Apple (NEOE:AAPL) Net Margin %

: 28.36% (As of Dec. 2023)

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Net margin is calculated as Net Income divided by its Revenue. Apple's Net Income for the three months ended in Dec. 2023 was C$45,502 Mil. Apple's Revenue for the three months ended in Dec. 2023 was C$160,422 Mil. Therefore, Apple's net margin for the quarter that ended in Dec. 2023 was 28.36%.

The historical rank and industry rank for Apple's Net Margin % or its related term are showing as below:

NEOE:AAPL' s Net Margin % Range Over the Past 10 Years
Min: 20.91 Med: 22.01 Max: 26.16
Current: 26.16

NEOE:AAPL's Net Margin % is ranked better than
96.51% of 2462 companies
in the Hardware industry
Industry Median: 2.815 vs NEOE:AAPL: 26.16

Apple Net Margin % Historical Data

The historical data trend for Apple's Net Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Apple Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Net Margin %

21.24

20.91

25.88

25.31

Apple Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Net Margin %																25.61	25.48	24.31	25.65	28.36

Competitive Comparison

For the Consumer Electronics subindustry, Apple's Net Margin %, along with its competitors' market caps and Net Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Apple Net Margin % Distribution

For the Hardware industry and Technology sector, Apple's Net Margin % distribution charts can be found below:

* The bar in red indicates where Apple's Net Margin % falls into.

Apple Net Margin % Calculation

Net margin - also known as net profit margin is the ratio of Net Income divided by net sales or Revenue, usually presented in percent.

Apple's Net Margin for the fiscal year that ended in Sep. 2023 is calculated as

Net Margin	=	Net Income (A: Sep. 2023 )	/	Revenue (A: Sep. 2023 )
	=	131243.934	/	518622.933
	=	25.31 %

Apple's Net Margin for the quarter that ended in Dec. 2023 is calculated as

Net Margin	=	Net Income (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	45501.706	/	160421.82
	=	28.36 %

Apple (NEOE:AAPL) Net Margin % Explanation

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.

Apple Net Margin % Related Terms

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Apple (NEOE:AAPL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Apple Inc (NEOE:AAPL) » Definitions » Net Margin %

Comparable Companies

Traded in Other Exchanges

AAPL:USA AAPL:Peru AAPL:Mexico AAPL:Italy APCd:UK 0R2V:UK APC:Germany AAPL:Chile AAPL34:Brazil AAPL:Austria AAPL:Argentina

Address

One Apple Park Way, Cupertino, CA, USA, 95014

Website

https://www.apple.com

Apple is among the largest companies in the world, with a broad portfolio of hardware and software products targeted at consumers and businesses. Apple's iPhone makes up a majority of the firm sales, and Apple's other products like Mac, iPad, and Watch are designed around the iPhone as the focal point of an expansive software ecosystem. Apple has progressively worked to add new applications, like streaming video, subscription bundles, and augmented reality. The firm designs its own software and semiconductors while working with subcontractors like Foxconn and TSMC to build its products and chips. Slightly less than half of Apple's sales come directly through its flagship stores, with a majority of sales coming indirectly through partnerships and distribution.