Domestic Company Summary

Apple Computer, inc.By Joe Ivey

History 1976 Steve Jobs and Steve Wozniak found Apple Computer, Inc. with $1,300.

Out of all the personal computer companies, Apple was the first to make it to $1 billion in annual sales.

In the year 1991, Apple released their PowerBook line of notebook computers.

Apple followed up the PowerBook Line of notebook computers with the Power Macintosh line in 1994.

In 1997 Steve Jobs became interim chief executive officer.

The all-in-one iMac computers hit the scene in 1998.

Apple, Inc’s FinancialsCurrency in millions of u.S. Dollars

Total Revenues

Sept. 30, 2006- 19,315.0

Sept. 29, 2007- 24,578.0

Sept. 27, 2008- 37,491.0

sept. 26, 2009- 42,905.0

Continued…

Cost of goods sold

SEPT. 30, 2006- 13,717.0

SEPT. 29, 2007- 16,426.0

SEPT. 27, 2008- 24,294.0

SEPT. 26, 2009- 25,683.0

Net income sept. 30, 2006- 1,989.0

Sept. 29, 2007- 3,495.0

sept. 28, 2008- 6,119.0

sept. 26, 2009- 8,235.0

Gross profit sept. 30, 2006- 5,598.0

sept. 29, 2007- 8,152.0

sept. 28, 2008- 13,197.0

sept. 26, 2009- 17,222.0

4-year trend&

Financial forecast

In a four year span, apple, inc. has shown an increase in consecutive years in their total revenues, cost of goods sold, net income, and their gross profit. If apple, inc. continue their progress at this rate, then their numbers will continue to increase, even through the economic slumber.

Apple, Inc. Success

• In its first month, over 1 million iPads were sold.

• The iPhone by itself constitutes 40% of Apple’s revenue, which is more than 28% from Mac sales.

• The most current quarter Apple earned approximately$3 billion on iPhones.

• Since January 2007, Apple’s stock jumped 176 %

Apple, Inc. Domination

• The iPhone Challenger outsold the BlackBerry Torch9800, with 1.7 million iPhone 4 units, compared toBlackBerry Torch’s 150,000 phones. • Asustek Computer, Inc. is heavily feeling the pressureas the iPad is causing the demand for their Eee netbookto plummet.

• “Chief Financial Officer David Chang said already the iPad’s entrance into the market is being felt…Because of the impact of the iPad, the growth of Eee PC [sales] will be limited”

Apple, Inc. Turbulence

• Apple Inc.’s Japan unit has felt the heat coming fromJapanese government, this is due to problems with thefirst generation iPod Nano batteries overheating.

• In 2008, there were 27 reported incidents of the iPod Nano batteries overheating.

• There were six cases where overheated iPod NanoBatteries cause fires resulting in four minor burninjuries.

•“Unbelievable Q2 results in July contained a 14% earnings surprise on a 61% increase in revenue.”

•“This is the go-to company for young consumer electronics aficionados with its iPhone, iPod and

iPad and Mac books topping the charts of popular devices for the back to school crowd.”

References

Apple computer, inc., (2010, August 19). Retrieved from http://www.fundinguniverse.com/company-histories/Apple-Computer-Inc-Company-History.html

Kim, R. (2010). Apple draws scrutiny from feds over success. San Francisco Chronicle.San Francisco, Calif.: May 9, 2010. pg. D.1, 1267(19328672), Retrieved from

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Valentino-DeVries, J. Piece by Piece: The Suppliers Behind the New BlackBerry Torch Smartphone. Wall Street Journal. (Eastern edition). New York, N.Y.: Aug 17, 2010. pg. B.1, 206 (00999660),

Retrieved from http://proquest umi.com/ pdweb? did=2111796851&sid=2&Fmt=3&clientld=18417&RQT=309&VName=PQD

Tsai, Wu,, T., J. R. (2010). Corporate news: asustek feels ipad pressure. Wall Street Journal. (Eastern edition). New York, N.Y.: Aug 14, 2010. pg. B.5, 217(00999660), Retrieved from

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Koh, Y. (2010). Apple japan to swap ipods that overheat. Wall Street Journal. (Eastern edition). New York, N.Y.: Aug 12, 2010. pg. B.4, 218(00999660), Retrieved from http://proquest.umi.com/pqdweb?

did=2107473361&sid=5&Fmt=3&clientId=18417&RQT=309&VName

Anonymous. (2010). Zacks investment ideas feature highlights: target, bed bath and beyond, apple and office max. Business wire. New York, N.Y.: Aug 9, 2010. 920, Retrieved from

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The End