The above graph represents Apple net income by year, starting from fiscal 1993 to the most recent completed year. Apple posted a record net income of $59,531 million ($59.5 billion) in 2018, with a significant 23% YoY increase. Interestingly, nearly 34% of the company’s total net profit generated alone in the first quarter of 2018.
|Source||Apple Annual Reports, SEC Filings|
|Last Updated||31 July 2019|
|Note||Apple financial year – October 1 to September 30|
It was the first time in fiscal 2015 when the Cupertino giant achieved $50 billion annual net income milestone. The total net profit increased an impressive 35% year-over-year to $53,394 million ($53.4 billion). The growth was led by the first quarter of fiscal 2015. However, in fiscal 2016, the company witnessed a notable 14% YoY decline in its annual net income.
The annual net income of Apple consistently increased between fiscal 2002 and 2012. In fiscal 2002, Apple generated a net profit of $65 million, after suffering from a net loss of $25 million in 2001. In fiscal 2010, the company generated over $14 billion ($14,013 million to be specific) of total net profit, which later increased to $41,733 million ($41.7 billion) in fiscal 2012.
When it comes to the loss, Apple reported a huge net loss of $1,045 million ($1 billion) in fiscal 1997, as compared with the net loss of $816 million a year ago. Surprisingly, fiscal 1997 was the only year in the history of Apple when it reported the loss in all the four quarters.
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