I need 125 word summary written on exxon mobil sic code of
When compared to the industry, Apple Inc. performed exceptionally well in 2020 due to robust demand for its products during the pandemic and focus on innovation and quality. Apple’s revenue grew significantly during this period, rising by 15.2% YoY from $260B in 2019 to $299.9B in 2020. Additionally, their net income saw a notable increase of 17%, increasing from $55B in 2019 to $64B in 2020.
These figures are testament to the success of the company’s strategies during a difficult economic environment and how it managed to capitalize on increased demand for digital services and products offered by the company such as music streaming subscriptions, cloud storage services, gaming apps etc
In terms of financial ratios such as return on assets (ROA), Apple outperformed its peers with an ROA of 25% compared to the industry average of 8%. This is indicative of strong management efficiency which enabled them to generate more profits per dollar invested than their competitors.
In terms of financial ratios such as return on assets (ROA), Apple outperformed its peers with an ROA of 25% compared to the industry average of 8%. This is indicative of strong management efficiency which enabled them to generate more profits per dollar invested than their competitors.
Overall, Apple performed very well compared with the industry in terms of both overall financial performance and important metrics related specifically to profitability and management efficiency.
Order an Essay Now & Get These Features For Free:
Turnitin Report
Formatting
Title Page
Citation
Outline
