Rating: Strong Buy
Apple sub-organizations
Apple Financial Health
Profitability:9.09/10
✅ Apple has better Profitability than 90.91% of the companies on the Computer Hardware industry
Net Margin: 21.35%
✅ Apple has better Net Margin than 87.5% of the companies on the Computer Hardware industry
ROE (Return on Equity): 16.12%
✅ Apple has better ROE (Return on Equity) than 90.32% of the companies on the Computer Hardware industry
ROA (Return on Assets): 4.33%
✅ Apple has better ROA (Return on Assets) than 90.32% of the companies on the Computer Hardware industry
Operating Efficiency:8.36/10
✅ Apple has better Operating Efficiency than 87.5% of the companies on the Computer Hardware industry
Operating Margin: 24.48%
✅ Apple has better Operating Margin than 87.5% of the companies on the Computer Hardware industry
Liquidity:6.79/10
✅ Apple has better Liquidity than 64.71% of the companies on the Computer Hardware industry
Quick Ratio: 1.46
✅ Apple has better Quick Ratio than 58.82% of the companies on the Computer Hardware industry
Operating Cash Flow Ratio: 0.78
✅ Apple has better Operating Cash Flow Ratio than 78.13% of the companies on the Computer Hardware industry
Solvency:5.95/10
✅ Apple has better Solvency than 52.94% of the companies on the Computer Hardware industry
Debt to Equity Ratio: 1.27
❌ Apple has worst Debt to Equity Ratio than 78.13% of the companies on the Computer Hardware industry
Interest Coverage Ratio: 0.78
✅ Apple has better Interest Coverage Ratio than 78.13% of the companies on the Computer Hardware industry
Net sales by category
Net sales by segment
Second Quarter Fiscal 2020 Highlights
Total net sales increased 1% or $298 million during the second quarter of 2020 compared to the same quarter in 2019, primarily driven by higher Services and Wearables, Home and Accessories net sales, partially offset by lower iPhone net sales. The weakness in foreign currencies relative to the U.S. dollar had an unfavorable impact on net sales during the second quarter of 2020.
During the second quarter of 2020, the Company released an updated iPad Pro® and added trackpad support to iPadOS®. Additionally, the Company released an updated MacBook Air®.
The Company repurchased $18.5 billion of its common stock and paid dividends and dividend equivalents of $3.4 billion during the second quarter of 2020.