Discussion Question:
Plz reply to Brian comment – The income statement reports whether the business had a net income or net loss. Its a summary of the business revenues and expenses for a specific period of time.
Essay
For this assignment use the link provided http://www.sec.gov/, select filings, company filing search, enter your company name in the search company name box. Look for the last annual filing called Annual Report or 10-K. Open the file to review the company’s financial statements. Use these financial statements to write your paper, calculate the ratios requested and respond to the balance of the questions.
This assignment is designed to teach you how to research Apple Inc. or a company of your choice. You will be performing an analysis of the financial statements of a publicly traded company.
1. To obtain these financial statements. you will need to access http://www.sec.gov/ 2. Once you are on the SEC website, click on “Company Filings” in the top right corner of the page, located under the search box. 3. You may then search by the company name or ticker symbol to locate the company you want to research. 4. Once you have obtained your company’s financial statements, it is time begin your analysis. Within your analysis you must include, but are not limited to, the following information: The company’s current ratio, debt to equity ratio, return on equity, and whether the company is improving over time. 5. You will need to support your analysis with at least one scholarly reference. I have one from the university that I will email you. Use your scholarly reference(s) to support your analysis of the company and its financial statements.
Your essay should be a minimum of two pages in length and follow APA guidelines.
EBSCO Publishing Citation Format: APA (American Psychological Assoc.):
NOTE: Review the instructions at
http://support.ebsco.com/help/?int=ehost&lang=en&feature_id=APA and make any necessary corrections before using. Pay special attention to personal names, capitalization, and dates. Always consult your library resources for the exact formatting and punctuation guidelines.
References
SEITZ, P. (2017, July 31). Apple Q3 Earnings Consensus: Just Get It Over With. Investors Business Daily. p. 1.
<!–Additional Information: Persistent link to this record (Permalink): https://libraryresources.columbiasouthern.edu/login?url=http://search.ebscohost.com/login.aspx?direct=true&db=bth&AN=124407115&site=ehost-live&scope=site End of citation–>
Section: Click Apple Q3 Earnings Consensus: Just Get It Over With
With investors focused on Apple’s (AAPL) next-generation smartphone, expected to be unveiled in September, the company’s June-quarter results that are due out after the market close Tuesday are seen by many as a “nonevent.”
Even if Apple misses consensus estimates for iPhone sales in the quarter, analysts will chalk it up to customers simply postponing purchases and waiting for the company’s latest smartphones.
Analysts are expected to key in on the company’s September-quarter guidance and commentary for clues as to whether production of the rumored iPhone 8 is behind schedule, as has been speculated.
Drexel Hamilton analyst Brian White said Apple investors are “just looking to get (fiscal) Q3 over with” so they can focus on the new iPhone product cycle.
“Apple is currently in the seasonal doldrums for the iPhone as the June quarter has historically marked the revenue low point of the year; however, the ramp schedule of the iPhone 8 will dictate if the September quarter could mark the trough this year,” White said in a note to clients Monday. “During our China tech tour in April, we highlighted our concern that the 5.8-inch OLED iPhone 8 could be delayed by several weeks and this view has gained momentum from Wall Street over the past couple of months.”
IBD’S TAKE: Apple stock has an IBD Composite Rating of 75, meaning it has outperformed 75% of stocks in key metrics over the past 12 months. For more information on Apple, visit the IBD Stock Checkup.
White rates Apple stock as buy with a price target of 202.
Apple stock fell 0.5% to 148.73 on the stock market today. Shares have fallen for the past three trading sessions. The stock ended the regular session Monday just below its 50-day moving average, a key support level.
RBC Capital Markets analyst Amit Daryanani thinks the iPhone 8 may not ship until October, vs. the usual mid- to late September time frame for new iPhones. Also, volume shipments might not occur until the November-December time frame, he said.
“We think a delay will not change the demand dynamics for iPhones (fairly captive demand) or undermine the positive iPhone upgrade cycle narrative,” Daryanani said in a report Monday. He reiterated his outperform rating and price target of 168.
A delay in availability of the iPhone 8 could reflect Apple’s “increasing difficulty in delivering innovation and/or slipping execution,” Wells Fargo Securities analyst Maynard Um said in a report Sunday.
Plus, rumored higher pricing for the OLED-screen iPhone 8 could dampen demand, he said.
“While we would expect early adopters to drive the December quarter, we worry about sustained demand presuming a low-end $1,099 price point particularly with the British pound equivalent nearly $1,400 and the euro equivalent nearly $1,500 (if Apple follows its typical international pricing strategy and assuming Apple does not further adjust international pricing upward for currency or component pricing),” Um said.
Um rates Apple stock as market perform with a price target of 140.
For the June quarter, Apple’s fiscal Q3, Wall Street expects the company to earn $1.57 a share, up 11% year over year, on sales of $44.89 billion, up 6%.
For the fiscal fourth quarter, analysts are looking for Apple to earn $1.81 a share, up 8%, on sales of $49.21 billion, up 5%.
Wall Street is forecasting iPhone sales of 41 million units in its fiscal third quarter and 46 million in the fourth.
