5 Best Augmented Reality Stocks to Buy Now

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1. Apple Inc. (NASDAQ: AAPL)

Market Cap: $2.242 trillion
Number of Hedge Fund Holders: 146

Apple Inc. (NASDAQ: AAPL) has already made its mark on the smartphone industry and is now moving towards newer products. Along with products like the Apple Watch, AirPods, and Apple TV+, the company is betting big on augmented reality products and is on track to bring it to the mainstream market. Apple’s AR journey began with the release of the ARKit in 2017 which was an augmented reality platform for iOS and was compatible with the iPhone and the iPad. Apple Inc. (NASDAQ: AAPL) also included a LiDAR scanner it its iPhone12 Pro which is supposed to be leveraged for a more immersive AR experience. The company is working to introduce its AR glasses called “Apple Glasses” which could be ready for launch within the next 2 years. The CEO of Apple, Tim Cook, is publicly bullish on AR and says that it is the next big thing that will pervade our entire lives.

According to Apple’s earnings report for Q1 of 2021, the company recorded a revenue of $89.6 billion, up 54% year over year, and quarterly earnings per diluted share of $1.40. Moreover, a cash dividend of $0.22 per share of the company’s common stock was also announced showing a year-over-year increase of 7%. The current consensus among 42 polled investment analysts is to buy stock in Apple Inc, according to CNN Business making it the best augmented reality stock to buy now.

Warren Buffett’s Berkshire Hathaway Inc. mentioned Apple in its investor letter as its biggest common stock investment in 2020 even though the conglomerate sold 9.81 million shares of AAPL at the end of the fiscal year.

Based on our calculations, Apple Inc. (NASDAQ: AAPL) ranks 10th in our list of the 30 Most Popular Stocks Among Hedge Funds.

You can also take a peek at George Soros’ Top 10 Stock Picks and 15 Most Valuable Cloud Computing Companies.

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