10 Stocks That Members of Congress Own

4. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders: 166

Apple Inc. (NASDAQ:AAPL) is a global technology company that designs, manufactures, and sells consumer electronics, software, and services. Its product lineup includes the iPhone, iPad, Mac, Apple Watch, and AirPods, along with software ecosystems like iOS, macOS, and iCloud. The company generates revenue through hardware sales, subscription-based services (Apple Music, iCloud, Apple TV+), and its App Store. AAPL also develops custom silicon chips, such as the M-series and A-series processors, to optimize performance across its devices. The California-based company ranked first on our recent list of 10 Companies That Are Buying Back Their Stock in 2025.

Apple Inc. (NASDAQ:AAPL) delivered a strong financial performance during the December quarter, achieving record revenue of $124.3 billion, a 4% increase compared to the prior year. Earnings per share also reached an all-time high of $2.40, reflecting a 10% year-over-year growth. The company set revenue records across key regions, including the Americas, Europe, Japan, and the rest of Asia Pacific, while also seeing strong gains in emerging markets like Latin America, the Middle East, and South Asia.

Apple’s Services segment reached a new milestone with revenue of $26.3 billion, representing 14% growth, as the company’s active device installed base climbed to a record 2.35 billion. The iPhone contributed significantly, generating $69.1 billion in revenue with record results in numerous regions, while Mac and iPad revenues also grew by 16% and 15% YoY, reaching $9 billion and $8.1 billion, respectively.

Innovation continues to drive Apple Inc.’s (NASDAQ:AAPL) growth, highlighted by the rollout of Apple Intelligence features, which performed particularly well in markets where they were launched. The company plans to expand these features to new languages, including French, German, Italian, Spanish, Japanese, and more, as well as localized English versions for Singapore and India, starting in April. Despite an 11% decline in revenue from Greater China, AAPL maintained robust gross margins of 46.9% and achieved a record net income of $36.3 billion. Services led the way with a 75% gross margin, while the Products segment posted a 39.3% margin. Looking forward to the March quarter, management projects revenue growth in the low to mid-single digits, accounting for a 2.5 percentage point headwind from foreign exchange fluctuations. Besides at least 166 hedge funds owning the stock, AAPL is also one of the stocks owned by Congress.