Apple (AAPL)

• Market cap: $3.46T
• 1 day: 0.32%
• 5 days: 1.77%
• 1 month: -3.16%
• 3 months: 1.10%
• 6 months: 19.87%
• Year to date: 23.36%
• 1 year: 19.61%
• 5 years: 248.02%
• 10 years: 687.48%
• 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: $64.1B | Put options by funds: $55.6B

4% more capital invested

Capital invested by funds: $2.04T [Q2] → $2.13T (+$90.5B) [Q3]

1% less funds holding in top 10

Funds holding in top 10: 2,953 [Q2] → 2,922 (-31) [Q3]

2% less funds holding

Funds holding: 4,998 [Q2] → 4,910 (-88) [Q3]

2.04% less ownership

Funds ownership: 62.34% [Q2] → 60.3% (-2.04%) [Q3]

24% less repeat investments, than reductions

Existing positions increased: 1,915 | Existing positions reduced: 2,535

35% less first-time investments, than exits

New positions opened: 163 | Existing positions closed: 251

Research analyst outlook

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

• Low target: $184 20% downside
• Avg. target: $246 8% upside
• High target: $300 31% upside

32 analyst ratings

• positive: 21 66%
• neutral: 8 25%
• negative: 3 9%

Maxim Group Tom Forte 54% 1-year accuracy 7 / 13 met price target	6% downside $215	Hold Maintained	1 Nov 2024
Barclays Tim Long 52% 1-year accuracy 22 / 42 met price target	20% downside $184	Underweight Maintained	1 Nov 2024
Rosenblatt Barton Crockett 65% 1-year accuracy 33 / 51 met price target	14% upside $262	Buy Maintained	1 Nov 2024
Needham Laura Martin 65% 1-year accuracy 91 / 141 met price target	14% upside $260	Buy Reiterated	1 Nov 2024
Keybanc Brandon Nispel 70% 1-year accuracy 14 / 20 met price target	13% downside $200	Underweight Downgraded	25 Oct 2024