Apple Revenue, Profits - AAPL Quarterly Income Statement

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$151.89 $1.5 (0.98%) AAPL stock closing price Sep 22, 2017 (Closing)

Looking at financial statements, along with the Apple stock price, it's management, its economic moat, and industry competitors forms an important part of fundamental analysis. ξ In the income statement, an investor can look at important parameters like revenue or sales, gross profits, net profits, and EPS basic to gain deeper insights. The income statement is always for an accounting period, typically for a year or quarter, and affects the stock. In this case, the AAPL stock is bound to reflect the impact of the QoQ decline of $7.49B. Along with Apple assets and Apple free cash flow, Apple profits as shown in profit and loss statement give key insights about the business. The profits have decreased from $11.03B QoQ and 2017-Q3 revenue is $45.41B. View details of revenue and profits for Apple for latest & last 40 quarters

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Quarterly
Annual
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Fiscal year is Oct - Sep.2017 Q32017 Q22017 Q12016 Q42016 Q32016 Q22016 Q12015 Q42015 Q32015 Q2
Apple Net Sales or Revenues
45.41B52.9B78.35B46.85B42.36B50.56B75.87B51.5B49.61B58.01B
Cost Of Goods Sold (COGS)27.92B32.31B48.18B29.04B26.25B30.64B45.45B30.95B29.92B34.35B
Apple Gross Profit
17.49B20.59B30.18B17.81B16.11B19.92B30.42B20.55B19.68B23.66B
Research & Development Expense2.94B2.78B2.87B2.57B2.56B2.51B2.4B2.22B2.03B1.92B
Selling General & Admin Expense3.78B3.72B3.95B3.48B3.44B3.42B3.85B3.71B3.56B3.46B
Income Before Depreciation Depletion Amortization10.77B14.1B23.36B11.76B10.11B13.99B24.17B14.62B14.08B18.28B
Depreciation Depletion Amortization----------
Non Operating Income540M587M821M427M364M155M402M439M390M286M
Interest Expense----------
Apple Pretax Income
11.31B14.68B24.18B12.19B10.47B14.14B24.57B15.06B14.47B18.56B
Provision for Income Taxes2.59B3.66B6.29B3.17B2.67B3.63B6.21B3.94B3.8B5B
Minority Interest----------
Investment Gains Losses----------
Other Income----------
Income Before Extraordinaries & Disc Operations8.72B11.03B17.89B9.01B7.8B10.52B18.36B11.12B10.68B13.57B
Extraordinary Items & Discontinued Operations----------
Apple Net Income (Profit/Loss)
8.72B11.03B17.89B9.01B7.8B10.52B18.36B11.12B10.68B13.57B
Average Shares used to compute Diluted EPS5.23B5.26B5.33B5.39B5.47B5.54B5.59B5.68B5.77B5.83B
Average Shares used to compute Basic EPS5.2B5.23B5.3B5.37B5.44B5.51B5.56B5.65B5.73B5.79B
Income Before Nonrecurring Items8.72B11.03B17.89B9.01B7.8B10.52B18.36B11.12B10.68B13.57B
Income from Nonrecurring Items----------
Apple Earnings Per Share Basic Net
1.682.113.381.681.431.913.301.971.862.34
Apple Earnings Per Share Diluted Net
1.672.103.361.671.421.903.281.961.852.33
EPS Diluted Before Nonrecurring Items1.672.103.361.671.421.903.281.961.852.33
Preferred Dividends Acc Pd----------
Dividends Common3284.722990.53--------
Dividend Per Share Common0.630.570.570.570.570.520.520.520.520.47
All figures in USD. M: Millions of USD, B: Billions of USD.
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It is very helpful to read a report on Apple stock analysis. An investor must check the following items in an income statement:
  • Top line: The word topline comes from the fact that the first line of an income statement refers to sales numbers. If you check you will find that AAPL stock has a topline or revenue of $45.41B for 2017-Q3 as per this Apple revenue chart. Investors look for stocks with a growing top line.
  • Bottom line: The word bottom line comes because it is usually the last line of the income statement and refers to the actual profits after deducting all expenses from the revenues. AAPL stock had a poor bottom line growth.
The income statement is also called the profit and loss statement. Apart from the AAPL income statement, one can check the Apple historical stock prices to check how the price has moved with time .

Apple Income Statement - Key Financial Ratios

PE Ratio (price earnings ratio)
17.26
PS Ratio (price sales ratio)
3.53
Operating Margin
23.7
Net Profit Margin
19.2
Dividend Yield
1.54%