StudentShare solutions
Triangle menu

Impact of Apple iPhone, iPod & Laptops on the US GDP and stock Price - Essay Example

Not dowloaded yet

Extract of sample
Impact of Apple iPhone, iPod & Laptops on the US GDP and stock Price

Moreover, the company is in charge for the manufacturing of iTunes Media Browser, iLife and iWork creativity and production suites (Apple Computer Inc. Web). The company is the third largest mobile phone maker in the world after Samsung and Nokia. The company has also been named to be the most admired company in the United States in 2008 and the most admired company in the world from 2008 to 2012. Apple Inc. is the largest openly traded company in the world by market capitalization. The company has an estimated value of $626 billion listed in the New York Stock Exchange. This means that market capitalization of the company is larger than that of its competitors, Google and Microsoft put together. The company’s worldwide annual revenue amounted to $65 billion in 2010, which have grown to $156 billion in 2012 (Foremski 1). When it was first launched, the iPhone was comprehensively respected that it was dubbed the "Jesus Phone.” However, five years later, its impact is so huge that its latest recapitulation possibly will accomplish the astounding achievement of redeeming the US economy. The tremendous growth of its iPhone, iPod Touch and iPad products have brought about the large growth of the company. These products introduced innovations in mobile phones, portable music players, and personal computers respectively. ...
According to economist Michael Feroli of J.P. Morgan consultants, the total sale of iPhone 5 may boost the growth of the economy of the US, gross domestic product, by between a quarter and half a percentage point in the last quarter of 2012. This represents a 0.33% of the entire US economy. Economist Michael Feroli of J.P. Morgan consultants notes that if the company sells more than 8 million units of the iPhone 5 at a cost of $600 in three months, the total growth of gross domestic product per a unit of phone will be $400. However, $200 dollars of the total amount is taken towards import costs. This figure will translate to $3.2 billion in the last quarter of the year and a total of $12.8 billion for the entire year (Kehoe 2). Being the most admired and accomplished phone maker in the world, iPhone creates a huge demand from it admirers for its products. The huge demand for its products in turn exceeds the supply that the company can supply to its consumers at a time. This effect creates more speculation of improved performance in the company’s shares. The US economy is mostly dependent on the way in which the consumers spend. The company has created employment opportunities for more than 500,000 people in the country. This figure includes 47,000 of employees who work at apple and 200, 000 people who rely on the apple economy. The sale of apple’s products has the ability to increase share prices, customer expenditure, and the supply chain that involves component makers. The expected release of apples product creates a market surge, which has a huge effect on both domestic and foreign market. The market surge in turn shifts the stock prices upwards. For instance, the release of the iPhone 5 caused the stock price of Apple company ...Show more

Summary

Apple Incorporated Apple incorporated is a technology-manufacturing firm that is based in the US. The company is responsible for the manufacturing of consumer electronics, computer software, and personal computers such as laptops, desktop computers, smartphones, and music players…
Author : danykakirlin
Impact of Apple iPhone, iPod & Laptops on the US GDP and stock Price essay example
Read Text Preview
Save Your Time for More Important Things
Let us write or edit the essay on your topic
"Impact of Apple iPhone, iPod & Laptops on the US GDP and stock Price"
with a personal 20% discount.
Grab the best paper

Related Essays

Samsung Galaxy vs. Apple iphone (Actual Termpaper)
DMC unit is further divided into Consumer Electronics (CE) and Information technology and Mobile Communications (IM).2 The products produced under the CE section include digital televisions, monitors, air conditioners and refrigerators. IM unit is responsible for manufacture of various products such as smart phones, 3G phones, printers, computers and telecommunication systems.
14 pages (3500 words) Essay
Marketing report (Analysis & SWOT ipod touch or iphone 4)
However, over the period of time, Apple has evolved and successfully transformed itself into an electronic manufacturing firm offering laptops, MP3 Players, Smartphones, tablets, TV devices, monitors and other electronics items. Apple has now become a brand name to reckon with and has successfully developed and launched products like IPOD, Iphone and IPad which are generating billions of revenue for the firm every year.
7 pages (1750 words) Essay
Research Term Paper- Apple iPhone
One of the companies that has survived this turbulence is Apple Inc. Apple Inc is one of the leading brand of the world and is rated as 35th on the list of Fortune 500 companies (CNN Money, 2011). The organization was established in the year 1976 as Apple Computer by Steven Wozniak and Steve Jobs who is the present CEO of the company.
7 pages (1750 words) Essay
Is apple iPhone really worth buying
SWOT Analysis of the IPhone 5 5.1 Strengths 5 5.2 Weaknesses 6 5.3 Opportunities 7 6. Conclusion 8 7. Recommendations 8 1. Terms of Reference Pranav Jain has written this report to Mr Tony Ukuwana. This report is due on the 17th November 2013. This report was written to analyse the worth of IPhone by looking at its strengths and weaknesses and what opportunities, threats and competition it has in today’s market.
8 pages (2000 words) Essay
Stock Price and Information
So the company should reveal its original financial position. If managers have superior information about the market value of the firm, they may know when the firm is overvalued. If they do, they might attempt to issue new shares of stock when the market value exceeds the correct value.
20 pages (5000 words) Essay
Stock split and stock price
This means that in a split, investors may even gain. Hence, when dividends are declared shareholder's equity decreases as a result of the decrease in retained earnings while liabilities increase as a result of the increase in dividends payable. Upon payment of the dividends, cash decreases while liabilities also decrease.
2 pages (500 words) Essay
Innovation (Apple Ipod)
The music industry is one of the fastest growing industries in the world. Owing to the growth in the population of the youth, the preferences for a lifestyle filled with music
16 pages (4000 words) Essay
Research Term Paper- Apple iPhone
The organization was established in the year 1976 as Apple Computer by Steven Wozniak and Steve Jobs who is the present CEO of the company. The company was publicly listed on the stock exchange in the year 1980 and is presently based in California
7 pages (1750 words) Essay
GDP Growth of Apple Company
However, such a simplistic strategy cannot be so easily accomplished without understanding the unique dynamics that economic factors have with regard to purchasing power parity and the overall economic strength of a region. As Apple products
2 pages (500 words) Essay
Apple iPhone and iPad Sales
The iPhone was Apple’s standout star with apple selling 48 million units of iPhone. On the other hand, Apple sold 9.9 million units of IMac and 5.7 million units of iPad. This still indicates that iPad is still dragging the results that were evident in the previous years. The sales in iPad are declining while those of iPhone are increasing.
1 pages (250 words) Essay
Get a custom paper written
by a pro under your requirements!
Win a special DISCOUNT!
Put in your e-mail and click the button with your lucky finger
Your email
YOUR PRIZE:
Apply my DISCOUNT
Comments (0)
Rate this paper:
Thank you! Your comment has been sent and will be posted after moderation