APPLE stock

Topics: JPMorgan Chase, Apple Inc., Bear Stearns Pages: 7 (598 words) Published: February 7, 2015


Shardena Perry
Tiffin University
MGT 506
Week 7 Assignment
October 9, 2014

From NASDAQ, my chosen stock is AAPL, which is the symbol for Apple Inc. “ Apple Inc. is an American multinational corporation headquartered in Cupertino, California, Apple designs, develops, and sells consumer electronics, software, online services, and personal computers. “(Apple.com) Apple’s most successful items have been the Mac computer, the iPod, and iPhone Apple was founded on April 1, 1976 by Steve Jobs, Steve Wozniak, and Ronald Wayne. Apple was incorporated as Apple, Inc. January 9, 2007. The company has a net income of approximatively 37 billion a year, and employs approximately 98,000 employees. “Apple Inc. designs, manufactures, and markets personal computers and related personal computing and mobile communication devices along with a variety of related software, services, peripherals, and networking solutions. The Company sells its products worldwide through its online stores, its retail stores, its direct sales force, third-party wholesalers, and resellers.”(Bloomberg)

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Apple’s iPhone 6, which was September 23, 2014, has already created such a great demand, that it has pushed back to release of their new iPad. “The bigger 12.9-inch iPad Pro tablet was supposed to enter production in December, The Wall Street Journal has learned, but that isn’t happening anymore because Apple suppliers are still struggling to meet tremendous iPhone 6 demand. Apple’s 2014 iPhone models are selling like hot cakes in more than 30 countries, with the devices expected to soon launch in China and India, two important mobile markets with a large number of potential buyers. “ (WSJ)

An interesting fact is that, “Apple grew its sales by $22 billion last year. That growth alone is bigger than most companies you've ever heard of. It's also more revenue than the ENTIRE COMPANY generated four years ago. Apple generated $65 billion of revenue last year. That's bigger than the GDP of Iraq, Croatia, Libya, Ecuador, and more than 100 other countries. “(business insider) From New York Stock Exchange, the stock I chose was JPM, which is the symbol for JP Morgan Chase & Co. JPMorgan Chase & Co., is one of the oldest, largest and best-known financial institutions in the world. The firm's legacy dates back to 1799 when its earliest predecessor was chartered in New York City. (JP Morgan Chase) As a customer of Chase, I can attest to the fact that Chase is everywhere. The many locations make banking with Chase convenient.

“JPMorgan Chase & Co. (JPMorgan Chase) is a financial holding company. The Company is engaged in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, asset management and private equity. One of the Company's principal operating subsidiaries in the United Kingdom is J.P. Morgan Securities plc. JPMorgan Chase's activities are organized into four business segments, as well as Corporate/Private Equity.” (NY Times) An interesting fact about JP Morgan Chase is, Salmon P. Chase’s image is on the $10,000 bill. A Secretary of the Treasury under Lincoln, Chase is the bank’s namesake and is considered the “Father of Modern Banking.” (JP Morgan)

Price of Stocks over a three day period:

Date
Price JPM
Price AAPL

6-Oct
59.51
102.21

7-Oct
59.5
102.18

8-Oct
59.51
102.17...

References: http://www.businessinsider.com/15-amazing-facts-about-apple-
http://www.apple.com
http://www.bloomberg.com
http://www.jpmorgan.com/pages/jpmorgan
http://www.jpmorgan.com/pages/jpmorgan/about/history/didyouknow
http://topics.nytimes.com/top/news/business/companies/morgan_j_p_chase_and_company
http://www.jpmorganchase.com/corporate/About-JPMC/jpmorgan-history.htm
http://online.wsj.com/articles/larger-apple-ipad-to-be-delayed-1412846867
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