Apple: A New Boss And A New And Higher Dividend (Rating Upgrade)

The author upgrades Apple (AAPL.OQ) from a Sell to a Buy, citing steady dividend growth, relative safety, robust fundamentals and outperformance despite AI and geopolitical concerns. Apple has returned 107% over five years (15.6% CAGR) and the author expects total returns exceeding 12% going forward. The piece argues China-related trade and innovation fears are overblown as iPhone market share gains continue, supporting continued capital appreciation and dividend reliability. The upgrade and bullish outlook could prompt investors seeking income and growth to increase AAPL exposure.