Why Apple Stock Popped over 3% on Thursday

Motley Fool2023-04-14

What happenedShares of Apple enjoyed a 3.41% pop on Thursday after the computers and iPhones tech giant announced plans to switch to using only recycled cobalt in its device batteries by 2025. So ...

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Comments

7mate34
2023-04-14
7mate34
As always Apple is setting a trend. A good move that will score big for the company
TeslaLegend
2023-04-14
TeslaLegend
Nice
AnthonyFoo
2023-04-14
AnthonyFoo
Ao the bounce is temporary I think.
CookieMon12
2023-04-14
CookieMon12
Nice
HLPA
2023-04-14
HLPA
Great for AAPL. Got my profits in the bag
LimBT
2023-04-14
LimBT
Ok

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On one hand, it's a warm and fuzzy \"save the planet\" story as Apple moves to defuse criticism that the massive popularity of its devices is causing environmental issues by encouraging greater cobalt mining. Looking at the big picture, Apple is hoping to become entirely carbon-neutral by 2030, recycling not only cobalt, but also rare earth metals, tin soldering, gold plating, and even aluminum used in its products.  At the same time, this is an economic story for Apple. According to a 2022 report from MacroPolo.org, cobalt is the single most expensive component (by weight) of rechargeable batteries, costing close to $60 per kilogram in 2021 -- about twice the price of lithium. So in announcing that it will recycle all its cobalt, Apple is presumably also aiming to cut the cost of its products -- and boost its own profit margins.  Now whatGranted, just because Apple is recycling cobalt doesn't mean it's getting the recycled stuff for free. 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A good move that will score big for the company","listText":"As always Apple&nbsp;is setting&nbsp;a trend. A good move that will score big for the company","text":"As always Apple is setting a trend. A good move that will score big for the company","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9945666782","repostId":2327615167,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9945669131,"gmtCreate":1681455432924,"gmtModify":1681455436810,"author":{"id":"3572489627147183","authorId":"3572489627147183","name":"TeslaLegend","avatar":"https://static.tigerbbs.com/180ad6f06095bcbf2b6594d26c494752","vip":1,"hat":"https://static.tigerbbs.com/f84859c65fc2d7681e28f6b8e9b0535a","crmLevel":4,"crmLevelSwitch":1,"idStr":"3572489627147183","authorIdStr":"3572489627147183"},"htmlText":"Nice&nbsp;","listText":"Nice&nbsp;","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9945669131","repostId":2327615167,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9945619315,"gmtCreate":1681446439637,"gmtModify":1681446443120,"author":{"id":"4098524475474940","authorId":"4098524475474940","name":"AnthonyFoo","avatar":"https://static.tigerbbs.com/35478c05f1aca1611dc6bce1780bc4aa","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"4098524475474940","authorIdStr":"4098524475474940"},"htmlText":"Ao the bounce is temporary I think.","listText":"Ao the bounce is temporary I think.","text":"Ao the bounce is temporary I think.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9945619315","repostId":2327615167,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9945632775,"gmtCreate":1681444994298,"gmtModify":1681444997694,"author":{"id":"3581997496673642","authorId":"3581997496673642","name":"CookieMon12","avatar":"https://static.tigerbbs.com/d412f1a182e016f0fe66376d12556dee","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3581997496673642","authorIdStr":"3581997496673642"},"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9945632775","repostId":2327615167,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9945631561,"gmtCreate":1681444335353,"gmtModify":1681444338889,"author":{"id":"3569274903458035","authorId":"3569274903458035","name":"HLPA","avatar":"https://static.tigerbbs.com/07e7b987a9127c5a47dbc3ae02db548b","vip":1,"hat":"https://static.tigerbbs.com/646756f1284a5a6480ed02cc4fa7d1d2","crmLevel":8,"crmLevelSwitch":1,"idStr":"3569274903458035","authorIdStr":"3569274903458035"},"htmlText":"Great for AAPL. Got my profits in the bag","listText":"Great for AAPL. Got my profits in the bag","text":"Great for AAPL. Got my profits in the bag","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9945631561","repostId":2327615167,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9945631010,"gmtCreate":1681444264930,"gmtModify":1681444267518,"author":{"id":"4134278158747952","authorId":"4134278158747952","name":"LimBT","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"4134278158747952","authorIdStr":"4134278158747952"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9945631010","repostId":2327615167,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":50,"commentSize":6,"repostSize":4,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2327615167"}