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Apple Gross Profit

: $98,163 Mil (TTM As of Jun. 2019)
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Apple's gross profit for the three months ended in Jun. 2019 was $20,227 Mil. Apple's gross profit for the trailing twelve months (TTM) ended in Jun. 2019 was $98,163 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Apple's gross profit for the three months ended in Jun. 2019 was $20,227 Mil. Apple's Revenue for the three months ended in Jun. 2019 was $53,809 Mil. Therefore, Apple's Gross Margin % for the quarter that ended in Jun. 2019 was 37.59%.

Apple had a gross margin of 37.59% for the quarter that ended in Jun. 2019 => Competition eroding margins

During the past 13 years, the highest Gross Margin % of Apple was 43.87%. The lowest was 37.62%. And the median was 39.23%.


Apple Gross Profit Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

Apple Annual Data
Sep09 Sep10 Sep11 Sep12 Sep13 Sep14 Sep15 Sep16 Sep17 Sep18
Gross Profit Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 70,537.00 93,626.00 84,263.00 88,186.00 101,839.00

Apple Quarterly Data
Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19
Gross Profit Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 20,421.00 24,084.00 32,031.00 21,821.00 20,227.00

Competitive Comparison
* 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.


Apple Gross Profit Distribution

* The bar in red indicates where Apple's Gross Profit falls into.



Apple Gross Profit Calculation

Gross Profit is the different between the sale prices and the cost of buying or producing the goods.

Apple's Gross Profit for the fiscal year that ended in Sep. 2018 is calculated as

Gross Profit (A: Sep. 2018 )=Revenue - Cost of Goods Sold
=265595 - 163756
=101,839

Apple's Gross Profit for the quarter that ended in Jun. 2019 is calculated as

Gross Profit (Q: Jun. 2019 )=Revenue - Cost of Goods Sold
=53809 - 33582
=20,227

Gross Profit for the trailing twelve months (TTM) ended in Jun. 2019 was 24084 (Sep. 2018 ) + 32031 (Dec. 2018 ) + 21821 (Mar. 2019 ) + 20227 (Jun. 2019 ) = $98,163 Mil.

Gross Profit is the numerator in the calculation of Gross Margin:

Apple's Gross Margin % for the quarter that ended in Jun. 2019 is calculated as

Gross Margin % (Q: Jun. 2019 )=Gross Profit (Q: Jun. 2019 ) / Revenue (Q: Jun. 2019 )
=(Revenue - Cost of Goods Sold) / Revenue
=20,227 / 53809
=37.59 %

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.


Apple  (NAS:AAPL) Gross Profit Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Apple had a gross margin of 37.59% for the quarter that ended in Jun. 2019 => Competition eroding margins


Apple Gross Profit Related Terms


Apple Gross Profit Headlines

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