Key post-Jobs Apple numbers
Along with record stock price, profits and cash pile, Steve Jobs would have also noticed a couple of things that would have made him think.
By Tina Edwin, ET Bureau | Updated:
This Friday would have been Steve Jobs’ 57th birthday. Jobs, who died October last year, would have had lots to be happy about had he surveyed Apple’s financials this weekend.
But along with record stock price, profits and cash pile, Jobs would have also noticed a couple of things that would have made him think.
First, a controversy about Apple’s China factories. Second, a change from a Jobs code, new Apple leader Tim Cook wants to share profits with shareholders, for the first time since 1995. ET on Sunday looks at the key post-Jobs Apple numbers:
$526.29:
That’s how high Apple shares rose on February 15, 2012, making Apple the most valuable company in the world. The share price has retreated from that level, but stock has gained more than $100 since the beginning of the year and about $140 since Jobs’ death.
$98 bn:
That’s how much Apple has in its war chest in form of cash and near-cash instruments (end-2011 data). Apple now plans to return some of that cash to its shareholders. Apple does not pay dividends on its common stock, as Jobs had been dismissive of paying regular dividends.
No. 1:
That’s Apple’s position in PC market now with 17% share of total shipments in October-December, ’11. Apple toppled HP from the pole position, thanks to zooming iPad sales. It shipped 15.4 mn iPads and 5.2 mn Macs during the quarter. Tablet sales are expected to see fresh surge when iPad 3 is launched.
550,000:
That’s how many apps App Store offers. In comparison, Android has 390,294 apps. And, Apple seems to be winning the apps download race too: on Christmas day alone, Apple reported 140 million downloads and Android about 102 million.
$2 billion:
That’s how much Chinese company Proview Electronics Co is seeking as compensation in the US courts from Apple for illegally using its trademark “iPad”. Apple said it had bought the rights to use the trademark through an intermediary company for $55,000.
$1.78:
That’s how much Foxconn employees in a Chinese factory, who put together iPads earn per hour, according to a news documentary. They work 12 hours a day. A meal at the cafeteria cost $0.70. They live in dorms and pay a rent of $17.50 per month.
But along with record stock price, profits and cash pile, Jobs would have also noticed a couple of things that would have made him think.
First, a controversy about Apple’s China factories. Second, a change from a Jobs code, new Apple leader Tim Cook wants to share profits with shareholders, for the first time since 1995. ET on Sunday looks at the key post-Jobs Apple numbers:
$526.29:
That’s how high Apple shares rose on February 15, 2012, making Apple the most valuable company in the world. The share price has retreated from that level, but stock has gained more than $100 since the beginning of the year and about $140 since Jobs’ death.
$98 bn:
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That’s how much Apple has in its war chest in form of cash and near-cash instruments (end-2011 data). Apple now plans to return some of that cash to its shareholders. Apple does not pay dividends on its common stock, as Jobs had been dismissive of paying regular dividends.
No. 1:
That’s Apple’s position in PC market now with 17% share of total shipments in October-December, ’11. Apple toppled HP from the pole position, thanks to zooming iPad sales. It shipped 15.4 mn iPads and 5.2 mn Macs during the quarter. Tablet sales are expected to see fresh surge when iPad 3 is launched.
550,000:
ADVERTISEMENT
That’s how many apps App Store offers. In comparison, Android has 390,294 apps. And, Apple seems to be winning the apps download race too: on Christmas day alone, Apple reported 140 million downloads and Android about 102 million.
$2 billion:
ADVERTISEMENT
That’s how much Chinese company Proview Electronics Co is seeking as compensation in the US courts from Apple for illegally using its trademark “iPad”. Apple said it had bought the rights to use the trademark through an intermediary company for $55,000.
$1.78:
That’s how much Foxconn employees in a Chinese factory, who put together iPads earn per hour, according to a news documentary. They work 12 hours a day. A meal at the cafeteria cost $0.70. They live in dorms and pay a rent of $17.50 per month.
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