If an iPhone or iPad lover searching for the cheapest iPhone or iPad that is also new, retailer giant Wal-Mart (NYSE:WMT) is the only place you should go for holiday season.
The discounter declared initiatives on Friday to offer the 16 GB iPhone 5 for $127 (which was previously selling at $189.97) and the 16GB iPhone 4S for $47 (usually sells for $87.97), accompanied by a two-year deal. They would also sell the 3G iPad for $399.
Apple cut prices are usual moves made at this time, but Wal-Mart’s (WMT) would be hard to surpass.
Best Buy (BBY) and Radio Shack (RSH) both have declared cut prices on the iPhone 5 and iPhone 4S, offering almost $50 off market prices, together gift certificates to light up the deal.
Shifting reader’s focus to broader market, let us consider market performance of other stocks that significantly affect same sector.Costco Wholesale Corporation (NASDAQ:COST) fell -0.95% to settle at $96.92, Target Corporation (NYSE:TGT) moved down -1.22% to end at $60.50 while Dollar General Corp. (NYSE:DG) declined -2.49% to finish at $43.83 on Friday.
Wal-Mart Stores, Inc.(NYSE:WMT) last session’s volume of 10.50million shares was higher than its average volume of 9.92million shares. The stock after opening at $69.05hit high price of $69.30and then closed at $68.75by scoring -0.42%.
WMT generated revenue of $464.41billion in the previous twelve months and earned $16.59billion. The Company showed a positive3.73% in the net profit margin as well as in its operating margin which remained at 5.94%. Company’s annual sales growth for the past five years was 5.11%.
The WMT’s past twelve months’ price to sales ratio was 0.50and price to cash ratio remained 26.61. As far as the returns are concerned, WMT’s return on equity was recorded as 23.52% and return on investment increased14.03%while its return on asset stayed at 8.64%.
The stock showed weekly downbeat performance of -4.90% which was maintained for the month at -3.06%. Likewise the negativeperformance for the quarter was recorded as -8.00% and for the year was 22.31% whiles the YTD performance remained at 17.88%.
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