10 Best Virtual Reality Stocks To Buy Now

3. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders: 184

The tech giant Apple Inc. (NASDAQ:AAPL) leads the world in innovation with the iPhone, iPad, Mac, AirPods, Apple Watch, and Apple Vision Pro. While the firm is well-reputed for multiple smart devices, it made its entry into VR with the launch of its revolutionary Vision Pro headset at its annual WWDC event in June 2023. Apple Vision Pro extends the experience of one’s go‑to apps and creates new possibilities in entertainment, productivity, gaming, and more.

Apple Vision Pro marked a major development in the VR world as emphasized by top industry executives. The CEO of Taiwanese tech giant HTC Cher Wang saw Apple’s aforementioned move as a validation for the industry and something that would bring more confidence in the global market for VR. Simultaneously, the chief technology officer of Finnish mixed reality startup Varjo Urho Konttori stated:

“Apple’s entrance into XR with Vision Pro is an important moment for our whole industry”

Recently, rumors have revealed that the tech giant is working on an affordable version of Vision Pro mixed reality headset. Apple analyst Ming-Chi Kuo claimed that Apple has delayed the production of the cheaper Vision Pro to beyond 2027. However, Apple is reportedly working on an updated version of the Vision Pro with an upgraded M5 processor to be launched in 2025.

For its fiscal 2024 fourth quarter ended September 28, Apple Inc. (NASDAQ:AAPL) reported revenue of $94.9 billion, a record September quarter revenue driven by iPhone. Apple CEO Tim Cook told CNBC’s Steve Kovach that the sales of the iPhone 15 were stronger than 14 in the year-ago quarter and 16 was stronger than 15. Additionally, Apple’s active installed base of devices reached a new all-time high across all products and all geographic segments. During the quarter, the firm was excited to announce the all-new iPhone 16 lineup, Apple Watch Series 10, and AirPods 4.

Apple Inc. (NASDAQ:AAPL) is a leading VR stock held by 184 hedge funds, as of Q2. The firm has been leading the way in innovation with strong fundamentals and material results.