首页
外语
计算机
考研
公务员
职业资格
财经
工程
司法
医学
专升本
自考
实用职业技能
登录
外语
As Apple prepares to report what(analysts project)may be the company’s first year-over-year quarterly earnings decline in a deca
As Apple prepares to report what(analysts project)may be the company’s first year-over-year quarterly earnings decline in a deca
admin
2021-06-15
29
问题
As Apple prepares to report what(analysts project)may be the company’s first year-over-year quarterly earnings decline in a decade on Tuesday, it is also grappling with jittery investors and a recent share-price plunge that has wiped about $ 280 billion off its market capitalization since its stock reached a high of $ 702. 10 last September.
【T1】
Much of the investor nervousness is rooted in how Wall Street is treating and valuing the Cupertino, Calif. , company as a traditional hardware maker
. One camp of analysts and some investors said there is strong evidence that Apple should be viewed in a different light: as a software-hardware hybrid.
The distinction matters. If it continues to be seen as a hardware business, Apple’s streak—driven by products like the iPhone and iPad—could run out quickly as smartphones and tablets get commoditized and consumer tastes change. 【T2】
It is a lesson learned by companies like BlackBerry-maker Research In Motion Ltd. , whose tech hardware was quickly eclipsed by products from Apple itself.
If Apple is classified as a software-hardware hybrid, the company could be valued more like Internet and software makers that have recurring revenue streams and that often trade at higher price-to-earnings ratios than hardware firms.
"The market views Apple as a consumer hardware company tied to product cycles that drive volatile revenue and earnings streams," says Morgan Stanley analyst Katy Huber-ty. 【T3】
But that view isn’t complete, she says, since "Apple customers buy into a brand that offers ease of use similar to companies like Amazon, com or enterprise companies like NetApp. "
An Apple spokesman declined to comment ahead of Tuesday’s earning report.
With Wall Street categorizing Apple as a hardware maker, investors value the company—which made an astounding $ 13 billion in profits in the quarter ended in December—at 8. 6 times expected earnings per share for the next 12 months. Investors are currently valuing Hewlett-Packard Co. , which made $ 1. 2 billion in profits during its most recent quarter, at a price-to-earnings ratio of 5. 6. Troubled PC maker Dell Inc. , whose stock price inflated after signing a buyout deal earlier this year, trades at a P/E ratio of 8. 5.
Apple’s gross margins are around 40%, an important-measure of the company’s efficiency at making money. That is roughly twice as high as H-P’s and Dell’s.
Apple has characteristics that differ from many other hardware businesses. 【T4】
Its customers often upgrade their Apple products annually, far more frequently than the four-year PC upgrade cycles typically found at tech hardware businesses including Hewlett-Packard or Dell.
While H-P and Dell have tried beefing up the enterprise software side of their business, Apple’s operating system and iTunes software is already ubiquitous. 【T5】
Apple also has more than 500 million accounts for its App Store tied to credit cards—and a customer base to sell new services to—giving it a recurring software and services revenue stream.
Apple took in revenue of $ 3. 7 billion from iTunes and other software and services in its last quarter, or 7% of its total revenue.
【T1】
选项
答案
大部分投资者紧张情绪的根源在于华尔街是如何对待和评估加州名为Cupertino的一家传统的硬件制造公司。
解析
转载请注明原文地址:https://jikaoti.com/ti/ZAxYFFFM
0
考博英语
相关试题推荐
Acompanymay______itsproductsbymeansofnewspapers,magazines,radioortelevision.
TheJapanesepersonnelmanagerhadto______keepingachemistonthepayrolleventhoughthecompanynolongerneededhisexper
Expertssuggestthatspeechstagesarereachedinfixedsequenceandataconstantage,buttherearecaseswherespeechhassta
For150yearsscientistshavetriedtodeterminethesolarconstant,theamountofsolarconstantenergythatreachestheEarth.
Alllivingcreatureshavetoconstantly______variouschangesintheirenvironmentinordertosurvive.
ValetaYoung,81,aretireefromLodi,Calif.,suffersfromcongestiveheartfailureandrequiresalmostconstantmonitoring.B
ValetaYoung,81,aretireefromLodi,Calif.,suffersfromcongestiveheartfailureandrequiresalmostconstantmonitoring.B
For150yearsscientistshavetriedtodeterminethesolarconstant,theamountofsolarconstantenergythatreachestheEarth.
For150yearsscientistshavetriedtodeterminethesolarconstant,theamountofsolarconstantenergythatreachestheEarth.
随机试题
女性,30岁,有不洁性生活史,2月前外阴少量硬结状肿物,自然消退。近1周出现流感症状,多发性皮疹。若拟确诊,以下检查中首选
A.颊车 B.下关 C.头维 D.归来 E.内庭可治疗疝气的穴位是
用反相高效色谱法测定盐酸肾上腺素注射液的含量,所采用的流动相系统是
货物的质量监督方法和途径有()。
某设备制造企业生产的产品有各类低压机电类设备及小型通用工程建筑类设备,该企业为了确保设备的质量,提升企业市场竞争能力,决定申请产品认证和质量管理体系认证,在申请认证时对有关问题进行了分析和讨论。下列对认证依据和对象的理解,正确的是()。
加强和发展新时期爱国统一战线,要充分发挥()。
张某(女)因故意杀人罪被提起公诉,但是因其在怀孕期间,所以法院决定对张某取保候审,下列说法正确的是()。
-3
给定程序中,函数fun的功能是:求ss所指字符串数组中长度最短的字符串所在的行下标,作为函数值返回,并把其串长放在形参n所指变量中。ss所指字符串数组中共有M个字符串,且串长<N。请在程序的下划线处填入正确的内容并把下划线删除,使程序得出正确的结
GenerationsofAmericanshavebeenbrought【C1】______tobelievethatagoodbreakfastisimportantforhealth.Eatingbreakfasta
最新回复
(
0
)