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Introduction
The finance manager is the authoritative person who is responsible to look after the financial activities within an organization. Finance is considered the lifeblood of every business enterprise irrespective of the products and services produced by it. The financial capability and efficiency of concern are highly dependent upon the skill and knowledge of the financial managers and who is being headed by the Chief Financial Officer. The public trading company that has been taken from yahoo stock screener is Apple Inc.
Apple Inc An Overview
Apple Inc is a multi-national corporation in America which is mainly engaged in designing and producing consumer electronics and software products. Apple Inc., together with subsidiaries, designs, manufactures, and markets personal computers, mobile communication devices, and portable digital music and video players, as well as sells various related software, services, peripherals, and networking solutions (Apple Inc. (AAPL): Business Summary).
World wide distribution of products is facilitated by the company through its online and retail stores, resellers, third-party wholesalers and direct sales forces. It is also engaged in distributing various third-party Macintosh, iPhone, and iPod compatible products, including application software, printers, storage devices, speakers, headphones, and various other accessories and peripherals through its online and retail stores, and digital content and applications through the iTunes Store (Apple Inc. (AAPL): Business Summary).
The company is having more than 35,000 employees working all over the world. It has been reported that the annual sales of the company from the whole world by September 2009, was about $42.91 billion. The most interesting thing about the company is its brand. As per Fortune magazine it has been considered as the most admired brand among American customers. The company is having such an image among its customer which strongly emphasis on its future success.
Executive Bodies
Mr. Steve Jobs is the Chief Executive officer and Mr. Tim Cook was in charge when the former was in some health issues. Mr. Peter Oppenheimer is the Chief Financial Officer and Mr. Timothy D. Cook is the Chief Operating Officer.
Investor Relation
The company is listed in various stock exchanges such as NYSE and NASDAQ. Presently it has been added to AmEx. A new accounting principle has been implemented in Apple Inc during the first quartet of the financial year 2010. The company is well conscious of its responsibility towards the society. Currently the company is practicing non-financial measures which enable the investors to assess the companys operating result. These help the investors in forecasting the future improvements and analyze them. The last trade of Apple Inc on Jan 27 is 207.88
Financial Insights
It was announced by the company that by the end of the fiscal year December 2009, the profit of the company was increased by 50% and this was the highest profit rate that was ever recorded in the history of the company. The total profit for the company is $3.4 billion and the share value was $3.67. The future earning of the companys share is $2.08 per share. The CEO of the company Mr. Steve Jobs says that now Apple Inc is a $50+ billion company. The revenue of the company for this quarter is forecasted between %11 billion and $11.4 billion. Therefore the earnings of the share are forecasted between $ 2.06 and $2.18.
Latest Issue
The issues are related to the technological aspects of the product and the company is taking remedial measures for solving such issues. As the technology is concerned it changes very fast and the company must be able to cope up with such changes and as far as Apple Inc is concerned it highly concentrates on the updation of the technology.
Conclusion
From the analysis done above it is very clear that the company has a reputed position all over the world and it will be an increasing trend for the company both in terms of sales and revenue.
Works Cited
Apple Inc. (AAPL): Business Summary. Finance, Yahoo. 2010. Web.
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