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Formal Controls : Control Activities Initiated By Management

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VII. Financial Projections/Evaluation and Control
Formal Controls: Control Activities Initiated by Management
Input controls—actions taken prior to implementation of the strategy
Recruiting, selecting, and training employees are among the most important input controls. iPhone’s Human Resources Department is responsible for reporting on the employee recruitment and the performance of employees in the company.
The second significant input control deals with financial resources. iPhone’s inventory turnover is higher than the industry average because of its strong sales. Making people excited about their new launching product is iPhone’s main strength. The iPhone is by far the most important and valuable product in Apple 's portfolio. Although iphone shareholders worried about that the meteoric rise in iPhone sales appears to have peaked, iphone is still financially healthy as it is able to finance its operations by current liabilities only.
Also worth to mention is iPhone 's Services division, which includes iTunes and the App Store, Apple Pay. Services revenue for Q3 2016 was $6bn, up from $5bn a year ago. This is down to a 37% revenue jump from the App Store and "strong increases" in Music, iCloud and AppleCare revenue. This is an excellent showing from Apple 's up-and-coming division.
All these mentioned above demonstrated that iphone is very financially independent and has a strong financial position, and this also means the resource allocation decisions such as manpower

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