Apple Inc. Kenya Jordan, Ashley Kirschmann, Etta Stewart, Leah Monego, Rodrigo Ramos ACC/280 March 27, 2011 Glenn Purcell Executive Summary for Apple, Inc. Company History Apple Inc. is a corporation that designs and manufactures computer hardware, software and other consumer electronic products. The company is known for the Macintosh personal computers, iTunes media applications and the iPod personal music players. Apple was founded in April 1976 by Steven Wozniak and Steve Jobs, both college dropouts. In 1976, Wozniak and Jobs created the Apple I computer which did not have a keyboard or power supply for a computer hobbyist club. Later that summer Wozniak started his development of the Apple II, which …show more content…
(Funding Universe, 2011). Assets and Account Payables Apple, Inc. (APPL) operates under a fiscal year accounting period. This period consists of the 52 (or 53) week period that ends on the last Saturday of September. September 25 was the specific date observed as the end of the annual reporting period for 2009 and 2010. Every six years Apple adds an additional week in its first fiscal quarter in an effort to realign its fiscal quarters with calendar quarter. Apple’s annual report, as submitted to the United States Securities and Exchange Commission (SEC) on Form 10-K, lists its total assets as $47,501 for fiscal year 2009 and $75,183 for fiscal year 2010. Its largest asset for the same two years was $18,201 in short-term marketable securities in 2009 and $25,391 in long-term marketable securities in 2010. Accounts payable listed as $5,601 in 2009 and $12,015 in 2010. All figures are noted in millions (Apple, Inc. Annual Report). Apple does not report taxes collected from its customers that are paid to governmental authorities. Apple’s 2010 annual report lists cash, cash equivalents, and marketable securities valued in 2010 as $51,011 million and in 2009 as $33,992 million. Total current assets in the year of 2010 were $41,678 million and for the year ending 2009 were $31,555 million. Current assets are listed in the order
Apples reported the company total assets for year ending September 25, 2010 as $75,183 million dollars; this is significant increase when compared to the 2009 report for year ending September 26, 2009 as $47,501 million dollars in total company assets. The
Apple had nearly $137 billion of cash at the end of Dec 2012. Over the past few years, the Company had been highly successful with the launch of the iPhone 3G in 2008, and which was followed by the launch of iPad in 2010. The Company enjoyed high profitability, and was able to keep its costs at a minimum. The gross margin on the iPhone was between 49% and 58% from October 2010 to March 2012, and the gross margin on the iPad was between 23% and 32% in the same time period. Apple’s capital structure included no debt; hence, there was no outflow of cash for making interest payments.
Apple is an American based company specializing in the manufacture of electronic products mainly computers and related accessories since 1976 (year of establishment) in California. The company has a new technology for their products that unfortunately, under the able management of the CEO, Tim Cook, experience compatibility issues for software and hardware applications with other existing computer. This has erupted into global debates in the industry with key players blaming the company for locking in Apple customers. The company generally has a global reach with revenues amounting to more than $156,508 billion by the end of the 2012 financial year (Apple Inc., 2014).Apple had 60,400 full-time employees worldwide according to a form filed with the US Securities and Exchange Commission (Camm-Jones, 2011). In 2012, the employees had increased to about 72,800 with profits
I believe that Apple has been successful because their leaders are innovative and creative with the products they make. For example, Apple is constantly enhancing their cell phones – iPhones – capabilities and designs to retain their customer 's base and attract new customers. Apple 's press release for 2015 announced that 2015 was Apple 's most successful year (Apple, 2016). The growth is mainly due to iPhones, Apple Watch, and Mac sales. Even though 2016 is not over yet, Apple has provided financial information. The company 's revenue is around $77.5 billion; gross margin is nearly 40 percent; and their operating expenses are around $6.4 billion (Apple, 2016). According to Ycharts (2016), Apple 's return on assets for June 2016, was reported at 16.28%.
Based on the solvency ratios that have been calculated, it can be realized that Apple has a stable, normal and acceptable position in terms of its allocation of debts, as compared with the proportions of its shareholders’ equity. With debt ratios at .5891 for FY 2015 and
Apple Inc. is an American multinational technology business headquartered in Cupertino, California, established by Steve Jobs, Steve Wozniak, and Ronald Wayne on April 1, 1976, to sketch, fabricate, and sell consumer electronics, computer software, and online services. Apple is the world 's second-largest information technology company after Samsung electronics, the world 's largest technology company by total assets. On November 25, 2014, Apple became the first U.S. Company to be treasured at over 700 billion dollars, besides being the largest publicly traded corporation in the world by market capitalization. Apple is a very successful producer of computer software and hardware, however it has demonstrated internal and external areas that need enhancement along with other areas that prove to be profitable.
Apple Incorporated are a private limited company in the private sector of the economy and the tertiary sector.
Apple has about 35,000 employees worldwide and had worldwide annual sales of US$32.48 billion in its fiscal year ending September 29, 2008. For reasons as various as its philosophy of comprehensive aesthetic design to its distinctive advertising campaigns, Apple has established a unique reputation in the consumer electronics industry. This includes a customer base that is devoted to the company and its brand, particularly in the United States. In 2008, Fortune magazi1 ne named Apple the most admired company in the United States. When Apple introduced the Macintosh Portable in 1989,
Apple’s Fiscal year is a 52-week period that ends on the last Saturday of September. This 2015 fiscal year Apple had revenue of $234 billion. Having had grown 28% from the prior year of 2014. On 2014 Apple’s revenue was $183 billion and on 2013 their Revenue was $171billion. If you notice this trend of revenue, Apple has grown every year. Apple had a Gross margin of $94 million with a 40.1% gross margin increase from 2014 that was $70 million and
For 52 weeks Ending 2001-09-29, Apple had $5,363 million in revenues, gross profit of $1,235 million, and a NEGATIVE operating income of $344 million. It incurred a loss of $52 million before tax, and Income After Tax was NEGATIVE $37 million. Apple improved its position in the next year, having revenues of $5,742 million, gross profit of $1,603 million, and a positive income of $17 million. Apple 's income after tax for the fiscal year was $65 million. For Fiscal Year ending 2003-09-27, Apple increased its Total revenue and expenses. Apple 's total revenues stood at $6,207 million, negative total expenses of $6,208 million. Apple 's income after tax stood at $68 million, and a net income of
Net sales during 2012 increased $48.3 billion or 45% compared to 2011. The Company has historically experienced higher net sales in its first fiscal quarter compared to other quarters in its fiscal year due in part to holiday seasonal demand. Actual and anticipated timing of new product introductions
Apple Inc., September 27, 2008. 2008 10-K Annual Report. Apple Inc. Available from: http://www.apple.com/investor/ [Accessed: 12 November, 2008]
Apple, Incorporated, 1 Infinite Loop is located in Cupertino, CA 95014. Their website is www.apple.com.Their Industry category is Computer Hardware/Personal Computers located in the Technology Sector. The Fiscal Year-end of 09/2011 recorded revenue of $65.23B with net income of $14.01B. Their 2010 Sales Growth was 52.0% and now has a total of 49,400 employees. Apple inc. is a corporation that was created in 1977 in California. The company product lineup consists of a large range of personal mobile communication devices, media devices, computing devices, and a variety of services and software. It also consists of
Apple is an American corporation that was founded by Steve Jobs and Steve Wozniak in April 1, 1976. The corporation develops and designs hardware electronics such as: MAC Personal Computers, iPod Media Player, iPhone Smartphone and iPad tablet. The software includes OSX and iOS operating systems, iTunes and iCloud. Similar to all companies in the industry, Apple has criticism on their way
In the last quarter of 2013, Apple has managed to sell 14.1 million ipads, 33.8 million iphones and approximately 4.6 million macs. All these new gadgets helped Apple to generate an enormous amount of $37.5 billion in revenue resulting in a huge profit of $7.5 billion. The full year results for Apple showed that they secured overall revenue of $171