ƽ

Apple's Profit Slips for the First Time After a Decade of Growth

Record iPhone sales and better-than-expected revenue of $37.47 billion weren't enough to keep Apple's profit for the fiscal year from slipping for the first time in more than a decade. The company's net income for the twelve months ending on September 28 dropped 11 percent to $37.04 billion.

While that is still an astonishingly good result, it shows that there is a natural ceiling to what a company can achieve. Apple's margins have recently declined as a consequence of higher production and marketing costs on the one hand and increasingly strong competition from companies such as Samsung on the other hand. Moreover, the company's revenue growth has come down to an earthly level, as smartphone and tablet markets are becoming more saturated and Apple enthusiasts are kept waiting for a new revolutionary product.

Description

After a decade of almost unfathomable profit growth, Apple's incredible run came to an end this year. For the first time since 2001, Apple reported negative profit growth, as the company's net income dropped from $41.7 billion in fiscal 2012 to $37.0 billion in 2013.

Quarterly net income of the Inditex Group worldwide 2015-2025
Nike net income 2005-2026
Amazon quarterly net income 2016-2026
Premium statistics
Alibaba net income 2016-2026
Calzedonia Group: annual revenue growth rate 2010-2025
Premium statistics
Leading global oil and gas producers based on net income 2025

Any more questions?

Get in touch with us quickly and easily.
We are happy to help!

Do you still have questions?

Feel free to contact us anytime using our contact form or visit our FAQ page.

ƽ Content & Design

Need infographics, animated videos, presentations, data research or social media charts?