AppleAAPL
About: Apple is among the largest companies in the world, with a broad portfolio of hardware and software products targeted at consumers and businesses. Apple's iPhone makes up a majority of the firm sales, and Apple's other products like Mac, iPad, and Watch are designed around the iPhone as the focal point of an expansive software ecosystem. Apple has progressively worked to add new applications, like streaming video, subscription bundles, and augmented reality. The firm designs its own software and semiconductors while working with subcontractors like Foxconn and TSMC to build its products and chips. Slightly less than half of Apple's sales come directly through its flagship stores, with a majority of sales coming indirectly through partnerships and distribution.
Employees: 161,000
Fund manager confidence
Based on 2023 Q4 SEC filings by fund managers ($100M+ AUM)
67% more first-time investments, than exits
New positions opened: 373 | Existing positions closed: 224
14% more capital invested
Capital invested by funds: $1.58T [Q3] → $1.8T (+$217B) [Q4]
3% more funds holding
Funds holding: 4,480 [Q3] → 4,629 (+149) [Q4]
1.83% more ownership
Funds ownership: 58.09% [Q3] → 59.92% (+1.83%) [Q4]
2% more funds holding in top 10
Funds holding in top 10: 2,708 [Q3] → 2,754 (+46) [Q4]
0% more call options, than puts
Call options by funds: $34.5B | Put options by funds: $34.4B
30% less repeat investments, than reductions
Existing positions increased: 1,650 | Existing positions reduced: 2,371
Research analyst outlook
37 Wall Street Analysts provided 1 year price forecasts over the past 6 months
37 analyst ratings
Citigroup Atif Malik | 21%upside $210 | Buy Maintained | 29 Apr 2024 |
Bernstein Toni Sacconaghi | 13%upside $195 | Outperform Upgraded | 29 Apr 2024 |
Morgan Stanley Erik Woodring | 21%upside $210 | Overweight Maintained | 22 Apr 2024 |
Maxim Group Tom Forte | 3%upside $178 | Hold Initiated | 17 Apr 2024 |
Needham Laura Martin | 27%upside $220 | Buy Reiterated | 16 Apr 2024 |
Financial journalist opinion
Based on 528 articles about AAPL published over the past 30 days