Apple posted a milestone year in 2025, with fourth-quarter revenue of $102.47 billion, an 8.7 percent year-over-year increase, and quarterly earnings per share of $1.85, topping consensus estimates by $0.11. The company’s net margin reached 26.92 percent, while return on equity stood at 164.05 percent. Throughout the year, Apple expanded services revenue by double digits and maintained a robust product ecosystem, spanning the iPhone, iPad, Mac, Apple Watch and wearables, along with digital services such as Apple Music and iCloud. The board approved a quarterly dividend of $0.26 per share, representing an annualized payout of $1.04 and a 0.4 percent yield, while keeping the payout ratio at a conservative 13.92 percent.

In the third quarter of 2025, Sarasin & Partners LLP boosted its Apple position by 3.8 percent, acquiring an additional 53,657 shares to reach a total of 1,450,538 shares, now comprising 3.6 percent of the fund’s assets and ranking Apple as its seventh-largest holding valued at approximately $369.06 million. Other institutions also adjusted their allocations: First National Bank of Hutchinson added 6,982 shares to reach 35,319 shares; Eagle Capital Management added 272 shares to 54,085; Brighton Jones LLC acquired 69,207 shares boosting its total to 537,314; and Revolve Wealth Partners LLC added 2,695 shares to hold 66,857. Across the board, institutional ownership remains high at 67.73 percent of shares outstanding.

Insiders sold a cumulative 228,052 shares over the past 90 days, totaling $58.60 million in dispositions. Notable transactions include Chris Kondo’s sale of 3,752 shares and SVP Katherine L. Adams’s sale of 47,125 shares, representing position decreases of 19.9 percent and 20.8 percent respectively. Despite the selling, insiders retain long-term confidence in product rollouts and AI integration efforts slated for 2026. Analysts, maintaining an average rating of Moderate Buy, forecast full-year earnings per share of $7.28 and anticipate that ongoing services momentum and supply chain optimizations will support continued margin expansion.