15 Best Blue Chip Stocks to Buy According to Billionaires

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13. Apple Inc. (NASDAQ:AAPL)

Number of Billionaire Investors: 21

Number of Hedge Fund Holders: 166

Apple Inc. (NASDAQ:AAPL) designs, manufactures, and sells smartphones, personal computers, wearables, accessories, and related products and services worldwide. The company’s stock is facing turbulence and skepticism after Trump imposed 125% tariffs on China, which is where much of Apple Inc.’s (NASDAQ:AAPL) products come from.

Morgan Stanley analyst Erik Woodring released a note on April 10, speculating that Apple Inc. (NASDAQ:AAPL) could experience a $7 billion to $8 billion drop on next year’s iPhone sales even if the company manages to reroute around 60% of its production to India. The analyst maintained an overweight rating on the stock and set a one-year price target of $220 per share, based on the expectations that it would route around 50% of the tariff costs to suppliers, lowering the effect on its EPS.

Apart from these circumstances, Apple Inc. (NASDAQ:AAPL) holds a significant premium brand and market position, supported by highly in-demand hardware devices. It is also a financially sound company, generating a notable $36.3 billion in net income in fiscal Q1 2025, resulting in a sizable free cash flow. Analysts are bullish on the stock, and its median price target of $198.15 implies an upside of 26.17% from current levels.

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