Apple Inc (AAPL)
Gross profit margin
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 180,683,000 | 177,231,000 | 173,966,000 | 173,671,000 | 169,148,000 | 166,816,000 | 166,288,000 | 166,871,000 | 170,782,000 | 167,861,000 | 167,231,000 | 162,751,000 | 152,836,000 | 142,351,000 | 129,776,000 | 114,067,000 | 104,956,000 | 104,580,000 | 102,127,000 | 101,578,000 |
| Revenue (ttm) | US$ in thousands | 391,035,000 | 384,601,000 | 379,623,000 | 383,706,000 | 380,282,000 | 381,105,000 | 382,546,000 | 384,297,000 | 391,397,000 | 384,766,000 | 383,295,000 | 375,622,000 | 363,172,000 | 345,182,000 | 323,401,000 | 292,043,000 | 272,276,000 | 271,618,000 | 265,573,000 | 265,022,000 |
| Gross profit margin | 46.21% | 46.08% | 45.83% | 45.26% | 44.48% | 43.77% | 43.47% | 43.42% | 43.63% | 43.63% | 43.63% | 43.33% | 42.08% | 41.24% | 40.13% | 39.06% | 38.55% | 38.50% | 38.46% | 38.33% |
September 30, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $180,683,000K ÷ $391,035,000K
= 46.21%
Apple Inc's gross profit margin has shown a generally increasing trend over the past few years, indicating improvements in the company's ability to generate profits from its revenue streams. The gross profit margin ranged from 38.33% in December 2019 to 46.21% in September 2024. This upward trend suggests that Apple has been effectively managing its production costs and pricing strategies to enhance profitability.
The consistent improvement in the gross profit margin signifies that Apple has been able to maintain a competitive position in the market, potentially through cost efficiencies, pricing power, and product differentiation. Investors and analysts often view a rising gross profit margin positively as it indicates the company's ability to efficiently convert revenue into profits before accounting for other operating expenses.
Overall, Apple's increasing gross profit margin trend highlights the company's strong operational performance and competitiveness within the technology industry. Nevertheless, it will be essential to monitor future trends to ensure sustained profitability and competitiveness in the market.
Peer comparison
Sep 30, 2024