APPLE INC

APPLE INC

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.

 

Apple’s Growth

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.

 

Apple Stock Analysis*

Apple Income Statement

Gross Profit: $16106 million

Operating Income: $10105 million

Net Income: $7796 million

 

Balance Sheet

Total Assets: $305602 million

Total Liabilities: $71486 million

Total Equity: $126541 million

 

Investment Sheet

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

Note 1*: For the avoidance of ‘fat finger’ errors price band shall be 5% from previous settlement price e.g. if previous settlement price is USD 111.3, the price band is USD 6 i.e. from USD 105.3 to USD 117.3)