Abbott Cook(e)
06-24

$Apple(AAPL)$ remains a core holding for the future. iPhone’s resilient 15−series demand (especially in emerging markets) anchors growth, while Services now hits​∗∗​100B+ annual revenue​​ (25% margin vs. hardware’s 35%). With 2.2B active devices, Apple creates ​​recurring revenue moats​**​ via subscriptions (1B paid subs) and ecosystem lock-in.

Upcoming catalysts:

• ​​Vision Pro’s enterprise adoption​​ (20K+ early units to devs)

• ​​Generative AI integration​​ across iOS 18/Siri

• ​​India expansion​​ (15% YoY iPhone growth)[Smart][Smart][Smart]

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