ng the Value Line Investment Survey report in Exhibit 11.5, find the following information for Apple. a. What was the amount of revenues (.e., sales) generated by the company in 2016? million b. What were the latest annual dividends per share and dividend yield in 2016? Round to two decimal places. a share c. What is the earnings per share (EPS) projection for 2019? a share d. How many shares of common stock were outstanding? e. What were the book value per share and EPS in 2016? book value per share earnings per share f. How much actual long-term debt did the company have in 2018? million APPLE INC. NDOAR Peta 185.69 no 15.6( 3) 60.85 1.6% VALUE ETY 2 98 ECTIONS 2011 2012 2013 2014 2015 2016 2017 2018 2019 BEHEER . SIBEESEEN 9.15 woyo 21 2 22 1511122120 1 2 745 10 15 STOINT 351 1 2 3 421 15220 1 3 201 10 15 2 2 2 1 Avg CAPITAL STRUCTURE 18 2009 652250 155508 17090275 2715 219092280 Total B u s 5000 20% 22% 2 5 % 312 313 2 Ore LTD Tier1000 473000. 000 TENTO TU 7 1003 204 205 2 2 eu 15.8 21% 2 2 211 21% 22% 212 213 21.5 Power Ne Defined Benel Pansion Plan 2009 2008 17011111 2 0120000 2200 Working Capi 100 97 742 000 Long Common och 12.000 21000 272 71 7061511210 123 111547119058 EN 100 000 100 Shu 2015 IN MARKET CAM Large 2205233 35.3 300355 356 357 M CURRENT POSITION 2018 2017 Conte 67155 74181 87040 6% 20% 21% 22% 27% 22 21 20 Al t o BUSINESS: Apple Inc, established in 1977, is one of the world's Pay, and a lot of othe r and wema PCs and peripheral and consumer products, such other pos w ande t SI Current TOMS 246 0083 The Pod m usic the Pad the phone Acta Pyt phone and A W ale primary the common o g Be n Pol Creative education, government and consumare CEO Tim Cooke CA Ar 1 W C A seperating systems wervices Coud storage and Apple 95014 0 0-1090 www. com Current 081219130 Apple shares, briefly touching a fresh augurs well for future upgrade cycles, as ANNUAL RATES 52 week high in the mid $190s, have well as for the broader Phone Thaleef been solid relative performers since fect. Indeed, the huge user base means our last full page review in March that the company should have an easier The company got another vote of con time selling is other products from wire MOS fidence from legendary investor Warren less AirPods and the Apple Watch to the Buffett, who announced that Berkshire new Home smart speaker, in the com QUARTERUTALES Hathaway had acquired 75 million more ing periods. In the meantime Sep. AAPL shares during the first three The high margined services business, months of the year. (Berkshire had al which often appears to be overlooked ready amassed approximately 165 million by the Street, continues to chug along shares as of the end of 2017) In addition. This segment including offerings like Ap the fundamental picture at the tech giant ple Pay and ICloud storage registered a remains bright, despite lingering investor 3 year-over-year revenue advance du fears of a slow down in the global smarting the second quarter. And it will proba phone market. Notably bly remain a key part of the growth story Recent results have been better than here, especially as Apple further leverages anticipated. For the second quarter of fis its brand in China and other large mere cal 2018 [year ends September 29th. ing markets. All in all, given the strong share net came in at $273. topping our prospects we now envision share net 52.69 estimate and Wall Street's con climbing 24 in fiscal 2018 to $11.40) and sensus view of $267. Even better Phone another next year to S1285) unit sales of 52 2 million were surprisingly This quality Dow component is timely healthy led by brisk demand for the top (2) and as currently valued, still of ther iPhone X model that was released fers good upside potential to 2021- back in November). And the total mart 2023 Stock buybacks and steady dividend phone installed base continued to expand growth ought to sweeten the pot at an impressive double-digit clip This Justin Hellman June 29, 2018 ES REGISTR E RT To subscribe cal 5-000-VALUELINE
