Apple Inc. (NASDAQ:AAPL) is one of the 12 Most Owned Stocks by Hedge Funds So Far in 2025. UBS reiterated its “Neutral” rating on Apple with a price target of $210 on July 22. Analyst David Vogt noted a significant drop in iPhone demand in June, with sales down 18% compared to last year.

UBS estimates Apple Inc. sold about 45 million iPhone units in the June quarter, up 3.4% year-over-year. The weaker US dollar during the quarter could provide a slight revenue boost. UBS slightly increased its June quarter estimates but lowered September quarter forecast due to anticipated iPhone softness.

Apple Inc. is a well-known American multinational technology company famous for products like the iPhone, iPad, and Mac computers. Despite acknowledging AAPL’s investment potential, UBS believes certain AI stocks offer greater upside potential with less downside risk. For more information, see their free report on the best short-term AI stock.

Read more at Yahoo Finance: UBS Keeps Neutral on Apple (AAPL), Sees iPhone Demand Drop in June