday at $419.81, down 0.4%. The stock has risen nearly 21% in the past year, and it hit a new all-time intraday high of $427.75 on Jan. 9. On Friday, the company had a rough time of it opening its flagship store in China.

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