TLDR
- Apple CEO Tim Cook joined Donald Trump’s business delegation in Beijing, where Xi Jinping pledged China would “open wider” to US companies.
- AAPL opened at $298.87 on Thursday, near its 52-week high of $300.92.
- Apple posted record Q2 2026 revenue of $111.2 billion, up 16.6% year-over-year, with EPS of $2.01 beating the $1.95 consensus.
- Wealth Enhancement Trust Services acquired a new stake worth ~$30.1 million, making AAPL its third-largest holding.
- Analysts hold an average “Moderate Buy” rating with a price target of $305.74.
Apple (AAPL) stock opened at $298.87 on Thursday, just below its 52-week high of $300.92, as a string of positive developments converged around the iPhone maker.
Tim Cook was among 17 US business leaders who traveled to Beijing with President Donald Trump this week. Chinese President Xi Jinping met with the group at the Great Hall of the People and told them China’s door to business “will only open wider and wider.”
Xi said China “welcomes stronger mutually beneficial co-operation with the United States” and that US companies will have “even broader prospects” in the country. Cook gave reporters a peace sign and a thumbs-up following the meeting.
The diplomatic visit carries weight for Apple, which relies heavily on China both as a manufacturing hub and a consumer market. iPhone revenue from the Greater China and India regions was a key driver in the company’s most recent quarter.
Apple’s Q2 2026 results, reported April 30, showed revenue of $111.2 billion — up 16.6% year-over-year and ahead of the $109.46 billion consensus estimate. EPS came in at $2.01, beating expectations of $1.95.
The iPhone segment generated $57 billion in quarterly revenue alone, driven by strong demand for the iPhone 17 series. The higher-margin Services segment hit an all-time high of $31 billion, with gross margins above 70%.
Institutional Money Moving In
Wealth Enhancement Trust Services Inc. disclosed a new position in Apple during Q4, buying 110,808 shares valued at approximately $30.1 million. The stock now makes up 3.8% of its portfolio — its third-largest holding.
Several other firms also added to existing positions during the same period. Institutional investors collectively own 67.73% of Apple’s outstanding stock.
Rokos Capital Management, run by hedge fund manager Chris Rokos, held 643,000 shares in Apple as of Q4 2025 — up 4% quarter-over-quarter.
Apple also raised its quarterly dividend to $0.27 per share from $0.26, paid out on May 14. The annualized dividend yield sits at 0.4%, with a payout ratio of 13.06%.
Analyst Targets and Market Sentiment
Robert W. Baird set a $310 price target on May 1. UBS set a $296 target with a neutral rating, also on May 1. Maxim Group upgraded the stock to “buy” in January with a $300 target. The average analyst price target currently stands at $305.74.
Of the analysts covering the stock, 22 have issued buy ratings, 11 hold, and one sell. The consensus is “Moderate Buy.”
AI optimism has added to the positive tone around the stock. Upcoming events like WWDC are being watched closely by investors for signs of Apple’s software and AI roadmap.
On the risk side, tariff uncertainty continues to hang over Apple’s hardware costs. An appeals court recently reinstated a 10% global tariff, which could pressure margins if extended.
Nvidia CEO Jensen Huang, also part of the Beijing delegation, said the meetings “went well” and called both Xi and Trump “incredible.” Huang is pushing to revive Chinese orders for Nvidia’s H200 chips — a reminder that US tech access in China remains a live negotiation.
Apple’s 50-day moving average sits at $263.92 and the 200-day at $267.00, with the stock trading well above both levels as of Thursday’s open.
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