Similar companies
Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 94.9B | 10.7% |
| Gross Profit | 43.9B | 10.6% |
| Cost of Revenue | 57.6B | 9.8% |
| Operating expense | 14.3B | 0.3% |
| Net Income | 14.7B | 31.3% |
| EBITDA | 29.6B | 4.9% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 365B | 10.1% |
| Total Liabilities | 308B | 16.3% |
| Total Equity | 57B | 14.6% |
| Shares Outstanding | 15.1B | 0.7% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 26.8B | 7.1% |
| Cash from investing | 1.45B | 1237.8% |
| Cash from financing | -24.9B | 30.7% |
EPS
Financial Highlights for Apple in Q3 '24
Apple reported a revenue of 94.9B, which is a 10.7% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 43.9B, marking a 10.6% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 57.6B, a 9.8% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 14.3B, showing a -0.3% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 14.7B, showing a -31.3% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 29.6B, showing a 4.9% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
Apple faced some challenges this quarter with a decline in one or more of the key metrics: revenue, gross profit, or net income.
