Home » conflict sin stocks » Here’s The Secret Way That Apple (AAPL) Might Be A Sin Stock

Tobacco, alcohol, and gambling are the “big three” most famous sin stocks. But another type of sin stock is often added to this group — defense stocks (or conflict stocks). They include weapon manufacturers — from gun manufacturers like Smith and Wesson (SWHC) all the way up to much larger high tech equipment like General Electric (GE).

Although we’ve suggested that Apple COULD be considered a sin stock because of its user addiction, restrictive corporate policies, and sweatshop labor, no one would lump Apple into the defense stock category…

… until now.

In an article reported by Reuters and then published in Digital Journal, a consortium of 162 organizations (both corporations and universities) received $75 million dollars in funding from the government for the research and development of high-tech sensor-embedded flexible materials to be used in military applications such as uniforms and aircraft surfaces.

Along with Apple, other companies include Boeing (BA), Motorola (MSI), Qualcomm (QCOMM), and others.

Source: Reuters “Pentagon Teams Up With Apple, Boeing To Develop Wearable Tech” with further reporting from Digital Journal “Apple, Motorola, And Others Help The Pentagon Develop Wearables For Soldiers”.

DISCLAIMER

Nothing on this site is a recommendation because, hey, I can't read your mind and I don't know what you have in your portfolio, and I'm not a licensed financial advisor. So never EVER trade without doing your due diligence. If you want more information about this fascinating topic, please check out the Sin Stocks Disclaimer page which basically says the same thing but more emphatically.