Equity reports

Get to know your offshore companies: APPLE INC. (NASDAQ: APPL)

Apple Inc. designs, manufactures and markets mobile communication and media devices, personal computers and portable digital music players. The Company sells a range of related software, services, accessories, networking solutions, and third-party digital content and applications.

On Tuesday Apple reported their 1st quarter 2019 results for the period ended 31 December 2018. Net sales decreased by 4.5% to $84.31 billion (2018: Q1 $88.29 billion) beating analyst expectations of $61.57 billion, with earnings per share hitting $4.18 beating an expected $4.17 EPS. Apple’s share price reacted positively rallying close to 7% post the earnings release.

During the reporting period Apple repurchased 38 million shares and paid $12 billion in dividends.

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