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: 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
5% more capital invested
Capital invested by funds: $2.04T [Q2] → $2.13T (+$93.4B) [Q3]
0% less funds holding in top 10
Funds holding in top 10: 2,961 [Q2] → 2,954 (-7) [Q3]
1% less funds holding
Funds holding: 5,011 [Q2] → 4,969 (-42) [Q3]
1.98% less ownership
Funds ownership: 62.36% [Q2] → 60.38% (-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: 2,569
Research analyst outlook
11 Wall Street Analysts provided 1 year price targets over the past 3 months
11 analyst ratings
Morgan Stanley Erik Woodring 52% 1-year accuracy 14 / 27 met price target | 7%upside $273 | Overweight Reiterated | 13 Dec 2024 |
Needham Laura Martin 77% 1-year accuracy 252 / 329 met price target | 2%upside $260 | Buy Reiterated | 10 Dec 2024 |
Wedbush Daniel Ives 80% 1-year accuracy 111 / 138 met price target | 18%upside $300 | Outperform Reiterated | 29 Nov 2024 |
Maxim Group Tom Forte 50% 1-year accuracy 7 / 14 met price target | 16%downside $215 | Hold Maintained | 1 Nov 2024 |
Barclays Tim Long 54% 1-year accuracy 29 / 54 met price target | 28%downside $184 | Underweight Maintained | 1 Nov 2024 |
Financial journalist opinion
Based on 274 articles about AAPL published over the past 30 days
