Company profile

Ticker
AAPL
Exchange
CEO
Timothy Donald Cook
Employees
Incorporated in
Location
Fiscal year end
Industry (SEC)
Former names
Apple Computer Inc, Apple Computer INC/ Fa, Apple Inc
SEC CIK
IRS number
942404110

AAPL stock data

(
)

Calendar

31 Oct 19
15 Nov 19
28 Sep 20

News

Company financial data Financial data

Quarter (USD) Sep 19 Jun 19 Mar 19 Dec 18
Revenue 64.04B 53.81B 58.02B 84.31B
Net income 13.69B 10.04B 11.56B 19.97B
Diluted EPS 3.03 2.18 2.46 4.18
Net profit margin 21.37% 18.67% 19.93% 23.68%
Operating income 15.63B 11.54B 13.42B 23.35B
Net change in cash -1.69B 12.54B -6.78B 18.86B
Cash on hand 48.84B 50.53B 37.99B 44.77B
Cost of revenue 39.73B 33.58B 36.19B 52.28B
Annual (USD) Sep 19 Sep 16 Sep 15 Sep 14
Revenue 260.17B 215.64B 233.72B 182.8B
Net income 55.26B 45.69B 53.39B 39.51B
Diluted EPS 11.89 8.31 9.22 6.45
Net profit margin 21.24% 21.19% 22.85% 21.61%
Operating income 63.93B 60.02B 71.23B 52.5B
Net change in cash 28.36B -636M 7.28B
Cash on hand 48.84B 20.48B 21.12B 13.84B
Cost of revenue 161.78B 131.38B 140.09B 112.26B

Financial data from Apple earnings reports

Financial report summary

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Risks
  • Global and regional economic conditions could materially adversely affect the Company’s business, results of operations, financial condition and growth.
  • Global markets for the Company’s products and services are highly competitive and subject to rapid technological change, and the Company may be unable to compete effectively in these markets.
  • To remain competitive and stimulate customer demand, the Company must successfully manage frequent introductions and transitions of products and services.
  • The Company depends on the performance of carriers, wholesalers, retailers and other resellers.
  • The Company is exposed to the risk of write-downs on the value of its inventory and other assets, in addition to purchase commitment cancellation risk.
  • Future operating results depend upon the Company’s ability to obtain components in sufficient quantities on commercially reasonable terms.
  • The Company depends on component and product manufacturing and logistical services provided by outsourcing partners, many of which are located outside of the U.S.
  • The Company’s products and services may be affected from time to time by design and manufacturing defects that could materially adversely affect the Company’s business and result in harm to the Company’s reputation.
  • The Company relies on access to third-party digital content, which may not be available to the Company on commercially reasonable terms or at all.
  • The Company’s future performance depends in part on support from third-party software developers.
  • The Company relies on access to third-party intellectual property, which may not be available to the Company on commercially reasonable terms or at all.
  • The Company could be impacted by unfavorable results of legal proceedings, such as being found to have infringed on intellectual property rights.
  • The Company is subject to complex and changing laws and regulations worldwide, which exposes the Company to potential liabilities, increased costs and other adverse effects on the Company’s business.
  • The Company’s retail stores have required and will continue to require a substantial investment and commitment of resources and are subject to numerous risks and uncertainties.
  • Investment in new business strategies and acquisitions could disrupt the Company’s ongoing business and present risks not originally contemplated.
  • The Company’s business and reputation may be impacted by information technology system failures or network disruptions.
  • There may be losses or unauthorized access to or releases of confidential information, including personally identifiable information, that could subject the Company to significant reputational, financial, legal and operational consequences.
  • The Company’s business is subject to a variety of U.S. and international laws, rules, policies and other obligations regarding data protection.
  • The Company’s success depends largely on the continued service and availability of key personnel.
  • The Company’s business can be impacted by political events, international trade disputes, war, terrorism, natural disasters, public health issues, industrial accidents and other business interruptions.
  • The Company expects its quarterly net sales and operating results to fluctuate.
  • The Company’s stock price is subject to volatility.
  • The Company’s financial performance is subject to risks associated with changes in the value of the U.S. dollar relative to local currencies.
  • The Company is exposed to credit risk and fluctuations in the values of its investment portfolio.
  • The Company is exposed to credit risk on its trade accounts receivable, vendor non-trade receivables and prepayments related to long-term supply agreements, and this risk is heightened during periods when economic conditions worsen.
  • The Company could be subject to changes in its tax rates, the adoption of new U.S. or international tax legislation or exposure to additional tax liabilities.
Management Discussion
  • Total net sales decreased 2% or $5.4 billion during 2019 compared to 2018, driven by lower net sales of iPhone, partially offset by higher net sales of Wearables, Home and Accessories and Services in all geographic operating segments. The weakness in foreign currencies had a significant unfavorable impact on net sales during 2019.
  • In April 2019, the Company announced an increase to its current share repurchase program authorization from $100 billion to $175 billion and raised its quarterly dividend from $0.73 to $0.77 per share beginning in May 2019. During 2019, the Company repurchased $67.1 billion of its common stock and paid dividends and dividend equivalents of $14.1 billion.
  • Apple Inc. | 2019 Form 10-K | 18
Content analysis ?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Bad
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