Essay on Apple Financial Analysis
Midterm Paper: Financial Analysis on Apple
EXPECTATIONS & EVALUATIONS
The objective of this paper is to thoroughly analyze Apple’s financial history and status for the last five years (2003 – 2007). Other important topics will be discussed which include: the company’s background, its assets, bonds, stocks, etc. To support the analysis, different relevant ratios will be calculated for Apple Inc in order to estimate the company’s current status, and also to compare Apple Inc. to the computer industry and one of its major competitors – Dell.
The financial analysis of Apple is based on evaluating company and industry data from various sources. A trend analysis was performed using data for …show more content…
Currently, Apple’s CEO is Tim Cook. Prior to joining Apple, Tim was vice president of Corporate Materials for Compaq and was responsible for procuring and managing all of Compaq’s product inventory. Previous to his work at Compaq, Tim was the chief operating officer of the Reseller Division at Intelligent Electronics.
Angela Ahrendts is the Senior President. Angela joined Apple from Burberry, where she served as CEO and led the company through a period of outstanding global growth. Prior to Burberry, she was executive vice president at Liz Claiborne Inc., and earlier in her career she served as president of Donna Karan International.
Steve Jobs’ Mission Statement
“To make a contribution to the world by making tools for the mind that advance humankind."
Apple’s Current Mission Statement
Apple designs Macs, the best personal computers in the world, along with OS X, iLife, iWork and professional software. Apple leads the digital music revolution with its iPods and iTunes online store. Apple has