Corning: Expansion of Apple Partnership is Opportunity for New All-Time High
The 2nd quarter already led to a breakout to a multi-year high
Susquehanna rates at $75 (Positive)
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Corning (GLW) supplied the display glass for the first iPhone back in 2007 and continues to provide the advanced "Ceramic Shield.” Apple has now announced an investment of $2.5 billion as part of the American Manufacturing Plan (AMP) for the world's largest production line for smartphone glass. The facility in Harrodsburg, Kentucky is set to operate exclusively for Apple, increasing production capacity by 50%. All glass displays for iPhones and Apple Watches sold worldwide are set to come from the USA. Corning will also, for the first time,...
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