Biondo Investment Advisors LLC purchased over 190,000 shares of Apple Inc. This new position accounts for 6.7% of Biondo’s total portfolio. Apple now serves as the firm's largest individual holding. Cibc World Market Inc. disclosed a new stake valued at approximately $944 million. Capital Square LLC and True Freedom Investing LLC also initiated new positions.
Institutional players signal a bullish outlook amid strong demand for the iPhone 18. John Ternus recently assumed the role of CEO during this period of growth. The company is developing a software update to resolve a rebooting bug on the iPhone 18 Pro.