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Apple Inc.
Dow 30 S&P 500 Nasdaq 100
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$4.97T
Market Cap
33.8
P/E
3.27
PEG
92.7%
ROCE
171.4%
ROE
1.52
D/E
32.0%
OPM
-2.5%
% from 52W High
79
α RS
🔍 AAPL is showing a high-conviction setup because it matches 16 of 39 tracked screener presets, Sector RRG has Technology in the Leading quadrant with the trail still rolling over, and RS Rating is 79. Net: Broad signal stack, not a recommendation. ? Conviction RRG RS Rating
Sources
Conviction 16/39 · Technology in Leading quadrant · RS Rating 79
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🌏 Global Investor Returns
Currency-adjusted total returns for AAPL including FX impact
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📈 Price History
Ratio Health
Excellent
Good
Average
Poor
By Category
📊 Sector Averages
About

Apple Inc. designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. The company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; and wearables, home, and accessories comprising AirPods, Apple Vision Pro, Apple TV, Apple Watch, Beats products, and HomePod, as well as Apple branded and third-party accessories. It also provides AppleCare support and cloud services; and operates various platforms, including the App Store that allows customers to discover and download applications and digital content, such as books, music, video, games, and podcasts, as well as advertising services include third-party licensing arrangements and its own advertising platforms. In addition, the company offers various subscription-based services, such as Apple Arcade, a game subscription service; Apple Fitness+, a personalized fitness service; Apple Music, which offers users a curated listening experience with on-demand radio stations; Apple News+, a subscription news and magazine service; Apple TV, which offers original content and live sports; Apple Card, a co-branded credit card; and Apple Pay, a cashless payment service, as well as licenses its intellectual property. The company serves consumers, and small and mid-sized businesses; and the education, enterprise, and government markets. It distributes third-party applications for its products through the App Store. The company also sells its products through its retail and online stores, and direct sales force; and third-party cellular network carriers and resellers. The company was formerly known as Apple Computer, Inc. and changed its name to Apple Inc. in January 2007. Apple Inc. was founded in 1976 and is headquartered in Cupertino, California.

Key Ratios Snapshot
📈 Growth Pattern
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⭐ Superinvestors Holding AAPL
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Manager Shares Value % of Fund Period
Warren Buffett Berkshire Hathaway Inc 80.66M $20.5B 7.78% Mar 2026
Warren Buffett Berkshire Hathaway Inc 61.54M $15.6B 5.94% Mar 2026
Warren Buffett Berkshire Hathaway Inc 34.72M $8.8B 3.35% Mar 2026
Warren Buffett Berkshire Hathaway Inc 15.53M $3.9B 1.50% Mar 2026
Warren Buffett Berkshire Hathaway Inc 14.47M $3.7B 1.40% Mar 2026
Warren Buffett Berkshire Hathaway Inc 7.20M $1.8B 0.69% Mar 2026
Warren Buffett Berkshire Hathaway Inc 3.84M $974.6M 0.37% Mar 2026
Warren Buffett Berkshire Hathaway Inc 3.78M $958.3M 0.36% Mar 2026
Andreas Halvorsen Viking Global Investors 3.59M $911.9M 2.55% Mar 2026
Jim Simons Renaissance Technologies LLC 3.08M $780.6M 1.22% Mar 2026

SEC Form 13F data. 45-day lag from quarter end.

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Good quarter Investor Presentation One-Pager? Q3 2026
Revenue
$109.4B
+16% YoY
Operating Income
$35.7B
+27% YoY
Operating Margin
32.6%
+2.6pp YoY
Net Income
$29.8B
EPS +29% YoY
What Went Right
  • Total revenue hit a June quarter record of $109.4B, up 16% YoY, with June quarter records in every geographic segment.
  • iPhone revenue grew 22% YoY to $54.3B and Mac grew 29% YoY to $10.4B, setting June quarter records.
  • EPS was $2.02, up 29% YoY, and operating cash flow was $34.4B — both June quarter records even excluding tariff refunds.
What to Watch
  • Supply constraints are expected to increase significantly in the September quarter, affecting iPhone, Mac and iPad.
  • Memory costs are rising sharply; management described "100-year flood" pricing and expects higher memory costs beyond September.
  • FX is a sequential headwind of ~2.5pp to total company revenue growth and ~5pp to services growth in September.
Management Guidance
  • September quarter total company revenue expected to grow 9%-11% YoY.
  • Gross margin guided to 47%-48%, including roughly 1pp benefit from tariff refunds.
  • OpEx guided at $19.1B-$19.4B; OIE ~$350M; tax rate ~16.5%; quarterly dividend of $0.27 per share declared.
Investor Lens
The thesis is stronger on demand: iPhone grew 22% and Mac grew 29%, proving the product cycle and AI enthusiasm are real. But near-term execution risk is elevated — supply constraints, memory inflation and FX are expected to sharply decelerate September revenue growth to 9%-11% and compress gross margins. The record installed base, services momentum and Siri AI optionality remain powerful offsets. Watch pricing elasticity and whether supply chain flexibility improves after the September quarter.
From investor presentation · AI-generated analysis · Not investment advice
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📈 STRONG Record Q3 with 16% growth, but supply and memory clouds the outlook.
Revenue
Revenue was $109.4B, up 16% YoY and a June quarter record. Products revenue was $78.7B, up 18%, with iPhone at $54.3B, Mac at $10.4B, iPad at $6.2B and wearables/home/accessories at $7.9B.
Profitability
Net income was $29.8B and diluted EPS was $2.02, up 29% YoY, including a $0.11 tariff refund benefit. Operating income rose to $35.7B from $28.2B a year ago.
Margins
Total company gross margin was 50.1%, up 80bps sequentially, including ~2pp of tariff refund benefit. Products gross margin was 40.1% and services gross margin was 75.6%; operating margin was approximately 32.6%, up 2.6pp YoY.
Balance Sheet
Cash and marketable securities ended the quarter at $147B, with total debt of $84B. Apple returned $33B to shareholders, including $4B in dividends and $25.8B in buybacks; operating cash flow was $34.4B.
Key Risks
Management flagged materially higher supply constraints in September across iPhone, Mac and iPad due to advanced node capacity. Memory costs are rising sharply and FX is a 2.5pp sequential headwind to total company growth; services also faces App Store mobile gaming softness and regulatory/link-out uncertainty.
Outlook
September quarter revenue is guided to grow 9%-11% YoY with gross margin of 47%-48%. iPhone growth is expected to be mid-teens YoY and services growth broadly similar to June excluding a ~2.5pp FX headwind.
Generated by AI · Q3 2026 results · Not investment advice
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✓ 📞 Earnings Call Transcripts (5 quarters) submit a missing quarter
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📞 Earnings Call Transcripts (5)
Q3 2026 Q3 2026 2026-07-30
Revenue grew 16% year-over-year to $109.4 billion, with record results across iPhone, Mac, and services despite supply constraints and FX headwinds. Gross margin reached 50.1%, aided by tariff refunds, while net income was $29.8 billion. September quarter guidance reflects ongoing supply and FX challenges.
Q2 2026 Q2 2026 2026-04-30
Revenue grew 17% year-over-year to $111.2B, with net income up 22% and record EPS. Strong double-digit growth was seen across all segments and geographies, despite supply constraints. CEO transition and expanded capital return program announced.
Q1 2026 Q1 2026 2026-01-29
Achieved record revenue and EPS with strong iPhone and services growth, despite supply constraints and rising memory costs. Guidance anticipates continued double-digit revenue growth and robust margins, supported by AI innovation and expanding installed base.
Q4 2025 Q4 2025 2025-10-30
Q4 FY25 revenue rose 8% to $102.5B, with record services and strong iPhone 17 demand. Gross margin hit 47.2%, and net income reached $27.5B. December quarter revenue is expected to grow 10%-12% year-over-year, driven by robust product and services momentum.
Q3 2025 Q3 2025 2025-07-31
June quarter revenue reached a record $94B, up 10% YoY, with double-digit growth in iPhone, Mac, and services. Net income hit $23.4B, and EPS rose 12% YoY. Guidance calls for mid to high single-digit revenue growth next quarter, with tariffs expected to impact costs.
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Financial Model
Projections are built from each company's audited annual financials (Income Statement, Balance Sheet, Cash Flow) over the last 5 fiscal years. Forward assumptions — revenue growth %, EBITDA margin, D&A (USD millions), interest expense, tax rate, and capex — are AI-generated using historical context and refreshed twice a year: after the December results season and after the September/Q4 results season.

DCF Valuation
Fair Value = Σ(FCFt / (1+WACC)t) + Terminal Value. Terminal Value uses the Gordon Growth Model: FCF5 × (1+g) / (WACC−g). Default WACC: 10% (US risk-free ~4.5%, equity risk premium ~5.5%). Default terminal growth: 3% (long-run US nominal GDP proxy).

CAGR Tracker
Expected 5-year CAGR = (DCF Fair Value / Current Price)1/5 − 1. Assumes fair value is reached in exactly 5 years — a mechanical estimate only.

Data Sources & Limitations
Financial statements sourced from public filings. Prices updated daily. Forward assumptions are AI-generated. All monetary values in USD millions. Non-US ADR companies may have currency conversion inaccuracies. Models are point-in-time and do not update intra-quarter or account for M&A, macro shocks, or extraordinary items.

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Investment Risk:
Investing in securities, including US equities and ETFs, involves inherent risks including the potential loss of principal. All investments are subject to market fluctuations, economic conditions, regulatory changes, and other factors that may affect their value. Past performance is not indicative of future results. This analysis is provided for informational and educational purposes only and should not be construed as investment advice under any circumstances.

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Information Sources:
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