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Egerton Capital (UK) LLP, managed by John Armitage, recently executed a significant transaction involving Apple Inc ((AAPL)). The hedge fund increased its position by 201,738 shares.
Recent Updates on Apple Inc stock
Recent developments for Apple Inc. (AAPL) involve significant geopolitical and regulatory challenges alongside strategic product launches. The company is grappling with the U.K.’s demand for a ‘back door’ to access user data, potentially leading to the cessation of encrypted storage services in the country. Furthermore, escalating tensions between the U.S. and China pose risks, with possible tariffs and an antitrust investigation into Apple’s App Store policies in China. On the product front, Apple plans to introduce a new, higher-priced version of the budget iPhone SE. Despite these challenges, hedge funds such as Egerton Capital and Robert Bender & Associates have increased their positions in Apple. The stock has experienced a year-to-date price performance of -7.00%, with an average trading volume of approximately 50,472,873 and a current market cap of $3419.8 billion.
More about Apple Inc
YTD Price Performance: -3.44%
Average Trading Volume: 50,562,326
Current Market Cap: $3628.3B
