This website uses cookies to ensure you have the best experience. Learn more

Financial Report

1796 words - 8 pages

Financial Report Essay:

For admirers of fine crystal, there is something magical about the name Swarovski. For admires of speed and glamour there is something magical about the name Ferrari or Lamborghini. And, without a shadow of doubt, for the lovers of high technology, innovation and music there is something magical about the name Apple.
While ages ago our ancestors were bothered by the question of who came first a chicken or an egg, today the question is different. As the fame and success of Apple company and its products is increasing, the question one may rise is for example: what came first … the iPod or iTunes? In my paper I would like to present the financial report of the ...view middle of the document...

In the next years, other European countries followed, but it was a constant topic of complaint that the prices in the U.K. were much higher than all over Europe.
And now I would like to deal more closely with the financial information that is available on Itunes. Even though Itunes came to this world in 2001, it reached its peak popularity in 2003. By April 2003, iTunes Music Store had sold more than 350 million songs. It was forecasted that if Apple continued selling songs at this rate of growth, it was on its way to passing the billion-song mark before the end of 2005. Later in the report we will be able to see if these predictions was correct. In the year 2003 the growth looked exponential, though being linear, however the competition persisted(Smith).
As for the year 2004 it was revealed by the Apple authorities that the compnay had sold 50 million songs through its iTunes Music Store, with about 2.5 million songs being downloaded each week. Moreover, the Apple authorities said the sales figures excluded the number of songs downloaded through a promotion with Pepsi. Under that promotion, 100 million songs were being given away. Not being satisfied with such a success, Apple CEO Steve Jobs announced a goal of distributing 100 million songs by April, 2004. In December 2004 it was stated that the iTunes users were downloading 2.5 million songs per week. Such a number meant that Apple was selling songs at a rate of 130 million per year. Still the Apple authorieries couldn not afford simply looking at the great results because the rapid competition persisted. The main competitors the compnay was facing were stores such as Roxio’s Napster and MusicMatch, Microsoft and Virgin (Fried).
In 2005 the success was unbelievable. Apple claimed a 70 per cent market share «for singles and albums», based on its own official calculations. That year customers were buying 2.7 million songs per week from the store. Having a tendency to make forecasts and set goals, Apple announced that if they maintained the same level of sales, it would sell 140 million songs next year (Smith). Among the good news of that year it must be mentioned that, Apple had tightened its DRM policy. It chose to cut the number of times a playlist can be burned to CD from ten to seven. But the compensation for this was that Apple came up with another innovation – the downloaded music from then on could be shared among five computers rather than three (Smith). By the summer of 2005 iTunes official Stores were available in 19 countries: US, Austria, Belgium, Canada, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, and the UK.
At the beginning of 2006 it was clear that the users of Apple’s iTunes player passed QuickTime in mid-2005, and at current growth rates iTunes should pass RealPlayer by mid-2006. The Apple’s iTunes had entered the media arena not that long ago, however it had been climbing the charts in...

Other Papers Like Financial Report

Analysis Of Financial Report

2731 words - 11 pages Assignment on Title: Measurement of Comparative Performance of AB Bank and Douch Bangla Bank Ltd. Bank Profile AB Bank Ltd. MISION: "To be the best performing bank in the country" Vision: "To be the trendsetter for innovative banking with excellence & perfection" Objectives of the Bank: To exceed customer expectations through innovative financial products & services and establish a strong presence to

Report Islamic Financial Cases

4483 words - 18 pages ‘credit policy’ in many of these institutions not to include alternative dispute resolution clauses in their contracts, but to opt for litigation instead. This was said by the financial institutions to have been done, in many cases, in order to avoid credit risks for legal uncertainty. The preference for litigation was further confirmed by enquiries made of arbitration centres in Malaysia for the purpose of this report. Malaysia is not the only

Financial Research Report: Lowe's Companies

1970 words - 8 pages Financial Research Report: Lowe’s Companies, Inc Strayer University Abstract Review of Financial Research Report: This assignment is an analysis of a US publicly-traded company; its common stock could be a prospective investment.  The report is due in Week 10, in needs to be at least 5 pages, and it needs to cover the following topics: Company Overview:  Conduct research and describe the company, its operations, locations, markets, and

Aarkstore - Financial Services Business Confidence Report Q4 2014

688 words - 3 pages Financial Services Business Confidence Report Q4 2014 Synopsis The report projects the current and future operating conditions of the financial services industry, and allows readers to make effective business decisions. The report helps readers to take strategic decisions by understanding the present and future economic and customer issues including key growth regions. Financial services industry suppliers will be provided with a

Report on Financial Statement

2641 words - 11 pages INTRODUCTION: International Finance Investment and Commerce Bank Limited (IFIC Bank) is banking company incorporated in the People’s Republic of Bangladesh with limited liability. It was set up at the instance of the Government in 1976 as a joint venture between the Government of Bangladesh and sponsors in the private sector with the objective of working as a finance company within the country and setting up joint venture banks/financial

Bat Financial Analysis Report

2840 words - 12 pages Analysis of Financial Statements * British American Tobacco Bangladesh Company Limited 2014 Date of Submission: 2nd December 2014 1/1/2014 Introduction British American Tobacco Bangladesh Company Limited is one of the largest multinational corporations, operated by British American Tobacco in Bangladesh. They are

Financial Statement / Audit Report

899 words - 4 pages market with its recent announcement in earning more profits while its competitors were losing profit. Following is a closer look at the company’s financial information being analyzed to further confirm its standing among other players. In Mike Esterl’s article on the Wall Street Journal, he indicates that Coca-Cola is the number one soft-drink brand in the United States – a huge market in the North American market. Numbers in Esterl’s article

Financial Management. Investment Appraisal Report Of Organique For Archers Organic Foods Plc

4812 words - 20 pages content of this report has considered for this purpose is that of Organique, an unquoted thriving French based company that is looking to expand and establish wider European links. Obtaining a controlling interest of Organique will require an investment of 75% of the available shares. To evaluate whether or not this company represents a worthwhile purchase will require a full financial investment appraisal.1.4Before embarking on such an investment

Report On Drink Driving And Driver Fatigue; Statistics, Current Laws, Risks/Hazards And Costs (Mental, Physical And Financial)

877 words - 4 pages Drink driving can be defined as the act of operating a motor vehicle after having consumed alcohol (ethanol) or other drugs. Not only is it very dangerous, but it is illegal too. Just because you’ve had a drink or two and aren’t drunk, doesn’t mean that you aren’t affected or will soon be affected by alcohol. Alcohol, being a depressant, does many things to the body such as slowing the brain down, reducing judgment ability

ACC 548 Complete Course Material

1359 words - 6 pages ACC 548 Complete Course Material Follow Link Below To Get Tutorial homeworklance.us/downloads/acc-548-complete-course-material-hl/ Description: ACC 548 Week 1 Individual Assignment Comprehensive Annual Financial Report Briefing ACC 548 Week 2 Learning Team Assignment Text Problem Sets ACC 548 Week 3 Individual Assignment Text Problem Sets ACC 548 Week 4 Individual Assignment Comprehensive Annual Financial Report Presentation ACC

Examining Financial Statements - Landry's Restaurants

551 words - 3 pages Peg Heslinga, MBAUniversity of Phoenix2 July 1, 2008Examining Financial Statements - Landry's RestaurantsIn this paper one will examine the annual report for Landry's restaurants. The balance Sheet, Income Statement, Statement of Retained Earnings, and Statement of Cash Flows are the basics of any annual report (Fundamentals of Financial Accounting, 2006). Each report provides different information. The Balance Sheet reports a company's assets

Related Essays

Financial Report

1076 words - 5 pages Payment Periods (Base on Cost of Sales) (in Days): Trade Payables X 365 Days Cost of Sales = 23 X 365 Days 200 = 42 Days H) Gearing (Debt Over Debt Plus Equity): Debt X 100% Debt + Equity = 100 X 100% 100 + 114 = 46.7% Introduction The purpose of this report is to examine the “financial performance and position” of “Orchard LTD” for the last two year (from 2011 to 2012), using the

Financial Services Industry Report

1331 words - 6 pages Financial Services Industry Report Financial Services Industry The financial services industry plays a vital role in everyday functions in society as well as the global economy. Financial institutions are defined as those institutions that act as an agent who provides financial services for its clients (Wikipedia, 2006). They provide a service of moving funds for its investors. These institutions include banks, credit unions, insurance and

Financial Analysis Report (Cake)

4210 words - 17 pages FINANCIAL ANALYSIS REPORT (CAKE) Name: Howland Katsnelson Course: BUSB 361 Instructor: Greg Dutton Thursday, May 23, 2013 Basic company’s operations The Cheesecake Factory Inc. whose main office locates in Calabasas, California, was incorporated in 1992, and went public in 1993. The company owns and operates upscale, casual dining and full service restaurants in the United States. As at the end of April 2013, the company operated 174

Case Financial Report

1598 words - 7 pages Case Report I, 2014 Fly ash brick project: feasibility study using CVP analysis Executive Summary “Fly Ash Brick” project describes a case of two business people, Rajiv Sharma and Alok Gupta intending to start a business and deciding on whether it will be financially profitable and feasible to tap into this opportunity. Opportunity arose because India utilizes huge amount of coal in order to extract energy and in the process a lot of waste is