Apple (AAPL) Rose on Better-Than-Feared iPhone 17 Sales

Core Insights - The RiverPark Large Growth Fund reported a modest gain of 1.4% in Q4 2025, underperforming the S&P 500 and Russell 1000 Growth indexes, which returned 2.6% and 1.1% respectively [1] - For the full year, the Fund achieved a 13.3% increase, compared to 17.4% and 18.6% gains for the indexes [1] - The Fund's strategy focuses on companies with durable earnings and growth monetization, particularly in health care and parts of the AI value chain [1] Company-Specific Insights - Apple Inc. (NASDAQ:AAPL) was highlighted as a leading contributor to the Fund's performance, despite a one-month return of -8.24% [2] - Over the last 52 weeks, Apple Inc. shares gained 13.59%, closing at $251.64 on March 24, 2026, with a market capitalization of $3.7 trillion [2] - In Q4 2025, Apple Inc. saw positive stock performance due to better-than-expected iPhone 17 sell-through trends and strong momentum in its Services segment, which experienced double-digit growth [3] - The adoption of on-device AI features exceeded expectations, particularly in North America and Europe, contributing to elevated attach rates for Pro models [3] - Wearables returned to growth, supported by new health features and improved battery life, although macroeconomic challenges in China persisted [3]