5 Near Monopoly Stocks in the US

In this article, we will take a look at the 5 near monopoly stocks in the US. If you want to see more stocks in this selection, go to the 10 Near Monopoly Stocks in the US.

5. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders: 140

Apple Inc. (NASDAQ:AAPL) is a Cupertino, California-based diversified technology company that has the distinction of being the biggest company in the world in terms of market capitalization.

The company holds a near monopoly status in the fields of mobile application stores and mobile operating systems. Furthermore, the company is one of the market leaders in the web browser segment, along with Alphabet Inc. (NASDAQ:GOOGL), Microsoft Corporation (NASDAQ:MSFT), and Mozilla. The European Union (EU) has forced the company to allow other application stores to operate on its iPhones, and this regulation will come into force in 2024. Apple Inc. (NASDAQ:AAPL) stock is also the biggest holding in the portfolio of Warren Buffett’s Berkshire Hathaway Inc. (NYSE:BRK-B) as of Q3 2022.

Here’s what Wedgewood Partners said about Apple Inc. (NASDAQ:AAPL) in its Q3 2022 investor:

“Apple Inc. (NASDAQ:AAPL) grew revenues +5% (foreign exchange adjusted and excluding Russia) driven by record iPhone revenues that were up about +3% on an exceptional year ago comparison of +50%. Apple’s installed base is over 1.8 billion devices which helps drive a software and services business that has generated almost $80 billion of revenue over the past 4 quarters. As we have highlighted in the past, Apple’s relentless focus on the development and integration between hardware (especially ICs) as well as software, continues to add significant value for customers of its products and services. We expect this favorable competitive dynamic to continue for the foreseeable future.”