Blackstone Inc., managed by Stephen A. Schwarzman, has significantly increased its stake in Apple Inc. (AAPL) by purchasing an additional 17,763 shares. This transaction comes as Apple shows modest gains over the past year, with analysts citing strong iPhone 17 demand, a rebound in China, high gross margins, and growth in Services and AI initiatives. TipRanks’ AI Analyst, Spark, rates AAPL as “Outperform” due to its financial performance and earnings outlook, despite some technical and valuation concerns.
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Blackstone Inc. boosts Apple stake with 17,763 shares
Blackstone Inc., managed by Stephen A. Schwarzman, has significantly increased its stake in Apple Inc. (AAPL) by purchasing an additional 17,763 shares. This transaction comes as Apple shows modest gains over the past year, with analysts citing strong iPhone 17 demand, a rebound in China, high gross margins, and growth in Services and AI initiatives. TipRanks’ AI Analyst, Spark, rates AAPL as “Outperform” due to its financial performance and earnings outlook, despite some technical and valuation concerns.