On June 30, 2023, APPLE INC ($NASDAQ:AAPL) revealed its earnings report for the third quarter of FY2023, showing total revenue amounted to USD 81.8 billion – 1.4% lower than the same period in the previous year – while net income rose 2.3% year-on-year to USD 19.9 billion.
GoodWhale has conducted an analysis of APPLE INC‘s financials and has concluded with a high health score of 9/10. This score is based on the Star Chart which examines cashflows and debt levels, and indicates that APPLE INC is capable of paying off its debt as well as funding its future operations. Furthermore, APPLE INC has strong scores in dividend, profitability, and medium scores in asset and growth. This has resulted in APPLE INC being classified as a ‘rhino’, a type of company that has achieved moderate revenue or earnings growth. Given this financial analysis, investors who are looking for moderate growth in revenue or earnings may be interested in investing in APPLE INC. Additionally, those investors who are looking for strong dividend returns and good profitability may also be interested in the company. Furthermore, investors looking for low risk investments may find APPLE INC a good option given its high health score and strong scores in areas such as dividend and profitability. More…
Risk Rating Analysis
Star Chart Analysis
About the Company
Ownership (Institutional/ Fund Holdings)
Below shows the total revenue, net income and net margin for Apple Inc. More…
Income Statement Reports (Yearly/ Quarterly/ LTM)
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Apple Inc. More…
Cash Flow Statement (Yearly/ Quarterly/ LTM)
Cash Flow Supplement
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Apple Inc. More…
Balance Sheet (Yearly/ Quarterly)
Balance Sheet Supplement
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Key Ratios Snapshot
Some of the financial key ratios for Apple Inc are shown below. More…
Income Statement Ratios
Balance Sheet Ratios
Cash Flow Ratios
Other Supplementary Items
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The competition between Apple Inc and its competitors, Cisco Systems Inc, Microsoft Corp, and Sony Group Corp, has been intense over the years. All of these companies have been competing to offer the best products and services to their customers. Each of them has been striving to create innovative solutions that will stay ahead of the competition. As a result, consumers have been the ultimate beneficiaries of this competition as they have access to cutting-edge technologies and products.
Cisco Systems Inc is a multinational technology company that designs, manufactures and sells networking equipment. As of 2023, the company has a market capitalization of 199.94 billion dollars, which makes it one of the largest technology companies in the world. Furthermore, its Return on Equity (ROE) stands at 23.05%, which is an indication of its impressive financial performance. Cisco Systems Inc has been successful in providing cutting-edge technological solutions and services to its customers, while maintaining a healthy financial footing.
Microsoft Corporation is a multinational technology company that develops, manufactures, licenses, supports, and sells computer software, consumer electronics, personal computers, and related services. Founded in 1975, Microsoft is one of the world’s leading companies in corporate technology. With a market cap of 1.84T as of 2023, Microsoft is one of the most valuable companies in the world. Microsoft’s Return on Equity (ROE) of 29.64% is also one of the highest rates in the corporate sector. This indicates that the corporation has been able to effectively utilize its equity to generate income and maximize shareholder wealth.
– Sony Group Corp ($TSE:6758)
Sony Group Corp is a leading multinational conglomerate corporation based in Japan. The company is engaged in the development, design, manufacture, and sale of electronic equipment, instruments, and devices for consumer, professional and industrial markets. As of 2023, Sony Group Corp has a market cap of 14.3T, making it one of the largest companies in the world. Additionally, the company has a Return on Equity (ROE) of 10.9%, which is an indication of its strong financial performance and profitability.
Apple Inc. is an attractive stock for investors, with strong financial performance in the third quarter of FY2023. Total revenues were USD 81.8 billion, a slight decrease of 1.4% from the same period last year, while net income was USD 19.9 billion, up 2.3% from the previous year. Overall, these results demonstrate that Apple Inc. is a strong investment option for the long term.