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Apple Inc.
Dow 30 S&P 500 Nasdaq 100
$4.35T
Market Cap
34.2
P/E
3.27
PEG
35.8%
ROCE
171.4%
ROE
1.17
D/E
32.0%
OPM
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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
Shareholding
About

Apple Inc. designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide.

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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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3-Statement Financial Model
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🎙 Management Tone Mixed → Stable 4 quarters Full tone analysis in Intelligence →
Good quarter Investor Presentation One-Pager? Q2 2026
Revenue
$111.2B
+17% YoY
Operating Income
$35.9B
+29% YoY
Operating Margin
32.3%
+3.0pp YoY
Net Income
$29.6B
+22% YoY
What Went Right
  • iPhone revenue set a March quarter record of $57B, up 22% YoY despite supply constraints.
  • Services revenue reached an all-time high of $31B, up 16% YoY with records across most categories.
  • EPS of $2.01 was a March quarter record, up 22% YoY; operating cash flow was $28.7B.
What to Watch
  • Supply constraints on iPhone (SOC nodes) and Mac (higher-than-expected demand) persisted; Mac constraints expected to continue for several months.
  • Memory costs are expected to increase significantly in the June quarter and beyond, pressuring gross margins.
  • Company dropped net cash neutral as a formal target, though capital returns remain a priority; new $100B buyback authorized.
Management Guidance
  • June quarter total company revenue expected to grow 14%-17% YoY, assuming current tariff policies and no worsening macro.
  • Gross margin guidance for June quarter: 47.5% to 48.5%.
  • Operating expenses guidance: $18.8B to $19.1B; OINE ~$250M; tax rate ~17%.
Investor Lens
The thesis is stronger after this call: record revenue and EPS demonstrate robust demand for the iPhone 17 family and services, despite supply constraints. However, rising memory costs and persistent supply headwinds on Mac (especially Mac mini, Mac Studio, and MacBook Neo) add near-term uncertainty. The removal of the net cash neutral target is a minor shift, but the increased buyback authorization reinforces commitment to capital returns. Overall, the fundamental strength in iPhone and services supports a positive outlook, but investors should monitor margin pressure and supply normalization.
From investor presentation · AI-generated analysis · Not investment advice
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📈 STRONG Strong March quarter with 17% revenue growth; iPhone and services shine.
Revenue
Revenue of $111.2B, up 17% YoY, a March quarter record. Products revenue was $80.2B (+17% YoY) driven by iPhone ($57B, +22% YoY). Services revenue hit an all-time high of $31B (+16% YoY). Every geographic segment set a March quarter record.
Profitability
Net income was $29.6B, up 22% YoY, a March quarter record. Diluted EPS was $2.01, also a record and up 22% YoY. Operating cash flow was $28.7B.
Margins
Company gross margin was 49.3%, above guidance, up 110 bps sequentially. Products gross margin was 38.7% (down 200 bps sequentially) due to seasonal loss of leverage and higher memory costs. Services gross margin was 76.7% (up 20 bps sequentially) driven by favorable mix.
Balance Sheet
Quarter-end cash and marketable securities $147B, total debt $85B, net cash $62B. Returned $15B to shareholders ($3.8B dividends, $11B buybacks). Board authorized additional $100B for buybacks and raised dividend by 4% to $0.27/share.
Key Risks
Management flagged three key risks: (1) supply constraints on iPhone and Mac, especially Mac models due to higher-than-expected demand; (2) significantly higher memory costs expected in June quarter and beyond; (3) uncertainties from global tariff policies and macroeconomic conditions.
Outlook
June quarter revenue guided to grow 14%-17% YoY, assuming current tariff rates and no macro deterioration. Gross margin is expected between 47.5% and 48.5%, with operating expenses of $18.8B-$19.1B.
Generated by AI · Q2 2026 results · Not investment advice
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📊 Analysis Methodology

This comprehensive investment analysis was conducted using The Finmagine™ Stock Analysis & Ranking Methodology, a proprietary framework that systematically evaluates stocks across five critical dimensions: Financial Health, Growth Prospects, Competitive Positioning, Management Quality, and Valuation.

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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.

⚠️ Important Disclaimers — Please read without fail.

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.

No Investment Recommendation:
This analysis does not constitute, nor should it be interpreted as, an offer, solicitation, or recommendation to buy, sell, or hold any securities or financial products. Investors are strongly advised to conduct their own independent research and due diligence and to consult with a licensed financial advisor or an SEC-registered investment adviser before making any investment decisions, taking into account their individual financial situation, risk tolerance, and investment objectives.

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Conflict of Interest Disclosure:
The author and/or analyst may currently hold or have previously held positions in the securities discussed. Any such positions are not intended to influence the objectivity or independence of the analysis. This research is produced independently and is not sponsored, endorsed, or commissioned by any company or institution.

Information Sources:
The analysis is based on publicly available information including SEC filings (10-K, 10-Q), annual reports, management commentary, and publicly available financial data. Information is believed to be accurate as of the date of publication but may be subject to change without notice. Readers are encouraged to independently verify all information before acting upon it.

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