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AAPL

Apple Inc.

At today's price, Apple Inc. (AAPL) is priced for +32.1% growth. boothcheck doesn't publish a fair value or a price target; it shows what the price assumes, so you can judge whether that bar is too high. Built from SEC EDGAR filings.

Live priced in
+32.1% growth
Priced In
elevated

Key Takeaways

• Apple's growth engine is no longer the phone: Services grew 14% to $109.2B in FY2025 per the 10-K, driven by advertising, the App Store, and cloud services, while iPhone grew 4% to $209.6B and Wearables shrank, so the margin-rich subscription layer is doing the compounding. • The biggest specific risk is that today's price asks for about 32.6% annual operating-income growth over the next five years from a company that just grew total sales 6%, a pace only about 27% of comparable fast-growers h

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Institutional ownership

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.

Capital returns

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.

Insider activity

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.

Earnings reactions

AAPL's recent reports: the day-one move, then what the following quarter actually did.

reportday onenext 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.

Recent filings

AAPL's latest 8-K filings: 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); 2026-01-02 (items 5.02).

Item codes are the SEC's own classification of what each report discloses. Nothing here is investment advice.

Compare AAPL

AAPL vs MSFTAAPL vs GOOGLAAPL vs ANETAAPL vs CSCOAAPL vs DELLAAPL vs FTNT

Last analyzed: July 11, 2026

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.