Company Profile
With its Market Capitalization at 10.8 billion, Apple Computer, Inc. (AAPL), or "The Company", is a computer giant that markets personal computers, software, peripherals, and computing and communications solutions. It produces a line of desktop and notebook computers, the Mac OS X operating system, the iPod digital music player, and peripherals and software targeting various consumers in the education, arts, and business industries. The Company sells its products through its online store, retailers, resellers, and its own retail stores. As of 5/25/04, Apple operates 80 retail stores. In addition, the Company also sells third-party hardware and software at its retail stores.
With revenues of from the last year totaling at $7.18 billion, revenues rose 33% to $3.92 billion for the six-month period ending 03/04. Net Income before accounting changes was up from $8 million to $109 million. The change in revenues reflects the increase in sales of the iPod and computer accessories, whereas the increase in net income reflects a decrease in restructuring costs. 66% of Company shares are held my Institutions, whereas Insiders hold only 1.06% of them. The largest holder is Lord Abbett & Co at 9.95%.
Stock Price History
3-Year Stock Price Chart
10- Day Stock Price Chart
Over the last year (5/23/03-5/25/04), AAPL stock has appreciated 55% from$18.32/share to $28.41/share, which is about 62.5x that of earnings. The 52-Week change is at 49.24%, with the high trading at $29.58/share on 4/14/04 and the low trading at $16.63/share on 6/9/03. The average trading volume over the last three months is 7,045,272. The Price to Earnings ratio is at a high 62.58, not only indicating that it is fairly priced, but also that it ...