30 Best Stocks To Invest In According to Billionaires

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18. Apple Inc. (NASDAQ:AAPL)

No. of Billionaire Investors: 21

Total Value of Billionaire Holdings: $101.68 Billion

Apple Inc. (NASDAQ:AAPL) is famous for its consumer electronics, software, and other related products. It owns a premium line of products, which includes the iPhone, iPad, Mac computers, and a range of other accessories. The company has earned itself widespread acclaim and customer loyalty, which is key to its success in the long term.

Apple Inc. (NASDAQ:AAPL) has posted financial results for the first quarter of fiscal 2025, with a 1% dip in iPhone sales from a year ago. The iPhone sales drop is due to weakness in Greater China. Despite this, Apple’s gross margin reached a record 46.9%, driven by a flourishing services business. The total revenue came in at $124.3 billion, up 4% year-over-year, while quarterly diluted EPS soared 10% to $2.40 per share.

On February 26, Goldman Sachs analyst Mike Ng reiterated a Buy rating on AAPL shares with a price target of $294 per share. The strategic launch of the iPhone 16e, along with the significant U.S. investments Apple has promised to build Apple Intelligence infrastructure, data centers, and more, has led to an optimistic rating for the stock. Here is what the analyst said:

“We’re encouraged by the role that iPhone 16e plays as an entry-level phone in the iPhone portfolio and believe that the price increase (relative to iPhone SE3) and an internalized modem should be supportive of margins. There are no lead times on iPhone 16e.”

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