AppleAAPL
Market Cap: $3.39T
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)
42% more first-time investments, than exits
New positions opened: 251 | Existing positions closed: 177
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: 2,593 [Q1] → 2,925 (+332) [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: 4,871 [Q1] → 4,945 (+74) [Q2]
0.24% more ownership
Funds ownership: 60.54% [Q1] → 60.79% (+0.24%) [Q2]
6% less repeat investments, than reductions
Existing positions increased: 2,148 | Existing positions reduced: 2,280
Research analyst outlook
51 Wall Street Analysts provided 1 year price targets over the past 3 months
51 analyst ratings
JP Morgan Samik Chatterjee 49% 1-year accuracy 29 / 59 met price target | 19%upside $265 | Overweight Maintained | 10 Sept 2024 |
Oppenheimer Martin Yang 73% 1-year accuracy 19 / 26 met price target | 12%upside $250 | Outperform Maintained | 10 Sept 2024 |
Piper Sandler Matt Farrell 50% 1-year accuracy 6 / 12 met price target | 1%upside $225 | Neutral Reiterated | 10 Sept 2024 |
Wedbush Daniel Ives 61% 1-year accuracy 84 / 138 met price target | 35%upside $300 | Outperform Maintained | 10 Sept 2024 |
B of A Securities Wamsi Mohan 59% 1-year accuracy 20 / 34 met price target | 15%upside $256 | Buy Maintained | 10 Sept 2024 |
Financial journalist opinion
Based on 482 articles about AAPL published over the past 30 days