- Is Apple doing well financially?
- What bank does Apple use?
- Does Apple have any intangible assets?
- How much is Apple’s debt?
- Where is Apple’s cash held?
- Where do big companies keep their money?
- What assets does Apple have?
- What is Apple’s equity?
- What does Apple do with cash?
- How much cash does Apple have on balance sheet?
- What is Apple’s liquidity ratio?
- How much does Apple make a day 2020?
- How do you increase intangible assets?
- Who is owning Apple?
- What is Apple’s net income?
- Is Apple a trillion dollar company?
Is Apple doing well financially?
Cupertino, California — July 30, 2020 — Apple today announced financial results for its fiscal 2020 third quarter ended June 27, 2020.
The Company posted quarterly revenue of $59.7 billion, an increase of 11 percent from the year-ago quarter, and quarterly earnings per diluted share of $2.58, up 18 percent..
What bank does Apple use?
While Apple came up with the idea of the Card and the details of what it offers, the company needed to have a bank officially issue it, which is where Goldman Sachs comes in. Goldman Sachs is new to the consumer lending market as of 2016, and Mastercard is the global payment network the Apple Card will work through.
Does Apple have any intangible assets?
Apple Inc. ( Intangible assets were approximately $2.2 billion for Apple in 2017 (highlighted in blue). Intangible assets are not listed under current assets (in pink) showing their long-term useful life.
How much is Apple’s debt?
Based on Apple’s balance sheet as of May 1, 2020, long-term debt is at $89.09 billion and current debt is at $20.42 billion, amounting to $109.51 billion in total debt. Adjusted for $40.17 billion in cash-equivalents, the company’s net debt is at $69.33 billion.
Where is Apple’s cash held?
island of JerseyApple relocated its cash stockpile to the tiny island of Jersey after the beginning of the investigation back in 2014. Jersey is located near the coast of Normandy. Only 100,000 people live there. More importantly, Jersey doesn’t usually tax companies.
Where do big companies keep their money?
Companies most often keep their cash in commercial bank accounts or in low-risk money market funds. These items will show up on a firm’s balance sheet as ‘cash and cash equivalents’. The company may also keep a small amount of cash––called petty cash–– in its office for smaller office-related expenses or per diems.
What assets does Apple have?
Cupertino, California, U.S. Apple Inc. is an American multinational technology company headquartered in Cupertino, California, that designs, develops and sells consumer electronics, computer software, and online services.
What is Apple’s equity?
Equity Capitalization Apple’s total stockholder’s equity equals $96.5 billion, as of June 29, 2019. This consists of $43.4 billion of common stock at par value and additional paid-in capital, and $53.7 billion in retained earnings, less accumulated other comprehensive income of $639 million.
What does Apple do with cash?
What does Apple do with all of its cash holdings? … Realistically, Apple, or almost any successful tech co., can only do 3 things with their huge piles of cash: Buy other companies; and/or. Repurchase their own shares; and/or.
How much cash does Apple have on balance sheet?
Apple now has $192.8 billion cash on hand, according to the company’s fiscal second-quarter earnings report released Thursday. That’s down 7.4% from its fiscal first quarter of 2020, when the company reported a $207.06 billion cash pile.
What is Apple’s liquidity ratio?
Apple’s latest twelve months current ratio is 1.4x. … Apple’s current ratio hit its five-year low in September 2018 of 1.1x. Apple’s current ratio decreased in 2017 (1.3x, -5.7%), 2018 (1.1x, -11.2%) and 2020 (1.4x, -11.5%) and increased in 2016 (1.4x, +22.0%) and 2019 (1.5x, +35.9%).
How much does Apple make a day 2020?
The company posted quarterly revenue of $91.8 billion, an increase of 9 percent from the year-ago quarter and an all-time record. That averages out to $1,008,791,208.79 per day – over $1 billion per day, every day last quarter!
How do you increase intangible assets?
An acquisition is one type of event which substantially increases the number and value of intangible assets that a company holds. For example, say company A acquires company B. Company A is then the new owner of all of company B’s tangible and intangible assets.
Who is owning Apple?
Now Apple Inc. is owned by two main institutional investors (Vanguard Group and BlackRock, Inc). While its major individual shareholders comprise people like Art Levinson, Tim Cook, Bruce Sewell, Al Gore, Johny Sroujli and others.
What is Apple’s net income?
57.41 billion USD (2020)Apple/Net income
Is Apple a trillion dollar company?
Apple, now worth $2 trillion, first crossed the $1 trillion milestone two years ago. Apple has hit $2 trillion in market value, the first publicly traded U.S. company to do so. The iPhone maker first crossed the $1 trillion milestone just two years ago. … Apple’s stock is up nearly 60% this year.