Chart for Apple Inc 2021
In a 1- to 2-page chart, compare your company’s current financial reports with the market conditions from the previous fiscal year. Focus on interest rates, Federal Reserve Bank monetary policy changes, or other market conditions relevant to the company you selected. 

ApplesFiscalYear2021_Week3_YG.docx

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Comparing Apple’s Fiscal Year 2021
Financial Performance with Market Conditions
Yvette Garcia
FIN/571
Prof. Tucker
April 17, 2023

A multinational technology firm, Apple Inc. develops, produces, and markets electronic consumer goods, software, and online services. The company has its stock traded publicly, and as such quarterly financial reports are made available. We’ll contrast Apple’s financial performance for the upcoming fiscal year, 2021, with market conditions from the year before.
Market Condition
In 2020, the COVID-19 virus significantly negatively influenced the global economy and its growth. In response, the US Federal Reserve cut interest rates almost to zero and poured record amounts of money into the economy to regain some stability. Additionally, the Fed started a series of lending initiatives to increase the liquidity of the financial markets.
Financial Reports
In the fiscal year 2021, Apple reported sales of $365.8 billion, a 36% rise over the previous year. The company did exceptionally well thanks to increased sales of the iPhone, iPad, and Mac devices as well as the growth of its services sector. In the fiscal year 2021, Apple’s net income increased by 53% to $86 billion from the previous year. The company’s net profits increased as a result of the higher sales and gross margin.

Apple’s cash and cash equivalents totaled $191.8 billion at the end of its fiscal year 2021. This marked an increase of 6% from the prior year. The company had a large cash reserve, which enabled the company to invest in R