Apple Ecosystem Innovation Index



Index Performance




The theme of 'apple' within a financial context is primarily associated with Apple Inc., one of the world's most valuable companies, known for its portfolio of consumer electronics, software, and services. Drivers for Apple's financial performance include product innovation, ecosystem stickiness, brand loyalty, and a premium pricing strategy which contribute to robust profit margins. The company's integrated hardware and software strategy engenders a seamless user experience, fostering a strong, dedicated customer base. Apple's ability to continually innovate and release new products and features, such as the iPhone, iPad, and more recently, wearables like the Apple Watch and AirPods, drives recurring revenue and attracts new users. The shifting landscape of technology, such as advancements in artificial intelligence, augmented reality, and the adoption of 5G, acts as both potential tailwinds and risks, given the need for constant innovation to maintain its market lead. Global economic conditions, supply chain reliability, and international regulatory environments also significantly influence Apple's performance, with the potential to affect production and sales worldwide. Within the apple theme, several investable subcategories emerge, reflecting the diverse aspects of the company's business model and industry impact. The [[Consumer Electronics Sector]] subcategory covers companies involved in the production and sale of electronics intended for everyday consumer use, which may benefit from the same consumer trends buoying Apple's success. Another subcategory is the [[Semiconductor Industry]], given Apple's reliance on advanced chip technology for its devices, affecting semiconductor manufacturers and suppliers. The [[Software and Services Sector]] is relevant, considering Apple's expansion into services like Apple Music, Apple TV+, and its various application platforms. There is also the [[Wearable Technology Market]], which includes not only wearables like smartwatches and fitness trackers but also health and medical monitoring devices. The emerging field of [[Augmented Reality (AR)]] represents another subcategory, driven by technology that integrates digital interfaces with the physical world, an area that Apple has shown interest in according to its patent portfolio and product development efforts. Lastly, the [[5G Infrastructure]] subcategory is critical, as the adoption of 5G technology has direct implications for Apple's products' performance and capabilities. This index was generated with help from Thematic Assist.

  • TickerAPLECI
  • Inception Date11/30/2023
  • WeightingEqual
  • # of holdings94
What's inside?


All holdings as of February 29, 2024
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Pixelworks, Inc. (PXLW)2.24%$147.36M-14.92%43.08%1.36
Synchronoss Technologies, Inc. (SNCR)1.96%$100.18M-7.09%54.29%1.34
AXT, Inc. (AXTI)1.63%$210.37M-46.29%17.57%2.30
Ceragon Networks Ltd. (CRNT)1.55%$248.11M17.62%34.53%0.60
Ideal Power, Inc. (IPWR)1.49%$68.97M-85.41%-4,733.91%321.39
Skywater Technology, Inc. (SKYT)1.45%$562.88M34.63%20.92%1.71
Airspan Networks Holdings, Inc. (MIMO)1.45%$10.45M-65.30%36.69%1.20
Ichor Holdings Ltd. (ICHR)1.42%$1.26B-36.63%10.93%1.47
Ultra Clean Holdings, Inc. (UCTT)1.40%$1.90B-26.95%15.99%1.11
MKS Instruments, Inc. (MKSI)1.31%$8.01B2.11%37.00%3.04
Taiwan Semiconductor Manufacturing Co., Ltd. (TSM)1.29%$571.25B-8.67%54.36%7.43
Scientech Corp. (3583)1.27%$668.80M21.08%30.84%1.81
Inseego Corp. (INSG)1.27%$26.49M-20.23%16.71%0.96
Applied Materials, Inc. (AMAT)1.27%$164.14B-0.18%47.76%5.23
The Glimpse Group, Inc. (VRAR)1.26%$26.75M-29.63%54.41%1.22
Amtech Systems, Inc. (ASYS)1.25%$68.12M15.60%36.39%0.54
Onto Innovation, Inc. (ONTO)1.25%$8.87B-18.83%45.65%8.41
Lam Research Corp. (LRCX)1.24%$120.96B-28.79%47.16%7.16
Arteris, Inc. (AIP)1.23%$245.27M6.53%86.31%3.29
Sumitomo Electric Industries Ltd. (5802)1.22%$11.60B12.63%18.74%0.50
BE Semiconductor Industries NV (BESI)1.21%$14.48B-19.92%64.92%19.35
Veeco Instruments, Inc. (VECO)1.20%$1.97B3.14%41.50%2.51
KLA Corp. (KLAC)1.19%$91.01B-16.49%61.95%8.48
Broadcom Inc. (AVGO)1.18%$603.63B7.88%65.05%10.70
ASM International NV (ASM)1.17%$29.89B9.27%48.27%8.61
Monolithic Power Systems, Inc. (MPWR)1.16%$34.04B1.50%56.07%N/A
Entegris, Inc. (ENTG)1.16%$19.80B7.37%36.41%6.32
Ribbon Communications, Inc. (RBBN)1.15%$501.45M0.80%45.92%0.91
Merck KGaA (MRK)1.15%$22.19B-10.90%58.21%3.61
Cadence Design Systems, Inc. (CDNS)1.15%$81.83B14.83%88.92%18.08
TOP Engineering Co., Ltd (065130)1.15%$79.68M3.09%N/AN/A
Dycom Industries, Inc. (DY)1.14%$3.71B9.64%15.58%1.01
PDF Solutions, Inc. (PDFS)1.14%$1.26B11.64%68.02%6.77
One Software Technologies Ltd. (ONE)1.13%$956.39M13.34%14.74%1.02
QUALCOMM, Inc. (QCOM)1.13%$173.93B4.99%56.60%4.55
Compal Electronics, Inc. (2324)1.12%$5.02B-13.51%4.28%0.19
Tower Semiconductor Ltd. (TSEM)1.11%$3.60B-15.20%24.85%1.68
NXP Semiconductors NV (NXPI)1.10%$62.57B0.54%54.72%5.09
Universal Electronics, Inc. (UEIC)1.09%$110.09M-22.53%23.20%0.35
Genesem, Inc. (217190)1.09%$96.88M-5.28%N/AN/A
Element Solutions, Inc. (ESI)1.08%$5.65B-8.48%39.37%3.12
AT&T, Inc. (T)1.06%$121.31B1.40%43.72%2.36
MasTec, Inc. (MTZ)1.06%$5.89B29.58%7.54%0.77
Silicon Laboratories, Inc. (SLAB)1.06%$4.31B-23.62%55.64%4.91
Avient Corp. (AVNT)1.06%$3.63B-7.48%28.72%1.73
SemiLEDs Corp. (LEDS)1.05%$7.35M-2.65%14.85%2.17
Qorvo, Inc. (QRVO)1.04%$10.82B44.48%36.10%3.44
Sinopower Semiconductor, Inc. (6435)1.04%$136.06M-11.58%16.71%N/A
Allegro MicroSystems, Inc. (ALGM)1.03%$5.95B2.49%52.48%5.51
Hon Hai Precision Industry Co., Ltd. (2317)1.03%$45.28B-11.65%6.66%0.22
Texas Instruments Incorporated (TXN)1.02%$148.25B-12.53%62.90%9.10
Mospec Semiconductor Corp. (2434)1.01%$39.88M-11.78%10.68%19.71
InterDigital, Inc. (IDCC)1.01%$2.72B20.05%72.25%4.85
Samsung Electronics Co., Ltd. (005930)1.00%$365.15B-14.33%29.43%1.79
TES Co., Ltd. (095610)0.98%$267.53M-58.95%N/AN/A
Arrow Electronics, Inc. (ARW)0.97%$6.29B-10.82%11.99%0.33
Semtech Corp. (SMTC)0.97%$1.32B13.11%43.86%2.61
LG Electronics, Inc. (066570)0.97%$12.20B0.91%23.51%N/A
MACOM Technology Solutions Holdings, Inc. (MTSI)0.97%$6.20B-12.75%51.84%10.78
DuPont de Nemours, Inc. (DD)0.97%$29.08B-7.29%30.10%3.37
Niching Industrial Corp. (3444)0.96%$151.76M11.42%24.79%3.62
Sino-American Silicon Products, Inc. (5483)0.95%$3.44B-9.36%32.97%1.99
MAXST Co. Ltd. (377030)0.95%$95.43M-39.04%N/AN/A
Amkor Technology, Inc. (AMKR)0.95%$7.46B-8.30%14.50%1.24
Advanced Energy Industries, Inc. (AEIS)0.95%$3.66B-10.27%31.91%2.47
ON Semiconductor Corp. (ON)0.94%$32.68B-0.88%46.44%4.66
Apple, Inc. (AAPL)0.94%$2.80T2.07%45.87%7.87
Microchip Technology, Inc. (MCHP)0.93%$44.41B-18.60%54.86%6.41
Nanjing Panda Electronics Co. Ltd. (600775)0.92%$1.23B-36.69%16.45%2.28
Mosel Vitelic, Inc. (2342)0.92%$156.98M-31.07%4.36%N/A
Niko Semiconductor Co., Ltd. (3317)0.91%$126.70M27.13%27.35%1.11
Semiconductor Manufacturing International Corp. (688981)0.91%$24.58B-7.61%N/AN/A
Visteon Corp. (VC)0.90%$3.09B5.27%17.63%0.90
Alpha & Omega Semiconductor Ltd. (AOSL)0.90%$612.51M-12.44%26.62%1.00
Diodes, Inc. (DIOD)0.89%$3.10B-16.94%38.69%2.15
Kulicke & Soffa Industries, Inc. (KLIC)0.89%$2.71B-2.86%45.88%3.33
Taiwan-Asia Semiconductor Corp. (2340)0.89%$579.36M-12.31%23.42%N/A
Jilin Sino-Microelectronics Co., Ltd. (600360)0.88%$873.71M-19.43%24.87%4.89
Rambus, Inc. (RMBS)0.87%$6.13B1.39%69.13%15.56
Fine Semitech Corp. (036810)0.87%$328.53M-11.10%N/AN/A
Axcelis Technologies, Inc. (ACLS)0.85%$3.61B22.89%43.45%3.42
Wafer Works Corp. (6182)0.84%$683.45M-22.16%24.16%2.93
MagnaChip Semiconductor Corp. (MX)0.82%$259.32M-16.31%24.50%0.70
People & Technology, Inc. (137400)0.79%$672.31M30.54%N/AN/A
VOXX International Corp. (VOXX)0.78%$174.29M-5.45%23.13%0.51
indie Semiconductor, Inc. (INDI)0.78%$979.92M101.42%45.49%5.51
Navitas Semiconductor Corp. (NVTS)0.77%$1.03B115.01%10.58%17.03
RFsemi Technologies, Inc. (096610)0.77%$38.15M0.75%-7.72%5.96
Fossil Group, Inc. (FOSL)0.75%$56.68M-21.12%47.38%0.29
SiTime Corp. (SITM)0.73%$2.11B-49.23%57.01%15.20
Vuzix Corp. (VUZI)0.71%$109.39M-36.38%-54.90%13.77
BluGlass Ltd. (BLG)0.54%$35.73M89.54%-1,033.07%49.08
CommScope Holding Co., Inc. (COMM)0.47%$392.31M-32.83%27.60%1.39
Focus Universal, Inc. (FCUV)0.30%$22.10M424.90%23.01%150.05
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