AAPL vs FUBO: How Apple Inc. and fuboTV Compare (2026)

Same yardstick, side by side (as of July 2026). Valuation lined up like this is most meaningful for two names in the same corner of the market, which these are. Figures are approximate; verify before investing.

Reading it: FUBO is the cheaper of the two on forward earnings, but cheaper is not the same as better. Pair the valuation with growth (how far the forward P/E sits below the trailing P/E) and risk (beta) before you decide.

The metrics above tell you which is the marginally better business. The bigger risk for most people is not picking the slightly worse stock, it is over-concentrating. AAPL and FUBO share themes, so owning both, or adding either to what you already hold, can quietly push a large share of your portfolio into one bet.

This is the part a generic comparison page cannot answer, because it depends on what you own. Connect your brokerage and Walnut shows your real, combined AAPL and FUBO exposure, flags overlap with your existing positions, and tells you if adding one would tip you past a concentration you are comfortable with, read-only by default, with your login staying at your broker. Walnut is not an investment adviser.

Apple (AAPL) designs and sells consumer hardware, software, and services. The iPhone is its largest product by revenue, complemented by Mac computers, iPad tablets, and the wearables category (Apple Watch, AirPods). The fastest-growing and highest-margin part of the business is Services: the App Store, iCloud, Apple Music, Apple TV+, AppleCare, advertising, and payments. Apple's strategy centers on a tightly integrated ecosystem where hardware, the operating systems (iOS, macOS, watchOS), and services reinforce each other and create high switching costs. The company designs its own silicon (the A-series and M-series chips) and outsources manufacturing primarily to partners like TSMC and Foxconn. Founded in 1976 and headquartered in Cupertino, California, Apple is one of the most valuable companies in the world and returns enormous cash to shareholders through buybacks and a growing dividend.

Full AAPL guide

fuboTV Inc. (NYSE: FUBO) is a live-TV streaming platform built around sports. It bundles live sports, news, and entertainment channels delivered over the internet, positioning itself as a cable-replacement service for viewers who want a broad lineup of live games without a traditional satellite or cable subscription. The company makes money in two main ways: recurring subscription fees from its monthly streaming plans, which are the dominant revenue source, and a growing advertising business that monetizes its live-viewing audience through ad-supported inventory across its content. Fubo has historically carried a relatively high monthly average revenue per user for a streaming service because its plans are priced like a pay-TV bundle rather than a single on-demand app.

Full FUBO guide

Both fit overlapping themes, but they are not interchangeable. The useful comparison is which set of drivers and risks you want exposure to.

• AAPL drivers: Services growth and margin; Installed base and switching costs.
• FUBO drivers: Scale From the Disney Combination; Sports-First Positioning.

A faster-growing, richer-valued name usually swings harder, so it suits a longer horizon and a higher tolerance for volatility; a steadier, more cash-generative business suits a more conservative or income-minded investor. The honest test is which set of risks you could hold through a drawdown: iPhone is still the majority of revenue, so any slowdown in smartphone replacement cycles or weakness in China, a large and competitive market, hits results directly. For FUBO, the core risk is economic: live-TV streaming carries very high programming and sports-rights costs, which keep gross margins thin and have historically driven large net losses; Fubo reported roughly $85 million in net losses over the trailing twelve months and a pro forma net loss in Q1 2026 even as adjusted EBITDA turned positive.

Growth-minded investors who believe the theme has years to run tend to accept the richer multiple for more upside; value-minded investors lean toward the cheaper forward earnings and steadier profile. Pick AAPL if you believe its drivers more; FUBO if you believe its. Many investors hold both, but since they share themes, that is a concentrated bet, not diversification. Decide deliberately and check overlap. For the full detail, see the AAPL and FUBO guides.

AAPL. Apple trades at a premium multiple for a hardware-rooted business, justified by its Services growth, enormous and consistent free cash flow, and aggressive buybacks that steadily shrink the share count. The valuation embeds confidence in installed-base durability; multiple compression risk rises if iPhone growth stalls or Services regulation bites.

FUBO. Fubo's financials shifted dramatically after the October 2025 combination with Hulu + Live TV, so trailing reported figures and pro forma combined figures can differ widely and should be read together. The business is still posting GAAP net losses driven by high content and sports-rights costs, even as pro forma adjusted EBITDA has turned positive, which is the gap the profitability thesis hinges on. Market capitalization has been unusually volatile in 2026 and varies by source and date, partly because Disney's roughly 70% ownership reshaped the public float and share structure; treat any single market-cap number as a snapshot rather than a stable anchor.

Headline figures (approximate, early 2026): AAPL shows revenue (ttm) ~$400 billion, operating margin ~30%, net income (ttm) ~$100 billion, gross margin ~46% (Services much higher than hardware); FUBO shows revenue (ttm) ~$5.3 billion (reported); ~$6.2 billion on a pro forma combined basis, north america subscribers ~6.2 million (combined, as of Q1 2026), arpu Subscription ARPU runs high for streaming (priced like a pay-TV bundle, historically in the mid-to-high $80s per month); exact combined figure varies by disclosure, net loss (ttm) ~$85 million reported; Q1 2026 reported net loss ~$19 million (pro forma net loss ~$46 million).

AAPL and FUBO are related but distinct: same themes, different businesses and risks. Neither wins in the abstract; the right pick is whichever thesis you actually believe, sized so you are not over-concentrated in one theme. Walnut can show your combined AAPL and FUBO exposure against your real portfolio. It is not an investment adviser.