The great success of Apple in the last 10 years beyond its ability to launch revolutionary products and turn them into great sales success. Apple also has a special ability to sell and is extremely efficient with managing your money.
The Wall Street Journal has done a little research about how Apple manages its money, and has published a report called "Heard on the Street". The article explains, among other things, Apple has managed to streamline your business to receive payment for the products almost before rendering it. Here's an excerpt from the article:
"Thanks to the efficiency with which Apple handles most of its balance sheet, capital invested in your business is actually negative. In other words, Apple claims its products faster than it makes.
The cash goes before you leave, partly because Apple have an incredible bargain vis-à-vis their suppliers. On average, in fiscal 2011 did not pay providers for 83 days after being billed, according to an analysis of Toni Sacconaghi of Sanford C.Bernstein. However, Apple claimed the customer invoices much faster, with an average of 18 days. Meanwhile, it pays to keep only four days on hand inventoried in 2011, compared to the already impressive 10 days in 2010. "
You can read the entire article here (in perfect English). Worth it. Apple, as we know, control their own distribution channels, through its chain of stores worldwide. This, mixed with a massive presence in the market, Apple makes is at the top of companies.
Speaking of performance, Apple will release its quarterly results tomorrow. The company will release the numbers on a conference call around 17:00 noon, U.S..
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