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News from category ‘Financial’
Apple to Reach $1 Trillion Market Cap Within 12–18 Months
According to the latest research note from an RBC Capital Markets analyst Amit Daryanani, Apple’s market cap may reach one trillion dollars within next 12 to 18 months. The main reasons for the rise of Apple’s market valuation are anticipation for the rumored OLED iPhone 8 and growth in the Services category driven by Apple Music, Apple Pay and other services the company provides to its customers.
Leave a commentApple’s Market Cap Reaches $800 Billion
Apple’s market cap has reached a new record high of more than $800 billion. The shares of the Cupertino-based giant grew to $153.7 allowing the analysts to raise price targets for Apple’s stock.
Apple Announced Financial Results in Q2 2017
Apple has announced the financial results in the second fiscal quarter of 2017. The quarterly revenue is equal to $52.9 billion, which is less than $50.6 billion in the year-ago quarter. International sales made up 65% of revenue.
Apple Reveals Results for Financial Q1 2017
Apple has announced its financial results in the first quarter of fiscal 2017. According to the official figures, the revenue accounted for $78.4 billion and net profit made $17.9 billion. In 2016, the these numbers were different: $75.9 billion and $18.4 billion respectively.
Apple Officially Announces Results in Fiscal Q4 2016
Apple its financial results in the fourth fiscal quarter of 2016 marking the decline in sales and revenue.
According to figures shared by the company, quarterly revenue accounted for $46.9 billion and quarterly net income totalled in $9 billion. International sales made 62% of the revenue. In the year-ago quarter, Apple reported about revenue of $51.5 billion and net quarterly profit of $11.1 billion.
Apple to Announce Financial Results in Q4 on October 27th
According to the latest post on Apple’s investor news webpage, the company will officially announce its financial results in the fourth fiscal quarter of 2016 on October 27th. The conference call and the earnings report will, among other things, help us understand whether the start of iPhone 7 and iPhone 7 Plus sales in the USA and other countries was successful and whether the demand for these devices is strong.
Apple’s Stock Price Returns to Above $100 Mark
Warren Buffett’s recent investment in Apple has helped the company stock to rise 9% and go back above the $100 mark for the first time over the last couple of weeks. According to the latest reports, Buffett’s conglomerate holding company Berkshire Hathaway has invested $1 billion in Apple and in such a way helped the tech giant to improve its position on the market.
Google Becomes World’s Most Valuable Company
Alphabet, Google’s parent company, has recently surpassed Apple and became the most expensive company in the world. Alphabet’s market capitalization is now equal to about $498.56 billion while the one of Apple is about $496.69 billion. Apple’s position has become much worse over the last couple of weeks because of the first decline in iPhone sales in the history. Even more, weak iPhone, iPad and Mac sales still continue to influence Apple’s market capitalization.
Apple Announces Financial Results in Q2 2016
Apple has announced its financial results in the second quarter of fiscal 2016. According to the data shared by the company officials, revenue generated in the course of last couple of months is equal to $50.6 billion and net profit accounts for $10.5 billion. This quarter’s earnings demonstrate the first decline in revenue in 13 years. Just for you to compare, one year ago, the figures were noticeably higher, $58 billion and $13.6 billion respectively.
Apple to Announce Financial Results in Q2 of Fiscal 2016 on Monday, April 25th
Apple will officially announce the financial results in the second quarter of fiscal 2016 on Monday, April 25th. The conference call will be held at 2:00 p.m. PT / 5:00 p.m. ET. After the event, the company will post the conference call recording to its official website, so that anyone can get access to it.
Below you will find the official announcement made by the company earlier today.
FY 16 Second Quarter Results
Apple’s conference call to discuss second fiscal quarter results is scheduled for Monday, April 25, 2016 at 2:00 p.m. PT / 5:00 p.m. ET
Aside from the financial results in Q2 of fiscal 2016, Apple may also share the information about the number of iPhone, iPad, Apple Watch and Mac units sold over the last couple of months, so stay tuned.
Apple Officially Launches Apple Pay in China
Just as it was reported yesterday, Apple has today officially launched Apple Pay in China, making the mobile payment system available for millions of customers in this large Asian country. The debut of the service in China is quite an obvious step aimed at making Apple and its products and services more popular, luring new customers and increasing profits.
Apple Announces Financial Results in Q1 2016
Apple on Tuesday announced the financial results in the first fiscal quarter of 2016. The tech giant posted quarterly revenue of $75.9 billion and net profit of $18.4 billion. In the year-ago quarter, Apple posted quarterly revenue of $74.6 billion and net profit of $18 billion, so looks like we have a new record here. The reason for such good results is quite obvious: first fiscal quarter corresponds to the fourth calendar quarter better known as the winter holiday quarter. Traditionally, Apple sells more products during these couple of months.
TSMC Reports Record-Breaking Net Profit in 2015
One of Apple’s largest component suppliers, Taiwan Semiconductor Manufacturing Company (TSMC), has recently reported the record-breaking net profit generated by the orders for processors for Apple’s iPhones. In fact, the manufacturer managed to beat all the estimates the analysts made for the last year and earned $9.15 billion, which is 16.2% more than in 2014.
Apple CEO Tim Cook Earned $10.3 Million in 2015
According to the latest figures shared by reporters, during the fiscal 2015, Apple CEO Tim Cook earned nearly $10.3 million. The salary accounted for $2 million, non-equity incentive compensation for $8 million and other types of income made additional $280,000. In 2014, Apple CEO managed to earn $9.2 million, which is approximately $1 million less than in 2015. Just like his company, Cook demonstrated a good financial result.
Apple to Announce Financial Results in Q1 2016 on January 26th
According to the latest announcement made by Apple on its Investor Relations portal, the company will release the report devoted to financial results in the first fiscal quarter of 2016, which is also the fourth calendar quarter of 2015 on Tuesday, January 26th.
