Equity reports

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

Apple Inc. recently reported their 2nd quarter 2019 results for the period ended 30 March 2019. Net sales decreased by 5% to $58 billion (2018: Q2 $61.1 billion), slightly above analyst expectations of $57.5 billion, while diluted earnings per share came in at $2.46, which was higher than Wall Street consensus of $2.36 per share.

As at the end of the Q2, the Group had a net cash position of $113 billion. The board authorised an additional $75 billion share repurchase and raised their quarterly dividend for the seventh time in less than seven years to $0.77 cents per share.

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