Apple Financial prospects —
Apple is the largest contributor to S&P's 500.
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Posted on 07/21/2015 1:33:16 PM PDT by Swordmaker
No company produces bigger profits than Apple Inc. AAPL -1.03% Likewise, no company contributes more to the profit picture of the S&P 500 than Apple.
Apple is a leviathan of a company that is a major contributor of profits in corporate America. Its fortunes, also, are inextricably intertwined with two of the biggest growth markets that exist, smartphones and China. That makes it a bellwether. Because of its success, Apple is also an out-sized member of the S&P 500. We noted yesterday that the stock comprises about one percentage point of the S&P 500&'s 3.5% gain for this year (before Tuesday’s selloff). It is also, due to its massive profits and market-cap weighting within the index, the largest single contributor to S&P 500 profits. By a long shot.
Now, there certainly isn’t anything to be worried about here. Apple is expected to earn about $1.80 a share, or about $10.4 billion, on nearly $50 billion in sales, and as usual with this company, the only real question is by how far will it exceed Street estimates. Apple is projected to single-handedly give the tech sector all of its earnings growth this quarter, just edging it up by 0.2%. Without Apple, the sector would see a contraction of 6%.
(Excerpt) Read more at blogs.wsj.com ...
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Thanks to SunkenCiv for the heads up.
Love it. They so deserve every penny they make. They have made this World a better place for sure. Only Microsoft at one time could say the same. McDonald’s and Walmart are probably up there too.
DOW 30 component, yes?
Yes. . . since March 6, 2015, replacing AT&T.
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Apple, major league tax cheats
https://en.wikipedia.org/wiki/Double_Irish_arrangement
kinda sad that some people admire this company.
they pay 2% tax to Ireland.
What’s wrong with Ireland? And, what’s wrong with a company considering legal and tax questions when deciding how to proceed?
No, the money Apple holds in Ireland is money that they have already PAID Income Taxes on in the jurisdictions where they earned it. The 2% Irish Tax is on Capitol Gains on money invested from the pool of money held in Ireland. . . it is not Income Tax on earnings from product sales. That is the Irish Capital Gains Tax law. in Ireland. Learn something before you jump on the Democrat Bandwagon of criticism. It has nothing to do with the Double Irish with a Dutch sandwich, or what ever they are calling it these days. Apple has paid all proper income taxes on the money they hold in Irish Banks.
It just happens that Ireland has the lowest Capital gains taxes in Europe, and transfer of a company's or an individual's own money from one country to another is completely legal . . . but it is not legal to transfer money one owns from the rest of the world to the United States without paying additional Income Tax even though it has already been taxed. There are only two countries in the world who demand full taxation on earnings already fully taxed in another jurisdiction. One is a podunk dictatorship in Central Africa, the other is the USA.
Apple was called before a Senate investigative committee on this issue in March of 2013 and CEO Tim Cook testified under oath on Apple's taxes, both US and foreign. . . and brought in Apple's tax returns which showed that in the USA, Apple paid one dollar out of every 40 dollars of Corporate Income Taxes paid to the IRS in the United States in 2012. He showed that Apple is the number one Income Tax paying entity in California, its home state.
When specifically asked if Apple had transferred Patents and Copyrights to Ireland to transfer income out of the country, another bogus accusation, the answer was an unequivocal "NO!" and again, proof was provided.
Apple's consolidated tax rate, which it pays, is estimated to be an effective 26.3% for next quarter. You can see the percentage of profit Apple has paid in Income Tax for every quarter and year on their website in their 10Qs and 10-Ks here at Apple Financial Reports.
The entire appearance of Tim Cook was on video and is available on the Internet if you care to watch it. . . as is the transcript of his testimony. Strangely, it was the DEMOCRATS on the Senate committee that were attacking Apple and the Republicans who were defending Apple and asking pertinent questions that actually got to the truth of the matter. You can do your own search for the link to the YouTube of that testimony.
The fact is that Apple is a good citizen when it comes to paying taxes. . . The claims that it is not is FUD from Liberals who want to tax them MORE when they have already paid everything the law requires them to pay. . . those Liberals want to get their hands on Apple's 205 Billion dollars of cash they have in the bank.
Apple gives weak forecast, shares fall nearly 7 percent
tjis isnt exactly Good news but it is current
After hours trades on AAPL are small batches and not too significant of much of anything. A bunch of them are stop loss sales triggered at 122 and all hit when it hit that level at 17:59 and were all small lots. This means very volatile pricing after hours and someone grabbing bargains. Mostly amateur investors panicking based on very little knowledge.
Apple is only required to provide a forecast. They are not required to provide an accurate prognostication.
I don't blame Cook and Maestri for guiding low this coming quarter with the unknown state of the Chinese economy. As an ex-CEO, I would be doing the same thing if I were still doing it. There's is nothing predictable about what is going to happen on the Chinese economy right now except that it is unpredictable, and anything could happen to the ability of the Chinese people to continue to have ready cash to buy iProducts. Ergo, provide a cautious guidance for the next quarter. If you beat it, great. If you just meet it, also great. . . just don't provide an exuberant guidance you can't meet if China tanks.
I was surprised by the drop in share value.
There's some factual misrepresentation going on among the Wall Street Financial punditry as they try to make the facts of what they predicted before and after Apple's Quarterly Conference Call something it was not. Check out this post of mine from another thread, where I point out that the punditries claims of Apple not beating the Street are LIES, at least as presented in headlines on Yahoo, using Yahoo's own articles.
How is that “tax cheat”? They pay taxes. They do everything 100% by the law, so how is that “cheating”? Or is this just another “I hate Apple” comment that has become so popular?
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