5 Best Augmented Reality Stocks To Invest In

3. Apple Inc (NASDAQ:AAPL)

Number of Hedge Fund Investors: 134

Apple Inc (NASDAQ:AAPL) upped its AR and VR game by launching the much-awaited $3500 Apple Vision Pro  mixed reality headset.

TF International Securities analyst Ming-Chi Kuo recently said in a note that Vision Pro is likely to sell out.

“If not, Vision Pro may take longer to become a success, which would be detrimental to the short-term stock price performance of Apple and its supply chain,” Ming-Chi Kuo added.

Wedgewood Partners stated the following regarding Apple Inc. (NASDAQ:AAPL) in its fourth quarter 2023 investor letter:

“Apple Inc. (NASDAQ:AAPL) was also a top contributor to performance during the fourth quarter. The Company’s services segment revenue growth accelerated to +16% over last year, one of the fastest growth rates since Covid-19 lockdowns, helping drive +11% growth in earnings per share. The strength in the Company’s services segment was aided by over 1 billion paid subscribers across Apple’s media platforms. We estimate that there are more than 2 billion iOS devices in Apple’s global installed base, which still represents a very large addressable share of their current subscriber count. Apple also continues to innovate across its hardware portfolio, with custom silicon for nearly all its device form factors. More recently, the Company launched its new line of Mac computers, which included their M3 family of chips, including the M3 Max, which contains up to an astonishing 92 billion transistors. Apple’s long-term strategy of creating products with customized hardware and software should continue to differentiate their products and help drive solid revenue growth and expense leverage across the Company’s ecosystem.”