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1. Calculate a break even analysis for Apple Inc in relation to the new iPhone 14 and 14 Pro 2. What is the Sales forecast
1. Calculate a break even analysis for Apple Inc in relation to the new iPhone 14 and 14 Pro
2. What is the Sales forecast and Expense forecast?
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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) (In millions, except number of shares which are reflected in thousands and per share amounts) Operating income Other income/(expense), net Income before provision for income taxes Provision for income taxes Net income Earnings per share: Basic Diluted $$1.411.40$$0.640.64$$3.113.08$$1.911.89 Shares used in computing earnings per share: BasicDiluted16,753,47616,929,15717,440,40217,618,76516,844,29817,021,42317,550,28117,718,591 (7) Net sales by reportable segment: (1) Net sales by category: CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (In millions, except number of shares which are reflected in thousands and par value) Non-current assets: LIABILITIES AND SHAREHOLDERS' EQUITY: Current liabilities: Non-current liabilities: Term debt Other non-current liabilities 108,64252,95398,66754,490 Non-current liabilities: Commitments and contingencies Shareholders' equity: Common stock and additional paid-in capital, $0.00001 par value: 50,400,000 shares authorized; 16,686,305 and 16,976,763 shares issued and outstanding, respectively Retained earnings Accumulated other comprehensive income/(loss) Total shareholders' equity Total liabilities and shareholders' equity CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (In millions) Changes in operating assets and liabilities: \begin{tabular}{lrr} Accounts receivable, net & (2,347) & 7,284 \\ Inventories & (1,226) & 699 \\ Vendor non-trade receivables & 6,792 & 7,923 \\ Other current and non-current assets & (4,333) & (8,866) \\ Accounts payable & (1,997) & (13,520) \\ Deferred revenue & 1,642 & 1,223 \\ Other current and non-current liabilities & 3,045 & 7,500 \\ \hline Cash generated by operating activities & 62,744 \\ \cline { 3 - 4 } \end{tabular} Investing activities: \begin{tabular}{lrr} Purchases of marketable securities & (74,424) & (66,489) \\ Proceeds from maturities of marketable securities & 39,605 & 39,738 \\ Proceeds from sales of marketable securities & 21,645 & 27,762 \\ Payments for acquisition of property, plant and equipment & (5,769) & (3,960) \\ Payments made in connection with business acquisitions, net & (1,134) \\ Other Cash used in investing activities & & (572) \\ \cline { 3 - 4 } & (4,655) \\ \hline \end{tabular} Financing activities: Financing activities: Supplemental cash flow disclosure: Cash paid for income taxes, net Cash paid for interest $$10,2761,327$$7,5051,689 CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) (In millions, except number of shares which are reflected in thousands and per share amounts) Operating income Other income/(expense), net Income before provision for income taxes Provision for income taxes Net income Earnings per share: Basic Diluted $$1.411.40$$0.640.64$$3.113.08$$1.911.89 Shares used in computing earnings per share: BasicDiluted16,753,47616,929,15717,440,40217,618,76516,844,29817,021,42317,550,28117,718,591 (7) Net sales by reportable segment: (1) Net sales by category: CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (In millions, except number of shares which are reflected in thousands and par value) Non-current assets: LIABILITIES AND SHAREHOLDERS' EQUITY: Current liabilities: Non-current liabilities: Term debt Other non-current liabilities 108,64252,95398,66754,490 Non-current liabilities: Commitments and contingencies Shareholders' equity: Common stock and additional paid-in capital, $0.00001 par value: 50,400,000 shares authorized; 16,686,305 and 16,976,763 shares issued and outstanding, respectively Retained earnings Accumulated other comprehensive income/(loss) Total shareholders' equity Total liabilities and shareholders' equity CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (In millions) Changes in operating assets and liabilities: \begin{tabular}{lrr} Accounts receivable, net & (2,347) & 7,284 \\ Inventories & (1,226) & 699 \\ Vendor non-trade receivables & 6,792 & 7,923 \\ Other current and non-current assets & (4,333) & (8,866) \\ Accounts payable & (1,997) & (13,520) \\ Deferred revenue & 1,642 & 1,223 \\ Other current and non-current liabilities & 3,045 & 7,500 \\ \hline Cash generated by operating activities & 62,744 \\ \cline { 3 - 4 } \end{tabular} Investing activities: \begin{tabular}{lrr} Purchases of marketable securities & (74,424) & (66,489) \\ Proceeds from maturities of marketable securities & 39,605 & 39,738 \\ Proceeds from sales of marketable securities & 21,645 & 27,762 \\ Payments for acquisition of property, plant and equipment & (5,769) & (3,960) \\ Payments made in connection with business acquisitions, net & (1,134) \\ Other Cash used in investing activities & & (572) \\ \cline { 3 - 4 } & (4,655) \\ \hline \end{tabular} Financing activities: Financing activities: Supplemental cash flow disclosure: Cash paid for income taxes, net Cash paid for interest $$10,2761,327$$7,5051,689 Step by Step Solution
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