Apple company Financial statement Analysis- PPT needed

Running Head: APPLE INC. ANNUAL REPORT

Apple Inc. Annual Report

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Apple is a successful multinational company and people are always on the lookout for the shares of the company because they are profitable to investors. The shares of the company grown significantly once the company started being traded publicly. Being a publicly traded company, Apple Inc. provides five reports per year, these being the four quarterly reports in every financial year and the annual reports for every financial year. The latest annual report of the company was released in September for the fiscal year that ended on the 26th of September 2020. From this annual report, I noted that the Covid-19 pandemic was one of the huge risks factors for the company. Secondly, the annual report acknowledged that the rapid technological changes are also a big risk factor for the company. It is also noticeable that the company had no unresolved comment by the time the company was closing its financial year. The company had a total number of 22,797 shareholders at the time when the company was preparing the annual report.

From this annual report, I have emphasized also the financial statements that were audited and released for investors and other members of the public to see. From these financial statements, I made some of the following observations. For the 2019/2020 financial year, the company lost some of its assets from $338,516 million in 2019 to $323,888 million as of September of 2020. Liabilities increased from $248,048 million to $258,549 million as of September of 2020. The total comprehensive income for Apple Inc. also reduced in the 2019/2020 financial year in comparison to the 2018/2019 financial year. Incomes dropped from 58,037, 000 for 2019 financial year to $57,453,000 for 2020 financial year annual report retrievable from https://s2.q4cdn.com/470004039/files/doc_financials/2020/ar/_10-K-2020-(As-Filed).pdf

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https://s2.q4cdn.com/470004039/files/doc_financials/2020/ar/_10-K-2020-(As-Filed).pdf