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.
|Source||Apple Quarterly Reports, SEC Filings|
|Last Updated||31 July 2019|
|Note||Apple 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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