The financial Conditions of Apple Inc from Time to Time-Apple Inc. is one of the world’s largest technological companies. They have billions of dollars in assets and have created billions of dollars in revenue over the previous five years. Historically, the firm was founded on April 1, 1976, in Los Altos, California, by U.S. Steve Wozniak, Steve Jobs, and Ronald Wayne as investors. They first sold some computer hardware with the first product being the Apple I. Apple can sell some of its products thanks to their hard work and dedication. The Macintosh, the first personal computer, enticed consumers to buy it, although some detractors complain about the high price of Apple devices that function poorly. The Apple Journey is usually accompanied by certain difficulties and inhibitions.
When the time came, Steve Jobs must be stepped down from Apple’s CEO, and it was replaced by John Sculley. In the meeting of Apple’s board with have had strong debates/opinions, jobs must stand down as CEO. The post era without Steve Jobs marks the start of the slump age. This Company enters the glooming era. Many of Apple’s goods cannot compete with those of rivals. Furthermore, the rise of rivals’ competitiveness exacerbates Apple’s commercial performance. Microsoft, for example, has led the Personal Computer Operating System market with its Windows Operating System. They had a larger market share of operating systems than Macintosh at the time. For a long time with any sign of improvement, Apple was on the edge of bankruptcy due to failed products and dwindling sales of Apple products.
Many of Apple’s commercial failures prompted the company to reassign former CEO and founder Steve Jobs to deal with the issues. In 1997, Steve Jobs returned to Apple to replace Gil Amelio. Steve Jobs’ efforts have a huge influence on Apple’s financial success day by day. Apple can build the unique goods that people truly desire with the assistance of Jonathan Ive, Chief Design Officer (CDO).
It all started with the iPod, a Portable Media Player (PMP) gadget that certain customers sought after. Some goods will follow in the footsteps of the iPod. iPhone, MacBook, iMac, MacBook Air, iPad, and iPad are some of the most popular Apple devices. At the time, Apple was seen as a game changer in the technology business. The usage of technology has altered people’s culture and behaviours. Overall, Steve Jobs has different in leading the Apple in his second chance. He became more mature and wiser in leading the company. Probably he learns a lot from his experience.
Amid building the glorious era in Apple Inc, Steve Job died and facing the challenge about who the next person would lead Apple. After Apple CEO Steve Jobs died of pancreatic cancer on October 5, 2011, many people questioned Apple Inc’s future. Finally, Tim Cook takes over as CEO after Steve Jobs’ death. He was formerly Apple’s Chief Operating Officer. To date, Apple has continued to develop under his leadership since 2011 although many detractors mock his leadership for Apple’s lack of innovation during Steve Jobs’ period.
The Assets, Liabilities, and Equities of Apple From 2000 to 2022
| Years | Assets | Liabilities | Equities |
|---|---|---|---|
| in Million | in Million | in Million | |
| US . Dollar | US . Dollar | US . Dollar | |
| 2000 | 6,803 | 2,696 | 4,107 |
| 2001 | 6,021 | 2,101 | 3,920 |
| 2002 | 6,298 | 2,203 | 4,095 |
| 2003 | 6,815 | 2,592 | 4,223 |
| 2004 | 8,050 | 2,974 | 5,076 |
| 2005 | 11,516 | 4,088 | 7,428 |
| 2006 | 17,205 | 7,221 | 9,984 |
| 2007 | 25,347 | 10,815 | 14,532 |
| 2008 | 36,171 | 13,874 | 22,297 |
| 2009 | 47,501 | 15,861 | 31,640 |
| 2010 | 75,183 | 27,392 | 47,791 |
| 2011 | 116,371 | 39,756 | 76,615 |
| 2012 | 176,064 | 57,854 | 118,210 |
| 2013 | 207,000 | 83,451 | 123,549 |
| 2014 | 231,839 | 120,292 | 111,547 |
| 2015 | 290,345 | 170,990 | 119,355 |
| 2016 | 321,686 | 193,437 | 128,249 |
| 2017 | 375,319 | 241,272 | 134,047 |
| 2018 | 365,725 | 258,578 | 107,147 |
| 2019 | 338,516 | 248,028 | 90,488 |
| 2020 | 323,888 | 258,549 | 65,339 |
| 2021 | 351,002 | 287,912 | 63,090 |
| 2022 | 352,755 | 302,083 | 50,672 |
| Source : Apple Inc Annual Report, 2000-2022 | |||
The Financial Conditions of Apple Inc shown outstanding performance from time to time since 2000. Particularly when Steve Jobs and Tim Cook took over as CEO. Apple’s assets expand from time to time in the balance sheet performance. Apple Inc’s assets were 6.8 billion US dollars in 2000 and It had become 352 billion US dollars in 2022. It had multiplied by more than fifty. Furthermore, its liabilities were on the rise. Apple Inc’s liabilities were just 26 billion US dollars in 2020, but they climbed to 302 billion US dollars. Liabilities increased more than 100 times between 2000 and 2021.
The Revenue and Net Income of Apple From 2000 to 2022
| Years | Revenue | Net Income |
|---|---|---|
| in Million | in Million | |
| US . Dollar | US . Dollar | |
| 2000 | 7,983 | 786 |
| 2001 | 5,363 | -25 |
| 2002 | 5,742 | 65 |
| 2003 | 6,207 | 69 |
| 2004 | 8,279 | 276 |
| 2005 | 13,931 | 1,328 |
| 2006 | 19,315 | 1,989 |
| 2007 | 24,006 | 3,496 |
| 2008 | 37,491 | 6,119 |
| 2009 | 42,905 | 8,235 |
| 2010 | 65,225 | 14,013 |
| 2011 | 108,249 | 25,922 |
| 2012 | 156,508 | 41,733 |
| 2013 | 170,910 | 37,037 |
| 2014 | 182,795 | 39,510 |
| 2015 | 233,715 | 53,394 |
| 2016 | 215,639 | 45,687 |
| 2017 | 229,234 | 48,351 |
| 2018 | 265,595 | 59,531 |
| 2019 | 260,174 | 55,256 |
| 2020 | 274,515 | 57,411 |
| 2021 | 365,817 | 94,680 |
| 2022 | 394,328 | 99,803 |
| Source : Apple Inc Annual Report, 2000-2021 | ||
In journey of its business, Apple generated more profit over time, with the exception of 2001, when they suffered financial loss. Furthermore, Apple consistently generated more revenue. Apple’s revenue was 7.8 billion US dollars in 2000 and it had become 394 billion US dollars in 2022. It multiplies by more than fifty. Furthermore, Apple’s net income constantly moves in the positive trends. Apple’s net income in 2000 was only 786 million US dollars. Meanwhile Apple’s net income will reach 99.9 billion US dollars in 2022. It has multiplied more than 100 times in the previous two decades.
Until Now, Apple is still the king of technology, along with Facebook, Google, Amazon, and Microsoft. Every year, they can make billions of dollars in profit. With Steve Jobs’ legacy, Apple will be able to compete with other large technology businesses. Based on the ownership percentage, Apple Inc. is owned by certain investors. The rising business performance overtime had attracted many investors to invest in this company. There are some prominent investors that have some stocks in Apple Inc are The Vanguard Group (founded by Jack Bogle), BlackRock (founded by Larry Fink), and Berkshire Hathaway (the investment company of Warren Buffet) are just a few of the well-known investors who have put money into Apple Inc. It demonstrated how appealing and profitable apples are to investors.
Bibliography of The financial Conditions of Apple Inc from Time to Time
Apple. 2023. Annual Report (10K). Accessed via https://investor.apple.com/investor-relations/default.aspx on March 30th, 2023.
Wikipedia. 2023. Apple Inc. Accessed via https://en.wikipedia.org/wiki/Apple_Inc on March 30th, 2023
