Apple Inc. Financial Report and Stock Price Prediction
By Terry Bingman, Financial Analyst
Company Overview
Company Name: Apple Inc.
Ticker Symbol: AAPL:NASDAQ
Current Stock Price: $207.49
Company Worth (Market Cap): $3.18 Trillion
CEO: Tim Cook
Headquarters: Cupertino, California, United States
Apple Inc. is a well-known company famous for products like iPhones, iPads, and Mac computers. As of now, each share of Apple costs $207.49. The company's total worth amounts to $3.18 trillion.
Financial Performance Overview
Balance Sheet Highlights (Quarterly)
A balance sheet is like a snapshot of a company's financial health, showing its assets (what it owns) and liabilities (what it owes).
Q2 2024:
- Cash and Short-term Investments: $67.15 Billion
- Total Assets: $337.41 Billion
- Total Liabilities: $263.22 Billion
- Total Equity: $74.19 Billion
Commentary:
Apple has a strong balance sheet, with a lot of cash and valuable assets, indicating good financial health.
Income Statement Highlights (Quarterly)
An income statement tells us about a company's revenue (money earned) and expenses (money spent).
Q2 2024:
- Revenue: $90.75 Billion
- Net Income: $23.64 Billion
Commentary:
Apple earns a lot of money, with a whopping $90.75 billion in revenue and a profit of $23.64 billion which shows how well the company is doing.
Cash Flow Highlights (Quarterly)
Cash flow refers to how money moves in and out of a business.
Q2 2024:
- Cash from Operations: $22.69 Billion
- Free Cash Flow: $20.61 Billion
Commentary:
Apple generates a lot of cash from its core business, showing it can continue to grow and pay dividends to shareholders.
Stock Price Prediction and Analysis
Historical Data and Trend Analysis
Recent Price Movements:
- 2024-06-21: $207.49
- 2024-06-20: $209.68
- 2024-06-18: $214.29
- 2024-06-17: $216.67
The stock price saw ups and downs. It dropped to $165 in April 2024 but bounced back to over $216 in June 2024.
Prediction Model and Future Outlook
Short-term Forecast (Next 6 Months):
- Expected Average Price: $215 – $225
- Potential High: $235
- Potential Low: $200
Medium-term Forecast (Next 12 Months):
- Expected Average Price: $225 – $240
- Potential High: $250
- Potential Low: $210
Key Drivers:
- Product Innovation: New gadgets and updates will increase sales.
- Service Revenue Growth: More people using Apple services (like Apple Music) means more steady income.
- Global Market Expansion: Selling more in new countries will help growth.
- Macro-Economic Factors: Things like global economy and trade policies will impact stock prices.
Conclusion:
Apple is a strong company with healthy finances and great potential for growth. While there might be some short-term price fluctuations, the longer-term outlook remains positive, driven by innovative products and expanding services.
Investment Recommendation:
Buy – Given its strong financial standing and growth potential, now is a good time to consider buying Apple stocks.
Disclaimer:
This report is for informational purposes only and does not constitute investment advice. Investors should perform due diligence before making investment decisions.
Prepared by Terry Bingman, Financial Analyst
