5 Best Consumer Electronics Stocks To Buy

1. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders: 131

Apple Inc. (NASDAQ:AAPL) is one of the best consumer electronics stocks to buy. On February 1, Apple Inc. (NASDAQ:AAPL) declared a $0.24 per share quarterly dividend, in-line with previous. The dividend was paid on February 15. Apple Inc. (NASDAQ:AAPL) also announced results for the first quarter of fiscal year 2024 on February 1. The company reported a GAAP EPS of $2.18 and a revenue of $119.6 billion, beating Wall Street estimates by $0.07 and $1.34 billion, respectively.

As per Insider Monkey’s fourth quarter database, 131 hedge funds were bullish on Apple Inc. (NASDAQ:AAPL), compared to 134 funds in the prior quarter. Warren Buffett’s Berkshire Hathaway is the top shareholder of the company, with 905.56 million shares valued at $174.35 billion.

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

“The full point is that if BYD has turned its attention from its domestic market to direct global competition, then other Chinese companies can do the same. The next most visible example of Chinese commercially applied technological prowess relates to the 2nd highest-weight company in the S&P 500, Apple Inc. (NASDAQ:AAPL).

In September 2023, Huawei Technologies introduced its Mate 60 Pro smartphone. It uses its own, internally developed 5G enabled chip that is apparently competitive with the Apple A17 chip. For practical purposes it has the functionality of the iPhone 15 Pro. This came as a great surprise – perhaps even shock – to the U.S. technology community, because four years ago the U.S. placed strict sanctions on China’s access to state-of-the-art semiconductor manufacturing technology…”

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