Apple's Annual Financial Report: Apple

comparative Essay
723 words
723 words

Apple is one of the famous companies in the world top. With many strategies and good design are launched each quarter market attracts thousands of consumers. Today, Apple leads the world in innovation with iPhone, iPad, Mac, Apple Watch and Apple TV. Apple’s four software platforms — iOS, OS X. For all these enterprises the general as well as all the large and small companies in particular, issues an annual financial report is extremely important. There for, Apple is also not in exception. However, how to know about the company’s report is not easy. Beside that, the company’s annual report it is disseminated to all of company’s employee, leader, director. For example, they are departmental management, financial controllers and accountant. …show more content…

Financial statements are a useful tool for assessing the comparison between enterprises. From financial report shows everything that the company owns the debt and profits and losses within a certain period of time and position of the company changes how from the final report. In its annual report, Apple said it sold nearly 170 million iPhones in fiscal 2014, up 13% compared to 2013. The total value of the sale of the iPhone at more than 100 billion US dollars, accounting for 56 % of total company revenues. Have to say, Apple is dependent on their iPhones. According to data from IDC web site, specializes in providing consulting services to investors in the field of information technology, there are 5 major phone providers in the world is Samsung, Apple and Lenovo . Samsung led the market share. They contributed 21.4% of total handsets sold as of 02 June 2015. However, this figure fell by more than 3% over the same period last year, similar to Lenovo fifth. Apple holds the second position but their phone number sold over the same period last year increased by …show more content…

(References: Apple today announced financial results for its fiscal 2015 fourth quarter ended September 26, 2015. The Company posted quarterly revenue of $51.5 billion and quarterly net profit of $11.1 billion, or $1.96 per diluted share. These results compare to revenue of $42.1 billion and net profit of $8.5 billion, or $1.42 per diluted share, in the year-ago quarter. Gross margin was 39.9 percent compared to 38 percent in the year-ago quarter. International sales accounted for 62 percent of the quarter’s

In this essay, the author

  • Compares the company's quarterly revenue of $50.6 billion and quarterly net income of $10.5 billion, or $1.90 per diluted share, to the year-ago quarter.
  • Explains that the board of directors has authorized an increase of $50 billion to the company’s program to return capital to shareholders.
  • Explains that apple's annual financial report is a useful tool for assessing the financial situation of an enterprise, for comparison with other competitors.
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