Financial Reports from the Past Fiscal Year
In the fiscal year ending September 24, 2022, the Apple Inc. market condition consisted of interest rate, market competition, and federal reserve monetary policy. At the beginning of the financial year, the interest rate was low but shifted seamlessly because of the Federal Reserve policy. This is because of the policy of the Federal Reserve to uphold short-term interest rates near zero while revising inflation expectations and economic growth elevation (Martins, 2021).
According to most of the markets, the decision was bullish, resulting in a positive stock response for Apple Inc. (The Apple Maven, 2021). As a result, the Federal Reserve has impacted investors and Apple’s market. The firm faces high competition from different organizations like Samsung, which produces smartphones, demanding the firm to be more innovative and stay ahead.
Apple Inc. does its financial analysis for every year in September. The net income for the firm for the fiscal year ended September 24, 2022, was $ 99803, and that of the financial year ending September 25, 2021, was $ 94 680, which was slightly higher because of the availability of tax-incentive market conditions (Apple, 2022). The firm enjoys a vast market share, which is earned globally. Its net sales in America were $ 36,800, $ 20,759 million in Europe, $ 14,563 million in China, $6,373 in Japan, and $ 6,373 million in Pacific Asia (Apple, 2022).
The firm has navigated and occupied huge markets due to strategic marketing. The company sells a diversified product, and in the last fiscal year, the net sales for iPhone were $42,626 million, iPad was $9,178, Mac was $11 508 million, Accessories were $8,785 million, and services were $18 277 million (Apple, 2022). The company can deliver products to consumers concerning their needs and preferences.
Comparative Analysis of Financial Statements and Market Conditions for Apple Inc.
Table 1: Apple Inc. Financial analysis report (Apple,2022)
Analysis of Competitive Financial Reports and Market Conditions
There was an increase in total current assets, showing efficient cash flow due to a seamless rise of interest. The firm had effective strategies like appropriate cash management and higher sales that favored its market condition. The value of non-current assets increased by $55 184 million (Apple, 2022). This was because there were favorable market conditions like changes in federal reserve policies such as management of enhanced economic growth and selling products at low-interest rates.
Another market condition for the growth of non-current asset was a demand for strong technology products that facilitates innovation, development, and research that stimulates market growth. There is continuous economic growth that results in high demand for products. Total assets’ value increased due to an increase in non and current assets. Current liabilities increased by $ 28,501 due to the evolution of adequate monetary policy market conditions (Laghari et al., 2023; Apple, 2022).
A decrease in non-current liabilities by $14,330 million was stimulated by long-term obligation and debt structure market conditions (Laghari et al., 2023; Apple, 2022). The total liabilities increased by $14 171 million because positive investor perspectives encouraged stakeholders to inject their funds into the firm (Laghari et al., 2023; Apple, 2022). The shareholders’ equity decreased by $12418 because the firm paid dividends to investors. Assuming that the organization increases the dividend payment during the fiscal year, retained earnings will be reduced, which is determined by a change in market expectations or cash reserves.
References
Apple (2022). Apple releases fourth-quarter results. Web.
Laghari, F., Ahmed, F., & López García, M. D. L. N. (2023). Cash flow management and its effect on firm performance: Empirical evidence on non-financial firms of China. Plos one, 18(6), e0287135. Web.
The Apple Maven [@AppleMaven]. (2021). The Federal Reserve announcement to keep short-term loan interests near zero [Tweet]. Twitter. Web.
Martins., D. (2021). The federal reserve monetary policy: What investors should know. The street. Web.
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