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 2024 Q2 SEC filings by fund managers ($100M+ AUM)
53% more first-time investments, than exits
New positions opened: 254 | Existing positions closed: 166
24% more capital invested
Capital invested by funds: $1.61T [Q1] → $1.99T (+$379B) [Q2]
13% more funds holding in top 10
Funds holding in top 10: 2,596 [Q1] → 2,939 (+343) [Q2]
12% more call options, than puts
Call options by funds: $57.3B | Put options by funds: $51.2B
2% more funds holding
Funds holding: 4,880 [Q1] → 4,968 (+88) [Q2]
0.26% more ownership
Funds ownership: 60.54% [Q1] → 60.8% (+0.26%) [Q2]
5% less repeat investments, than reductions
Existing positions increased: 2,162 | Existing positions reduced: 2,285
Research analyst outlook
41 Wall Street Analysts provided 1 year price targets over the past 3 months
41 analyst ratings
Piper Sandler Matt Farrell 60% 1-year accuracy 6 / 10 met price target | 4%downside $225 | Neutral Reiterated | 9 Oct 2024 |
Jefferies Kyle Mcnealy 0 / 0 met price target | 9%downside $213 | Hold Assumed | 7 Oct 2024 |
B of A Securities Wamsi Mohan 76% 1-year accuracy 29 / 38 met price target | 10%upside $256 | Buy Reiterated | 3 Oct 2024 |
Barclays Tim Long 65% 1-year accuracy 26 / 40 met price target | 20%downside $186 | Underweight Maintained | 1 Oct 2024 |
New Street Research Pierre Ferragu 50% 1-year accuracy 2 / 4 met price target | 4%downside $225 | Neutral Reiterated | 25 Sept 2024 |
Financial journalist opinion
Based on 286 articles about AAPL published over the past 30 days
