Americas

Europe

Greater China

Japan

Rest of Asia Pacific

Net Sales by Geography

Revenue segments as reported by the company.

iPhone

iPad

Services

Other

Revenue Segments

Gross Profit, Operating Income, and Net Income as a percentage of Revenue

Gross Margin

Operating Margin

Profit Margin

Margins

An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

SG&A

Operating Expenses

Year over year growth in Revenue and Operating Expenses.

Revenue Y/Y

OpEx Y/Y

Growth

Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

Apple

Apple Music is a music and video streaming service developed by Apple Inc. Users select music to stream to their device on-demand, or they can listen to existing, curated playlists. The service also includes the Internet radio station Beats 1, that broadcasts live to over 100 countries 24 hours a day. The service was announced on June 8, 2015, and launched on June 30, 2015 in over 100 countries worldwide. New subscribers get a three-month free trial period before the service becomes paid-only.

Apple Music

Apple Watch is a line of smartwatches designed, developed, and marketed by Apple Inc. It incorporates fitness tracking and health-oriented capabilities with integration with iOS and other Apple products and services.

Apple Watch

Apple TV is a digital media player and microconsole developed and sold by Apple Inc. It is a small network appliance and entertainment device that can receive digital data from a number of sources and stream it to a capable television.

Apple TV

Beats by Dr. Dre (Beats) is a leading audio brand founded in 2006 by Dr. Dre and Jimmy Iovine. Through its family of premium consumer headphones, earphones and speakers, Beats has introduced an entirely new generation to the possibilities of premium sound entertainment. The brand’s continued success helps bring the energy, emotion and excitement of playback in the recording studio back to the listening experience for music lovers worldwide. Beats was acquired by Apple Inc. in July 2014.

Beats by Dre

Shazam Entertainment Ltd. is a British app development company that created an app that can identify music, movies, advertising, and television shows, based on a short sample played and using the microphone on the device. On December 11, 2017, the company was bought by Apple Inc.The software is available for Android, macOS, iOS, watchOS and tvOS. Shazam Entertainment Limited was founded in 1999 by Chris Barton, Philip Inghelbrecht, Avery Wang, and Dhiraj Mukherjee.

Shazam

Apple, Inc. engages in the design, manufacture, and sale of smartphones, personal computers, tablets, wearables and accessories, and other varieties of related services. It operates through the following geographical segments: Americas, Europe, Greater China, Japan, and Rest of Asia Pacific. The Americas segment includes North and South America. The Europe segment consists of European countries, as well as India, the Middle East, and Africa. The Greater China segment comprises China, Hong Kong, and Taiwan. The Rest of Asia Pacific segment includes Australia and Asian countries. Its products and services include iPhone, Mac, iPad, AirPods, Apple TV, Apple Watch, Beats products, AppleCare, iCloud, digital content stores, streaming, and licensing services. The company was founded by Steven Paul Jobs, Ronald Gerald Wayne, and Stephen G. Wozniak in April 1976 and is headquartered in Cupertino, CA.

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Earnings data Q1 2025

Apple reports record revenue, Services shine amidst challenges and opportunities

Apple's Q1 2023 performance was marked by record revenue, strong Services growth, and challenges in iPhone and Mac sales.
The company's commitment to innovation, customer loyalty, and market expansion positions it well for future growth.
Despite industry challenges, Apple's strategic focus on premium products, services, and emerging markets presents significant opportunities.

Apple reports record revenue in Q2 2023, eyes growth opportunities

Apple's Q2 2023 performance was driven by record revenue, strong Services, and iPhone sales, despite challenges in Mac and iPad segments.
The company's focus on customer satisfaction, innovation, and growth in emerging markets presents opportunities for future expansion.
Investors are monitoring Apple's growth rates closely, while the company remains optimistic about its outlook and opportunities for improvement.
Overall, Apple's performance in Q2 sets a positive tone for the June quarter, with stable gross margins and potential for growth in various segments.

Apple beats Q3 revenue expectations, eyes growth in India and AI innovation

Apple's Q3 performance exceeded expectations, driven by strong iPhone sales and record Services revenue. Challenges include anticipated revenue declines in Mac and iPad segments. Opportunities in expanding markets like India and leveraging AI for innovation.

Apple reports record Q4 earnings, eyes growth in innovation

Apple's Q4 2023 performance showcased strong revenue and profitability, driven by iPhone and Services growth.
While facing challenges in Mac and iPad revenue, Apple's focus on sustainability and innovation positions it for future success.
Opportunities lie in continued growth across product lines, technological advancements, and operational enhancements.
Overall, Apple's strategic focus on revenue diversification, sustainability, and innovation sets a solid foundation for future growth.

Apple reports record Q1 earnings, eyes growth in enterprise and China

Apple delivered a strong financial performance in Q1 2024, driven by robust iPhone sales, record services revenue, and margin expansion.
While facing challenges in certain product segments and short-term disruptions, Apple remains optimistic about growth opportunities in emerging markets and enterprise.
The company's commitment to innovation, environmental sustainability, and social impact underpins its strong brand image and customer loyalty.
With a focus on generative AI, maintaining investment levels, and expanding into new markets, Apple aims to sustain growth and profitability in the long term.

Apple reports Q2 revenue growth, faces iPhone challenges, eyes opportunities

Apple's Q2 2024 performance showcased strong revenue and EPS records, with notable growth in Services.
While facing challenges in iPhone and iPad revenue, Apple's focus on sustainability and innovation remains strong.
Opportunities in generative AI, emerging markets, and enterprise applications position Apple for future growth.
Strategies to address challenges and capitalize on strengths will be crucial for Apple's continued success in the market.

Apple reports record Q3 revenue, Services shine amid product challenges

Apple delivered a strong performance in Q3 2024, achieving record revenues and EPS, with notable growth in Services and select product categories. The company's commitment to innovation, privacy, and global expansion underpins its strategic direction.
While facing challenges in certain product segments, Apple's strengths in Services, brand reputation, and shareholder returns position it well for future opportunities. Balancing growth, innovation, and operational excellence will be key to navigating potential risks.
Overall, Apple's Q3 performance reflects a mix of successes and challenges, highlighting the need for continued strategic focus on product innovation, market expansion, and sustainable practices to drive long-term value for shareholders and customers.

Apple posts record Q4 revenue, Services shine amid challenges

Apple's Q4 2024 earnings reflect a robust performance driven by record revenue and strong growth in key product segments.
While facing challenges in certain areas, Apple's strategic strengths in Services, innovation, and content offerings position the company well for future growth.
Opportunities lie in expanding services, leveraging Apple Intelligence features, and tapping into emerging markets for sustained revenue growth.

Revenue

Cost of revenue

Gross profit

Operating expenses

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

NVIDIA

Invesco QQQ

Stocks are off to one of their best starts in history in 2024. However, several data points suggest that a short-term correction may loom.

U.S. Stocks: Does a Summer Market Correction Loom?

Accenture Plc

Automatic Data Processing

Arthur J. Gallagher & Co.

A. O. Smith

Air Products and Chemicals

Amphenol

Atmos Energy

American States Water

Becton, Dickinson and Co.

Brown & Brown

Chubb

Colgate-Palmolive

Comcast

Canadian National Railway Company

Cencora Inc

Costco

Cisco Systems

Cintas Corp

California Water Service Group

Fastenal

Franklin Electric

General Dynamics

Graco

This article updates one I wrote in August 2022, which was based on a template article by David Van Knapp published in June 2020. I use an adapted quality scoring system to assess the quality of dividend growth stocks. The system employs six quality indicators from independent sources and assigns 0-5 points to each quality indicator, for a maximum of 30 points.

The Highest Quality Dividend Growth Stocks In 2024

Apple Inc. is again the largest U.S. company, but one analyst has pause about the stock's ability to further its recent rally.

Why Apple's stock may lack upside after a 38% climb off this year's lows

Piper Sandler analyst Matt Farrell lifted his price target on the iPhone maker to $225 from $190, and reiterated a Neutral rating.

Apple Stock Has Been on a Tear. One Analyst Sees a Growing Risk.

AbbVie

Bristol-Myers

Chevron

Kroger

Occidental Petroleum

Visa

I just read an article that quoted billionaire hedge fund manager, David Einhorn, as saying value investing was dead. Since I'm writing about the best Warren Buffett stocks, that thought piqued my interest.

The 7 Best Warren Buffett Stocks to Buy in July 2024

Amazon

Alphabet

Microsoft

Tesla

The index is now highly concentrated in growth stocks. Buying the S&P even at an inflated valuation has been a winning strategy over the long term.

35% of the S&P 500 Is Concentrated in the "Magnificent Seven." Here's What That Means for Your Portfolio.

The magnificent rally in the Magnificent Seven stocks has added trillions in value to the stock market over the past few years. Undoubtedly, these seven stocks alone are worth more than many developed economies put together.

3 Magnificent 7 Stocks Still Worth Buying at New Highs

Amid an overbought market and expectations of prolonged higher interest rates, cash-rich stocks have emerged as prudent investments. These firms generate substantial free cash flows, crucial for managing debt effectively across business cycles.

3 Cash-Rich Stocks to Steady Your Shaky Portfolio

After a weak start to 2024 marked by decline and stagnation, Apple (NASDAQ: AAPL) finally took off in the stock market in early May.

Wall Street sets Apple stock price for next 12 months

Apple's fiscal Q3 earnings report may be overshadowed by anticipation for the upcoming iPhone launch and AI push. The recent surge in Apple shares has raised valuation concerns, with the calendar 2026 P/E ratio significantly higher than peers. Analysts expect a major upgrade supercycle with the iPhone 16, hoping it will fuel the next leg of the company's growth.

Apple: Upcoming Earnings Report May Be Irrelevant

Share prices of the high-flying group appear “overbought,” according to one technical analysis.

The Biggest Risk to the Mag 7 Is How Well They're Doing

Booking Hlds

Intuitive Surgical

Netflix

The 10 best performing stocks over the past two decades share several similar attributes. Investors should study and understand the common traits of true market leaders.

Investing Lessons: The 10 Best Stocks of the Past 20 Years

Apple has removed several VPN apps from its App Store in Russia at the request of the government's communications watchdog, according to VPN makers.

Apple removes VPN apps at request of Russian authorities, say app makers

Apple (AAPL) could be on the path to a $4 trillion market capitalization as an iPhone upgrade cycle approaches, driven by the iPhone 16 supercharged with artificial intelligence (AI) capabilities, according to Wedbush analysts.

How the iPhone 16 With AI Could Send Apple's Market Value to $4T

To gain an edge, this is what you need to know today.

Investors Pay Attention To Nvidia, Apple, And Microsoft Divergence; Election Shock In France

There are "spots of optimism" for Apple Inc (NASDAQ:AAPL) iPhone growth ahead of the iPhone 16 upgrade cycle, said analyst Dan Ives of Wedbush in his preview of the upcoming quarterly earnings report.  Signs of iPhone "stabilization" were seen in recent Asia supply chain checks, Ives said, after a better-than-expected March quarter and ahead of what he now believes will be "the last negative growth quarter for China with a growth turnaround beginning in the September quarter".

Apple optimism stirs ahead of iPhone 16 upgrade cycle - Wedbush's Dan Ives

Investors and tech enthusiasts alike are closely watching Apple Inc. AAPL, with the upcoming iPhone 16 and its AI-driven features generating significant buzz.

Apple's 'Path To $4 Trillion': iPhone 16 AI Supercycle Sparks Analyst Optimism

Broadcom

JPMorgan Chase & Co

Eli Lilly

When it comes to investing, individual exchange-traded funds (ETFs) aren't a one-size-fits-all financial vehicle as there are plenty of funds to choose from and the number of long-term possibilities in the ETF market continues to grow year-over-year.

Wall Street Favors These Four ETFs With Stellar Ratings

Advanced Micro Devices

Intel

Advanced Micro Devices, Apple and Intel could start catching up with AI winners like Nvidia in the latter half of 2024 according to Melius Research.

Apple, AMD and Intel Should Be AI Winners for the Second Half, Says Analyst

Coined by Bank of America's chief investment strategist Michael Hartnett, the Magnificent 7 is a group of seven technology companies known for their significant market capitalization and impact on global markets. The Magnificent 7 currently includes e-commerce giants Amazon.com and Alphabet, consumer tech providers Apple and Microsoft, EV leader Tesla, semiconductor manufacturer NVIDIA, and social media powerhouse Meta.

What Makes These 7 Stocks Magnificent?

News for Apple Stock (AAPL)