Apple Inc. is a public corporation in the US that ranks highly in all aspects of its operations. Key to its performance is the revenue that the company records quarterly and annually. In-depth analysis of the financial performance of Apple over the past four years illustrates a solid performance. The financial statements of interest, in this case, range from 2014 to 2017. The general trend in the financial performance of Apple Inc. can be rated as impressive. As such, the strong market value and high intrinsic value of the company’s stock attracts more investors. The total revenue of the company has been increasing steadily since 2014. However, it is crucial to note that in 2015, the company recorded highest total income of $93,626,000. The total revenue in 2016 fiscal year reduced to $84,263,000. The total revenue in 2017 fiscal year increased to $88,186,000. The operating expenses of the company have grown over the years with most expenses falling under two categories including research and development, and sales, general, and administration.
An improved financial pool of Apple Inc. is attributed to increased demand for various products that the company produces. As such, the company has maintained its financial structures. The performance of Apple Inc. is attributed to enhanced technological innovations, diversification of products and services, simulation of the marketplace, and the ripple effects of product introduction and transition. The strong financial base of the company has given it a competitive advantage over its competitors. However, the technology industry is facing unprecedented changes. As such, for the company to remain at the top of its game, more funds should be appropriated in research and development. The hallmark of technology companies is patented innovations. By producing new products that are satisfying the changing consumers’ demand, the company will continue to hold the top position for years.
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Links
https://www.apple.com/newsroom/pdfs/fy17-q4/Q4FY17ConsolidatedFinancialStatements.pdf
https://www.apple.com/newsroom/pdfs/fy17-q4/Q4FY17DataSummary.pdf
http://files.shareholder.com/downloads/AAPL/2510477685x0x901766/5E7D57D1-50E1-497F-B044-4EBA9B7B826A/10-Q_Q3_2016__6.25.2016_FINAL.pdf
https://www.nasdaq.com/symbol/aapl/financials?query=income-statement
