Apple (AAPL)

• Market cap: $2.93T
• 1 day: -1.38%
• 5 days: -3.88%
• 1 month: -7.74%
• 3 months: -6.31%
• 6 months: -20.83%
• Year to date: -19.44%
• 1 year: -8.30%
• 5 years: 129.10%
• 10 years: 519.13%
• Sector: Technology
• Industry: Consumer Electronics

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 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)

22% more first-time investments, than exits

New positions opened: 161 | Existing positions closed: 132

12% more call options, than puts

Call options by funds: $46.4B | Put options by funds: $41.5B

1.38% less ownership

Funds ownership: 62.27% [Q4 2024] → 60.89% (-1.38%) [Q1 2025]

2% less funds holding

Funds holding: 5,544 [Q4 2024] → 5,445 (-99) [Q1 2025]

7% less funds holding in top 10

Funds holding in top 10: 3,317 [Q4 2024] → 3,078 (-239) [Q1 2025]

15% less capital invested

Capital invested by funds: $2.39T [Q4 2024] → $2.03T (-$367B) [Q1 2025]

35% less repeat investments, than reductions

Existing positions increased: 1,977 | Existing positions reduced: 3,030

Research analyst outlook

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

• Low target: $171 13% downside
• Avg. target: $235 20% upside
• High target: $300 53% upside

15 analyst ratings

• positive: 10 67%
• neutral: 3 20%
• negative: 2 13%

Morgan Stanley Erik Woodring	20% upside $235	Overweight Reiterated	10 Jun 2025
Wedbush Daniel Ives	37% upside $270	Outperform Reiterated	10 Jun 2025
B of A Securities Wamsi Mohan	20% upside $235	Buy Reiterated	10 Jun 2025
Rosenblatt Barton Crockett	10% upside $217	Neutral Downgraded	2 May 2025
Jefferies Edison Lee	13% downside $171	Underperform Downgraded	2 May 2025