The above graph represents Apple net income by quarter, starting from fiscal Q1 1993 to the most recent quarter. In fiscal Q3 2019, Apple reported total net income of $10,044 million ($10 billion). That’s a notable 12.8% YoY decline.

SourceApple Quarterly Reports, SEC Filings
Last Updated31 July 2019
Graph ID409
NoteApple financial year – October 1 to September 30 of the following year

It is important to note that the first quarter, known as the holiday quarter, has been the most profitable quarter for the Cupertino giant since last 7 years. In fiscal Q1 2019, the company generated a net profit of $19,965 million (~ 20 billion). The first quarter of 2019 was the second-best in the history of Apple in terms of revenue and profit, trailing the first fiscal quarter of 2018.

Apple Net Income by Quarter: History

Apple posted a quarterly net income of $161 million in fiscal Q1 1993. It took 13 years for the company to achieve the milestone of $500 million net profit. In fiscal Q1 2006, Apple’s net profit increased a record 92.8% YoY to $565 million. In just one year, in fiscal Q1 2007, the company increased its net profit to $1,004 million ($1 billion).

In fiscal Q1 2012, Apple more than doubled its quarterly net income to $13,064 million ($13 billion), from $6,004 million ($6 billion) in fiscal Q1 2011. That was the first time when the company quarterly net income crossed $10 billion.

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