Apple cash flow12/9/2023 ![]() To a question on why the company is not looking for acquisitions instead of only buying back the stock. ![]() The company’s share buyback strategy was appreciated by one of the analysts in the earnings call. The company returned $27 billion to shareholders through dividends of $3.6 billion and share repurchases of $22.9 billion. The company has a stable balance sheet with cash and marketable securities of $193 billion and debt of $120 billion, with a net cash position that comes to $73 billion. In the recent quarter, it reported 28.2 billion of operating cash flows. The company has good operating cash flows. The net profit margin was 25.7% compared to 26.4% in the same period last year. Net income was $25 billion or $1.52 per share compared to $23.6 billion or $1.40 per share. The operating profits were $29.98 billion with an operating profit margin of 30.82%, compared to $27.50 billion with an operating profit margin of 30.70%. The company’s services business has a higher gross margin of 72.6%, while the product gross margin was 36.4%. The gross margin was 43.75% compared to 42.51% in the same period last year. The company has managed to maintain good margins. But we know enterprise in general as a market is a very interesting market for us and we're putting a lot of effort and focus on it and we believe we have really good opportunities to grow.” Luca Maestri, said in the earnings call, “ Obviously, we sell Apple Care to enterprises already today. It has launched enterprise subscription services called Apple Business Essentials in the United States for small and medium-sized businesses, which is aimed to provide support to employee device management and iCloud Storage. Management is also looking to tap enterprise subscription revenue as the vast majority of its revenue comes from consumers. The company has also witnessed increased customer engagement with 825 million paid subscriptions at the end of the March quarter, up 25% YoY. As the company’s installed base of active Apple devices increased, more revenue funnels to increase the company’s services business. ![]() Services revenue grew by 17% to $19.8 billion. The upcoming release will also offer 50% more memory bandwidth and a larger cache with 25% more transistors on the second generation 5nm SoC design. The GPU offers optimal graphics memory for GPU-intensive workloads and the Neural Engine runs up to 22 trillion operations per second.Īpple announced the M2-powered Mac at WWDC in June, offering a faster CPU, a more powerful GPU and also a faster Neural Engine. The M1 Ultra connects the die of two M1 Max chips to create a system on a chip (SoC) to offer 128GB of high-bandwidth and low-latency unified memory to offer peak performance from high-performance and high-efficiency cores in the M1 Ultra’s CPU. The company released the new M1 Ultra in March. The company also mentioned that the last 7 quarters were the company’s “best seven quarters ever for Mac.” The strong demand for M1-powered Macs helped drive growth of 15% to $10.4 billion in the recent quarter despite supply constraints. So, the iPhone 13 has been truly a global success.” The top six models in the United States are iPhones, the top four in Japan, the top five in Australia, five of the top six in urban China and so on and so forth. We - when we look at top-selling smartphones around the world, we've had pretty incredible results during the March quarter. Luca Maestri, CFO, said in the earnings call, “ Tim has mentioned a number of times the iPhone 13 family is having a really strong year. According to data from Counterpoint Technology Market Research, the overall average selling price of the iPhone increased 14% YoY to $825 in 2021. iPhone sales face a tough comparable, as in the previous year, sales grew 66% in Q2 FY2021 and by 34% in 1H FY2021. IPhone sales increased by 5% to $50.6 billion and 8% to $122.2 billion for the H1 fiscal year 2022 ending September. The company’s revenues beat Wall Street analysts estimates by 3.5%. Apple’s recent resultsĪpple’s revenue in the recent quarter grew by 9% year-over-year to $97.3 billion. This helps illustrate why Apple’s stock has held up well as investors are able to participate in the most cash efficient company of all time while also participating in the company’s future innovation cycle. most cash efficient company of all time while also participating in the company’s future innovation cycle. This helps illustrate why Apple’s stock has held up well as investors are able to participate in the.
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