5 Most Profitable Tech Stocks in 2023

Page 5 of 5

1. Apple Inc. (NASDAQ:AAPL)

Latest TTM Net Income: $95.1 billion

Apple Inc. (NASDAQ:AAPL) is the most valuable technology company on the planet. The firm’s wisdom in growing its high margin, low cost software portfolio paid off during its second quarter as it managed to beat analyst estimates due to growth in the division.

During Q2 2023, 135 hedge funds among the 910 surveyed by Insider Monkey had bought Apple Inc. (NASDAQ:AAPL)’s shares. Warren Buffett’s Berkshire Hathaway owns 915 million shares in the company, allowing it to hold a $177 billion stake which makes it Apple Inc. (NASDAQ:AAPL)’s biggest investor.

Follow Apple Inc. (NASDAQ:AAPL)

Disclosure: None.  You can also take a look at 100 Biggest Technology Companies in the World and Top 25 Countries with the Most Facebook Users.

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