AAPL: investors unimpressed by the launch of Reality Pro

If analysts are lost in guesswork about the future success or failure of the Reality Pro, Apple’s first XR headset and Tim Cook’s first big bet on the future, the same is not true for financial investors, who increasingly seem to view AAPL as a safe-haven stock. This is the case of Canada Pension Plan Investment Board, the largest Canadian pension fund, which increased its positions in AAPL by 50% during the first quarter of 2023, which corresponds to the purchase of 255,943 Apple shares in Q1. In total, the Canada Pension Plan Investment Board now owns 760,518 AAPL shares.

At the same time, the same fund shed 53% of its Tesla shares and a large group of stocks in the EV sector in general. Strange to note that in a context of a huge climate crisis, large financial funds prefer to bet on electronic devices than on electric vehicles intended to replace thermal cars in the long term, even if the Canada Pension Plan Investment Board is far from representing the general market trend (Tesla stock rose faster than Apple stock in Q1). One thing is certain, the Reality Pro is not scary, probably because investors remain convinced that the reign of the iPhone is not about to end…