首页
登录
职称英语
As Apple prepares to report what (analysts project) may be the company’s firs
As Apple prepares to report what (analysts project) may be the company’s firs
游客
2025-03-30
17
管理
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 smart phones 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 Huberty. 【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. [br] 【T4】
选项
答案
该公司的客户通常会每年升级他们的苹果产品,远远超过了包括惠普或戴尔在内的技术硬件企业普遍的四年PC升级周期频率。
解析
转载请注明原文地址:https://tihaiku.com/zcyy/4019027.html
相关试题推荐
Thescientistdecidedhedidn’twanttobe______withtheproject,andleft.A、rec
Thenewsecretaryhaswrittenaremarkably______reportwithinafewhundredword
In______ofMr.Mainwaring’syearsofservice,thecompanypresentedhimwithag
Thestatisticalfiguresinthatreportarenot______.Youshouldnotrefertoth
Inthe______oftheprojectnotbeingasuccess,theinvestorsstandtoloseupt
It’seasiertodismissreportsoflowemployeemoralethanfacethefactsandac
Analystshavehadtheirgoathumor,andIhavereadsomeofthisinterpreta
Analystshavehadtheirgoathumor,andIhavereadsomeofthisinterpreta
Thecompany’strainingplanwasdesignedtohelptheemployeestoimprovetheir
InMicrosoft’slatestattempttoreachouttobloggers,thecompanyrecently
随机试题
Inthesummerof999,LeifEriksonvoyagedtoNorwayandspentthefollowing
A1999reportbytheUniversityofMichiganshowedthatabout62percentofhigh
下列各项中,属于功能评价方法的有( )。A.价值标准评价方法 B.功能重要性
氨基糖苷类抗菌药的作用机制是A、阻碍细菌细胞壁的合成 B、抑制核酸合成 C、
读我国某山地东坡和西坡年降水量随高度变化示意图,该山地可能是() A.秦岭
能杀灭所有微生物以及细菌芽胞的方法是A、清洁 B、消毒 C、抑菌 D、灭菌
华夏工程设计有限公司前身是华夏化工集团公司的下属设计院,主要为集团公司提供工程
简述现代企业人力资源管理各个历史发展阶段的特点。
建设工程风险识别方法中,属于专家调查法的是( )。A.头脑风暴法 B.风险调查
(2019年真题)水泥混凝土道路基层材料主要根据()选用。A.道路交通等级
最新回复
(
0
)