There are many factors to consider when investing in a stock. When is the best time to buy an Apple Stock? What are the advantages of trading Apple futures? With PCM brokers, you can find all the answers, resources and tools needed to successfully trade Apple futures contracts.
Apple is one of today’s largest technology companies that develops and sells consumer electronics online services and computer software. The company was co-founded by Steve Jobs, Ronald Wayne and Steve Wozniak in 1976 and is currently headquartered in Cupertino, California. Apple is known as the “game-changer” in the world of technology today because of its exceptional design, closed sourced software model and user-friendliness. Hardware products produced by Apple include the iPhone, iMac, Apple Watch and Apple TV. Software products include the iOS operating systems, iTunes Store, iOS App Store and iCloud.
As of March 2016, the number of Apple users has reached 1 billion active daily users. The Apple stock history has shown extraordinary appreciation since the year it was founded, making it one of the most traded corporations in the world. The Apple stock value has increased from $6.56 to $403 since the year 2009. Meaning, a $1000 investment only 8 years ago would have turned into $61,000 today. How much is Apple worth? 700 billion dollars in value as of March 2016, making it the world’s largest technology company by total assets. In fact, Apple is also the world’s second largest mobile phone manufacturer, ranked second against Samsung. Furthermore, iTunes, one of Apple’s main products, has also become the world’s largest music retailer.
In 2003, the company took its first step towards expanding its operations overseas by opening their first non-US store in Japan. Today, Apple countries of operation include United Kingdom, Canada, Italy, Australia, China, Switzerland, Germany, France, Spain, Hong Kong, Netherlands, Sweden, Brazil, and Turkey. The number of Apple store branches exceeds 453, spread across 17 countries.
Gross Profit: $16106 million
Operating Income: $10105 million
Net Income: $7796 million
Total Assets: $305602 million
Total Liabilities: $71486 million
Total Equity: $126541 million
Gross Margin: 39.49%
Operating Margin: 28.55%
Return on Investment: 21.63%
*As of March 2016, in USD
| Contract | Parameters |
|---|---|
| DGCX Contract Symbol | DAAPL |
| Underlying Equity | APPLE INC. |
| Underlying Country | U.S.A |
| Contract Size | 10 |
| Notional Contract Value | (Price * Contract Size) in USD |
| Price Quote | Underlying Equity price expressed in USD (example: Bid: 111.3 / Ask 111.4) |
| Minimum Tick Size | 0.1 |
| Tick Value | USD 1 |
| Trading Days | Monday through Friday |
| Trading Hours | 07:00 - 23:30 Hours Dubai time (GMT+4) |
| Trading Months | First two (2) serial months and 1 calendar spread |
| Last Trading Day ** | Third Friday of the Calendar Month |
| Cash Settlement Day** | Business Day following the Last Trading Day |
| New Contract Listing | Business Day immediately following the Last Trading Day |
| Final Cash Settlement Price Basis |
Based on the market closing price of the Underlying Equity on the Last Trading Day in the Underlying Country (source: public domain) |
| Settlement Basis | Cash settled in USD |
| Wholesale Trades | Minimum permitted block size is 100 lots |
| Max Open Position Limit | As determined by the Exchange from time to time |
| Max Order Size | 1,000 lots |
| Daily Price Movement limit | No Limit, Note 1* |
| Initial Margin based on SPAN | USD 110 (Based on SPAN, subject to change from time to time) |
| Calendar Spread Margin | 100% benefit is offered on calendar spread positions |
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