Track market-moving stories before they get noisy

Posted by Defense World Staff on Aug 9th, 2026

Clarkston Capital Partners LLC lowered its position in shares of Apple Inc. (NASDAQ:AAPL – Free Report) by 93.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,033 shares of the iPhone maker’s stock after selling 154,783 shares during the quarter. Clarkston Capital Partners LLC’s holdings in Apple were worth $2,800,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. JMG Financial Group Ltd. boosted its stake in Apple by 0.7% during the first quarter. JMG Financial Group Ltd. now owns 5,102 shares of the iPhone maker’s stock worth $1,295,000 after buying an additional 35 shares during the period. Reyes Financial Architecture Inc. raised its stake in shares of Apple by 0.4% in the third quarter. Reyes Financial Architecture Inc. now owns 9,898 shares of the iPhone maker’s stock valued at $2,520,000 after acquiring an additional 37 shares during the period. Interactive Financial Advisors Inc. lifted its holdings in shares of Apple by 4.0% in the 4th quarter. Interactive Financial Advisors Inc. now owns 1,051 shares of the iPhone maker’s stock worth $286,000 after acquiring an additional 40 shares during the last quarter. Sugar Maple Asset Management LLC lifted its stake in Apple by 2.0% in the first quarter. Sugar Maple Asset Management LLC now owns 2,029 shares of the iPhone maker’s stock worth $515,000 after purchasing an additional 40 shares during the last quarter. Finally, Orion Investment Co boosted its position in shares of Apple by 0.3% during the fourth quarter. Orion Investment Co now owns 14,354 shares of the iPhone maker’s stock valued at $3,902,000 after buying an additional 41 shares during the period. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Apple Stock Performance Shares of AAPL stock opened at $313.33 on Friday. The business has a fifty day moving average of $309.45 and a 200 day moving average of $283.23. Apple Inc. has a 1 year low of $219.25 and a 1 year high of $344.57. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.00 and a quick ratio of 0.93. The firm has a market capitalization of $4.57 trillion, a price-to-earnings ratio of 35.93, a price-to-earnings-growth ratio of 2.69 and a beta of 1.09.

Apple (NASDAQ:AAPL – Get Free Report) last posted its earnings results on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.89 by $0.13. Apple had a net margin of 27.62% and a return on equity of 135.46%. The firm had revenue of $109.42 billion during the quarter, compared to analysts’ expectations of $109.04 billion. During the same period in the previous year, the business posted $1.57 EPS. The business’s revenue was up 16.4% compared to the same quarter last year. As a group, research analysts expect that Apple Inc. will post 8.76 earnings per share for the current year.

Apple Announces Dividend The business also recently announced a quarterly dividend, which will be paid on Thursday, August 13th. Investors of record on Monday, August 10th will be issued a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 0.3%. The ex-dividend date is Monday, August 10th. Apple’s dividend payout ratio (DPR) is 12.39%.

Key Stories Impacting Apple Here are the key news stories impacting Apple this week:

Positive Sentiment: Planned CEO transition appears orderly. Tim Cook will step down in September and be succeeded by longtime Apple executive John Ternus, a veteran with experience dating back to the Steve Jobs era. Cook’s endorsement and Ternus’ familiarity with Apple’s products may reduce concerns about strategic disruption. Tim Cook Says There’s ‘No Better Person’ to Take Over at Apple Positive Sentiment: Core business momentum remains strong. Apple’s latest quarter exceeded earnings and revenue expectations, with revenue up roughly 16% year over year. Broad iPhone, Mac and Services demand continues to support the bullish case. Tim Cook’s Last Quarter as CEO Was Apple’s Best June Quarter Ever Positive Sentiment: App Store monetization is holding up. App Store revenue increased slightly despite a 4% decline in iPhone and iPad downloads, as revenue per download rose 4.7%. This suggests continued pricing and engagement resilience in a key Services business. Apple App Store Revenue Ticks Up Despite Falling Downloads Neutral Sentiment: OpenAI is seeking dismissal of Apple’s trade-secrets lawsuit. OpenAI denies misappropriating confidential information related to Apple’s consumer-hardware efforts. The filing does not resolve the dispute, leaving legal and competitive uncertainty in place. OpenAI Seeks Dismissal of Apple’s Trade Secrets Lawsuit Negative Sentiment: Near-term cost and growth pressures are weighing on sentiment. Rising memory prices, supply constraints and policy risks could pressure margins, while slower Services growth has prompted some firms to downgrade Apple to Hold or Moderate Sell. Apple’s Capex Strategy Worked But Other Pressures Are Mounting Negative Sentiment: Competition in emerging hardware is increasing. Samsung reported a 30% rise in foldable-device preorders, highlighting a market Apple has yet to enter. Investors may view future Apple foldables as an opportunity, but execution and timing remain uncertain. Samsung Foldable Preorders Jump 30% Insider Buying and Selling In related news, insider Ben Borders sold 116 shares of the company’s stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $295.14, for a total transaction of $34,236.24. Following the sale, the insider directly owned 38,713 shares of the company’s stock, valued at $11,425,754.82. This represents a 0.30% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 0.06% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth Several research firms have issued reports on AAPL. Weiss Ratings raised shares of Apple from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, August 3rd. Barclays reaffirmed an “underweight” rating and set a $245.00 price target (down from $253.00) on shares of Apple in a research note on Friday, July 31st. The Goldman Sachs Group reiterated a “buy” rating and issued a $360.00 price target (down from $370.00) on shares of Apple in a report on Friday, July 31st. DZ Bank cut Apple from a “buy” rating to a “hold” rating and set a $310.00 price objective on the stock. in a research note on Tuesday, August 4th. Finally, JPMorgan Chase & Co. reduced their price objective on Apple from $345.00 to $340.00 and set an “overweight” rating on the stock in a report on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, eleven have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, Apple currently has an average rating of “Moderate Buy” and an average target price of $330.44.

Check Out Our Latest Research Report on Apple

Apple Company Profile (Free Report)

Apple Inc (NASDAQ: AAPL) is a multinational technology company headquartered in Cupertino, California, founded in 1976 by Steve Jobs, Steve Wozniak and Ronald Wayne. The company designs, develops and sells consumer electronics, software and services. Over its history Apple has evolved from personal computers to a broad portfolio that spans mobile devices, wearables, home entertainment and digital services.

Apple’s principal hardware products include the iPhone smartphone, iPad tablet, Mac personal computers, Apple Watch wearable devices and a range of accessories such as AirPods and HomePod.

See Also Five stocks we like better than Apple Quantum Earnings Week: Winners and Losers Are Finally Emerging Axon’s Post-Earnings Pullback May Be More About Valuation Than Growth Uber Stock Lags in 2026, But Cash Flow and AV Bets Fuel Upside AppLovin Stock Hits 52-Week Low as Analysts Trim Targets, Stay Bullish Want to see what other hedge funds are holding AAPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Apple Inc. (NASDAQ:AAPL – Free Report).

Receive News & Ratings for Apple Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apple and related companies with MarketBeat.com's FREE daily email newsletter.

« PREVIOUS HEADLINECaxton Associates LLP Has $131.36 Million Holdings in Apple Inc. $AAPL

NEXT HEADLINE »Dickmeyer Boyce Financial Management Inc. Invests $7.96 Million in Apple Inc. $AAPL

Posted by Defense World Staff on Aug 9th, 2026

B&D White Capital Company LLC increased its position in shares of Apple Inc. (NASDAQ:AAPL – Free Report) by 36.3% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 9,913 shares of the iPhone maker’s stock after acquiring an additional 2,638 shares during the period. B&D White Capital Company LLC’s holdings in Apple were worth $2,516,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of AAPL. Monograph Wealth Advisors LLC raised its position in Apple by 15.6% in the first quarter. Monograph Wealth Advisors LLC now owns 123,385 shares of the iPhone maker’s stock valued at $31,314,000 after purchasing an additional 16,640 shares during the last quarter. State of Wyoming grew its holdings in shares of Apple by 152.6% during the first quarter. State of Wyoming now owns 65,912 shares of the iPhone maker’s stock worth $16,728,000 after purchasing an additional 39,818 shares during the last quarter. Envision Financial Transparency LLC acquired a new position in shares of Apple in the first quarter valued at approximately $1,167,000. Lavaca Capital LLC increased its stake in shares of Apple by 8.8% in the first quarter. Lavaca Capital LLC now owns 48,125 shares of the iPhone maker’s stock valued at $12,214,000 after buying an additional 3,875 shares during the period. Finally, Levin Capital Strategies L.P. raised its holdings in Apple by 7.2% in the 1st quarter. Levin Capital Strategies L.P. now owns 93,973 shares of the iPhone maker’s stock valued at $23,850,000 after buying an additional 6,304 shares during the last quarter. Institutional investors and hedge funds own 67.73% of the company’s stock.

Insider Activity In other news, insider Ben Borders sold 116 shares of the company’s stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $295.14, for a total value of $34,236.24. Following the completion of the sale, the insider directly owned 38,713 shares in the company, valued at $11,425,754.82. This represents a 0.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 0.06% of the stock is currently owned by company insiders.

Analyst Ratings Changes AAPL has been the topic of several recent research reports. KeyCorp reiterated an “underweight” rating and set a $250.00 target price on shares of Apple in a research report on Tuesday, July 28th. Oppenheimer reiterated a “market perform” rating on shares of Apple in a report on Friday, July 31st. DZ Bank downgraded Apple from a “buy” rating to a “hold” rating and set a $310.00 price objective for the company. in a report on Tuesday, August 4th. Evercore reaffirmed an “outperform” rating on shares of Apple in a research report on Wednesday, July 8th. Finally, Phillip Securities lowered Apple from a “hold” rating to a “moderate sell” rating in a research report on Monday, August 3rd. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $330.44.

View Our Latest Research Report on AAPL

Apple Trading Up 0.3% Shares of AAPL opened at $313.33 on Friday. Apple Inc. has a twelve month low of $219.25 and a twelve month high of $344.57. The stock has a market cap of $4.57 trillion, a PE ratio of 35.93, a P/E/G ratio of 2.69 and a beta of 1.09. The company has a quick ratio of 0.93, a current ratio of 1.00 and a debt-to-equity ratio of 0.66. The business’s 50-day moving average price is $309.45 and its 200-day moving average price is $283.23.

Apple (NASDAQ:AAPL – Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share for the quarter, topping the consensus estimate of $1.89 by $0.13. Apple had a return on equity of 135.46% and a net margin of 27.62%.The business had revenue of $109.42 billion during the quarter, compared to analysts’ expectations of $109.04 billion. During the same quarter last year, the business posted $1.57 EPS. The business’s revenue was up 16.4% on a year-over-year basis. On average, equities analysts forecast that Apple Inc. will post 8.76 EPS for the current fiscal year.

Apple Announces Dividend The company also recently declared a quarterly dividend, which will be paid on Thursday, August 13th. Stockholders of record on Monday, August 10th will be issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend is Monday, August 10th. Apple’s dividend payout ratio is presently 12.39%.

Trending Headlines about Apple Here are the key news stories impacting Apple this week:

Positive Sentiment: Planned CEO transition appears orderly. Tim Cook will step down in September and be succeeded by longtime Apple executive John Ternus, a veteran with experience dating back to the Steve Jobs era. Cook’s endorsement and Ternus’ familiarity with Apple’s products may reduce concerns about strategic disruption. Tim Cook Says There’s ‘No Better Person’ to Take Over at Apple Positive Sentiment: Core business momentum remains strong. Apple’s latest quarter exceeded earnings and revenue expectations, with revenue up roughly 16% year over year. Broad iPhone, Mac and Services demand continues to support the bullish case. Tim Cook’s Last Quarter as CEO Was Apple’s Best June Quarter Ever Positive Sentiment: App Store monetization is holding up. App Store revenue increased slightly despite a 4% decline in iPhone and iPad downloads, as revenue per download rose 4.7%. This suggests continued pricing and engagement resilience in a key Services business. Apple App Store Revenue Ticks Up Despite Falling Downloads Neutral Sentiment: OpenAI is seeking dismissal of Apple’s trade-secrets lawsuit. OpenAI denies misappropriating confidential information related to Apple’s consumer-hardware efforts. The filing does not resolve the dispute, leaving legal and competitive uncertainty in place. OpenAI Seeks Dismissal of Apple’s Trade Secrets Lawsuit Negative Sentiment: Near-term cost and growth pressures are weighing on sentiment. Rising memory prices, supply constraints and policy risks could pressure margins, while slower Services growth has prompted some firms to downgrade Apple to Hold or Moderate Sell. Apple’s Capex Strategy Worked But Other Pressures Are Mounting Negative Sentiment: Competition in emerging hardware is increasing. Samsung reported a 30% rise in foldable-device preorders, highlighting a market Apple has yet to enter. Investors may view future Apple foldables as an opportunity, but execution and timing remain uncertain. Samsung Foldable Preorders Jump 30% Apple Company Profile (Free Report)

Apple Inc (NASDAQ: AAPL) is a multinational technology company headquartered in Cupertino, California, founded in 1976 by Steve Jobs, Steve Wozniak and Ronald Wayne. The company designs, develops and sells consumer electronics, software and services. Over its history Apple has evolved from personal computers to a broad portfolio that spans mobile devices, wearables, home entertainment and digital services.

Apple’s principal hardware products include the iPhone smartphone, iPad tablet, Mac personal computers, Apple Watch wearable devices and a range of accessories such as AirPods and HomePod.

Further Reading Five stocks we like better than Apple Quantum Earnings Week: Winners and Losers Are Finally Emerging Axon’s Post-Earnings Pullback May Be More About Valuation Than Growth Uber Stock Lags in 2026, But Cash Flow and AV Bets Fuel Upside AppLovin Stock Hits 52-Week Low as Analysts Trim Targets, Stay Bullish

Receive News & Ratings for Apple Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apple and related companies with MarketBeat.com's FREE daily email newsletter.

« PREVIOUS HEADLINEDickmeyer Boyce Financial Management Inc. Invests $7.96 Million in Apple Inc. $AAPL

NEXT HEADLINE »Apple Inc. $AAPL Shares Sold by Decatur Capital Management Inc.

Posted by Defense World Staff on Aug 9th, 2026

Davis R M Inc. lifted its holdings in Apple Inc. (NASDAQ:AAPL – Free Report) by 2.1% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,151,352 shares of the iPhone maker’s stock after buying an additional 23,162 shares during the quarter. Apple comprises 5.2% of Davis R M Inc.’s portfolio, making the stock its 2nd biggest holding. Davis R M Inc.’s holdings in Apple were worth $292,202,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. First National Bank of Hutchinson lifted its position in shares of Apple by 24.6% during the fourth quarter. First National Bank of Hutchinson now owns 35,319 shares of the iPhone maker’s stock worth $8,845,000 after purchasing an additional 6,982 shares in the last quarter. Eagle Capital Management LLC increased its holdings in shares of Apple by 0.5% in the fourth quarter. Eagle Capital Management LLC now owns 54,085 shares of the iPhone maker’s stock valued at $13,544,000 after purchasing an additional 272 shares in the last quarter. Brighton Jones LLC increased its holdings in shares of Apple by 14.8% in the fourth quarter. Brighton Jones LLC now owns 537,314 shares of the iPhone maker’s stock valued at $134,554,000 after purchasing an additional 69,207 shares in the last quarter. Revolve Wealth Partners LLC raised its position in Apple by 4.2% in the 4th quarter. Revolve Wealth Partners LLC now owns 66,857 shares of the iPhone maker’s stock worth $16,742,000 after purchasing an additional 2,695 shares during the last quarter. Finally, Highview Capital Management LLC DE lifted its holdings in Apple by 2.4% during the 4th quarter. Highview Capital Management LLC DE now owns 50,264 shares of the iPhone maker’s stock worth $12,587,000 after buying an additional 1,155 shares in the last quarter. Institutional investors and hedge funds own 67.73% of the company’s stock.

Analyst Upgrades and Downgrades AAPL has been the topic of a number of recent research reports. DZ Bank lowered Apple from a “buy” rating to a “hold” rating and set a $310.00 price objective on the stock. in a research report on Tuesday, August 4th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $360.00 price target (down from $370.00) on shares of Apple in a research note on Friday, July 31st. Monness Crespi & Hardt raised their price target on Apple from $315.00 to $335.00 and gave the company a “buy” rating in a report on Friday, May 1st. Tigress Financial reiterated a “strong-buy” rating and issued a $375.00 price objective (up from $305.00) on shares of Apple in a research report on Thursday, May 14th. Finally, Robert W. Baird boosted their price objective on Apple from $310.00 to $330.00 and gave the stock an “outperform” rating in a report on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $330.44.

View Our Latest Report on Apple

Apple Trading Up 0.3% NASDAQ AAPL opened at $313.33 on Friday. Apple Inc. has a 12 month low of $219.25 and a 12 month high of $344.57. The stock has a 50-day simple moving average of $309.45 and a 200 day simple moving average of $283.23. The company has a current ratio of 1.00, a quick ratio of 0.93 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $4.57 trillion, a PE ratio of 35.93, a P/E/G ratio of 2.69 and a beta of 1.09.

Apple (NASDAQ:AAPL – Get Free Report) last issued its earnings results on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.89 by $0.13. The firm had revenue of $109.42 billion for the quarter, compared to analysts’ expectations of $109.04 billion. Apple had a return on equity of 135.46% and a net margin of 27.62%.The company’s revenue was up 16.4% compared to the same quarter last year. During the same quarter last year, the business earned $1.57 earnings per share. Research analysts forecast that Apple Inc. will post 8.76 EPS for the current year.

Apple Announces Dividend The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 13th. Investors of record on Monday, August 10th will be paid a dividend of $0.27 per share. The ex-dividend date of this dividend is Monday, August 10th. This represents a $1.08 annualized dividend and a yield of 0.3%. Apple’s dividend payout ratio (DPR) is presently 12.39%.

Apple News Roundup Here are the key news stories impacting Apple this week:

Positive Sentiment: Planned CEO transition appears orderly. Tim Cook will step down in September and be succeeded by longtime Apple executive John Ternus, a veteran with experience dating back to the Steve Jobs era. Cook’s endorsement and Ternus’ familiarity with Apple’s products may reduce concerns about strategic disruption. Tim Cook Says There’s ‘No Better Person’ to Take Over at Apple Positive Sentiment: Core business momentum remains strong. Apple’s latest quarter exceeded earnings and revenue expectations, with revenue up roughly 16% year over year. Broad iPhone, Mac and Services demand continues to support the bullish case. Tim Cook’s Last Quarter as CEO Was Apple’s Best June Quarter Ever Positive Sentiment: App Store monetization is holding up. App Store revenue increased slightly despite a 4% decline in iPhone and iPad downloads, as revenue per download rose 4.7%. This suggests continued pricing and engagement resilience in a key Services business. Apple App Store Revenue Ticks Up Despite Falling Downloads Neutral Sentiment: OpenAI is seeking dismissal of Apple’s trade-secrets lawsuit. OpenAI denies misappropriating confidential information related to Apple’s consumer-hardware efforts. The filing does not resolve the dispute, leaving legal and competitive uncertainty in place. OpenAI Seeks Dismissal of Apple’s Trade Secrets Lawsuit Negative Sentiment: Near-term cost and growth pressures are weighing on sentiment. Rising memory prices, supply constraints and policy risks could pressure margins, while slower Services growth has prompted some firms to downgrade Apple to Hold or Moderate Sell. Apple’s Capex Strategy Worked But Other Pressures Are Mounting Negative Sentiment: Competition in emerging hardware is increasing. Samsung reported a 30% rise in foldable-device preorders, highlighting a market Apple has yet to enter. Investors may view future Apple foldables as an opportunity, but execution and timing remain uncertain. Samsung Foldable Preorders Jump 30% Insider Transactions at Apple In related news, insider Ben Borders sold 116 shares of the business’s stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $295.14, for a total transaction of $34,236.24. Following the completion of the transaction, the insider owned 38,713 shares in the company, valued at approximately $11,425,754.82. The trade was a 0.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Corporate insiders own 0.06% of the company’s stock.

Apple Profile (Free Report)

Apple Inc (NASDAQ: AAPL) is a multinational technology company headquartered in Cupertino, California, founded in 1976 by Steve Jobs, Steve Wozniak and Ronald Wayne. The company designs, develops and sells consumer electronics, software and services. Over its history Apple has evolved from personal computers to a broad portfolio that spans mobile devices, wearables, home entertainment and digital services.

Apple’s principal hardware products include the iPhone smartphone, iPad tablet, Mac personal computers, Apple Watch wearable devices and a range of accessories such as AirPods and HomePod.

Featured Articles Five stocks we like better than Apple Quantum Earnings Week: Winners and Losers Are Finally Emerging Axon’s Post-Earnings Pullback May Be More About Valuation Than Growth Uber Stock Lags in 2026, But Cash Flow and AV Bets Fuel Upside AppLovin Stock Hits 52-Week Low as Analysts Trim Targets, Stay Bullish

Receive News & Ratings for Apple Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apple and related companies with MarketBeat.com's FREE daily email newsletter.

« PREVIOUS HEADLINEApple Inc. $AAPL Shares Sold by Decatur Capital Management Inc.

Steve Jobs is regarded as one of the most visionary corporate leaders in recent history, but his handpicked successor, Tim Cook, may have been even more important to Apple's (AAPL +0.29%) success. Jobs resigned as CEO in August 2011, recommending Cook as his replacement. The board immediately approved Cook as CEO, and he's served in that role for the last 15 years.

Cook will step down as CEO at the end of the month. John Ternus will take over as CEO on Sept. 1.

Tim Cook might be a household name today, but he was far from widely known when he took over as the head of Apple. The stock immediately fell 5% upon news of Jobs' resignation. But if you had bought Apple stock when others were selling, you'd have made an incredible return over the last 15 years.

Apple CEO Tim Cook. Image source: Apple.

Here's how much $10,000 invested in Apple would be worth today Shares of Apple opened at just over $365 after the market digested the news of Jobs' resignation. A $10,000 investment would've bought you 27.4 shares at the market open (if your broker allowed fractional shares). Those 27.4 shares would become 766.9 shares after stock splits in 2014 and 2020, worth about $241,500 as of this writing. Cook initiated a dividend in 2012, returning some of Apple's ample free cash flow to shareholders every quarter. If you had reinvested your dividends back into Apple stock, you'd have closer to $289,500.

That's a phenomenal return, and it's owed in large part to Cook's operational excellence. Jobs handed Cook a strong product portfolio, and Cook ensured Apple could grow those products and expand the Apple ecosystem. Cook expanded iPhone availability to practically every carrier worldwide. He also oversaw the introduction and growth of Apple Watch and AirPods, which are a $36 billion business today. And he took Apple's services segment from a $3 billion business to a $120 billion profit center.

Today's Change

(

0.29

%) $

0.92

Current Price

$

313.33

Cook leaves Apple in a good position. Sales are growing quickly, driven by strong iPhone demand. Investors expect strong results in the fourth and first quarters, driven by demand from the company's long-awaited Siri revamp. Its new low-end Macbook Neo is helping produce excellent results for the Mac segment.

Ternus will be tasked with bringing Apple fully into the AI era. Apple is committed to maintaining user privacy by conducting as much AI processing on-device as possible. It also signed a deal for custom AI accelerator chips with Broadcom through 2031. Building out Apple's AI capabilities could be the biggest first task for Ternus, and it remains a huge opportunity for the company.

While investors are unlikely to turn another $10,000 investment into $289,500 over the next 15 years, the stock can continue to produce strong returns even after Cook steps down as CEO.

A man wearing a yellow protective helmet walks next to a production facility of China's top memory chipmaker CXMT with company’s logo on the facade, in Beijing, China, July 29, 2026.... Purchase Licensing Rights, opens new tab Read more

Aug 9 (Reuters) - Apple (AAPL.O), opens new tab has been testing ​memory chips from China's CXMT (688825.SS), opens new tab across ‌product lines including iPhones and MacBooks, to mitigate a component shortage fueled by ​the AI boom, the Wall ​Street Journal reported on Sunday.

Apple held ⁠early talks with CXMT, which ​is China's largest chipmaker by market ​value, about supplying components with the goal of using them in some devices sold ​in China, the report said, ​citing people familiar with the matter.

Get a daily digest of breaking business news straight to your inbox with the Reuters Business newsletter. Sign up here.

Reuters could not ‌immediately ⁠verify the report. Apple and CXMT did not respond to Reuters' requests for comment.

Reuters had earlier exclusively ​reported that ​CXMT was ⁠considering building a second memory-chip plant in Beijing to ​boost production.

Laptop makers HP (HPQ.N), opens new tab and ​Acer (2353.TW), opens new tab ⁠have started using CXMT memory chips in devices sold outside the U.S. ⁠to ​ease supply shortages, the ​newspaper said.

Reporting by Shivani Tanna in Bengaluru; Editing ​by Alexander Smith and Barbara Lewis

Our Standards: The Thomson Reuters Trust Principles., opens new tab

Apple (AAPL +0.29%) is worth about $4.54 trillion, up 51% over the past year -- a gain of more than $1.5 trillion.

For scale, the whole company was worth about $580 billion a decade ago. In other words, the value Apple added in the past 12 months is more than two and a half times the value of the entire business in August 2016.

Numbers like that make the long view worth taking. So, what did the past decade actually pay an investor who bought and held -- and how much of the gain came from the business itself, versus the market simply paying more for the same earnings?

The split matters, because one of those two drivers can repeat. The other probably can't.

Image source: Apple.

What $10,000 became In August 2016, Apple shares traded at about $27, adjusted for the company's 2020 stock split. As of this writing, the stock sits at about $311, an 11.5-fold increase. That move alone turns a $10,000 investment into about $115,000. Reinvested dividends push the total to about $126,000, or about 12.6 times the original stake.

The dividend's small role is its own lesson. Apple's payout is about twice what it was then on a split-adjusted basis, and a share bought in 2016 has returned a meaningful chunk of its original cost in cash.

However, the stock rose so much faster than the payout grew that the yield shrank from about 2% then to 0.35% today, on an annual dividend of $1.08 per share. The gain came almost entirely from the share price, not the income.

Where the gain came from Two things produced the 11.5-fold move: earnings growth and a bigger multiple on those earnings. Both did heavy work.

The earnings growth was the larger contributor. In fiscal 2016, Apple earned $8.31 per share ($2.08 adjusted for the split) on revenue of $215.6 billion and net income of $45.7 billion. Over the trailing 12 months, earnings per share reached $8.72, about a fourfold increase.

And it took more than product sales to get there. Apple retired about a third of its shares over the decade, from nearly 22 billion split-adjusted shares to about 14.6 billion, so each remaining share claims a bigger slice of the profits. The high-margin services business helped, too. The company's gross margin reached 50.1% in its most recent quarter.

To me, the buyback is the underappreciated part of the decade. It explains a quirk in the numbers. Apple's market value grew about eightfold over the stretch, from $580 billion to $4.54 trillion, while the share price grew 11.5-fold. The difference is the shrinking share count.

The other factor is the valuation multiple. In August 2016, the market paid about 13 times earnings for Apple. Today it pays about 36 times. That near-tripling, stacked on the fourfold earnings growth, accounts for essentially the entire 11.5-fold move.

And that's the uncomfortable half of an otherwise happy exercise. Thirteen times earnings was the price of a company the market saw as a maturing hardware maker. Thirty-six times prices Apple as something far more durable. The multiple arguably can't triple again. From today's level, that would mean more than 100 times earnings.

So, if the next decade is going to reward shareholders, the business has to do nearly all the rewarding.

Today's Change

(

0.29

%) $

0.92

Current Price

$

313.33

To the company's credit, the earnings side looks healthy. Apple's fiscal third quarter of 2026 (the period ended June 27), reported in late July, was its best June quarter ever -- and Tim Cook's last full one as CEO before he hands the job to John Ternus on Sept. 1. Revenue rose 16% year over year to $109.4 billion, and earnings per share climbed 29% to $2.02, a figure that included an $0.11 benefit from tariff refunds. Even excluding that item, earnings grew about 22%. The company also said its installed base of active devices reached another all-time high.

Sure, none of this gets easier at Apple's size. Apple's annual revenue has nearly doubled over the decade to more than $400 billion, and growing earnings by double digits from that base is a taller order than it was in 2016.

Ultimately, I'd still keep owning Apple. It remains a high-quality business with unusual staying power, and I think artificial intelligence (AI) features spread across its enormous installed base could drive years of device upgrades.

But I'd own it with this decade's math in mind. That 12.6-fold gain came with a tripling multiple attached, and the next stretch has to be earned by earnings. If it is, the stock can still do well from here. But I certainly wouldn't count on $10,000 becoming $126,000 again.

Posted by Defense World Staff on Aug 8th, 2026

Arvest Bank Trust Division boosted its holdings in Apple Inc. (NASDAQ:AAPL – Free Report) by 6.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 185,562 shares of the iPhone maker’s stock after buying an additional 11,460 shares during the period. Apple accounts for approximately 2.6% of Arvest Bank Trust Division’s holdings, making the stock its 10th largest holding. Arvest Bank Trust Division’s holdings in Apple were worth $47,094,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Alpha Financial Partners LLC increased its stake in shares of Apple by 5.4% during the 1st quarter. Alpha Financial Partners LLC now owns 7,747 shares of the iPhone maker’s stock valued at $1,966,000 after acquiring an additional 394 shares during the last quarter. Summitas Investment Management LLC purchased a new stake in Apple in the first quarter valued at approximately $1,793,000. Alesco Advisors LLC An ESL Co grew its holdings in Apple by 19.0% in the first quarter. Alesco Advisors LLC An ESL Co now owns 36,233 shares of the iPhone maker’s stock valued at $9,196,000 after purchasing an additional 5,774 shares during the period. Acumen Wealth Advisors LLC increased its position in Apple by 11.6% during the first quarter. Acumen Wealth Advisors LLC now owns 50,843 shares of the iPhone maker’s stock worth $12,904,000 after purchasing an additional 5,280 shares during the last quarter. Finally, First Trust Advisors LP increased its position in Apple by 20.9% during the first quarter. First Trust Advisors LP now owns 5,213,875 shares of the iPhone maker’s stock worth $1,323,229,000 after purchasing an additional 900,803 shares during the last quarter. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Apple Price Performance AAPL stock opened at $313.33 on Friday. The company has a quick ratio of 0.93, a current ratio of 1.00 and a debt-to-equity ratio of 0.66. Apple Inc. has a 52-week low of $219.25 and a 52-week high of $344.57. The stock’s 50 day moving average is $309.45 and its two-hundred day moving average is $283.23. The company has a market capitalization of $4.57 trillion, a PE ratio of 35.93, a P/E/G ratio of 2.68 and a beta of 1.09.

Apple (NASDAQ:AAPL – Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share for the quarter, topping analysts’ consensus estimates of $1.89 by $0.13. The business had revenue of $109.42 billion during the quarter, compared to the consensus estimate of $109.04 billion. Apple had a net margin of 27.62% and a return on equity of 135.46%. The business’s quarterly revenue was up 16.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.57 earnings per share. Analysts predict that Apple Inc. will post 8.74 earnings per share for the current fiscal year.

Apple Announces Dividend The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 13th. Shareholders of record on Monday, August 10th will be issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend is Monday, August 10th. Apple’s dividend payout ratio (DPR) is currently 12.39%.

Wall Street Analysts Forecast Growth Several analysts have recently issued reports on AAPL shares. Morgan Stanley lowered their price objective on shares of Apple from $364.00 to $360.00 and set an “overweight” rating for the company in a research note on Friday, July 31st. Weiss Ratings upgraded Apple from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday. TD Cowen boosted their price target on Apple from $350.00 to $400.00 and gave the company a “buy” rating in a research report on Friday, July 31st. JPMorgan Chase & Co. dropped their price target on Apple from $345.00 to $340.00 and set an “overweight” rating for the company in a research note on Friday, July 31st. Finally, Bank of America restated a “buy” rating and issued a $380.00 price objective on shares of Apple in a report on Thursday, June 18th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $330.44.

View Our Latest Research Report on Apple

Insiders Place Their Bets In other news, insider Ben Borders sold 116 shares of the business’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $295.14, for a total value of $34,236.24. Following the completion of the sale, the insider owned 38,713 shares of the company’s stock, valued at approximately $11,425,754.82. The trade was a 0.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 0.06% of the stock is currently owned by corporate insiders.

Apple News Roundup Here are the key news stories impacting Apple this week:

Positive Sentiment: Planned CEO transition appears orderly. Tim Cook will step down in September and be succeeded by longtime Apple executive John Ternus, a veteran with experience dating back to the Steve Jobs era. Cook’s endorsement and Ternus’ familiarity with Apple’s products may reduce concerns about strategic disruption. Tim Cook Says There’s ‘No Better Person’ to Take Over at Apple Positive Sentiment: Core business momentum remains strong. Apple’s latest quarter exceeded earnings and revenue expectations, with revenue up roughly 16% year over year. Broad iPhone, Mac and Services demand continues to support the bullish case. Tim Cook’s Last Quarter as CEO Was Apple’s Best June Quarter Ever Positive Sentiment: App Store monetization is holding up. App Store revenue increased slightly despite a 4% decline in iPhone and iPad downloads, as revenue per download rose 4.7%. This suggests continued pricing and engagement resilience in a key Services business. Apple App Store Revenue Ticks Up Despite Falling Downloads Neutral Sentiment: OpenAI is seeking dismissal of Apple’s trade-secrets lawsuit. OpenAI denies misappropriating confidential information related to Apple’s consumer-hardware efforts. The filing does not resolve the dispute, leaving legal and competitive uncertainty in place. OpenAI Seeks Dismissal of Apple’s Trade Secrets Lawsuit Negative Sentiment: Near-term cost and growth pressures are weighing on sentiment. Rising memory prices, supply constraints and policy risks could pressure margins, while slower Services growth has prompted some firms to downgrade Apple to Hold or Moderate Sell. Apple’s Capex Strategy Worked But Other Pressures Are Mounting Negative Sentiment: Competition in emerging hardware is increasing. Samsung reported a 30% rise in foldable-device preorders, highlighting a market Apple has yet to enter. Investors may view future Apple foldables as an opportunity, but execution and timing remain uncertain. Samsung Foldable Preorders Jump 30% Apple Company Profile (Free Report)

Apple Inc (NASDAQ: AAPL) is a multinational technology company headquartered in Cupertino, California, founded in 1976 by Steve Jobs, Steve Wozniak and Ronald Wayne. The company designs, develops and sells consumer electronics, software and services. Over its history Apple has evolved from personal computers to a broad portfolio that spans mobile devices, wearables, home entertainment and digital services.

Apple’s principal hardware products include the iPhone smartphone, iPad tablet, Mac personal computers, Apple Watch wearable devices and a range of accessories such as AirPods and HomePod.

Featured Articles Five stocks we like better than Apple Datadog’s Drop Says More About Expectations Than Earnings D-Wave’s Quantum Breakthrough Couldn’t Save QBTS From a Sell-Off Cloudflare’s Beat-and-Raise Quarter Puts Its AI Edge Story in Focus Solventum Nears Inflection Point As It Begins to Unlock Value Want to see what other hedge funds are holding AAPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Apple Inc. (NASDAQ:AAPL – Free Report).

Receive News & Ratings for Apple Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apple and related companies with MarketBeat.com's FREE daily email newsletter.

« PREVIOUS HEADLINEEOG Resources, Inc. $EOG Shares Bought by Assenagon Asset Management S.A.

NEXT HEADLINE »NIKE, Inc. $NKE Shares Purchased by Assenagon Asset Management S.A.

Posted by Defense World Staff on Aug 8th, 2026

Chase Investment Counsel Corp lifted its stake in shares of Apple Inc. (NASDAQ:AAPL – Free Report) by 85.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,600 shares of the iPhone maker’s stock after purchasing an additional 2,120 shares during the period. Chase Investment Counsel Corp’s holdings in Apple were worth $1,167,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Norges Bank acquired a new stake in Apple during the fourth quarter worth $52,266,468,000. Nuveen LLC acquired a new position in shares of Apple in the first quarter valued at approximately $17,472,482,000. Cardano Risk Management B.V. raised its stake in shares of Apple by 890.7% in the fourth quarter. Cardano Risk Management B.V. now owns 41,984,810 shares of the iPhone maker’s stock valued at $11,413,990,000 after acquiring an additional 37,746,784 shares in the last quarter. Laurel Wealth Advisors LLC boosted its stake in shares of Apple by 20,464.8% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 27,069,029 shares of the iPhone maker’s stock valued at $5,553,753,000 after buying an additional 26,937,401 shares during the period. Finally, Vanguard Group Inc. grew its holdings in Apple by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 1,426,283,914 shares of the iPhone maker’s stock worth $387,749,545,000 after acquiring an additional 26,856,752 shares in the last quarter. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Insiders Place Their Bets In other Apple news, insider Ben Borders sold 116 shares of the business’s stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $295.14, for a total transaction of $34,236.24. Following the completion of the sale, the insider directly owned 38,713 shares in the company, valued at $11,425,754.82. The trade was a 0.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 0.06% of the stock is currently owned by company insiders.

Apple Price Performance Shares of NASDAQ:AAPL opened at $313.33 on Friday. Apple Inc. has a 52 week low of $219.25 and a 52 week high of $344.57. The business has a fifty day simple moving average of $309.45 and a 200-day simple moving average of $283.23. The company has a quick ratio of 0.93, a current ratio of 1.00 and a debt-to-equity ratio of 0.66. The company has a market cap of $4.57 trillion, a P/E ratio of 35.93, a P/E/G ratio of 2.68 and a beta of 1.09.

Apple (NASDAQ:AAPL – Get Free Report) last released its earnings results on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.89 by $0.13. The business had revenue of $109.42 billion for the quarter, compared to analysts’ expectations of $109.04 billion. Apple had a net margin of 27.62% and a return on equity of 135.46%. The company’s quarterly revenue was up 16.4% on a year-over-year basis. During the same period last year, the company earned $1.57 earnings per share. Equities research analysts forecast that Apple Inc. will post 8.74 EPS for the current year.

Apple Dividend Announcement The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 13th. Stockholders of record on Monday, August 10th will be paid a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend is Monday, August 10th. Apple’s payout ratio is currently 12.39%.

Analyst Upgrades and Downgrades Several brokerages have commented on AAPL. The Goldman Sachs Group reiterated a “buy” rating and issued a $360.00 price target (down from $370.00) on shares of Apple in a research note on Friday, July 31st. TD Cowen upped their price target on Apple from $350.00 to $400.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. BNP Paribas Exane raised Apple from a “neutral” rating to an “outperform” rating and set a $300.00 price objective on the stock in a report on Friday, April 17th. Weiss Ratings upgraded shares of Apple from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday. Finally, China Renaissance cut Apple from a “buy” rating to a “hold” rating and set a $280.00 price objective for the company. in a report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Apple presently has a consensus rating of “Moderate Buy” and a consensus price target of $330.44.

View Our Latest Research Report on AAPL

More Apple News Here are the key news stories impacting Apple this week:

Positive Sentiment: Planned CEO transition appears orderly. Tim Cook will step down in September and be succeeded by longtime Apple executive John Ternus, a veteran with experience dating back to the Steve Jobs era. Cook’s endorsement and Ternus’ familiarity with Apple’s products may reduce concerns about strategic disruption. Tim Cook Says There’s ‘No Better Person’ to Take Over at Apple Positive Sentiment: Core business momentum remains strong. Apple’s latest quarter exceeded earnings and revenue expectations, with revenue up roughly 16% year over year. Broad iPhone, Mac and Services demand continues to support the bullish case. Tim Cook’s Last Quarter as CEO Was Apple’s Best June Quarter Ever Positive Sentiment: App Store monetization is holding up. App Store revenue increased slightly despite a 4% decline in iPhone and iPad downloads, as revenue per download rose 4.7%. This suggests continued pricing and engagement resilience in a key Services business. Apple App Store Revenue Ticks Up Despite Falling Downloads Neutral Sentiment: OpenAI is seeking dismissal of Apple’s trade-secrets lawsuit. OpenAI denies misappropriating confidential information related to Apple’s consumer-hardware efforts. The filing does not resolve the dispute, leaving legal and competitive uncertainty in place. OpenAI Seeks Dismissal of Apple’s Trade Secrets Lawsuit Negative Sentiment: Near-term cost and growth pressures are weighing on sentiment. Rising memory prices, supply constraints and policy risks could pressure margins, while slower Services growth has prompted some firms to downgrade Apple to Hold or Moderate Sell. Apple’s Capex Strategy Worked But Other Pressures Are Mounting Negative Sentiment: Competition in emerging hardware is increasing. Samsung reported a 30% rise in foldable-device preorders, highlighting a market Apple has yet to enter. Investors may view future Apple foldables as an opportunity, but execution and timing remain uncertain. Samsung Foldable Preorders Jump 30% Apple Company Profile (Free Report)

Apple Inc (NASDAQ: AAPL) is a multinational technology company headquartered in Cupertino, California, founded in 1976 by Steve Jobs, Steve Wozniak and Ronald Wayne. The company designs, develops and sells consumer electronics, software and services. Over its history Apple has evolved from personal computers to a broad portfolio that spans mobile devices, wearables, home entertainment and digital services.

Apple’s principal hardware products include the iPhone smartphone, iPad tablet, Mac personal computers, Apple Watch wearable devices and a range of accessories such as AirPods and HomePod.

Recommended Stories Five stocks we like better than Apple Datadog’s Drop Says More About Expectations Than Earnings D-Wave’s Quantum Breakthrough Couldn’t Save QBTS From a Sell-Off Cloudflare’s Beat-and-Raise Quarter Puts Its AI Edge Story in Focus Solventum Nears Inflection Point As It Begins to Unlock Value

Receive News & Ratings for Apple Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apple and related companies with MarketBeat.com's FREE daily email newsletter.

« PREVIOUS HEADLINEApple Inc. $AAPL Stake Trimmed by CI Investments Inc.

NEXT HEADLINE »Pinterest, Inc. $PINS Shares Sold by Empowered Funds LLC

This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

The question deserves a direct answer: Apple is a great business, but a $400 price level by December is not what our model sees. Apple (NASDAQ:AAPL | AAPL Price Prediction) currently trades at $312.41, and our 24/7 Wall St. price target for the next 12 months sits at $359.28, implying roughly 15% of upside.

Our confidence level is 90%, and the action call is buy. The $400 handle is a 2028 story in our base case, not a 2026 one.

24/7 Wall St. Price Target Summary Metric Value Current Price $312.41 24/7 Wall St. Price Target $359.28 Upside 15% Recommendation BUY Confidence Level 90% A Pullback Inside a Powerful Run Apple has ripped from $212.40 a year ago to $312.41, a 47.08% one-year gain and 15.13% year-to-date. Shares are off 6.3% in the past week after tagging a 52-week high of $344.57.

The pullback followed a strong fiscal Q3 earnings report on July 30, 2026: revenue of $109.42 billion, up 16.4%, and EPS of $2.02 versus $1.89 expected, the ninth straight beat. iPhone revenue rose to $54.25 billion, and Services hit $30.74 billion.

A Reddit thread flagged $2.2 billion in tariff refunds, which added an estimated $0.11 to EPS and roughly two points of gross margin, so investors are right to discount some of the quarter as one-time.

The Case for a Breakout Above Our Target Bulls have real ammunition. iPhone is running at +21.7% growth for two consecutive quarters on the iPhone 17 cycle, and prediction markets put the odds of an iPhone 18 launch this year at 97%, with foldable iPhone probability at 86.5%.

Apple’s capex-to-revenue sits at roughly 1.8%, versus 37.5% at Alphabet, meaning free cash flow does not have to be sacrificed to AI infrastructure. Buybacks of $62.09 billion through nine months and a fresh $100 billion authorization are shrinking the share count aggressively. Our bull-case one-year finish is $374.90, a 20% total return.

What Could Go Wrong The bear case starts with valuation. Apple trades at 35x trailing and 32x forward earnings with a PEG of 2.457. Reddit surfaced a report that memory supplier CXMT rebuffed Apple’s price-cut demand, hinting at margin risk if suppliers regain leverage.

_________________________________

What's Your Number...?Here's a question most people 5y from retirement can't answer: at your current savings rate, how much do you need, and how long will it actually last? A good advisor can put a date on that in a single meeting. SmartAsset's free quiz matches you with up to three fiduciary advisors serving your area, so you can get YOUR retirement number now (sponsor)

__________________________________________

Insider activity has been net selling, and prediction markets assign only a 0.6% probability to a $384 level in August, let alone $400. Our bear-case one-year target is $310.46. Elevated R&D, which jumped to $11.73 billion from $8.9 billion, represents purposeful investment in Siri AI and future product lines.

How Apple Compares to Microsoft and Alphabet Microsoft (NASDAQ:MSFT) is the closest quality comp on scale and Services-like recurring revenue. Microsoft trades at a P/E of 28 with a 46.8% operating margin, versus Apple’s 32%. Microsoft’s premium reflects 43% Azure growth. On that basis, Apple’s 32x forward multiple looks defensible but not cheap.

Alphabet (NASDAQ:GOOGL) is the valuation counterpoint. Alphabet trades at just 16x earnings despite 24.2% revenue growth and 82% Google Cloud growth. Bears will argue Apple should not trade at more than double Alphabet’s multiple with slower top-line growth. On this comparison, our $359 target looks reasonable, and a $400 level would push Apple to a valuation the peer group does not support.

Apple Price Prediction 2026-2030 The 24/7 Wall St. price target of $359.28 with 90% confidence and a buy rating is the verdict. The tie-breaker is quality of earnings: nine consecutive beats, expanding Services, and a fortress balance sheet.

The setup looks constructive if Apple holds the $309 50-day moving average and iPhone 18 ships on schedule. The thesis weakens if margin pressure from suppliers combines with a China slowdown into the December quarter. $400 this year is unlikely. $400 by 2028 is very much on the table.

Here is where our model projects Apple could trade, assuming current growth trajectories hold.

Year 24/7 Wall St. Price Target 2026 $325 2027 $359 2028 $400 2029 $445 2030 $493 These projections assume Apple continues executing on iPhone, Services, and Siri AI. Meaningful upside or downside could come from a foldable iPhone hit or an escalation of the China tariff picture.

If You’ve Been Thinking About Retirement, Pay Attention (sponsor) Retirement planning doesn’t have to feel overwhelming. The key is finding expert guidance, and SmartAsset’s simple quiz makes it easier than ever for you to connect with a vetted financial advisor. Here’s how:

Answer a Few Simple Questions. 

Get Matched with Vetted Advisors 

Choose Your  Fit 

Why wait? Start building the retirement you’ve always dreamed of. Get started today! (sponsor)  

Contact [email protected] for any questions or corrections.

At $312.41, Apple (NASDAQ:AAPL | AAPL Price Prediction) is a Hold. The stock dropped 6.3% in a week while the S&P 500 climbed, and the reason matters more than the move itself.

Apple remains the world’s most profitable consumer hardware and services franchise, with a $4.54 trillion market cap and 2.5 billion active devices. Fiscal Q3 delivered $109.417 billion in revenue, up 16.36% year over year, with EPS of $2.02. The stock filed at $340 and dropped nearly 8% within an hour.

The setup is unusual. Headline numbers were excellent, capex paid off, yet the market flinched at what lay underneath.

Why the Post-Earnings Drop Looks Like a Gift Bulls argue this is a rare entry point in a franchise that almost never goes on sale. Every geographic segment posted double-digit growth, iPhone revenue jumped to $54.252 billion from $44.58 billion, and Services expanded to $30.739 billion. Operating income grew 26.57%, well ahead of revenue.

Capital return remains enormous, with $62.094 billion in nine-month buybacks and a fresh $100 billion authorization. Prediction markets assign a 97% probability to an iPhone 18 launch this year and 85.5% odds on a foldable iPhone before 2027.

Why the Underlying Report Was Softer Than It Looked Bears have a cleaner story. Tariff refunds added roughly 2 percentage points to gross margin and $0.11 to EPS, a one-time boost that will not repeat. Services grew 12.1% year over year but missed the $31.2 billion consensus, a soft spot in Apple’s highest-margin business.

Supply chain leverage is shifting the wrong way. Reddit’s dominant post-earnings narrative pivoted to CXMT refusing Apple’s price-cut demand as Huawei and Xiaomi hand it rare leverage, and a global DRAM and NAND crunch is pushing input costs higher. R&D surged to $11.73 billion from $8.9 billion, with no visible payoff yet on Apple Intelligence.

At a trailing P/E of 35 and forward P/E near 32, the multiple assumes flawless execution.

Why Neither Side Has Closed the Case The fundamentals are too strong for a Sell and the setup too crowded for a Buy. iPhone demand is real, Services is decelerating but still growing, and buybacks provide a floor. The one-time tariff benefit and DRAM cost pressure will both become visible next quarter, when the real underlying margin picture emerges.

Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Apple didn't make the cut. Grab the names FREE today.

Watch three things over the next two quarters: Services growth reacceleration, gross margin without tariff help, and whether the foldable iPhone and Siri AI rollouts land. Until then, risk and reward look balanced.

What the Numbers Actually Say Apple trades at $312.41, against an analyst consensus target of $324.01, implying modest single-digit upside. Coverage is broad, with 46 analysts tracked and a rating split of 6 Strong Buy, 22 Buy, 14 Hold, 2 Sell, and 2 Strong Sell.

Over the past week, Apple fell 6.3% while the S&P 500 rose 3.62%. Year to date, Apple is up 15.13% versus 12.71% for the index, and one-year returns are 47.08% versus 21.46%.

Why Patience Beats Conviction at This Price At $312.41, Apple is a Hold.

The bull thesis needs Services to reaccelerate and Apple Intelligence to become a demonstrable differentiator. The bear thesis needs gross margins to compress once tariff refunds fade and memory costs bite. Both catalysts land in the same window, likely the September quarter and December holiday earnings report, and neither is knowable today.

Buying here pays a premium for a franchise whose highest-margin segment just missed and whose supplier leverage is deteriorating. Selling ignores 32 times forward earnings in fresh buyback authorization, an iPhone 18 launch the crowd puts at 97% odds, and a foldable device pipeline the market largely believes in.

Invalidation signals are specific. A clean Services beat above $100 billion next quarter or gross margins holding above 46% without tariff help would tip this toward Buy. Services below 10% growth or margins slipping into the low-44% range would tip it toward Sell. Neither has happened.

Waiting is the right call because the next earnings report will resolve the exact ambiguity that made this one so hard to trust.

Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Apple didn't make the cut. Grab the names FREE today.

Contact [email protected] for any questions or corrections.

10.52K Followers

Analyst’s Disclosure: I/we have a beneficial long position in the shares of GOOG, META, MSFT either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Bohdan Kucheriavyi is not a financial/investment advisor, broker, or dealer. He's solely sharing personal experience and opinion; therefore, all strategies, tips, suggestions, and recommendations shared are solely for informational purposes. There are risks associated with investing in securities. Investing in stocks, bonds, options, exchange-traded funds, mutual funds, and money market funds involves the risk of loss. Loss of principal is possible. Some high-risk investments may use leverage, which will accentuate gains & losses. Foreign investing involves special risks, including greater volatility and political, economic, and currency risks and differences in accounting methods. A security’s or a firm’s past investment performance is not a guarantee or predictor of future investment performance.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

By PYMNTS  |  August 6, 2026

 | 

OpenAI asked a judge to dismiss Apple’s lawsuit accusing the company of stealing trade secrets.

The artificial intelligence startup said Apple’s claims have no merit, and its lawsuit falsely portrays its employees’ actions, according to documents filed Wednesday (Aug. 5) by OpenAI in federal court.

“Apple built its reputation by paying close attention to the smallest details,” the filing said. “This lawsuit does the opposite. Plainly filed without adequate investigation and built on selectively excerpted communications and ordinary conduct stripped of context, Apple’s complaint is—to borrow its own phrase—‘rotten to its core.’”

OpenAI Chief Hardware Officer Tang Tan was acting in accordance with industry recruiting standards when interviewing Apple employees, according to the filing. OpenAI technical staff member Chang Liu, who was accused of theft, was trying to help a former colleague at Apple, and not—as the iPhone maker alleged—attempting to purloin trade secrets.

“Apple should not be permitted to use a baseless and pretextual lawsuit to make up for its shortcomings in the market for talent and retaining its employees, and its failures to integrate AI into its products,” OpenAI’s filing said.

Apple did not reply to PYMNTS’ request for comment.

Apple filed its lawsuit last month, alleging that Tan and Liu stole trade secrets to support the development of devices at OpenAI.

The suit alleged Tan emailed himself information about Apple’s suppliers and asked Apple employees to bring parts with them when interviewing for jobs with OpenAI. Apple also claimed Liu downloaded confidential files from Apple’s network and instructed an Apple employee how to copy confidential files.

Apple said in the suit that it doesn’t know what OpenAI did with the information but alleged that “at every level, from members of its Technical Staff to its Chief Hardware Officer, and in coordination with business partners, OpenAI has been stealing Apple’s trade secrets and confidential information.”

Days after the suit was filed, the Financial Times reported that Apple sent letters to around 40 ex-employees now working for OpenAI, demanding they preserve documents and communications and meet with Apple attorneys. Roughly 400 former Apple employees now work at OpenAI.

For all PYMNTS AI coverage, subscribe to the daily AI Newsletter.

OpenAI CEO Sam Altman. Mandel NGAN / AFP via Getty Images OpenAI is turning up the sass on Apple.

The ChatGPT maker said in a court filing this week that Apple's lawsuit accusing it of stealing trade secrets amounted to sour grapes after it fell behind in the AI talent war.

"Apple should not be permitted to use a baseless and pretextual lawsuit to make up for its shortcomings in the market for talent and retaining its employees," OpenAI said in the filing, in which it asks a judge to dismiss Apple's suit.

Big Tech companies have fought each other for talent over the last couple of years, offering staggering wages and other benefits in efforts to poach a limited pool of top engineers from rivals.

Meta, for example, has managed to steal some of OpenAI's top researchers. It lured Shengjia Zhao, the cocreator of ChatGPT, last year. Meta also hired away Alexandr Wang to lead its superintelligence team by buying the company he started, Scale AI, for $15 billion.

In its lawsuit, Apple said the total number of Apple alums now working at OpenAI exceeds 400.

Apple sued OpenAI in July, alleging the ChatGPT maker benefited from trade secrets stolen by former Apple employees hired away by OpenAI. The lawsuit alleges, among other things, that Chang Liu, a veteran Apple engineer, improperly retained and accessed confidential company information after leaving for the AI lab in January.

In OpenAI's latest filing, the company said it's common practice to recruit top talent from Apple and other companies.

"OpenAI does have an interest in hiring the best engineers, inventors, developers and creators — many of whom have decided to leave Apple and to come to OpenAI, attracted by the innovative and exciting work the company is doing," the AI startup said in the filing.

An Apple spokesperson told Business Insider in a statement Thursday that "significant evidence has emerged suggesting individuals employed by OpenAI wrongfully took Apple's secret and confidential information regarding our unreleased technologies."

Apple has not yet filed a response in court to OpenAI's filing, and a judge has not ruled on the request for a dismissal. In a blog post on Monday, OpenAI said, "We do not have, nor want, any of their trade secrets."

Read next

Truman Dickerson is the Weekend News Fellow at Business Insider, based in New York City. He covers trending tech and business news. He previously reported for The Boston Globe's Express Desk. He graduated from Boston University, where he served as editor in chief of The Daily Free Press, BU's student-run newspaper.Contact him at [email protected]

OpenAI Apple

Posted by Defense World Staff on Aug 6th, 2026

Commonwealth Financial Services LLC lifted its holdings in shares of Apple Inc. (NASDAQ:AAPL – Free Report) by 12.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 25,018 shares of the iPhone maker’s stock after acquiring an additional 2,750 shares during the quarter. Apple accounts for about 1.0% of Commonwealth Financial Services LLC’s holdings, making the stock its 27th largest position. Commonwealth Financial Services LLC’s holdings in Apple were worth $6,349,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of AAPL. First National Bank of Hutchinson raised its stake in shares of Apple by 24.6% during the 4th quarter. First National Bank of Hutchinson now owns 35,319 shares of the iPhone maker’s stock worth $8,845,000 after purchasing an additional 6,982 shares during the period. Eagle Capital Management LLC boosted its holdings in shares of Apple by 0.5% in the 4th quarter. Eagle Capital Management LLC now owns 54,085 shares of the iPhone maker’s stock worth $13,544,000 after buying an additional 272 shares during the last quarter. Brighton Jones LLC grew its position in Apple by 14.8% during the fourth quarter. Brighton Jones LLC now owns 537,314 shares of the iPhone maker’s stock valued at $134,554,000 after buying an additional 69,207 shares during the period. Revolve Wealth Partners LLC grew its position in Apple by 4.2% during the fourth quarter. Revolve Wealth Partners LLC now owns 66,857 shares of the iPhone maker’s stock valued at $16,742,000 after buying an additional 2,695 shares during the period. Finally, Highview Capital Management LLC DE increased its holdings in Apple by 2.4% during the fourth quarter. Highview Capital Management LLC DE now owns 50,264 shares of the iPhone maker’s stock worth $12,587,000 after buying an additional 1,155 shares during the last quarter. 67.73% of the stock is currently owned by institutional investors.

Apple Price Performance NASDAQ AAPL opened at $311.00 on Thursday. The company has a quick ratio of 0.93, a current ratio of 1.00 and a debt-to-equity ratio of 0.66. The company has a market cap of $4.54 trillion, a PE ratio of 35.67, a price-to-earnings-growth ratio of 2.66 and a beta of 1.09. Apple Inc. has a 52 week low of $205.59 and a 52 week high of $344.57. The firm’s 50-day simple moving average is $309.43 and its two-hundred day simple moving average is $282.62.

Apple (NASDAQ:AAPL – Get Free Report) last posted its earnings results on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share for the quarter, topping the consensus estimate of $1.89 by $0.13. Apple had a net margin of 27.62% and a return on equity of 135.46%. The firm had revenue of $109.42 billion during the quarter, compared to the consensus estimate of $109.04 billion. During the same quarter last year, the company earned $1.57 earnings per share. The company’s revenue was up 16.4% on a year-over-year basis. Research analysts predict that Apple Inc. will post 8.74 earnings per share for the current year.

Apple Dividend Announcement The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 13th. Investors of record on Monday, August 10th will be paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date is Monday, August 10th. Apple’s payout ratio is currently 12.39%.

Insiders Place Their Bets In other Apple news, insider Ben Borders sold 1,274 shares of the business’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $290.00, for a total transaction of $369,460.00. Following the sale, the insider owned 38,713 shares of the company’s stock, valued at $11,226,770. The trade was a 3.19% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.06% of the company’s stock.

Analysts Set New Price Targets Several brokerages have commented on AAPL. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $350.00 price objective (up from $310.00) on shares of Apple in a research report on Friday, July 31st. Wedbush reissued an “outperform” rating and set a $400.00 target price on shares of Apple in a research report on Friday, June 5th. JPMorgan Chase & Co. decreased their price target on shares of Apple from $345.00 to $340.00 and set an “overweight” rating for the company in a research note on Friday, July 31st. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Apple in a report on Monday, June 8th. Finally, China Renaissance downgraded Apple from a “buy” rating to a “hold” rating and set a $280.00 price objective on the stock. in a research note on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, Apple has a consensus rating of “Moderate Buy” and an average target price of $330.44.

View Our Latest Stock Report on Apple

Key Stories Impacting Apple Here are the key news stories impacting Apple this week:

Positive Sentiment: Strong iPhone demand supports the recovery. Apple’s fiscal third-quarter revenue reached a June-quarter record of $109.4 billion, while external data indicate quarterly iPhone sales were stronger than headline disclosures suggested. India sales reportedly exceeded $10 billion, highlighting potential for further geographic growth. Apple’s Quarterly iPhone Sales Were Even Better Than They Seem Positive Sentiment: Some analysts and commentators view the selloff as excessive. Bullish coverage points to Apple’s ecosystem, balance sheet, recurring services revenue and long-term ability to benefit from artificial intelligence, while CNBC commentators recommended remaining long AAPL. Apple’s Selloff Is Overdone Neutral Sentiment: Apple is preparing for a leadership transition. Tim Cook’s final quarter as CEO was a record June quarter, but John Ternus now inherits questions about AI execution, product innovation and growth. September product rumors, including a possible foldable iPhone, could provide a future catalyst but remain unconfirmed. Tim Cook’s Last Quarter as CEO Was Apple’s Best June Quarter Ever Neutral Sentiment: Apple’s legal battle with OpenAI is escalating. Apple is seeking an injunction over alleged trade-secret misuse, while OpenAI has publicly challenged Apple’s claims. The dispute may protect Apple’s technology but also introduces legal and strategic uncertainty around AI hardware plans. Apple Seeks Preliminary Injunction Against OpenAI Negative Sentiment: Cost pressures and cautious guidance remain the main overhangs. Reports say memory prices are expected to rise, potentially compressing margins and increasing iPhone costs. Analysts including DZ Bank, China Renaissance and Phillip Securities downgraded AAPL, citing persistent component inflation, slower Services growth and an unclear AI payoff. AAPL Downgrades as Wall Street Sees Memory Inflation Pressures Persisting Negative Sentiment: Valuation leaves little room for disappointment. Despite an earnings beat, AAPL trades at a premium multiple, while Services growth slowed and guidance raised concerns that near-term earnings may not justify the valuation. Google’s expected Pixel Tag could also create incremental competition for AirTag, though the financial impact is likely limited. Apple: A Price That Leaves Nothing for the Buyer Apple Company Profile (Free Report)

Apple Inc (NASDAQ: AAPL) is a multinational technology company headquartered in Cupertino, California, founded in 1976 by Steve Jobs, Steve Wozniak and Ronald Wayne. The company designs, develops and sells consumer electronics, software and services. Over its history Apple has evolved from personal computers to a broad portfolio that spans mobile devices, wearables, home entertainment and digital services.

Apple’s principal hardware products include the iPhone smartphone, iPad tablet, Mac personal computers, Apple Watch wearable devices and a range of accessories such as AirPods and HomePod.

Featured Stories Five stocks we like better than Apple SpaceX: Love the Company, But the Stock Is a Harder Call Ulta’s Growth Is Real, But So Are the Risks BWX Technologies Is Turning the AI Power Problem Into a Nuclear Growth Story Meta’s Earnings Drop Shows Wall Street Wants More Than Ad Growth Want to see what other hedge funds are holding AAPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Apple Inc. (NASDAQ:AAPL – Free Report).

Receive News & Ratings for Apple Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apple and related companies with MarketBeat.com's FREE daily email newsletter.

« PREVIOUS HEADLINEApple Inc. $AAPL Shares Sold by Beta Wealth Group Inc.

OpenAI asked a U.S. judge on Wednesday to dismiss Apple's lawsuit ​accusing it and two former ‌Apple employees of misappropriating the iPhone maker's trade secrets to benefit the ChatGPT maker's ​foray into consumer hardware.

Výraz Mag7 popisující sedmičku oblíbených velkých technologických společností se stále intenzivně používá. Je ale podle mě vysoce pravděpodobné, že jednou to s ním bude třeba jako s dnes už v podstatě zapomenutou skupinou BRIC. První fází tohoto odchodu z prémiové pozice by mohly být valuace. Dnes o nich právě z pohledu „prémiové“ a většinové skupiny, k tomu pár úvah o dalším pokračování současného valuačního cyklu.

Největších pět firem v indexu S&P 500 nyní představuje NVIDIA, Apple, Microsoft, Amazon a Alphabet. V roce 2000 to byly General Electric, Microsoft, Cisco Systems, Walmart a ExxonMobil. To samo o sobě ukazuje, jak mohutné jsou posuny z prémiových pozic. A uvádím to i jako úvod k následujícímu grafu. Ten ukazuje, jak se vyvíjel poměr cen akcií k ziskům u pětky největších společností na trhu a u zbylých 495 akcií. Celkově tu vidíme dva cykly, kdy rostou valuace na celém trhu a zároveň se největší akcie svým PE odtrhávají od zbytku trhu. Pak se zase tato mezera uzavírá. Nyní jsme právě v této fázi, předchozí valuační mezera nyní v podstatě vymizela:

Zdroj: X

PE největších firem v tomto druhém cyklu nedosáhlo na maxima z vrcholu technologické bubliny. Ovšem valuace zbytku trhu, tedy bezpochyby také řady velmi zajímavých společností „Mag495“, se ale v současném cyklu dostaly v podstatě na podobné úrovně, jako tehdy. U podobných časových srovnání PE je ale dobré si občas připomenout, že mohou porovnávat hrušky s jablky. V tom smyslu, že do valuací se významnou měrou promítají bezrizikové sazby, hlavně zřejmě výnosy desetiletých vládních dluhopisů.

Dejme tedy tomu, že trh má nyní podobné valuace, jako před čtvrt stoletím. Kdyby ale byly dnešní bezrizikové sazby třeba poloviční, než tehdy, znamená to, že současný optimismus na trhu je znatelně menší, než tehdy. Současnému PE by totiž na podobné úrovně jako před 25 lety mnohem více pomáhaly bezrizikové sazby. Tehdy by zase mnohem větší „práci“ musel dělat optimismus. Jak je to ale konkrétně? Následující graf ukazuje, že nyní se výnosy desetiletých obligací pohybují pod 5 %, do roku 2000 k této úrovni mířily shora:

Zdroj: X

Pokud tedy dáme stranou možný psychologický efekt z toho, že tehdy šly výnosy k 5 % směrem odshora a nyní to je odspoda, tak v bezrizikových sazbách nějaký masívní rozdíl nenajdeme. Takže ve výše uvedené logice to znamená, že (i) nyní u pěti největších společností na trhu panuje výrazně menší optimismus, než před cca 25 lety. A (ii) u Mag495 je optimismus stejný, jako tehdy. Optimismem přitom myslím kombinovaný efekt rizikových prémií a očekávaného dlouhodobého růstu zisků a hlavně volného toku hotovosti.

Pokud by se nyní celý cyklus rýmoval s tím předchozím, začaly by nyní klesat i valuace Mag495 a dál by klesalo i PE velké pětky. K tomu bych připomněl, že PE může klesat méně příjemným způsobem, tedy přes pokles čitatele (tedy ceny akcií). Nebo příjemným způsobem, přes růst jmenovatele, tedy zisky (a samozřejmě je tu celá škála kombinací). K tomu si vezměme třeba následující kalkulaci:

Dejme tomu, že nějaké udržitelné, či v cyklu průměrné PE trhu je kolem 16 (viz první graf). Nyní se pohybuje kolem 20. Dejme tomu, že požadovaná návratnost je nyní u amerických akcií 4,7 % bezrizikových sazeb plus 3 % riziková prémie. Tedy asi 8 %. Takže v ideálním scénáři chceme, aby PE korigovalo k 16 a P zároveň rostlo ročně o 8 %.

V pětiletém horizontu bychom toho na základě jednoduché kalkulace dosáhli, kdyby zisky obchodovaných společností rostly o 13 %. A shodou okolností jsem tu včera psal, že pětiletá očekávání pomyslného konsenzu jsou nyní podle dat Yardeni Research na 25 %. Tedy téměř na dvojnásobku. Ovšem téměř stoleté zkušenosti ukazují, že průměrný růst zisků je mezi 6 – 7 % ročně. Tedy na cca polovině oněch 13 %.

Posted by Defense World Staff on Aug 5th, 2026

Dimensional Fund Advisors LP grew its holdings in Apple Inc. (NASDAQ:AAPL – Free Report) by 1.7% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 58,554,032 shares of the iPhone maker’s stock after purchasing an additional 979,832 shares during the period. Apple comprises approximately 3.1% of Dimensional Fund Advisors LP’s investment portfolio, making the stock its 2nd biggest holding. Dimensional Fund Advisors LP owned approximately 0.40% of Apple worth $14,858,200,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Human Investing LLC raised its stake in Apple by 1.5% in the first quarter. Human Investing LLC now owns 17,203 shares of the iPhone maker’s stock valued at $4,366,000 after buying an additional 255 shares during the period. Parallel Advisors LLC lifted its stake in shares of Apple by 1.6% during the 1st quarter. Parallel Advisors LLC now owns 1,003,424 shares of the iPhone maker’s stock worth $254,659,000 after buying an additional 15,354 shares during the last quarter. Resolute Wealth Strategies LLC boosted its holdings in shares of Apple by 1.7% during the 1st quarter. Resolute Wealth Strategies LLC now owns 128,935 shares of the iPhone maker’s stock worth $32,723,000 after buying an additional 2,131 shares during the period. Planning Alternatives Ltd. ADV boosted its holdings in shares of Apple by 6.3% during the 1st quarter. Planning Alternatives Ltd. ADV now owns 65,180 shares of the iPhone maker’s stock worth $16,542,000 after buying an additional 3,851 shares during the period. Finally, Broderick Brian C increased its stake in shares of Apple by 4.1% during the first quarter. Broderick Brian C now owns 117,248 shares of the iPhone maker’s stock worth $29,756,000 after purchasing an additional 4,625 shares during the period. 67.73% of the stock is owned by institutional investors.

Insider Transactions at Apple In other Apple news, insider Ben Borders sold 1,274 shares of the stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $290.00, for a total value of $369,460.00. Following the completion of the transaction, the insider directly owned 38,713 shares in the company, valued at approximately $11,226,770. This trade represents a 3.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.06% of the stock is currently owned by insiders.

Apple Stock Up 2.0% Shares of NASDAQ AAPL opened at $309.46 on Wednesday. The company has a market cap of $4.52 trillion, a price-to-earnings ratio of 35.49, a PEG ratio of 2.60 and a beta of 1.09. The company has a current ratio of 1.00, a quick ratio of 0.93 and a debt-to-equity ratio of 0.66. Apple Inc. has a 12 month low of $202.16 and a 12 month high of $344.57. The stock has a 50-day moving average price of $309.42 and a two-hundred day moving average price of $282.24.

Apple (NASDAQ:AAPL – Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.89 by $0.13. The company had revenue of $109.42 billion for the quarter, compared to analyst estimates of $109.04 billion. Apple had a net margin of 27.62% and a return on equity of 135.46%. The firm’s revenue was up 16.4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.57 EPS. As a group, analysts forecast that Apple Inc. will post 8.76 earnings per share for the current fiscal year.

Apple Dividend Announcement The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 13th. Investors of record on Monday, August 10th will be given a dividend of $0.27 per share. The ex-dividend date is Monday, August 10th. This represents a $1.08 dividend on an annualized basis and a yield of 0.3%. Apple’s payout ratio is currently 12.39%.

Wall Street Analysts Forecast Growth AAPL has been the subject of a number of research reports. Bank of America reissued a “buy” rating and set a $380.00 target price on shares of Apple in a report on Thursday, June 18th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $360.00 target price (down from $370.00) on shares of Apple in a report on Friday. JPMorgan Chase & Co. reduced their price target on Apple from $345.00 to $340.00 and set an “overweight” rating on the stock in a research report on Friday, July 31st. Tigress Financial reaffirmed a “strong-buy” rating and issued a $375.00 price objective (up from $305.00) on shares of Apple in a report on Thursday, May 14th. Finally, KeyCorp restated an “underweight” rating and issued a $250.00 price target on shares of Apple in a research report on Tuesday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, eleven have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $330.44.

Get Our Latest Stock Report on Apple

Trending Headlines about Apple Here are the key news stories impacting Apple this week:

Positive Sentiment: India proposed extending tax exemptions for equipment suppliers to contract manufacturers through 2041. The policy could support Apple’s effort to expand iPhone production in India and reduce reliance on China. India proposes extending tax breaks for contract manufacturing in a boost for Apple Positive Sentiment: Analysts and bullish investors argue that Apple’s capital-light AI strategy could eventually pay off through its enormous installed base, device upgrades and Services ecosystem, without the infrastructure spending burden faced by hyperscalers. Apple’s AI Strategy Looks Different—Will It Pay Off? Positive Sentiment: Apple’s acquisition of PlasmaSolve could improve manufacturing simulations, device coatings and production yields, potentially supporting thinner and stronger future hardware. AAPL Stock Alert: What to Know as Apple Acquires PlasmaSolve Neutral Sentiment: Apple asked a U.S. court to block OpenAI and two former employees from using alleged trade secrets. OpenAI has responded by calling the case careless and publishing private communications; the dispute could affect OpenAI’s hardware plans but remains legally unresolved. Apple seeks preliminary injunction against OpenAI in trade secrets case Neutral Sentiment: Apple is also challenging a U.K. demand for access to encrypted user data. A favorable outcome could protect its privacy positioning, while prolonged regulatory litigation creates uncertainty. Apple launches fresh legal challenge against UK encrypted data access demand Negative Sentiment: The strongest pressure remains financial: Apple exceeded quarterly EPS and revenue estimates, but its outlook was viewed as disappointing. Higher memory and component costs, supply constraints, a Services revenue miss and delayed Apple Intelligence features have undermined confidence in near-term growth. Negative Sentiment: China Renaissance, DZ Bank and Phillip Securities downgraded AAPL, citing persistent memory inflation, supply risks and uncertainty over Apple Intelligence returns. With the stock trading around 35 times earnings and a PEG ratio above 2.6, investors are demanding substantial growth to justify the valuation. Negative Sentiment: The CEO transition adds execution risk. While some coverage views Cook’s departure as a well-prepared succession, investors will watch whether John Ternus can accelerate AI development and sustain Apple’s growth momentum. Apple Profile (Free Report)

Apple Inc (NASDAQ: AAPL) is a multinational technology company headquartered in Cupertino, California, founded in 1976 by Steve Jobs, Steve Wozniak and Ronald Wayne. The company designs, develops and sells consumer electronics, software and services. Over its history Apple has evolved from personal computers to a broad portfolio that spans mobile devices, wearables, home entertainment and digital services.

Apple’s principal hardware products include the iPhone smartphone, iPad tablet, Mac personal computers, Apple Watch wearable devices and a range of accessories such as AirPods and HomePod.

Read More Five stocks we like better than Apple System Upgrade: First Internet Bancorp Options Surge AI Security Breaches Raise New Risks for Microsoft and Amazon’s Agent Push The AI Chip Blockade Is Creating a Shadow Market Grab Holdings Stock Forms Bottom After Strong Beat-and-Raise Quarter

Receive News & Ratings for Apple Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apple and related companies with MarketBeat.com's FREE daily email newsletter.

« PREVIOUS HEADLINEEaton Cambridge Inc. Buys 2,450 Shares of Apple Inc. $AAPL

NEXT HEADLINE »Decker Wealth Management LLC Takes $13.48 Million Position in Apple Inc. $AAPL

Posted by Defense World Staff on Aug 5th, 2026

Boston Common Asset Management LLC lessened its holdings in shares of Apple Inc. (NASDAQ:AAPL – Free Report) by 4.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 239,514 shares of the iPhone maker’s stock after selling 11,440 shares during the period. Apple comprises approximately 3.9% of Boston Common Asset Management LLC’s holdings, making the stock its 3rd largest holding. Boston Common Asset Management LLC’s holdings in Apple were worth $60,786,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of AAPL. Lifetime Wealth Management P.C. purchased a new position in shares of Apple during the 4th quarter worth approximately $41,000. ROSS JOHNSON & Associates LLC lifted its stake in shares of Apple by 1,800.0% in the 1st quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker’s stock valued at $42,000 after purchasing an additional 180 shares during the period. LSV Asset Management bought a new stake in shares of Apple during the fourth quarter valued at approximately $65,000. Timmons Wealth Management LLC bought a new stake in shares of Apple during the fourth quarter valued at approximately $69,000. Finally, Inspire Investing LLC purchased a new stake in Apple in the fourth quarter worth $76,000. Institutional investors own 67.73% of the company’s stock.

Insider Transactions at Apple In related news, insider Ben Borders sold 1,274 shares of the company’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $290.00, for a total value of $369,460.00. Following the transaction, the insider directly owned 38,713 shares of the company’s stock, valued at approximately $11,226,770. This represents a 3.19% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.06% of the company’s stock.

Key Stories Impacting Apple Here are the key news stories impacting Apple this week:

Positive Sentiment: India proposed extending tax exemptions for equipment suppliers to contract manufacturers through 2041. The policy could support Apple’s effort to expand iPhone production in India and reduce reliance on China. India proposes extending tax breaks for contract manufacturing in a boost for Apple Positive Sentiment: Analysts and bullish investors argue that Apple’s capital-light AI strategy could eventually pay off through its enormous installed base, device upgrades and Services ecosystem, without the infrastructure spending burden faced by hyperscalers. Apple’s AI Strategy Looks Different—Will It Pay Off? Positive Sentiment: Apple’s acquisition of PlasmaSolve could improve manufacturing simulations, device coatings and production yields, potentially supporting thinner and stronger future hardware. AAPL Stock Alert: What to Know as Apple Acquires PlasmaSolve Neutral Sentiment: Apple asked a U.S. court to block OpenAI and two former employees from using alleged trade secrets. OpenAI has responded by calling the case careless and publishing private communications; the dispute could affect OpenAI’s hardware plans but remains legally unresolved. Apple seeks preliminary injunction against OpenAI in trade secrets case Neutral Sentiment: Apple is also challenging a U.K. demand for access to encrypted user data. A favorable outcome could protect its privacy positioning, while prolonged regulatory litigation creates uncertainty. Apple launches fresh legal challenge against UK encrypted data access demand Negative Sentiment: The strongest pressure remains financial: Apple exceeded quarterly EPS and revenue estimates, but its outlook was viewed as disappointing. Higher memory and component costs, supply constraints, a Services revenue miss and delayed Apple Intelligence features have undermined confidence in near-term growth. Negative Sentiment: China Renaissance, DZ Bank and Phillip Securities downgraded AAPL, citing persistent memory inflation, supply risks and uncertainty over Apple Intelligence returns. With the stock trading around 35 times earnings and a PEG ratio above 2.6, investors are demanding substantial growth to justify the valuation. Negative Sentiment: The CEO transition adds execution risk. While some coverage views Cook’s departure as a well-prepared succession, investors will watch whether John Ternus can accelerate AI development and sustain Apple’s growth momentum. Apple Stock Performance Shares of AAPL stock opened at $309.46 on Wednesday. The company has a market capitalization of $4.52 trillion, a price-to-earnings ratio of 35.49, a price-to-earnings-growth ratio of 2.60 and a beta of 1.09. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.93 and a current ratio of 1.00. Apple Inc. has a one year low of $202.16 and a one year high of $344.57. The company’s 50-day moving average is $309.42 and its 200 day moving average is $282.24.

Apple (NASDAQ:AAPL – Get Free Report) last issued its earnings results on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.89 by $0.13. The business had revenue of $109.42 billion during the quarter, compared to analysts’ expectations of $109.04 billion. Apple had a net margin of 27.62% and a return on equity of 135.46%. The business’s revenue for the quarter was up 16.4% compared to the same quarter last year. During the same period in the previous year, the company earned $1.57 earnings per share. Sell-side analysts expect that Apple Inc. will post 8.76 EPS for the current fiscal year.

Apple Announces Dividend The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 13th. Investors of record on Monday, August 10th will be issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date is Monday, August 10th. Apple’s payout ratio is presently 12.39%.

Analyst Upgrades and Downgrades A number of research firms have issued reports on AAPL. KGI Securities downgraded Apple from an “outperform” rating to a “hold” rating and set a $315.00 price objective for the company. in a report on Monday, June 22nd. Needham & Company LLC reissued a “hold” rating on shares of Apple in a research report on Friday, July 31st. Robert W. Baird boosted their price objective on shares of Apple from $310.00 to $330.00 and gave the stock an “outperform” rating in a research note on Friday, July 24th. The Goldman Sachs Group restated a “buy” rating and issued a $360.00 price objective (down from $370.00) on shares of Apple in a report on Friday. Finally, Tigress Financial reaffirmed a “strong-buy” rating and set a $375.00 target price (up from $305.00) on shares of Apple in a research note on Thursday, May 14th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, eleven have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, Apple has an average rating of “Moderate Buy” and an average price target of $330.44.

Read Our Latest Stock Report on Apple

Apple Profile (Free Report)

Apple Inc (NASDAQ: AAPL) is a multinational technology company headquartered in Cupertino, California, founded in 1976 by Steve Jobs, Steve Wozniak and Ronald Wayne. The company designs, develops and sells consumer electronics, software and services. Over its history Apple has evolved from personal computers to a broad portfolio that spans mobile devices, wearables, home entertainment and digital services.

Apple’s principal hardware products include the iPhone smartphone, iPad tablet, Mac personal computers, Apple Watch wearable devices and a range of accessories such as AirPods and HomePod.

See Also Five stocks we like better than Apple System Upgrade: First Internet Bancorp Options Surge AI Security Breaches Raise New Risks for Microsoft and Amazon’s Agent Push The AI Chip Blockade Is Creating a Shadow Market Grab Holdings Stock Forms Bottom After Strong Beat-and-Raise Quarter Want to see what other hedge funds are holding AAPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Apple Inc. (NASDAQ:AAPL – Free Report).

Receive News & Ratings for Apple Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apple and related companies with MarketBeat.com's FREE daily email newsletter.

« PREVIOUS HEADLINEMicrosoft Corporation $MSFT Shares Purchased by Broderick Brian C

NEXT HEADLINE »Eaton Cambridge Inc. Grows Stock Position in Microsoft Corporation $MSFT

Apple's installed base surpassed 2.5 billion active devices, supporting record upgrade rates, new customer growth, and expanding long-term Services monetization opportunities. Services revenue reached a record $30.7 billion with a 75.6% gross margin, nearly double Products' 40.1%, strengthening recurring earnings quality. Analysts expect EPS growth of 8.0% in FY27, accelerating to 17.1% by FY29, while forward P/E declines from 35.1x to 24.7x.

Apple (AAPL) saw a sharp post-earnings selloff despite beating revenue and EPS estimates, driven by market misinterpretation of supply timing as demand weakness. AAPL's fundamentals remain strong: double-digit YoY growth across major product lines, robust cash flow, and significant buybacks, with only minor misses in services and Greater China. I see the memory supply squeeze as cyclical and believe Apple's pricing power and strategic AI positioning will provide a future margin advantage over peers.

Apple's (AAPL +1.96%) flagship iPhone business was nothing less than stellar in its recently reported fiscal third quarter. Revenue of $54.25 billion was not only up nearly 22% but also topped analysts' expectations of $53.86 billion. The iPhone also led a companywide beat of Q3 earnings and sales outlooks, offsetting its services arm's revenue shortfall.

Apple's iPhone franchise, however, may be even more of a workhorse than Apple's limited data disclosure about the popular smartphone suggests.

Image source: Getty Images.

Leading the unit growth race Apple stopped reporting the total number of iPhones it sold in any given quarter back in 2019, reducing transparency into the health of about half of the company's revenue. But the technology industry's researchers and data intermediaries didn't stop keeping score.

Using information gathered in other ways, IDC continued to tally the total number of smartphones that the business's biggest players shipped. To this day, it continues to provide quarterly unit shipments for major smartphone manufacturers.

That's where things get interesting and encouraging. According to IDC, Apple was only one of two major names in the smartphone business to defy the overall 6.7% year-over-year decline in total smartphone shipments during the second calendar quarter of this year. The other one was Samsung, which experienced an 8.1% year-over-year increase in total unit shipments. Apple handily outpaced that growth rate, though, with its 15.3% year-over-year improvement in iPhone shipments, again as reported by IDC.

Data source: IDC. Chart by author.

Two key takeaways There are a couple of important takeaways for investors quietly buried in this data. The first is that, while the company itself didn't report it, the relative changes in reported revenue and unit shipments indicate that Apple is asking -- and getting -- a higher average selling price (ASP) for its current slate of iPhones. And not for the first time.

This is the second quarter in a row that IDC reported Apple had defied a broad drop in demand for smartphones by achieving the industry's highest year-over-year increase in unit shipments, which again was also outpaced by Apple's reported iPhone revenue growth (of nearly 22% in the previously reported quarter).

Connect the dots. After a slow start, the demand for newer iPhones that the launch of Apple Intelligence was supposed to generate back in 2025 is finally taking hold. Now-outgoing CEO Tim Cook even made a point of highlighting how upgrades largely drove the company's "incredible blowout" fiscal Q3 earnings to the iPhone 17 launched late last year.

The other nuance to recognize is that this swell of fresh demand materialized right before Apple is set to unveil and launch the next generation of its iPhone. The media event scheduled for early next month will feature a new iPhone 18 that powers a new-and-improved AI-powered digital assistant, Siri, that is at least somewhat better than the iPhone 17's. Consumers are buying the 17 anyway.

Today's Change

(

1.96

%) $

5.96

Current Price

$

309.38

Apple has been underestimated Regardless of how or why, there's no denying Apple's all-important iPhone business appears to be fully back to its former fighting form. The company's subpar guidance for the quarter currently underway likely understates what's actually in store.

Apple asked the court for a preliminary injunction, and OpenAI followed up by alleging the iPhone maker was sloppy about security.

Apple has surpassed $10 billion in annual sales in India for the first time, highlighting the growing importance of one of its fastest-growing markets. Bloomberg's Dana Wollman breaks down what's driving demand, why the iPhone continues to lead the company's growth in the country, and how incoming CEO John Ternus is beginning to shape Apple's next leadership team.

By You're currently following this author! Want to unfollow? Unsubscribe via the link in your email.

OpenAI posted a letter on Monday, hitting back at Apple's recent trade secrets lawsuit. Getty Images/Business Insider OpenAI is clapping back against Apple's lawsuit.

On Monday, the AI company published a blog post titled "Apple is getting this wrong," accusing the iPhone maker of presenting a misleading account of the events behind its trade-secret lawsuit. OpenAI highlighted what it said were errors in Apple's legal correspondence and released messages that it said provided important context about the dispute.

"Apple is one of the greatest companies of all time, and built a reputation for obsessing over the smallest details," the post says. "This careless, aggressive and oddly personal lawsuit sadly doesn't live up to that reputation."

Apple sued OpenAI in July, alleging that the ChatGPT maker benefited from trade secrets taken by former Apple employees. The lawsuit alleges, among other things, that Chang Liu, a veteran Apple engineer, improperly retained and accessed confidential company information after leaving for the AI lab in January.

OpenAI — which is trying to develop its own hardware products — previously denied wrongdoing, saying it is not interested in Apple's secrets.

Monday's post takes the AI lab's defense a step further. It said that Apple employees reached out to Liu after he left for OpenAI in January and said Apple is "failing to properly manage system access when people leave."

Here is what smart people are saying about the post:

Elon Musk, CEO of Tesla and SpaceX

Elon Musk, who also sued OpenAI recently, posted about Apple's recent injunction. Benjamin Fanjoy/Getty Images Apple is seeking expedited discovery and a preliminary injunction, per Monday court filings. That suggests that the company believes other former employees may have retained or accessed confidential information after joining OpenAI.

Elon Musk, the outspoken Tesla and SpaceX CEO who lost a lawsuit against OpenAI and its leaders earlier this year, reposted screenshots of Apple's latest court filings on Tuesday.

"Can't trust OpenAI," he wrote.

Neil Cybart, Founder of Above Avalon Neil Cybart, the founder of the independent Apple analysis firm Above Avalon, dismissed OpenAI's response in a post on X.

He described the post as "nonsensical" and accused OpenAI of using the classic "hey, look over there" strategy to draw attention away from Apple's central allegations.

"OpenAI must be really nervous about Apple's trade secret theft lawsuit because this silly attempt at PR spin is nonsensical," Cybart wrote.

Jim Cramer, host of CNBC's "Mad Money"

Jim Cramer said Apple's new filing was "gloves off." John Nacion/Variety via Getty Images Jim Cramer, CNBC's host of "Mad Money," also commented on Apple's preliminary injunction in a post on X.

"Gloves off," he wrote.

Todd Dailey, former Apple enterprise marketing manager Todd Dailey, a former Apple enterprise marketing manager who spent 22 years at the company according to his LinkedIn, said his own departure made OpenAI's statements about Apple's offboarding problems seem plausible.

On X, he wrote that he still had two unreleased Apple prototypes.

"Old Apple wouldn't have let an ex-employee hold a prototype for more than 24 hours and would have sent someone to my door to get it," Dailey wrote.

He said the experience reflected how stretched Apple's employees had become and made it easier to understand how the company's lawyers could have made mistakes in their correspondence with OpenAI.

"I'm not surprised at all that busy, harried lawyers could make this mistake," he wrote.

Harpal Singh, founder of Blimpp Harpal Singh, the founder of the generative-engine-optimization platform Blimpp, told Business Insider that OpenAI's post was written to directly contradict Apple's account.

That tactic, he said, could affect how journalists, search engines, and AI tools describe the lawsuit.

"OpenAI is not just defending itself in court," Singh said. "It wants to present the narrative that journalists, search engines, and other AI Response Systems will mirror."

Read next

Ben Shimkus You're currently following this author! Want to unfollow? Unsubscribe via the link in your email.

Ben Shimkus is a reporter for the Business News desk. He writes about cars, transportation, retail, and jobs. Ben's reporting has appeared in Rolling Stone, The Verge, Automotive News, USA Today, AutoBody News, LGBTQ Nation, TopSpeed, and Out Magazine. He's also held staff writing positions at The U.S. Sun and the Daily Mail. He graduated from NYU with a Master's in journalism in 2024. Email Ben at [email protected] or message him privately on Signal at bshimkus.41. 

Apple OpenAI Lawsuits More Smart People Say

Apple delivered record Q3 results with 16% revenue and 29% EPS growth, yet shares sold off on supply-constrained forward guidance. AAPL's demand remains robust across iPhone, Mac, and Services, with supply chain bottlenecks, not demand weakness, driving conservative guidance. I remain bullish on AAPL, viewing the sell-off as a buying opportunity, given accelerating operating cash flow, ramped R&D, and strategic AI positioning.