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Apple Inc. (AAPL - Free Report) recently reported robust first-quarter fiscal 2025 results, beating estimates for revenues and earnings. The iPhone manufacturer achieved record-breaking results, with all-time high total revenues, earnings per share, and services revenues. However, the company also reported weak iPhone sales. 

See the Zacks Earnings Calendar to stay ahead of market-making news.

Apple shares rose 3% in after-market hours on elevated volume, putting ETFs with the largest allocation to the tech titan in focus. Vanguard Information Technology ETF (VGT - Free Report), MSCI Information Technology Index ETF (FTEC - Free Report), iShares US Technology ETF (IYW - Free Report), iShares Top 20 U.S. Stocks ETF (TOPT - Free Report), and Technology Select Sector SPDR Fund (XLK - Free Report) all have Apple as the top firm with a double-digit allocation. Most of these ETFs have maintained positive ratings of Zacks ETF Rank #1 (Strong Buy) or #2 (Buy).

Apple Earnings in Focus

Earnings per share came in at $2.40, outpacing the Zacks Consensus Estimate of $2.36 and increasing 10% from the year-ago earnings. Revenues rose 4% year-over-year to a record $124.3 billion and edged past the estimated $124 billion, largely driven by its high-margin services division.

Services revenues, comprising iTunes, Apple Music, iCloud, Apple Pay, and Apple Care, rose 13.9% year-over-year to an all-time high of $26.3 billion. Revenues from Wearables, Home and Accessories, which includes Apple Watch, AirPods, HomePod, Apple TV, and Beats headphones, declined 1.7% to $11.7 billion. Mac and iPad sales rose by double-digit percentages to $8.99 billion and $8.09 billion, respectively, thanks to newer models powered by Apple’s latest silicon technology.

However, iPhone sales dipped 1% to $69.4 billion. Still, iPhone was the top-selling model in the United States, urban China, India, the United Kingdom, France, Australia, and Japan. It should be noted that Apple is still struggling in China, with sales falling 11.1% year-over-year to $18.5 billion.

The tech giant unveiled new Macs, including the new iMac, Mac Mini, MacBook Pro laptops, and a new iPad Mini during the quarter. Apple is set to release a slew of new products in the coming months, including a new entry-level iPhone SE, as well as new iPads and MacBook Airs, according to Bloomberg’s Mark Gurman. The company also plans to bring Apple Intelligence to more markets later this year.

For the ongoing fiscal second quarter, the iPhone maker expects “low to mid-single digit” sales growth.

ETFs to Buy

Provided below is a brief overview of the previously-mentioned ETFs that may be worth further consideration.

Vanguard Information Technology ETF (VGT - Free Report)

The Vanguard Information Technology ETF manages $84 billion in its asset base, and it provides exposure to 316 technology stocks. It currently tracks the MSCI US Investable Market Information Technology 25/50 Index. Apple accounts for a 17% share. Semiconductors, systems software, technology hardware storage & peripheral, and application software are the top four sectors of the fund.

The ETF has an expense ratio of 0.10%, whereas volume is solid at nearly 551,000 shares.

MSCI Information Technology Index ETF (FTEC - Free Report)

The MSCI Information Technology Index ETF is home to 296 technology stocks with an AUM of $13.1 billion. It follows the MSCI USA IMI Information Technology Index. Apple accounts for a 17.1% share in the basket.

The ETF has an expense ratio of 0.08%, while volume is solid at 296,000 shares a day. 

iShares US Technology ETF (IYW - Free Report)

The iShares Dow Jones US Technology ETF tracks the Russell 1000 Technology RIC 22.5/45 Capped Index, giving investors exposure to 140 U.S. electronics, computer software and hardware, and informational technology companies. Apple makes up 15.6% of the assets.

The ETF has an AUM of $20.4 billion, and it charges 39 bps in fees and expenses. Volume is good, as it exchanges approximately 634,000 shares a day. 

iShares Top 20 U.S. Stocks ETF (TOPT - Free Report)

The iShares Top 20 U.S. Stocks ETF offers exposure to the potential growth of mega-cap stocks, which may benefit from their scale and resources. It tracks the S&P 500 Top 20 Select Index and it holds 21 stocks in its basket, with Apple accounting for a 15% share in the basket.

The ETF has amassed $143.8 million in its asset base within three months of its inception, and it charges 20 bps in annual fees. It trades in an average daily volume of around 246,000 shares.

Select Sector SPDR Technology ETF (XLK - Free Report)

Finally, the Select Sector SPDR Technology ETF is the most popular and liquid ETF in the technology space, with AUM of $74 billion and an average daily volume of 4 million shares. It offers broad exposure to the technology sector and follows the Technology Select Sector Index.

The ETF holds about 69 securities in its basket, with Apple occupying the top position at 14.7%. Additionally, the fund charges 9 bps in fees per year from investors.

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