Andrew Hill Investment Advisors, Inc. on Apple Inc.

Apple's thesis rests on the strength of its consumer ecosystem, loyal customer base, recurring services revenue and balance sheet. The fund highlights the first foldable iPhone as a potential catalyst for a future upgrade cycle. It also views the expansion of Apple Intelligence across devices as another way to deepen the ecosystem. Although growth is more measured than at many technology peers, the fund believes innovation, brand strength and shareholder-friendly capital allocation keep the investment attractive.