These 5 Stocks are Making Headlines Today

2. Apple Inc. (NASDAQ:AAPL) is up 1.6% as of 10:29 AM ET after David Vogt at UBS highlighted that services like “Apple Music, Apple TV+, and iCloud are increasingly becoming a key differentiator” for Apple Inc. (NASDAQ:AAPL). The analyst polled over 4,000 iPhone users across four different locations and discovered that US-based upgrades and retention remain strong, with the average iPhone handset age hovering around 2.3 years. He further shared that Apple services revenue is also driven by users with higher-end smartphones, such as the iPhone 12 and 13. Following “COVID-related strength,” App Store spending has “moderated,” while Apple Pay usage continues to rise.

At the end of Q4 2021, 134 hedge funds held a stake in Apple Inc. (NASDAQ:AAPL), up from 120 in the previous quarter.