Company profile

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

AAPL stock data

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)

Calendar

31 Jul 20
3 Aug 20
26 Sep 20

News

Company financial data Financial data

Quarter (USD) Jun 20 Mar 20 Dec 19 Sep 19
Revenue 59.69B 58.31B 91.82B 64.04B
Net income 11.25B 11.25B 22.24B 13.69B
Diluted EPS 2.58 2.55 4.99 3.03
Net profit margin 18.85% 19.29% 24.22% 21.37%
Operating income 13.09B 12.85B 25.57B 15.63B
Net change in cash -6.79B 403M -9.07B -1.69B
Cash on hand 33.38B 40.17B 39.77B 48.84B
Cost of revenue 37.01B 35.94B 56.6B 39.73B
Annual (USD) Sep 19 Sep 18 Sep 17 Sep 16
Revenue 260.17B 265.6B 229.23B 215.64B
Net income 55.26B 59.53B 48.35B 45.69B
Diluted EPS 11.89 11.91 9.21 8.31
Net profit margin 21.24% 22.41% 21.09% 21.19%
Operating income 63.93B 70.9B 61.34B 60.02B
Net change in cash 22.93B 5.62B -195M -636M
Cash on hand 48.84B 25.91B 20.29B 20.48B
Cost of revenue 161.78B 163.76B 141.05B 131.38B

Financial data from Apple earnings reports

Date Owner Security Transaction Code 10b5-1 $Price #Shares $Value #Remaining
8 May 20 Kondo Chris Common Stock Sell Dispose S No 305.62 4,491 1.37M 7,370
28 Apr 20 Andrea Jung Common Stock Option exercise Aquire M No 48.9457 9,590 469.39K 33,548
28 Apr 20 Andrea Jung Director Stock Option Common Stock Option exercise Dispose M No 48.9457 9,590 469.39K 0
16 Apr 20 O'brien Deirdre Common Stock Sell Dispose S Yes 286.82 2,161 619.82K 33,972
16 Apr 20 O'brien Deirdre Common Stock Sell Dispose S Yes 285.66 1,847 527.61K 36,133
16 Apr 20 O'brien Deirdre Common Stock Sell Dispose S Yes 284.52 2,851 811.17K 37,980
16 Apr 20 O'brien Deirdre Common Stock Sell Dispose S Yes 283.82 2,278 646.54K 40,831
15 Apr 20 Kondo Chris Common Stock Payment of exercise Dispose F No 284.43 2,345 666.99K 11,861
15 Apr 20 Kondo Chris Common Stock Option exercise Aquire M No 0 5,916 0 14,206
15 Apr 20 Kondo Chris RSU Common Stock Option exercise Dispose M No 0 1,143 0 7,997
62.0% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 3250 3280 -0.9%
Opened positions 150 429 -65.0%
Closed positions 180 119 +51.3%
Increased positions 1149 891 +29.0%
Reduced positions 1799 1743 +3.2%
13F shares
Current Prev Q Change
Total value 656.78B 783.11B -16.1%
Total shares 2.69B 2.66B +1.2%
Total puts 72.1M 97.55M -26.1%
Total calls 67.08M 92.97M -27.8%
Total put/call ratio 1.1 1.0 +2.4%
Largest owners
Shares Value Change
Vanguard 336.73M $85.63B +2.2%
BLK BlackRock 274.68M $69.85B -1.1%
BRK.A Berkshire Hathaway 245.16M $62.34B 0.0%
STT State Street 180.56M $45.91B -1.3%
Advisor 116.77M $536.88M NEW
FMR 93.38M $23.74B -3.1%
Geode Capital Management 64.18M $16.29B +2.7%
N Price T Rowe Associates 56.2M $14.29B +8.5%
NTRS Northern Trust 53.86M $13.7B -2.1%
BK Bank of New York Mellon 41.86M $10.64B -0.2%
Largest transactions
Shares Bought/sold Change
Advisor 116.77M +116.77M NEW
Norges Bank 0 -46.86M EXIT
Johanson Financial Advisors 56.64K -16.84M -99.7%
Vanguard 336.73M +7.41M +2.2%
GS Goldman Sachs 26.51M -4.86M -15.5%
N Price T Rowe Associates 56.2M +4.42M +8.5%
Arrowstreet Capital, Limited Partnership 4.53M +4.22M +1386.6%
Wellington Management 26.94M +4.15M +18.2%
BAC Bank of America 38.9M -3.6M -8.5%
Nuveen Asset Management 31.02M -3.54M -10.2%

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 increased 11% or $5.9 billion during the third quarter of 2020 compared to the same quarter in 2019, primarily driven by higher net sales of Services, iPad and Mac. The year-over-year increase in net sales during the third quarter of 2020 reflected growth in all of the Company’s geographic reportable segments and product categories. The weakness in foreign currencies relative to the U.S. dollar had an unfavorable impact on net sales during the third quarter of 2020.
  • During the third quarter of 2020, the Company released a new iPhone SE and an updated 13-inch MacBook Pro®. The Company also announced iOS 14, iPadOS® 14, macOS® Big Sur, watchOS® 7 and tvOS® 14, updates to its operating systems that are expected to be available in the fall of 2020.
  • The Company repurchased $16.0 billion of its common stock and paid dividends and dividend equivalents of $3.7 billion during the third quarter of 2020.
Content analysis ?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
New words: AdjustedCost, agency, annulled, Big, FairValue, Katherine, Max, preliminarily, pronounced, scheduled, SE, split, Subtotal, Sur, vast, Video
Removed: affirmed, agreement, authorization, creditable, dated, flat, invalidity, merit, Mine, successful, technology, Unregistered