Apple (AAPL) has a market cap of $618.2 billion. It rose 1.7% to close at $115.19 per share on December 13, 2016. The stock’s weekly, monthly, and year-to-date (or YTD) price movements were 4.8%, 6.2%, and 11.9%, respectively, on the same day.
AAPL is trading 4.2% above its 20-day moving average, 2.5% above its 50-day moving average, and 10.3% above its 200-day moving average.
Related ETF and peers
The Schwab US Broad Market ETF (SCHB) invests 2.5% of its holdings in Apple. The YTD price movement of SCHB was 13.5% on December 13.
The market caps of Apple’s competitors are as follows:
- Alphabet (GOOG) — $542.1 billion
- Microsoft (MSFT) — $482.1 billion
- International Business Machines (IBM) — $160.6 billion
Latest news on Apple
In a December 13, 2016, report, CNBC noted, “AirPods are now available online and will hit shelves next week, just in time for the last days of the holiday shopping season, the tech giant said Tuesday. The $159 wireless AirPods were delayed in late October, after Apple said it needed more time before the device would be ready to ship. After their hotly anticipated September release, reviewers complained the AirPods ‘look odd’ and had occasional glitches.”
The report added, “Just hours after Apple announced the availability of the new wireless earbuds, customers are already seeing shipping dates four weeks out, extended from the Dec. 21 date that was displayed Tuesday morning. Predictably, some savvy buyers have already listed their $159 AirPod orders on eBay to be resold for up to $999, offering to overnight them by Christmas.”
Apple’s performance in fiscal 4Q16
Apple (AAPL) reported fiscal 4Q16[1. quarter ended September 24, 2016] net sales of $46.9 billion, a YoY (year-over-year) fall of 8.9% from its net sales of $51.5 billion in fiscal 4Q15. The company’s gross profit margin and operating margin narrowed 180 basis points and 310 basis points, respectively.
Its net income and EPS (earnings per share) fell to $9.0 billion and $1.67, respectively, in fiscal 4Q16, compared to $11.1 billion and $1.96, respectively, in fiscal 4Q15.
Fiscal 2016 results
In fiscal 2016, AAPL reported net sales of $215.6 billion, a YoY fall of 7.7%. Its net income and EPS fell to $45.7 billion and $8.31, respectively, in fiscal 2016, compared to $53.4 billion and $9.22, respectively, in fiscal 2015.
AAPL’s cash and cash equivalents and inventories fell 2.8% and 8.7%, respectively, between fiscal 2015 and fiscal 2016. Its current ratio and debt-to-equity ratio rose to 1.4x and 1.5x, respectively, in fiscal 2016, compared to 1.1x and 1.4x, respectively, in fiscal 2015.
Apple (AAPL) has made the following projections for fiscal 1Q17:
- revenues of $76 billion–$78 billion
- gross margin of 38.0%–38.5%
In the next part, we’ll look at Procter & Gamble (PG).