Apple Inc. Financial Report
Executive Summary
By: Terry Bingman, Financial Analyst
Apple Inc. is a big tech company that makes phones, computers, and other gizmos. They're based in Cupertino, California. With a mind-boggling value of $3.18 trillion and trading at $207.49 per share, Apple is one of the heavy-hitters in the tech world.
The Basic Info
- Company: Apple Inc.
- Stock Symbol: AAPL (on NASDAQ)
- Current Stock Price: $207.49
- 52-Week High: $220.2
- 52-Week Low: $164.075
- Market Value: $3.18 trillion (that's a lot of zeros!)
- Price-to-Earnings Ratio: 32.27 (we'll explain this in a bit)
- Dividend Yield: 0.482% (a small bonus for shareholders)
- CEO: Tim Cook
- Employees: 161,000
- Founded: April 1, 1976
- Website: apple.com
Important Definitions
Market Capitalization (Market Cap): Calculated by multiplying the stock price by the total number of outstanding shares. Think of it like the total value if you wanted to buy the whole company. For Apple, that's $3.18 trillion.
Price-to-Earnings Ratio (P/E Ratio): This shows how much investors are willing to pay for each dollar of earnings. For Apple, it's 32.27. If a company has a high P/E ratio, people expect high growth.
Dividend Yield: This is a small percentage of the stock price that the company pays back to its shareholders. Apple’s is 0.482%, so for every $1000 you have in Apple stock, you get about $4.82 in dividends each year.
Financial Statements Explained
Balance Sheet: Imagine this as Apple’s financial health scorecard. It tells us how much they own (assets) and owe (liabilities).
Income Statement: This is a snapshot of Apple's earnings and expenses over time. Think of it like a paycheck showing how much they earned and spent.
Cash Flow Statement: This shows where the cash comes from and where it goes. It's like checking your bank statement to see if there's more money coming in than going out.
Financial Highlights
Balance Sheet (Quarterly)
- Cash & Short-Term Investments: Around $67.15 billion to $73.10 billion over recent quarters.
- Total Assets: This went from $335.04 billion to $337.41 billion.
- Total Liabilities: From $263.22 billion to $274.76 billion.
- Total Equity: Sitting around $74.19 billion to $60.27 billion.
Income Statement (Quarterly)
- Revenue: Around $90.75 billion to $119.58 billion.
- Net Income: About $23.64 billion to $33.92 billion.
- Earnings per Share (EPS): It ranges from $1.26 to $2.18.
Cash Flow Statement (Quarterly)
- Cash from Operations: Around $22.69 billion to $39.90 billion.
- Free Cash Flow: Typically between $11.68 billion to $33.20 billion.
Historical Stock Price Performance
52-Week Range: Low of $164.075 in March 2024, high of $220.2 in June 2024. This shows the stock price has its ups and downs but tends to bounce back.
Prediction and Analysis
Short-Term (1-3 months): Expect stock price between $200 – $220.
Medium-Term (3-6 months): Price may go up to $210 – $230.
Long-Term (6-12 months): Could rise to $220 – $250.
Why Apple Could Continue to Rise
- Strong Financial Health: Yahoo! Apple’s revenue and cash flow are strong.
- Innovative Products: Apple keeps coming out with new must-have gadgets.
- Positive Market Sentiment: Investors feel good about Apple's future.
Risks to Watch Out For
- Market Volatility: Sometimes the market is unpredictable.
- Competition: New tech companies try to bite into Apple’s share.
- Regulations: Changes in tech laws could pose risks.
Conclusion
Overall, Apple Inc. looks financially strong with a promising outlook. The stock's history shows resilience and potential for growth. While there are market risks, the company’s strong fundamentals make it a good bet for the future.
Terry Bingman
Financial Analyst
