Apple closed out 2025 with record quarterly revenue of $102.47 billion—a year-over-year increase of 8.7%—and delivered earnings per share of $1.85, surpassing Wall Street consensus by $0.11. The company’s net margin remained near 27%, while return on equity exceeded 160%. Services revenue and wearables both posted double-digit gains, helping offset concerns that Apple might lag in generative AI. By year-end, Apple’s market capitalization stood at approximately $4 trillion, cementing its position as the world’s most valuable public company.

During the third quarter, Sarasin & Partners LLP upped its Apple stake by 3.8%, purchasing an additional 53,657 shares to bring its total to 1,450,538 shares. At quarter-end, that position was valued at roughly $369 million and represented 3.6% of the firm’s assets, making Apple its seventh-largest holding. This move underscores growing confidence among UK-based asset managers in Apple’s long-term growth trajectory.

First National Bank of Hutchinson raised its Apple holdings by 24.6% in the fourth quarter, adding 6,982 shares for a total stake valued near $8.8 million. Brighton Jones LLC expanded its position by 14.8%, acquiring 69,207 additional shares and lifting its exposure to $134.6 million. Meanwhile, Eagle Capital Management, Revolve Wealth Partners and Highview Capital each added modestly to their Apple stakes, reflecting broad institutional support.

Apple maintained its quarterly dividend at $0.26 per share, translating to an annualized payout of $1.04 and a yield of roughly 0.4%. Dividend payout remains conservative at under 14% of net income. Analysts continue to warm to the shares: two have strong-buy convictions, over twenty recommend a buy, and consensus price targets hover in the high-$280 range, pointing to upside potential from current levels.