AAPL vs LOGI: How Apple Inc. and Logitech International 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: LOGI 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 LOGI 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 LOGI 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

Logitech International (LOGI) designs and sells computer and mobile peripherals: mice, keyboards, webcams, headsets, video-conferencing hardware, tablet accessories, and a large gaming portfolio under the Logitech G and Astro brands, plus streaming gear through Blue and Streamlabs. It reports across categories including gaming, keyboards and combos, pointing devices, video collaboration, webcams, tablet accessories, and headsets. The company is Swiss-headquartered but reports in US dollars, runs a March fiscal year end, carries no debt, and returns cash through an annual dividend and buybacks. It sells worldwide through retail and online channels and increasingly targets the enterprise video-collaboration market as a higher-value adjacency to its consumer roots.

Full LOGI 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.
• LOGI drivers: Diversified peripherals leadership; Gaming and video collaboration.

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 LOGI, logitech sells discretionary consumer electronics, so results are cyclical and sensitive to PC demand, consumer spending, and channel inventory swings.

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; LOGI 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 LOGI 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.

LOGI. Logitech trades at a mid-teens to low-twenties earnings multiple, roughly in line with a mature, profitable hardware franchise rather than a growth premium. The debt-free balance sheet, high-teens non-GAAP operating margins, and a modest dividend payout give the story a quality and cash-return tilt. The valuation embeds expectations for steady low-to-mid single-digit revenue growth, so a demand or margin disappointment (tariffs, weak PC cycle) is the main derating risk.

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); LOGI shows revenue (fy2026, ended march) ~$4.8 billion, revenue growth (fy2026) ~6% year over year, non-gaap operating margin ~18.8%, q1 fy2026 sales ~$1.15 billion, up ~5%.

AAPL and LOGI 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 LOGI exposure against your real portfolio. It is not an investment adviser.