2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Revenue | $275B | $366B | $394B | $383B | $391B |
Cost of Revenue | $170B | $213B | $224B | $214B | $210B |
Gross Profit | $105B | $153B | $171B | $169B | $181B |
Gross Profit % | 38% | 42% | 43% | 44% | 46% |
R&D Expenses | $19B | $22B | $26B | $30B | $31B |
2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Net Income | $57B | $95B | $100B | $97B | $94B |
Dep. & Amort. | $11B | $11B | $11B | $12B | $11B |
Def. Tax | -$215M | -$4.8B | $895M | $0 | $0 |
Stock Comp. | $6.8B | $7.9B | $9B | $11B | $12B |
Chg. in WC | $5.7B | -$4.9B | $1.2B | -$6.6B | $3.7B |
2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Cash | $38B | $35B | $24B | $30B | $30B |
ST Investments | $53B | $28B | $25B | $32B | $35B |
Cash & ST Inv. | $91B | $63B | $48B | $62B | $65B |
Receivables | $37B | $52B | $61B | $61B | $66B |
Inventory | $4.1B | $6.6B | $4.9B | $6.3B | $7.3B |
Apple reported an all-time high revenue of $124.3 billion for the December quarter, up 4% year-over-year, with EPS also reaching a record $2.40, a 10% increase.
The installed base of active devices surpassed 2.35 billion, driven by strong performance across iPhone, Mac, iPad, and services, with iPhone revenue at $69.1 billion and Mac revenue up 16% year-over-year.
Services revenue hit a record $26.3 billion, growing 14% year-over-year, with over 1 billion paid subscriptions and strong engagement across offerings like Apple TV+, Apple Arcade, and Fitness+.
Apple Intelligence features were highlighted as a key driver of product demand, with plans to expand to more languages and regions in April, further enhancing user experiences across devices.
For the March quarter, Apple expects total revenue growth in the low to mid-single digits year-over-year, services revenue growth in low double digits, and gross margin guidance between 46.5% and 47.5%.