What is Apple's biggest source of income?
Apple's iPhone sales accounted for over 58 percent of the company's overall revenue in the first quarter of fiscal year 2024, the largest share of all Apple products. Over the years, services as well as wearables, home and accessories have made a growing contribution to Apple's net sales.
iPhone Statistics
iPhone is Apple's most valuable product and has, since 2008, been its main source of revenue.
iPhone and Services sales represented the main revenue drivers in 2022. Within the service revenues, the fastest growing sub-segment was the advertising business Apple built on top of the App Store, followed by the Mac, Accessories & Wearables, and the iPad.
Apple Inc (Apple) designs, manufactures, and markets smartphones, tablets, personal computers, and wearable devices. The company offers software applications and related services, accessories, and third-party digital content.
U.S.: Apple's biggest market
The high revenue generated from the Americas is largely due to Apple's strong performance in their home market, the United States.
- Google.
- Microsoft.
- IBM.
- Salesforce.
- DYWIDAG.
- IBM (Red Hat)
- Oracle.
- SAP.
Total debt on the balance sheet as of December 2023 : $108.04 B. According to Apple's latest financial reports the company's total debt is $108.04 B. A company's total debt is the sum of all current and non-current debts.
Apple income after taxes for the twelve months ending December 31, 2023 was $100.913B, a 6.03% increase year-over-year. Apple annual income after taxes for 2023 was $96.995B, a 2.81% decline from 2022. Apple annual income after taxes for 2022 was $99.803B, a 5.41% increase from 2021.
Apple Computer Company was founded on April 1, 1976, by Steve Jobs, Steve Wozniak, and Ronald Wayne as a partnership. The company's first product is the Apple I, a computer designed and hand-built entirely by Wozniak. To finance its creation, Jobs sold his Volkswagen Bus, and Wozniak sold his HP-65 calculator.
A $490 cost and a retail price of $1,099, Apple appears to be earning a $609 profit per phone. However, it's difficult to determine the actual profit per unit since there are other cost factors that go into making the iPhone.
Who is Apple's main customers?
Apple is a Clever Pro Max 🤓 company that knows its target audience inside and out. Based on that, it tailors the marketing moto and advertising to resonate with the audience's pain point. Therefore, Apple's target audience is - creatives, professionals, and the ones who have enough money.
Originally Answered: What does Apple invest its large amount of profits in? The lion's share of Apple's cash surplus is invested in corporate securities and U.S. treasury securities. Nearly 90% ($181 billion) of the surplus is held off shore, according to Apple's CFO, Luca Maestri.
Apple Inc., American manufacturer of personal computers, smartphones, tablet computers, computer peripherals, and computer software and one of the most recognizable brands in the world. It was the first successful personal computer company and the popularizer of the graphical user interface.
Valued at over $3 trillion, Apple is the largest company in the world by market capitalization as of December 2023. Samsung, with a market cap of over $374 billion, is another global powerhouse. The company makes up over a fifth of South Korea's GDP. The bulk of Apple's sales is from its iPhones.
Apple, a longtime leader in smartphone revenue and profits, has now taken the lead in global smartphone sales by volume, surpassing Samsung.
The world's most valuable company Apple at one point in time had their main supplier making 500,000 of its cell phones per day at one mega factory in China. Then last year, COVID-19 lockdowns and protests of harsh working conditions caused major disruptions at the factory.
The ownership structure of Apple (AAPL) stock is a mix of institutional, retail and individual investors. Approximately 34.58% of the company's stock is owned by Institutional Investors, 0.11% is owned by Insiders and 65.31% is owned by Public Companies and Individual Investors.
During the time of Apple II, and III, Apple's main competitors were IBM and Xerox. You might know Xerox from printers, they made computers too! IBM PC.
The Samsung Galaxy and Note series have been responsible for reductions in iPhone sales for many years. Samsung has developed into one of the largest and most profitable companies, not only in Asia but worldwide. There are many additional competitors which seek to target some segment of Apple's services or products.
CUPERTINO, CALIFORNIA Apple today announced financial results for its fiscal 2023 fourth quarter ended September 30, 2023. The Company posted quarterly revenue of $89.5 billion, down 1 percent year over year, and quarterly earnings per diluted share of $1.46, up 13 percent year over year.
How risky is Apple's debt?
Apple has a low net debt to EBITDA ratio of only 0.27. And its EBIT covers its interest expense a whopping 648 times over. So we're pretty relaxed about its super-conservative use of debt. The good news is that Apple has increased its EBIT by 4.1% over twelve months, which should ease any concerns about debt repayment.
Total debt on the balance sheet as of December 2023 : $9.57 B. According to Tesla's latest financial reports the company's total debt is $9.57 B. A company's total debt is the sum of all current and non-current debts.
1) Saudi Aramco – $247.43 Billion
In 2023, Saudi Aramco, the Saudi Arabian oil giant, raked in the highest net revenue globally, scoring profits of over 247 billion U.S. dollars.
- NeXT Software. Apple bought NeXT Software in 1997 for $427 million. ...
- Siri Inc. Apple bought Siri in 2010 for an undisclosed amount. ...
- AuthenTec. ...
- Beats Music and Beats Electronics. ...
- Shazam. ...
- Intel's smartphone modem business.
The company generated $394,328 million in revenue and employed 164,000 full-time employees in FY2022 and 154,000 employees in FY2021.
