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
75
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.
【T3】
选项
答案
但是,这种观点是不全面的,她说,“苹果用户购买的是一个能提供类似Area—zon.com这样的公司或NetApp这样的企业应用公司的易用服务的品牌。”
解析
转载请注明原文地址:https://kaotiyun.com/show/7ATO777K
0
考博英语
相关试题推荐
Inpreparingscientificreportsoflaboratoryexperiments,astudentshould______hisfindingsinlogicalorderandclearlangua
Inthe______oftheprojectnotbeingasuccess,theinvestorsstandtoloseupto$30million.(2002年上海交通大学考博试题)
ThecompanythatJoanworksforis______withanautomotivecompany,soshecangetadiscountonanewcar.(2014年北京航空航天大学考博试题)
Theemployeesare______totherulesandregulationsofthecompany.
Ourcompanydecidedto______thecontractbecauseanumberoftheconditionsinithadnotbeenmet.
TheJapanesepersonnelmanagerhadto______keepingachemistonthepayrolleventhoughthecompanynolongerneededhisexper
Expertssuggestthatspeechstagesarereachedinfixedsequenceandataconstantage,buttherearecaseswherespeechhassta
Alllivingcreatureshavetoconstantly______variouschangesintheirenvironmentinordertosurvive.
ValetaYoung,81,aretireefromLodi,Calif.,suffersfromcongestiveheartfailureandrequiresalmostconstantmonitoring.B
Hydrogenisthefundamentalelementoftheuniverse______itprovidesthebuildingblocksfromwhichtheotherelementsareprodu
随机试题
A.《进口药品注册证》B.《进口药品检验报告书》C.进口药D.中药E.医疗机构的制剂
(2009年)设力F在x轴上的投影为F,则该力在与x轴共面的任一轴上的投影()。
背景资料: 某机电设备安装公司经邀请招标投标,获得某10000t/d水泥熟料生产线的机电设备安装工程的总承包资格,并与业主签订了施工合同。合同规定工程范围、工期、质量标准、安全环境要求。其中质量标准和要求按部颁标准执行,主要材料如钢材、电缆、管道阀门等由
对单一法人客户的财务状况进行分析时,企业主要财务比率包括()。
除每日客户存取款、贷款发放/归还、资金交易等会改变商业银行的资产负债期限结构外,()的调整也会导致其资产负债期限结构发生变化。
A公司为向B公司支付货款,签发并承兑了一张以B公司为收款人的商业承兑汇票,汇票上记载:付款人和承兑人为A公司,收款人为B公司,出票日期为2018年3月10日,到期日为2018年8月10日,但未记载付款地。B公司取得票据后,拟向C公司购买设备,遂在该汇票背书
在考生文件夹下有一个数据库文件“samp2.aecdb”,其中存在已经设计好的3个关联表对象“tCourse”、“tGrade”、“tStudent”和一个空表“tSinfo”,请按以下要求完成设计。创建一个查询,计算每名学生所选课程的学分总和,并依次
Thatwar______2years.
MyViewonKnowledgeForthispart,youareallowed30minutestowriteashortessayentitledMyViewonKnowledgebycommentin
Cominginallshapesandsizes,ChristmastreesserveasoneofthemostpotentsymbolsofChristmas,andformanypeopletheir
最新回复
(
0
)