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 Jul 19
17 Sep 19
30 Sep 19

News

Company financial data Financial data

Quarter (USD) Jun 19 Mar 19 Dec 18 Sep 18
Revenue 53.81B 58.02B 84.31B 62.9B
Net income 10.04B 11.56B 19.97B 14.13B
Diluted EPS 2.18 2.46 4.18 2.91
Net profit margin 18.67% 19.93% 23.68% 22.46%
Operating income 11.54B 13.42B 23.35B 16.12B
Net change in cash 12.54B -6.78B 18.86B -6.06B
Cash on hand 50.53B 37.99B 44.77B 25.91B
Cost of revenue 33.58B 36.19B 52.28B 38.82B
Annual (USD) Sep 18 Sep 17 Sep 16 Sep 15
Revenue 265.6B 229.23B 215.64B 233.72B
Net income 59.53B 48.35B 45.69B 53.39B
Diluted EPS 11.91 9.21 8.31 9.22
Net profit margin 22.41% 21.09% 21.19% 22.85%
Operating income 70.9B 61.34B 60.02B 71.23B
Net change in cash 5.62B -195M -636M 7.28B
Cash on hand 25.91B 20.29B 20.48B 21.12B
Cost of revenue 163.76B 141.05B 131.38B 140.09B

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 faces substantial inventory and other asset risk 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 laws and regulations worldwide, changes to which could increase the Company’s costs and individually or in the aggregate adversely affect the Company’s business.
  • The Company’s business is subject to the risks of international operations.
  • 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 may 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 1% or $544 million during the third quarter of 2019 compared to the same quarter in 2018, primarily driven by higher Wearables, Home and Accessories and Services net sales, partially offset by lower iPhone net sales. The weakness in foreign currencies relative to the U.S. dollar had an unfavorable impact on net sales during the third quarter of 2019.
  • The Company announced iOS 13, macOS® Catalina, watchOS® 6 and tvOS® 13, updates to its existing operating systems, and introduced iPadOS™, a new operating system designed for iPad, all of which are expected to be available in the fall of 2019. The Company also introduced an updated Mac Pro® and an all-new Pro Display XDR, both of which are expected to be available in the fall of 2019.
  • The Company repurchased $17.0 billion of its common stock and paid dividends and dividend equivalents of $3.6 billion during the third quarter of 2019.
Content analysis ?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. junior Bad
New words: back, Catalina, Deirdre, Display, film, remanded, XDR
Removed: Angela, bringing, committed, favorable