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Apple Inc. is a U.S. hardware and software manufacturer. Apple develops and sells computers, smartphones and consumer electronics as well as operating systems and application software. In addition, Apple is running the iTunes Store and App Store, which sell music, movies, and software online. Apple’s headquarter, Apple Park, is located in Cupertino, California.
Apple was founded in 1976 by Steve Wozniak, Steve Jobs, and Ron Wayne as a garage company. Apple was one of the first manufacturers of personal computers. In this regard, the company contributed significantly to the development of personal computers as a mass-produced product. In 1980s, Apple developed Lisa and Macintosh computers installed with GUI and mouse. While developing iPod, iPhone and iPad, Apple gradually expanded the business into markets other than personal computers. According to Financial Reports, the iPhone accounts for more than 50% of Apple’s net sales and has become its most important product.
iTunes Store enabling downloads of music and movie is the first commercially succeeded download portal. In addition, the iTunes Store played a decisive role in the market formation of distribution of digital products. Today, the iTunes Store and App Store are two of the world’s largest distribution channels for digital products.
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Latest News and Analysis on Apple Inc.
Apple’s Service Revenues were Up 8.2% in 2023 Q3
Apple announced its 2023 Q3 financial results on August 3, 2023. According to the announcement, total net sales were down 1.4% (YoY, 3 months). Among these, product sales were down 4.4% and service revenues were up 8.2%. In addition, cost of sales was down 3.6% (YoY, 3 months). In this regard, cost of sales forContinue reading “Apple’s Service Revenues were Up 8.2% in 2023 Q3”
Free Cash Flow was Up 27% in Apple’s 2023 Q2 Results
Apple (NASDAQ: AAPL) announced its 2023 Q2 financial results on May 4, 2023. According to the announcement, total net sales were down 3% (YoY, 3 months). In addition, operating income and net income were down 6% and 3%, respectively. Product sales were down 5%, but services revenue was up 5% (YoY, 3 months). Currently, servicesContinue reading “Free Cash Flow was Up 27% in Apple’s 2023 Q2 Results”
Apple suffered from Decrease of Products Sales in 2023 Q1
Apple (NSDAQ: AAPL) announced its 2023 Q1 financial results on February 2, 2023. According to the announcement, total net sales were down 5.5% (3 months, YoY). In this regard, products sales were down 7.7% while services revenue was up 6.4%. In addition, costs of sales for products were down 5.5%. Operating income and net incomeContinue reading “Apple suffered from Decrease of Products Sales in 2023 Q1”
Slowdown of Apple’s Service Revenue might be a Major Concern in Future Outlook
Apple (NASDAQ: AAPL) announced its 2022 Q4 financial results on October 27, 2022. According to the announcement, total net sales, operating income and net income were up 8%, 5% and 1%, respectively (YoY, 3 months). In addition, cash generated by operating activities was up 17% (12 months, TTM, YoY). Moreover, free cash flow was upContinue reading “Slowdown of Apple’s Service Revenue might be a Major Concern in Future Outlook”
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