Question by Curious: What is the purpose of requiring companies such as Apple to report their earnings every quarter?
Best answer:
Answer by supersatan3
There are many reasons, some of which I am sure I’ll miss. For starters, Apple is a publicly traded company, meaning it has shareholders(I.E. people who have invested their own personal money into the company, and own stock). If you own Apple stock, then you would want to know how the company is performing financially.
Secondly, taxes derived from fortune 500 corporations such as Apple consist of roughly 20% of America’s Federal tax revenue. By requiring Apple to produce a quarterly statement, they can tax them 4 times a year instead of only once.
Add your own answer in the comments!
Keep apples in the family: this orchard hones in on profit centers to grow for the next generation.(BUSINESS MANAGEMENT): An article from: Top Producer
List Price: $ 9.95
Price: $ 9.95
Is Apple the new Sears?
Image by scott swigart
Sears? Sears, you say? That store I never shop at?
But keep in mind, Sears was an unrivaled retail giant. Sears was so big, it was 1% of US GDP. 2/3 of Americans shopped at Sears in any 3 month period. Half of US households held a Sears credit card. The planning director at Sears once said, “Take our revenue, divide it by four, and we’re still bigger than the next guy.” The tallest building in the world was, for a time, the Sears tower.
A few days ago, Apple announced its quarterly earnings. Apple just had the biggest quarter for any tech company, ever. The world forked over billion to Apple in those three months. Most of it, for the device pictured above. 37 million iPhones were sold from October 2011 to December 2011.
(on the phone is a graph of iPhone sales. this is me playing around with product type shots)
#Apple‘s earnings in 2012 1st Quarter for selling of 37M iPhones and 15.4M iPads is .3B that’s approximately 4000 trips to the moon! – by Naareman (Just Nareman)