According to the annual report 2013 , Apple was $ 170.91 billion of net revenue , a year earlier to $ 156.508 billion , an increase of 9.2% ; net profit of 37.037 billion U.S. dollars , a year earlier to $ 41.733 billion , down 11.3%. Apple sold 33.8 million quarter iPhone, higher than the 26.9 million last year , about 32 million higher than analysts had on average expected. Fourth -quarter sales in accordance with the geographical decomposition as follows: Cook said Apple's retail stores and distribution channels are on the market to invest in China , iPhone sales grew by 50 %. In addition to the major cities , Apple also plans to open stores in China more cities . For example , Apple recently opened a new retail store in Chongqing . By product division, the fourth quarter of 2013 : iPhone sales of 33.8 million , compared with $ 26.9 million , innovation in the history of the September quarter, the best sales record ; iPhone and related products and services revenue of $ 19.51 billion last quarter of $ 18.154 billion , compared to $ 16.645 billion , growth of 7% , an increase of 17% ; iPad sales of 14.1 million units, compared to 14 million last year ; iPad and related products and services revenue was $ 6.188 billion , $ 6.374 billion last quarter , compared to $ 7.133 billion , fell 3 percent , down 13 % ; Mac computer sales of 460 million units, compared to 4.9 million last year ; Mac computer and related services revenue was $ 5.624 billion , $ 4.893 billion last quarter , compared to $ 6.617 billion , growth of 15% , down 15% ; iPod revenue of $ 573 million last quarter to $ 733 million , compared to $ 820 million , fell 22 percent , down 30% ; iTunes, software and services sales of $ 4.26 billion , $ 3.99 billion last quar... ... middle of paper ... ..., the new Retina MacBook Pro, Mac Pro, OS X Mavericks, the new version supports OS X and iOS iWork, iLife, and more earlier also launched new iPhone 5S and iPhone 5C mobile phone . Apple is expected in the first quarter of fiscal year 2014 ushered in more growth . However , Apple has not made overly optimistic expectations. Apple expects revenues for the next quarter of $ 55 billion to $ 58 billion , according to the expectations of the ceiling , Apple's revenue growth next quarter is only 6.4%. Analysts generally believe that Apple should regain rapid growth , develop new product category has become very necessary . Apple CEO Cook promised to launch a new product category in the 2014 fiscal year earnings analyst at the meeting, but did not disclose more specific details. If you can successfully develop new products , Apple is expected to return to high growth track.
Apple Computer Inc designs, manufactures, and markets personal computers and related personal computing and communication solutions. The return of Steve Jobs, the companies founder, as CEO has pulled the company’s stock price up 775-percent through his launch of innovative products such as the iMac computer line. On January 5, 2000, Jobs announced that he was dropping interim from his CEO title and taking the job full-time. With this news and Apple’s new products such as the iBook, a portable pc and Quick TV, an internet television access feature, Apple Computer is headed for success and is sure to increase their share in the computer market.
Revenues. According to Johnson & Johnson 2013 Full-Year Sales, they had worldwide sales of $71.3 billion.
Apple Inc. headquartered in Cupertino, California was founded in 1976 by three men named Steve Jobs, Steve Wozniak, and Ronald Wayne. Apple Inc. has a strong presence worldwide; the company currently has 478 Apple retail stores in 17 different countries. The company focuses primarily on designing, developing, and selling electronics, computer software, and online services. Some of the hardware products are; iPhone, Mac laptop, the Apple watch, and the iPad tablet. Apple Inc. has become one of the most important American companies due to its innovative skills. According to a Forbes article, “The Boston Consulting Group ranks Apple as the world’s most innovative company. Apple has topped BCG’s list of 50 companies every year since 2005.”(Adams,
Apple pays about $6 billion annually in federal taxes on these sales. Congress has no authority over sales outside of the United States. This is where one has to question the United States antiquated corporate tax system, which was created long before it was common for United States corporations to have such global operations. It does not seem reasonable to expect a company to bring the money back to the United States just to be taxed at 39%, just because it is the right thing to do. If the tax code was written in a way that allowed foreign profits to be repatriated at a single digit percentage rate, I believe more companies would prefer to have their money in the United States. This is not going to happen at the current 39%
Steve Jobs stepped down as the CEO of the company on August 24,2011. He gave Apple a series of successful products like ipod, iphone and ipad. But speculations rose as whether the company will continue to grow at the same pace when Tim Cook joined it. Some said that Apple is losing on innovation on new products or strategies while others criticized Cook on his way of working in the company. But, recent financial statements prove all of them wrong. Apple became the most profitable company in history last week. According to a report by guardian.com the tech giant made $18 billion in just three months by selling 34000 iphones from October to December. Apple now has $178 billion cash in the bank which gives
Apple’s brand is worth $145.3 billion dollars (Badenhousen, 2015). The company was the top brand on Forbes’ list of the World’s Most Valuable Brands for a fifth straight time in 2015. Apple is worth two times as much as any other company on the entire planet, but spends only a little over a billion dollars a year on advertising which is a third of what some other electronics companies spend (Badenhousen, 2015). The company relies on its loyal following of fans to promote its products. In the past 15 years, Apple has revolutionized four electronic industries, iPhone, iPad, iPod, and iTunes (Badenhousen, 2015).
Apple Inc.’s Financial Analysis case study will cover the nine-step assessment process to evaluate the company’s future financial health. The nine-step evaluation process will entail the following: 1) Fundamental analysis covers objectives, plan of action, market, competing technology, and governing and operational traits, 2) Fundamental analysis-revenue direction, 3) Investments to support the firm’s entities action plan, 4) Forthcoming profit and competitive accomplishment, 5) Forthcoming external financial requirements, 6) Accessibility to direct at sources of external finance, 7) Sustainability of the 3-5 year plan, 8) Strain examination beneath scenarios of calamity, and 9) Present financial plan (State University, 2013). The fundamental analysis will be explained primarily in the next section.
This time, however, it was no exaggeration. Though it took Apple well over a year to sell its first million units, during the last holiday season it was moving a million iPods every week. It holds a market share of about 75% of the MP3-player market (an astounding figure for a consumer electronics category). Its iTunes music store has an even more impressive 88% share of legal song downloads.
In the late 1990s, with the release of Windows, Apple was placed on the right track. Apple released its’ 20th Anniversary Macintosh in 1997 which marked the beginning of Apple’s return (Crofford, 2011). The next year, Apple released the IMac, which was a highly received by the public. Apple reported over $80 billion in cash on its’ last Form 10-K filing with the Securities and Exchange Commission (Emerson, 2011). Today Apple produces several different products including IPhone...
Apple is a multinational company with strong financial backups. They own various other business units, which provide Apple a stable financial position. Due to Apples financial stability the company has enough working capital. Therefore Apple always was and still is able to open numerous store outlets worldwide. As one can see below Apples Net Sale is increasing enormously from $108,246 million in 2011 to $170,91 million in 2013 (Apple Inc., 2012).
Apple is one of the world’s greatest tech company and has its products sold in many countries. Apple makes about 34 percent of iPhone sales in America while compared to Android sales which is about 20 percent (Tung).
Apple normally doesn’t invent a new product or product category. Sure, the company did invent the first commercial PC with the Apple II,
Apple Inc. was established by Steve Jobs and Steve Wozniak on April 1, 1976 as a computer designer, developer and seller company. However, the company shifted its focus from only personal computer to include other consumer electronics such as portable media player and mobile phone in 2007. Apple Inc becomes one of the most popular makers in its field since it seems that its popularity has increased according to a report on www.statista.com that Apple Inc’s products sales was generally increasing throughout the first quarter of 2006 to the first quarter of 2014. On the one hand, it has increased its revenue from about 14 billion US dollars to more than 170 billion US dollars in 2013. All in all, the company is highly successful corresponding to its products’ development and their sales growth in world’s market.
In 2007, after thirty years, the organization changed its name from Apple Computer to Apple Inc., this was a significant move because the organization became more independent, and it was no longer known as a vendor to Macintosh personal computer line (Yoffie & Slind, 2008). This strategic move paid off; a year and half later, Apple Inc.’s third quarter net profit of $1.07 billion on a $7.46 billion in revenue (Yoffie & Slind, 2008).
delivered a 3.1 percent increase in net sales to $288 billion. Comp sales growth of 0.6 percent