5 Best Augmented Reality Stocks to Invest In

2. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders: 140

Apple Inc. (NASDAQ:AAPL) is one of the best augmented reality stocks to consider. The company is reportedly set to enter the augmented and virtual reality world by launching an AR/VR standalone headset and AR glasses for daily wear. The headset will have an operating system known as xrOS, which suggests that it will incorporate both augmented reality and virtual reality technologies. These products could be launched by 2025. 

On December 2, Morgan Stanley analyst Erik Woodring maintained a $175 price target and an Overweight rating on Apple Inc. (NASDAQ:AAPL) shares, citing December quarter AppStore forecast as ‘conservative’. 

According to the third quarter database of Insider Monkey, 140 hedge funds were bullish on Apple Inc. (NASDAQ:AAPL), compared to 128 funds in the last quarter. Warren Buffett’s Berkshire Hathaway is the biggest stakeholder of the company, with approximately 895 million shares worth $123.6 billion. 

Here is what Wedgewood Partners specifically said about Apple Inc. (NASDAQ:AAPL) in its Q3 2022 investor letter:

“Apple Inc. (NASDAQ:AAPL) grew revenues +5% (foreign exchange adjusted and excluding Russia) driven by record iPhone revenues that were up about +3% on an exceptional year ago comparison of +50%. Apple’s installed base is over 1.8 billion devices which helps drive a software and services business that has generated almost $80 billion of revenue over the past 4 quarters. As we have highlighted in the past, Apple’s relentless focus on the development and integration between hardware (especially ICs) as well as software, continues to add significant value for customers of its products and services. We expect this favorable competitive dynamic to continue for the foreseeable future.”