Sunday, January 18, 2009

Looking at Apple's Staggering Financial Performance -- Seeking Alpha

A number of you have asked for Apple’s recent financial numbers, so I’ve added this spreadsheet which contains the quarterly figures going back ten years.

As you can see, Apple’s performance has been staggering. Sales and earnings growth is through the roof. Gross margins are around 35% and operating margins are near 20%. Most impressively, Apple has zero debt and a gigantic cash horde that comes to $27.55 a share.

Given Apple’s closing price on Friday of $82.33, that means that the “nuts of bolts” of the company are worth $54.78 a share, which is roughly 10 times trailing earnings.
Looking at Apple's Staggering Financial Performance -- Seeking Alpha

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