...Investment Analysis Paper on Apple Inc. Elijah Clark Walden University Investment Analysis Paper on Apple Inc. Apple Inc. (Apple) is a registered publicly traded company established in 1977 and is currently headquartered in Cupertino, California (Apple Inc., 2015a). The company’s products and services include mobile communication and media devices, portable digital music players, personal computers, software, accessories, services, networking solutions, and third-party digital content and applications. The company sells its products and digital services worldwide through online media, direct sales force, retail stores, through third-party wholesalers, and cellular network carriers. The company sells directly to consumers, small and mid-sized businesses, educational institutions, enterprises, and government agencies. The company’s operations are based in the Americas, Europe, Greater China, Japan, and retail. In 2014, the company’s direct and indirect distribution sales channels accounted for 28% and 72% of total net sales (Apple Inc., 2015a). The unit sales, which consisted of the iPhone, iPad, Mac, and iPod products, was 270,446 million units total within the company’s fiscal year (Apple Inc., 2015a). Board of Directors The 2015 proxy statement of Apple stated that the company annually selects its board of directors, which currently has 10 board members (Apple Inc., 2015a). Shareholders elect board of directors and the Board periodically reviews...
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...Contents 1- Current Scenario at Apple, Inc 2- Introduction to Capital Budgeting 3- Key Techniques of capital Budgeting 4- Payback Period 5- Accounting Rate of Return 6- Cash go for the company 7- Corporate overview 8- Financial trends 9- Market Cap Outlook 10- Fields of Competition 11- Differentiating factor 12- Financial Outlook 13- Financial statement 14- References Current Scenario at Apple, Inc: As of the end of financial year 2011, Apple incorporation has no long term debt in their balance sheet. Company is funded by its own cash and the equity capital that company has strengthened over the years. The market portfolio of the company has seen huge success and this has been the reason for company utilizing its cash for both shareholders wealth and also for keeping the increased investment and innovation going. It is very interesting to have a look at the patterns in which the company has managed its capital budgeting. Capital budgeting is an important decision for any corporation and same is the case with Apple Inc. Organization now needs to evaluate its future strategy on the basis of capital budgeting decision that it makes. Introduction to Capital Budgeting: The exercise conducted by business enterprises to determine whether projects like construction of a new plant or investment in a long-term venture would result in profitable gains is called capital budgeting. Projects which have long gestation periods are...
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...2014年4月14日 Strategic outsourcing of apple computers inc - Term Papers - Addsweetie « Study and create flashcards for free at Cram.com Upgrade | Hi cbccabc Get Access to over 1,668,827 More Essays. Upgrade Your Account Now. Essays Book Notes AP Notes Citation Generator More Search essays Home » Business & Economy Strategic outsourcing of apple computers inc By addsweetie, feb. 2012 | 2 Pages (465 Words) | 9 Views| (1) | | Upgrade to access full essay This is a Premium essay for upgraded members Strategic outsourcing involves separating out some of a company’s value creation activities within a business and letting them be performed by an independent entity. Indeed, Apple has outsourced various functions in terms of manufacturing, assembly and logistics as its contract manufacturers and outsourcing companies can perform several value-creation functions at a lower cost due to low-cost location and other competitive advantages. We are living in a globalized economy in which overhead and production costs are the single most important financial factor that can determine a product’s success or failure. Apple produces most of its products such as iPods, iPod minis and iPhone in China, thus ensuring a very low production cost and an increased US market attractiveness (Scribd, 2011).The single most important reason for outsourcing iPod and iPhone production to China is that the manufacturing costs are significantly lower than what...
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...Analysis on Apple EXPECTATIONS & EVALUATIONS The objective of this paper is to thoroughly analyze Apple’s financial history and status for the last five years (2003 – 2007). Other important topics will be discussed which include: the company’s background, its assets, bonds, stocks, etc. To support the analysis, different relevant ratios will be calculated for Apple Inc in order to estimate the company’s current status, and also to compare Apple Inc. to the computer industry and one of its major competitors – Dell. The financial analysis of Apple is based on evaluating company and industry data from various sources. A trend analysis was performed using data for the last five years, and presented in Excel charts and tables. Finally, I computed various ratios for Apple, and compared them to industry norms, and to Dell’s. Numerous graphs were created using MS Excel to support the analysis. EXECUTIVE SUMMARY History Apple Computer was formed in April 1976 by 25-year-old Steve Wozniak and 21-yearold Steve Jobs—both college dropouts. After selling a van for some extra start-up cash, the two set up shop in the Jobs’ family garage at 2066 Crist Drive in Los Altos, California, to start building computers. In 1977, Jobs and Markkula hired Michael Scott as the company’s first president and Chief Executive Officer (CEO).8 In April of that same year, Apple decided it would be beneficial to their marketing strategies if they updated their image before putting the Apple II on...
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...Running Head:APPLE RESPONSIBILTY AND STRATEGIES Apple Company responsibility and strategies Latoya Loving Contemporary Business Dr Jeffery Weaver Institutional Affiliation April 21, 2014 Corporate responsibilities and Marketing strategies Apple Inc is known world-wide because of the quality of the products it produces. This is a primary reasonwhy its sales have remained high. The mission of Apple Inc is to ensure that it remains socially responsible to the community it serves in addition to persuading the suppliers to comply with socially ethical issues. The mission expresses the commitment of the company in implementing corporate social responsibility activities, apart from providing innovative products to the customers. Corporate social responsibility is an important product to companies because it builds up the reputation of a company by showing the society that the company is not only after generating profits but also intends to support the society in other ways. The employees, suppliers and public members are all necessary for support. As for Apple Inc, their corporate social responsibility can be rated as average. It is not okay that the company has done nothing in terms of implementing corporate social responsibility (Backer, 2013). Internally, the company ensures that its employees are well compensated in relation to the performance of the company. On some occasions, the company has issued some of the products it makes to the employees for free, this...
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...The Implementation of Effective Organisational Change: Apple Inc. Simon Karuku Freelancing Table of contents Introduction…………………………………………………………………………………..4 SWOT Analysis ……………………………………...…………………………………… 5 i) Internal environment: Strengths……………………………………………………………..5 Ii) Internal Analysis: Weakness………………………………………………………………..5 iii) External Environment: Opportunities……………………………………………………....6 iv) External Environment: Threats……………………………………………………………..6 PESTL Analysis………………………………………………………………………………...7 i) Political factor analysis……………………………………………………………..7 ii) Economic factor analysis……………………………………………………………8 iii) Social factor analysis………………………………………………………………...8 iv) Technological factor analysis………………………………………………………..9 v) Environmental factor analysis………………………………………………………..9 vi) Legal factor analysis…………………………………………………………………10 Strategies used by Apple…………………………………………………………………………10 i) Diversification…..……………………………………………………………………10 ii) Research and Development…………………………………………………………..11 1. Brand positioning strategy………………………………………………………12 2. Product positioning strategy……………………………………………………..13 3. Pricing strategy…………………………………………………………………..14 Key Principles of Change Management needed by an organization……………………………14 1. Effective leadership……………………………………………………………..15 2. Effective Management…………………………………………………………..15 3. Stakeholder, Ethics and Governance…………………………………………….16 References……………………………………………………………………………18 List...
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...Balochistan University of information techonology engineering and management sciences | Implementing Strategic Management | APPLE Inc. | Rabia Iftikhar 12285 | MBA 5th B | Jun 24, 2013 | | | | | | Ma'am Mehwish Shahid Think Different ACKNOWLEDGEMENTS Praise and thanks to “ALLAH” Almighty, the one testing us all at all times and making decisions about what we don’t know and can’t know. The report being submitted today is a result of collective effort. There are innumerous helping hands behind who have guided us on our way. Writing this report appeared to be a great experience to us. It added a lot to our knowledge. This report is one of our memorable experiences in student life. Though words are inadequate in offering thanks to our teacher but we owe our profound gratitude to Ma’am Mehwish Shahid for stimulating our creative abilities by assigning this project to us and for her able guidance and useful suggestions, which helped us in completing the project in time. Whatever we have learnt from her and this project report has put indelible impression on our minds and it is our conviction that this learning experience will always be a source of help in our practical life and professional career. Finally, yet importantly, we would like to express our heartfelt thanks to our beloved parents, for cooperation, help, kindness...
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...Financial Statement Analysis Apple Inc. Muhammad Khan DeVry University Class: Acct305: Intermediate Accounting III Professor: Jodi Krausman 02-10-2013 Table of Contents Scope 3 Profile 3 Taxes 4 Deferred Tax: 4 Temporary and Permanent Tax difference: 7 Provision for Income Tax Expense: 8 Carryforward and Carryback losses: 10 Defined Benefit Plan 10 Earnings per Share (EPS) 11 Share based compensation 13 Cash Flow Statement 14 Executive Summary 16 Works Cited 17 Scope The project aims at analyzing the financial statements of Apple inc for the two periods ending September 2011 and 2012. The project will focus on specific elements of the Income statement, Balance sheet and Cash flow statements. They include Taxes, Employee benefits plans, Earning per share, Share based compensation and Cash inflows and outflows, providing detail description on each of them from the two most recent financial statements. Profile “It’s not a fruit anymore” the phrase so commonly used on the internet, whether twitter or Facebook. It is world’s most valuable company according to Dave Carpenter. It is none other than the one of the most money making company in the world Apple Inc. Apple Inc., together with subsidiaries, designs, manufactures, and markets mobile communication and media devices, personal computers, and portable digital music players; and sells related software, services, peripherals, networking solutions, and third-party digital content and applications...
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...business publications, newspapers and relevant magazines), provide a detailed history of Apple and describe the current state of the company and the corporation’s future goals and vision. (Page limit: 2-3 pages, double spaced. Please include references and in-text citations). On April 1st 1976 Apple Computer was founded in a garage as the result of the combined effort of Steve Jobs, Steve Wozniak and Ronald Wayne. At this time Steve jobs was working at Atari, under Atari founder Nolan K. Bushnell. Wozniak finishes work on the Apple 1 at the time when he was working for Hewlett Packard and made them an offer for $800 for a machine that runs BASIC. HP at that time turns down the offer. After that, they decided to cut the price to $666.66 and exhibited the computer at the Home Brew Computer Club meeting. Paul Terrell, president of Byte Shop Chain was impressed by the new invention and placed an order for 50 pieces. The order was delivered before the deadline. After short period of time Ronald Wayne decides to leave the company making Steve Jobs, Steve Wozniak the primary founders of the company. This was the first big order that Apple got. In the same year, both of them came up with Apple II. It dint attract any buyers. At this time the company was facing a financial crisis and needed funding. A Steve job asks his former boss to help him find some investors who had interest in the project. Nolan Bushnell, who was his former boss introduces Steve jobs to Mike Markkula , who then...
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...Apple Inc. 1 Apple Inc. 2 Apple Inc. Executive Summary This report provides an in-depth analysis of Apple Inc. (AAPL), with necessary recommendation increasing the wealth of the company and their shareholders. The primary competitors of AAPL would include companies such as the Intel Corporation, Target Inc. and any company that sell technological products. The total revenue for the most recent fiscal year was $182,795 billion dollars on their assets and $39,510 of net income. Timothy Cook has been the CEO of Apple Inc. since 2011, and received $9,222,638 in compensation last year, primarily from non-equity compensation. AAPL maintains their social image in society by creating products for all types of consumers and uses an environmentally friendly manufacturing processes when producing products. AAPL return on equity is 48%, which is 20% higher than the Intel Corporation, one of their many competitors. AAPL operating margin is 1.0% higher than, has 0.18 higher assets turnover and a higher financial leverage than of 0.43 compared to INTC. After analyzing AAPL financial data the best approach for AAPL to increase their ROE is to use existing revenue, financial leverage and add additional services to already created products. There are a few unique risks that AAPL face which includes technological changes with the economy/environment, competitors creating new products at a faster pace and selling them at a cheaper price, as well as systematic risk related...
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...the company’s financial data and the financial health of the company will be determined. Based on the financial review of the company, the risk level paired with minimization strategies will be determined. The paper will conclude with recommendations of the stock as an investment opportunity. Investments come in many forms. The key to any investment is knowing what type of investor you are and knowing exactly how you want to see your returns from your investment. A financial manager’s role is to educate the client about the risks and rewards of investing in publicly owned companies. Apple, Inc. Apple Inc. (Apple) is a publicly traded company that is responsible for designing, manufacturing and marketing several mobile communication and media devices. These devices include personal computers, portable music players, and related software. Products and services provided by Apple include the iPhone, iPad, Mac...
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...The aim of this essay is to collate the approach towards corporate social responsibility of two public limited companies, Apple and Samsung, which are both rivals and partners. In present, Apple is suing Samsung for patent breaches, however, at the same time Samsung is a supplier of some key components for Apple’s products. First of all, a basic definition of corporate social responsibility (CSR) will be presented and followed by comparison of the most important CSR initiatives divided according to the stakeholders, groups having a stake in an organization, that are most affected by the particular activities. These activities will then be discussed from the employees’ and management’s point of view. The essay will finish by outlining whether CSR initiatives are meant seriously. Corporate responsibility can be described as accepting, managing and being aware of the consequences of corporate decisions, and as stressing public good instead of private gain (Boddy, 2008: 689, 156). Social responsibility is based on the mutual dependence of society, environment and organisations (Mullins, 2007: 803). Several authors (Boddy, 2008: 149; Buchanan and Huczynski, 2010: 52) agree that corporate social responsibility belongs to the domain of ethics, which is between the domain of codified law and the domain of free choice. FTSE4Good Index Series have been created as an objective measurement of companies’ performance concerning CSR (FTSE, n. d.). First, in order to keep shareholders informed...
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...FINANCIAL STATEMENT ANALYSIS OF APPLE INC. INTERMAITE ACCOUNTING 312 PROFESSOR BRODERICK MARTINEZ BY: MURTAZA MOIZ TABLE OF CONTENT Cover Page Pg. 1 Table of Contents Pg. 2 Introduction Pg. 3 History Pg. 3 Financial Statement Breakdown Pg. 4 Conclusion Pg. 11 Financial Statements Pg. 12 Work Cited Pg. 16 INTRODUCTION Today this Financial Analysis will serve its purpose as a company which is one of the top leading in making computer manufacturing parts. I chose Apple for my course project mainly based on the fact that they release all their records to the public and they have excellent accounting practices. Apple Inc. is the popular name on almost 1 out of 5 people in the world, whom speak of it. It is by far one of the...
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...| 2014 | | MGT 306 | [Apple Inc] | [Type the abstract of the document here. The abstract is typically a short summary of the contents of the document. Type the abstract of the document here. The abstract is typically a short summary of the contents of the document.] | Introduction into Apple: Apple Inc. was founded in 1976 and incorporated in 1977; it is headquartered in Cupertino, California. Apple’s focus is designing and developing personal computers and other software programs and portable devices. Apple’s mission statement is “Apple designs Macs, the best personal computers in the world, along with OS X, iLife, iWork and professional software. Apple leads the digital music revolution with its iPods and iTunes online store. Apple has reinvented the mobile phone with its revolutionary iPhone and App Store, and is defining the future of mobile media and computing devices with iPad.” Apple’s vision statement captures their approach to the market and goals. The vision statement is “We believe that we are on the face of the earth to make great products and that’s not changing. We are constantly focusing on innovating. We believe in the simple not the complex. We believe that we need to own and control the primary technologies behind the products that we make, and participate only in markets where we can make a significant contribution. We believe in saying no to thousands of projects, so that we can really focus on the few that are truly important and meaningful...
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