$AAPL · Schwab Network · 2026-10-27
AAPL 是说话者今年最看好的股票，也是其最青睐的消费级 AI 标的，依据是 AI 驱动的多年升级周期与财务实力。技术面上正尝试突破；若能突破阻力，下一目标约 380 美元（还有 25–30 美元空间），周线图支持长期看涨观点，尽管存在看跌背离。
逐段跳播
今天你清单上排在最前面的是 Apple，我们已经谈了很多关于 John Turnus 时代会是什么样子，因为他本质上是一位硬件专家，而且他正用新的 Home Collection Duo 证明自己的实力。
我们将会看到新的 MacBook 以及许多其他新的、改进的产品。
At the top of your list today is Apple, and we've talked a lot about what the John Turnus era will be like , because he's essentially a hardware expert and he's proving his mettle with the new Home Collection Duo.
We're going to get new MacBooks and many other new and improved products.
是的，这绝对是其中一部分原因，因为现在正有大型发布在进行，你说得对，这就是我选出的年度最佳股票。这仍然是我最喜欢的消费级 AI。AI 正在成为日常生活的一部分，更快的设备、深度整合的生态系统，我认为它可能创造出持续多年的升级周期。
这正是我们在 Apple 身上寻找的东西，但不同之处在于，Apple 拥有投资于那个未来的财务实力，同时还在产生大量现金。
Yes, that's definitely part of it because there are big launches happening now and you're right , that's my pick as the best stock of the year. This is still my favorite consumer AI.
AI is becoming part of everyday life, faster devices, a deeply integrated ecosystem, and I think it could create multi-year upgrade cycles. That's what we're looking for in Apple, but the difference is that Apple has the financial strength to invest in that future and at the same time they're generating a lot of cash.
所以，我在寻找能够推动 Apple 设备多年升级周期的智能体 AI。今天我们迎来了 M6 发布。我刚升级了我的 Mac，正在考虑再升级一次，因为它的端侧 AI 性能比 M4 启动器快五倍。
我有一台 M5。但对于那些重度 AI 用户，甚至是企业用户，抱歉，是消费者，你甚至会用 Mac 来运行竞争对手的软件，重要的是要知道 Apple 产品对 LLM 保持中立，这对这一轮升级周期和 Apple 用户来说都是一件大好事。
So, I'm looking for agentic AI that can drive the multi-year upgrade cycle of Apple devices. Today we have the M6 launch. I just upgraded my Mac, thinking about doing it again because it delivers on-device AI performance five times faster than the M4 launcher.
I have an M5. So, but for those power AI users , even enterprise or, sorry, consumers , you're even using a Mac to run competitors' software and it's important to know that Apple products are LLM neutral, which is a great thing for this upgrade cycle and for Apple users.
最后但同样重要的是，应该放在首位的是现金收入。看自由现金流，它在 2025 年 12 月达到 515.5 亿。这比上一年高出 91%。不过，它在上一季度下降到约 319.1 亿，但在 2026 年 6 月再次加速，比上一年高出 31%。
但如果把现金流与其他超大规模云厂商相比，Apple 处于非常有利的位置，拥有非常强劲的资产负债表和出色的客户采用率。所以，这是我迄今为止的年度最佳股票。
And last but not least, what should come first is cash income. Looking at free cash flow , it reached 51.55 billion in December 2025. This was 91% more than the previous year. However, it declined to around 31.91 billion in the last quarter , but accelerated again in June 2026 and was 31% higher than the previous year.
But if we compare cash flow to other hyperscalers, Apple is in a very good position, with a very strong balance sheet and great customer adoption. So, this is my best stock of the year so far.
好。当我们看 Mag Seven 时，Apple 是这一组中表现最好的，年初至今上涨略低于 30%，过去 52 周也是如此。
Okay. And when we look at Mag Seven , Apple is the best performer in this group, up just under 30% year-to-date and over the past 52 weeks.
好，它正在尝试在这里突破。我们看看今天是否真的会发生。Apple 在过去一年左右表现相对不错，即使在我们看到该股因 AI 叙事对其不利而遭受一些损失时也是如此。但当它面对那次暴跌时，它能够守住 200 日移动均线。
从那里开始，我们开始看到向上突破或更高的下行趋势，这显然是看涨的。现在这里正在形成一种三角形结构，下沿指向向上，上沿几乎持平。过去两周我们一直在同一区间内交易，Marley。今天我们正试图突破那个阻力位。
如果我们能做到，如果你看扩展空间，那么我们谈论的是从当前水平再上涨 25 到 30 美元。这将把你带到下一个主要阻力区，大约 380 美元。现在，RSI 正在形成更低的高点和更高的低点。
你可以看到价格出现了一种盘整，这就是为什么我们看到 RSI 上是一条相当平坦的线。MACD 也是如此。我的意思是，12 EMA 和 26 EMA 几乎处于同一水平，并在这里走平。
Okay, this is trying for a breakout here. Let's see if that actually happens today. Apple has performed relatively well over the past year or so , even when we saw the stock suffer some losses as the AI narrative was n't in their favor.
But when it faced that collapse , it was able to hold the 200-day moving average. And from there we start to see this breakout to the upside or a higher downtrend, which is clearly bullish.
And now we have a kind of triangular structure forming here, with the lower levels pointing upwards and the upper levels almost equal. And we've been trading within the same range for the last 2 weeks , Marley.
And today we are trying to break above that resistance level. And if we can do that , if you look at the expansion, then we're talking about another $ 25 to $30 increase from the current level.
And this will take you to the next major resistance area, around $380. Now, the RSI is making lower highs and higher lows. And you can see that we are seeing a kind of consolidation in price , which is why we are seeing a pretty flat line on the RSI.
The same is true for MACD. I mean, the 12 EMA and the 26 EMA are almost at the same level and are flattening out here.
你喜欢这个技术形态，你瞄准的是一次突破。如果不成，20 日移动均线将作为你的第一个支撑区，其次是 50 日移动均线。如果我们看周线图，你可以对这只股票稍微更乐观一些。我们可以看到，看 3 年周线图，它再次形成更高的高点和更低的低点，但我们已经突破了过去两年半一直完好的通道形态。
我们正在创造新的相对高点。你还会看到当前水平的成交量或交易量在增加，这意味着在这个水平上有很多交易发生。我们还没有看到大幅下跌或崩盘。RSI 上有一个轻微的看跌背离，形成一个较低的顶部，而 MACD 处于看涨位置，12 EMA 高于 26 EMA。这表明 Apple 长期仍然看涨。
You're liking the technical setup , you're targeting a bit of a breakout. If not, the 20-day moving average will serve as your first support area , followed by the 50- day moving average.
And if we look at the weekly chart, you can be a little more optimistic about this stock. We can see that, looking at the 3-year weekly chart, it was again forming higher highs and lower lows, but we have broken the channel formation that has been intact for the past two and a half years.
And we are creating new relative peaks. You are also seeing volume or transaction volume increase at the current level, which means there are a lot of transactions happening at this level.
We have not yet seen a major decline or collapse. We have a slight bearish divergence on the RSI forming a lower top , while the MACD is in a bullish position with the 12 EMA above the 26 EMA.
This indicates that Apple is still bullish for the long term.
好，我们目前距离 Apple 最近触及的历史高点仅差 4 美元。我们报 347.32 美元，今日交易时段上涨 1%。
Okay, and we're currently just $4 away from Apple's all-time high that we recently touched. We are at $347.32, up one percent in today's session.
这个频道对 $AAPL 的历次判断
Schwab Network 在这只股票上共 50 条判断，这里只列相邻的几条。