8 Most Profitable Blue Chip Stocks to Invest in

5. Apple Inc. (NASDAQ:AAPL)

Market Cap: $3.49 Trillion

5-Year Net Income CAGR: 12.85%

TTM Net Income: $101.956 billion

Number of Hedge Fund Holders: 184

Apple Inc. (NASDAQ:AAPL) designs, manufactures, and markets a range of technology products, including smartphones, personal computers, tablets, wearables, and accessories, while also offering related services. The product lines include the iPhone, a series of smartphones running on the iOS operating system. It is the 5th most profitable stock on our list.

The Mac line consists of personal computers based on macOS, including laptops such as the MacBook Air and MacBook Pro, as well as desktops like the iMac and Mac Pro. The iPad, a multipurpose tablet operating on iPadOS, includes models like the iPad Pro and iPad mini.

Apple (NASDAQ:AAPL) operates primarily on a geographic basis, with reportable segments that include the Americas, Europe, Greater China, Japan, and the Rest of Asia Pacific. Each segment is managed separately to cater to local customer needs and market conditions.

On October 6, Bloomberg reported that the company is moving away from its traditional annual product upgrade cycle to allow for more frequent releases and fewer delays. Previously, the company updated major products like iPhones and Macs on a set schedule, unveiling software in June and launching devices in September and October.

However, the growing range of products has made this approach impractical. As a result, Apple (NASDAQ:AAPL) is adopting a staggered release strategy, as can be seen by its upcoming AI tool, Apple Intelligence, set to launch on October 28 with iOS 18.1. The shift aims to improve innovation and enable revenue generation outside the holiday quarter.