Apple Inc.
In the published model solve dated 2026-Q2, anchored at $320.13, Apple Inc. (AAPL) is priced for +30.1% growth. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed August 7, 2026 from SEC EDGAR filings.
• Apple sells hardware and earns like a software business: fiscal 2025 Services produced 82,314 million dollars of gross profit on a 75.4% gross margin, roughly 42% of the company's entire gross profit from about a quarter of its revenue [Source: FY2025 Form 10-K]. • Today's price embeds operating-profit growth of roughly 29.6% a year sustained about five years, and among comparable fast growers only about 27% have held a pace like that for that long. • The near-term event to watch is the handov
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5,932 institutional managers reported holding AAPL in 13F filings for the quarter ended 2026-03-31. Together they hold about 62% of the company; the top 10 hold 33%. 91 opened new positions that quarter. Held by Vanguard Group, BlackRock, State Street, among others. On the short side, 144.2M shares were sold short as of the 2026-06-15 count, about 1.0% of shares outstanding (2.8 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
AAPL has cut its share count 11.8% over the past five years, spending $409.35B on repurchases. It pays a dividend, and has for 14 years running, raised 8 years straight; the current rate is $1.02 a share annually. Cash returned over the past three years: $42.16B in dividends and $243.65B in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
No open-market insider buys on file at AAPL over the trailing three years. Absence is a fact about the company, not a signal. 17 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
AAPL's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-08-05 | -5.5% | -2.5% |
| 2023-11-04 | +1.5% | +2.6% |
| 2024-02-03 | +0.8% | -8.8% |
| 2024-05-04 | +6.0% | +23.4% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
AAPL's latest 8-K filings: 2026-07-30 (items 2.02, 9.01); 2026-04-30 (items 2.02, 9.01); 2026-04-20 (items 5.02); 2026-02-24 (items 5.07, 9.01); 2026-01-29 (items 2.02, 9.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: August 7, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.