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
8
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
A--CerebralhemorrhageB--RoutineurinalysisC--Posit
终身教育思潮
我国公民履行兵役义务的形式就是参加中国人民解放军或中国人民武警部队
GPS定位测量至少要同时接收()颗卫星的信号。A.2 B.3 C.4
患者男,45岁,患有肾小球肾炎多年,肾功能恶化,现诊断为尿毒症,长期接受腹膜透析
应通过对电力系统区内外故障、暂态过载、短时过载和持续运行等顺序事件进行校核,以验
根据代理权产生的根据不同对代理进行分类,其中不包含()。A.委托代理 B.
根据烟叶税的有关规定,下列关于烟叶税征收管理的表述中,正确的有()。A.烟叶税
《生活垃圾焚烧污染控制标准》不适用于()。A.生活垃圾焚烧厂设计 B.医
蛋白质生物价的计算公式是A.储留氮/吸收氮×100 B.摄入氮/储留氮×100
最新回复
(
0
)