Apple (AAPL)

• Market cap: $3.46T
• 1 day: 0.75%
• 5 days: -1.52%
• 1 month: -9.27%
• 3 months: -0.93%
• 6 months: 0.48%
• Year to date: -5.69%
• 1 year: 25.89%
• 5 years: 188.63%
• 10 years: 746.14%
• 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)

26% more first-time investments, than exits

New positions opened: 169 | Existing positions closed: 134

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 (+$97.1B) [Q3]

0% less funds holding in top 10

Funds holding in top 10: 2,964 [Q2] → 2,960 (-4) [Q3]

1% less funds holding

Funds holding: 5,016 [Q2] → 4,980 (-36) [Q3]

1.98% less ownership

Funds ownership: 63.54% [Q2] → 61.57% (-1.98%) [Q3]

25% less repeat investments, than reductions

Existing positions increased: 1,939 | Existing positions reduced: 2,575

Research analyst outlook

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

• Low target: $184 20% downside
• Avg. target: $242 5% upside
• High target: $325 41% upside

10 analyst ratings

• positive: 6 60%
• neutral: 1 10%
• negative: 3 30%

MoffettNathanson Craig Moffett 50% 1-year accuracy 1 / 2 met price target	18% downside $188	Sell Downgraded	7 Jan 2025
Bernstein Toni Sacconaghi 20% 1-year accuracy 2 / 10 met price target	13% upside $260	Outperform Maintained	3 Jan 2025
B of A Securities Wamsi Mohan 74% 1-year accuracy 58 / 78 met price target	11% upside $256	Buy Maintained	3 Jan 2025
Wedbush Daniel Ives 70% 1-year accuracy 93 / 133 met price target	41% upside $325	Outperform Maintained	26 Dec 2024
Morgan Stanley Erik Woodring 43% 1-year accuracy 12 / 28 met price target	19% upside $273	Overweight Reiterated	13 Dec 2024