Is Apple a Growth or Value Stock, or Both?

With a market cap of around $2 trillion, Apple is too big for investors to ignore. But which investment style does the stock suit? 

Dan Lefkovitz 26 April, 2021 | 9:51AM
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With a market capitalisation of roughly $2 trillion, Apple (AAPL) is too big for most investors to ignore.

Any investor holding a broad equity market index fund owns a generous helping of Apple. For example, it consumes nearly 5% of the Morningstar US Market Index – which contains 1,439 stocks – and this weighting is higher in other indices. Thanks to strong iPhone demand and a sticky customer base, Apple flourished both before and during the Covid-19 pandemic. Investors are slated to get the latest read on Apple’s earnings on April 28.

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About Author

Dan Lefkovitz

Dan Lefkovitz  is strategist for Morningstar’s Indexes group

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