5 Up And Coming Streaming Companies And Services

2. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders: 135

Apple Inc. (NASDAQ:AAPL) is a tech giant based in Cupertino, California. It was included in the list because it owns and offers AppleTV Plus, an exceptional streaming platform.

Analysts at JPMorgan hold an Overweight rating on Apple Inc. (NASDAQ:AAPL) shares as of April 19.

AppleTV Plus offers quality streaming content with strong original programming. Apple Inc.’s (NASDAQ:AAPL) platform is also known for its collection of music documentaries, which sets it apart from other streaming services.

Our hedge fund data shows 135 funds long Apple Inc. (NASDAQ:AAPL) in the fourth quarter, with a total stake value of $136.4 billion.

Madison Investments, an investment advisor, mentioned Apple Inc. (NASDAQ:AAPL) in its first-quarter 2023 investor letter. Here’s what the firm said:

“Our underweight to Apple Inc. (NASDAQ:AAPL) was a headwind to performance during the first quarter. Apple performed well in the first quarter along with the other large cap technology stocks following a weak 2022. Despite recent supply constraints and macro-economic uncertainty, demand for Apple products remains solid. First quarter iPhone sales would have been flat if not for the supply chain issues.”

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