October 3, 2011
Apple Computer Business Environment
The business world is an extremely competitive environment. This paper will outline the current strength of Apple Corporation and will provide financial comparisons and health between Apple, Dell and Hewlett-Packard.
In the review of Apple's current financial statements, which includes the income statement, balance sheet and current cash flow, there are several striking items that stand out. The Company posted a record second quarter revenue of $24.67 billion and a record second quarter net profit of $5.99 billion compared to last year's revenue of $13.50 billion and a net quarterly profit of $3.07 billion. This is a 55% increase in revenue from the previous year. The major influence in the increase in revenue has been the release of the iPad2. The Apple Corporation is also a debt free company. Steve Jobs had the following statement regarding the financial strength of the company; "With quarterly revenue growth of 83 percent and profit growth of 95 percent, we're firing on all cylinders, said Steve Jobs, Apple's CEO. "We continue to innovate on all fronts throughout the remainder of the year" (Apple Press Info, 2011, p.1)