Apple (AAPL)

• Market cap: $3.67T
• 1 day: 1.27%
• 5 days: 6.55%
• 1 month: 4.85%
• 3 months: 7.18%
• 6 months: 10.32%
• Year to date: 0.31%
• 1 year: 32.83%
• 5 years: 201.08%
• 10 years: 665.33%
• 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)

25% more first-time investments, than exits

New positions opened: 167 | 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 (+$97.2B) [Q3]

0% less funds holding in top 10

Funds holding in top 10: 2,966 [Q2] → 2,963 (-3) [Q3]

1% less funds holding

Funds holding: 5,022 [Q2] → 4,986 (-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: 1,943 | Existing positions reduced: 2,578

Research analyst outlook

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

• Low target: $188 23% downside
• Avg. target: $251 3% upside
• High target: $325 33% upside

15 analyst ratings

• positive: 10 67%
• neutral: 1 7%
• negative: 4 27%

Citigroup Atif Malik 61% 1-year accuracy 31 / 51 met price target	12% upside $275	Buy Maintained	31 Jan 2025
Needham Laura Martin 77% 1-year accuracy 258 / 337 met price target	6% upside $260	Buy Reiterated	31 Jan 2025
Morgan Stanley Erik Woodring 52% 1-year accuracy 16 / 31 met price target	12% upside $275	Overweight Maintained	31 Jan 2025
Evercore ISI Group Amit Daryanani 67% 1-year accuracy 34 / 51 met price target	6% upside $260	Outperform Maintained	31 Jan 2025
B of A Securities Wamsi Mohan 77% 1-year accuracy 65 / 84 met price target	8% upside $265	Buy Maintained	31 Jan 2025