Apple (AAPL) - Revenue (2024)

FAQs

What makes up most of Apple's revenue? ›

Key Takeaways. Apple sells smartphones, personal computers, tablets, wearables and accessories, as well as a variety of services. iPhones are Apple's biggest source of revenue by far.

Apple is expected to report fiscal adjusted earnings rose 6.3% year over year to $1.34 a share and revenue grew by 3.2% to $84.4 billion, according to analysts surveyed by FactSet. A year ago, the company reported $1.26 a share in earnings on revenue of $81.8 billion.

Starting in FY 2022, Apple was booking nearly $100 billion in annual profits, twice the number three years earlier. The rub: Apple's market cap ramped far faster than even the gigantic swing in earnings. By mid-June of this year, its valuation had swelled to $3.2 trillion, over four times the figure in mid-2017.

In the third quarter of fiscal year 2024, Apple reported a net income of around 21.45 billion U.S. dollars. Apple's net income figures have grown massively in the past decade, with the yearly total rising from just over six billion dollars in 2008 to around 97 billion in 2023.

Apples are high in fiber, vitamin C, and various antioxidants. They are also very filling, considering their low calorie count. Studies show that eating apples can have multiple benefits for your health. Usually eaten raw, apples can also be used in various recipes, juices, and drinks.

Services have generated larger and larger shares of Apple's revenue in recent years. In the second quarter of Apple's 2024 fiscal year, services revenue accounted for over 28 percent of the company's total revenue, a higher share compared to those of iPads and wearables.

The Apple II was released in 1977 and by 1978 the company was pulling in its first net profit, just two years after it was founded.

Apple is one of the most profitable companies in the world due to a combination of factors, including: Strong brand and product design: Apple has a strong brand and reputation for creating high-quality and innovative products that are both functional and aesthetically pleasing.

The Company posted quarterly revenue of $85.8 billion, up 5 percent year over year, and quarterly earnings per diluted share of $1.40, up 11 percent year over year. “Today Apple is reporting a new June quarter revenue record of $85.8 billion, up 5 percent from a year ago,” said Tim Cook, Apple's CEO.

For smartphones, companies like Samsung, Google, Xiaomi, and OnePlus compete intensely with Apple with their flagship devices. Microsoft, Dell, HP, Lenovo, and Asus offer alternatives to Apple's Mac computers in the computer market.

What is Apple's number one selling item? ›

In 2021, the iPhone accounted for 46.9% of Apple's revenue, becoming its top-selling product and a major contributor to its revenue stream [2]. This is a testament to the brand's global popularity and the robust demand for its smartphones.

What Is the Most Profitable Company in the World? Saudi Aramco, a petroleum and natural gas company, is the world's most profitable company, and it earned $105.37 billion during the most recent fiscal year.

48.2% of smartphone users in the US are using iPhones. Among young people aged 25 to 34 in the US, 63.3% use iPhones. In 2021, the iPhone accounted for 46.9% of Apple's revenue, becoming its top-selling product. Apple sold approximately 217.72 million units of iPhones globally in fiscal year 2021.

Apple Inc. is an American multinational corporation and technology company headquartered in Cupertino, California, in Silicon Valley. It is best known for its consumer electronics, software, and services.

iPhone: Apple's most profitable product

The iPhone, initially released in 2007, became Apple's most successful product: The share of iPhone sales consistently amount to more than 40 percent of Apple's overall share of sales.

Vanguard owns the most shares of Apple (AAPL).