5 Most Profitable Companies in the US

Page 5 of 5

1. Apple Inc. (NASDAQ:AAPL)

Trailing Twelve Month Net Income: $100.9 billion

Apple Inc. (NASDAQ:AAPL) is the world’s most valuable consumer electronics firm. The tail end of April 2024 and the start of May have injected fresh hype into its AI efforts, as despite Apple being quiet on the AI front, industry watchers believe it can benefit from bringing the functionality to the flagship iPhone.

131 out of the 933 hedge funds tracked by Insider Monkey during Q4 2023 had held a stake in Apple Inc. (NASDAQ:AAPL). Warren Buffett’s Berkshire Hathaway owned the biggest stake which was worth $174 billion.

Follow Apple Inc. (NASDAQ:AAPL)

Disclosure: None. You can also take a look at the 11 Best Music Stocks to Invest In and 20 Countries That Produce the Most Gold in the World.

Insider Monkey focuses on uncovering the best investment ideas of hedge funds and investors. Please subscribe to our daily free newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below.

Follow Insider Monkey on Twitter

Page 5 of 5