The article compares Apple (AAPL) and Broadcom (AVGO) as 2026 investments. Apple's fiscal 2025 revenue rose 6.4% to nearly $416.2 billion, with net income of about $112 billion and free cash flow near $98.8 billion, while Broadcom's revenue jumped 23.9% to about $63.9 billion, with net income near $23.1 billion and free cash flow near $26.9 billion. Broadcom's 36.2% net margin beats Apple's 26.9%, but its top five customers account for about 40% of revenue, a concentration risk. The author, a longtime Apple shareholder, sees Broadcom as more attractive on future earnings estimates and suggests holding Apple but not adding to it, given its roughly $5 trillion market cap. The piece also warns that stock-based compensation inflates Broadcom's reported cash generation.
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Related tickers and likely impact
AAPL
• NeutralApple Inc.
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Technology Hardware, Storage & Peripherals |
| Market cap | $5.0T |
| Close on 10/20/2026 | 339.73 |
| Change that session | -0.94% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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