94.9B 10.7%
Total Revenue QoQ (USD) - Q3 '24

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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%

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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.

The analytics provided are estimates and not a substitute for professional advice. All investments involve risks, including possible capital loss.
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