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AAPL Apple

Apple Inc. is an American multinational technology company headquartered in Cupertino, California, that designs, develops, and sells consumer electronics, computer software, and online services. It is considered one of the Big Five companies in the U.S. information technology industry, along with Amazon, Google, Microsoft, and Facebook. Its hardware products include the iPhone smartphone, the iPad tablet computer, the Mac personal computer, the iPod portable media player, the Apple Watch smartwatch, the Apple TV digital media player, the AirPods wireless earbuds, the AirPods Max headphones, and the HomePod smart speaker line. Apple's software includes iOS, iPadOS, macOS, watchOS, and tvOS operating systems, the iTunes media player, the Safari web browser, the Shazam music identifier, and the iLife and iWork creativity and productivity suites, as well as professional applications like Final Cut Pro X, Logic Pro, and Xcode. Its online services include the iTunes Store, the iOS App Store, Mac App Store, Apple Arcade, Apple Music, Apple TV+, iMessage, and iCloud. Other services include Apple Store, Genius Bar, AppleCare, Apple Pay, Apple Pay Cash, and Apple Card. Apple was founded by Steve Jobs, Steve Wozniak, and Ronald Wayne in April 1976 to develop and sell Wozniak's Apple I personal computer, though Wayne sold his share back within 12 days. It was incorporated as Apple Computer, Inc., in January 1977, and sales of its computers, including the Apple I and Apple II, grew quickly.

Company profile

Ticker
AAPL
Exchange
Website
CEO
Timothy 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

27 Jan 21
1 Mar 21
25 Sep 21
Quarter (USD)
Dec 20 Sep 20 Jun 20 Mar 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Sep 20 Sep 19 Sep 18 Sep 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from Apple earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 37.72B 37.72B 37.72B 37.72B 37.72B 37.72B
Cash burn (monthly) 690M 328.83M (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn)
Cash used (since last report) 1.47B 702.65M n/a n/a n/a n/a
Cash remaining 36.24B 37.02B n/a n/a n/a n/a
Runway (months of cash) 52.5 112.6 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
23 Feb 21 James A Bell RSU Common Stock Grant Aquire A No No 0 1,986 0 1,986
23 Feb 21 Albert Gore JR RSU Common Stock Grant Aquire A No No 0 1,986 0 1,986
23 Feb 21 Andrea Jung RSU Common Stock Grant Aquire A No No 0 1,986 0 1,986
23 Feb 21 Monica C Lozano RSU Common Stock Grant Aquire A No No 0 1,986 0 1,986
23 Feb 21 Arthur D Levinson RSU Common Stock Grant Aquire A No No 0 1,986 0 1,986
57.2% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 3611 3356 +7.6%
Opened positions 425 143 +197.2%
Closed positions 170 111 +53.2%
Increased positions 1283 3138 -59.1%
Reduced positions 1710 42 +3971.4%
13F shares
Current Prev Q Change
Total value 1.27T 1.15T +10.3%
Total shares 9.6B 9.73B -1.4%
Total puts 282.44M 287.03M -1.6%
Total calls 284.1M 312.87M -9.2%
Total put/call ratio 1.0 0.9 +8.4%
Largest owners
Shares Value Change
Vanguard 1.26B $166.55B -2.0%
BLK Blackrock 1.06B $140.18B -1.2%
BRK.A Berkshire Hathaway 887.14M $117.71B -6.1%
STT State Street 638.17M $84.68B -5.1%
FMR 358.55M $47.58B +3.4%
Geode Capital Management 247.98M $32.82B +0.1%
TROW T. Rowe Price 210.47M $27.9B -8.0%
NTRS Northern Trust 205M $27.2B -2.8%
BK Bank Of New York Mellon 157.79M $20.94B -5.0%
BAC Bank Of America 136.55M $18.12B -8.9%
Largest transactions
Shares Bought/sold Change
BRK.A Berkshire Hathaway 887.14M -57.16M -6.1%
STT State Street 638.17M -34.28M -5.1%
Vanguard 1.26B -25.51M -2.0%
TROW T. Rowe Price 210.47M -18.39M -8.0%
Millennium Management 18.21M +16.47M +942.3%
BNP Paribas Arbitrage 3.39M -14.51M -81.1%
BLK Blackrock 1.06B -13.31M -1.2%
BAC Bank Of America 136.55M -13.3M -8.9%
FMR 358.55M +11.85M +3.4%
RY Royal Bank Of Canada 69.07M +11.75M +20.5%

Financial report summary

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Risks
  • The Company’s business, results of operations, financial condition and stock price have been adversely affected and could in the future be materially adversely affected by the COVID-19 pandemic.
  • 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’s financial condition and operating results could be adversely impacted by unfavorable results of legal proceedings or government investigations.
  • 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, present risks not originally contemplated and adversely affect the Company’s reputation, financial condition and operating results.
  • 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 21% or $19.6 billion during the first quarter of 2021 compared to the same quarter in 2020, driven by higher net sales in all Products and Services categories. Additionally, net sales in all of the Company’s geographic reportable segments grew during the first quarter of 2021.
  • •Apple Fitness+SM, a fitness subscription service.
  • The Company repurchased $24.0 billion of its common stock and paid dividends and dividend equivalents of $3.6 billion during the first quarter of 2021.
Content analysis
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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
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