Apple Inc. shares dropped in excess of 3 percent on Thursday following one of its main suppliers declared capacity issues will consider on its outlook for the year. Apple’s Shares are the heaviest weighted stock on the Nasdaq Composite Index (COMP), turned down 3.5 percent to $586.75 in latest activity. The fall comes after QUALCOMM, Inc. (NASDAQ:QCOM), which makes main chips for Apple’s iPhones, declared it is working to increase a shortage in manufacturing capacity.
Apple Inc. (NASDAQ:AAPL) stock in last session held volume of 29.81 million shares as compare to its average volume of 26.41 million shares. The stock after opening at $600.22 hit high price of $604.73 and then closed at $587.44 by scoring -3.44%.
Turning towards the investors who viewing AAPL against Sprint Nextel Corporation (NYSE:S) declined -4.76%, Cisco Systems, Inc. (NASDAQ:CSCO) lost -0.77%, Micron Technology, Inc. (NASDAQ:MU) slid -0.92%, Oracle Corporation (NASDAQ:ORCL) dropped -0.39%, Advanced Micro Devices, Inc. (NYSE:AMD) which traded at flat and Clearwire Corporation (NASDAQ:CLWR) slipped -5.97%.
As the revenue measures AAPL generated revenue of 127.84 billion in the following twelve months income of $32.98 billion. The Company showed a positive 25.80% in the net profit margin and in addition to in its operating margin which remained 33.87%. Company’s annual sales growth for the past five year was 41.16%.
The stock showed weekly downbeat performance of -5.67% which was maintained for the month at -3.06%. Likewise the positive performance for the quarter was recorded as 37.33% and for the year was 73.87% while the YTD performance remained at 45.05%.
The AAPL past twelve months price to sales ratio was 4.28 and price to cash ratio remained 18.16. As far as the returns are concern, the AAPL return on equity was recorded as 45.58% and increased 39.49% return on investment while its return on asset stayed at 29.26%.
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