Apple (AAPL)

• Market cap: $3.8T
• 1 day: -1.64%
• 5 days: -1.32%
• 1 month: 4.93%
• 3 months: 7.90%
• 6 months: 15.99%
• Year to date: 35.43%
• 1 year: 35.43%
• 5 years: 244.96%
• 10 years: 793.74%
• Sector: Information Technology
• Industry: Electronic Computers

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: 164,000

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

15% more call options, than puts

Call options by funds: $65B | Put options by funds: $56.6B

5% more capital invested

Capital invested by funds: $2.08T [Q2] → $2.18T (+$97B) [Q3]

0% less funds holding in top 10

Funds holding in top 10: 2,962 [Q2] → 2,955 (-7) [Q3]

1% less funds holding

Funds holding: 5,012 [Q2] → 4,970 (-42) [Q3]

1.98% less ownership

Funds ownership: 63.54% [Q2] → 61.56% (-1.98%) [Q3]

20% less first-time investments, than exits

New positions opened: 167 | Existing positions closed: 209

25% less repeat investments, than reductions

Existing positions increased: 1,936 | Existing positions reduced: 2,570

Research analyst outlook

10 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $184 27% downside
• Avg. target: $241 4% downside
• High target: $325 29% upside

10 analyst ratings

• positive: 5 50%
• neutral: 3 30%
• negative: 2 20%

Wedbush Daniel Ives 76% 1-year accuracy 103 / 136 met price target	29% upside $325	Outperform Maintained	26 Dec 2024
Morgan Stanley Erik Woodring 52% 1-year accuracy 14 / 27 met price target	9% upside $273	Overweight Reiterated	13 Dec 2024
Needham Laura Martin 76% 1-year accuracy 248 / 328 met price target	3% upside $260	Buy Reiterated	10 Dec 2024
Maxim Group Tom Forte 36% 1-year accuracy 5 / 14 met price target	14% downside $215	Hold Maintained	1 Nov 2024
Barclays Tim Long 54% 1-year accuracy 29 / 54 met price target	27% downside $184	Underweight Maintained	1 Nov 2024