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Apple’s Annual Net Income (2000 – 2021, $ Billion)

Industry: Technology
Current: Company Performance

Apple’s Net income in 2021 amounted to $94.7 billion
In 2020, Apple’s net income was $57.4 billion
iPhone remains a money-spinner for Apple in 2021

Apple, the world’s leading company by market capitalization, reported a net income of $94.7 billion in 2021, an increase of nearly 65% as compared to a net income of $57.4 billion in 2020.

Apple generates its revenues from sales of products (iPhone, Mac, iPad, Wearables, etc.) and services (AppleCare, cloud, digital content, payment, and other services). The gross margins for these two segments are a stark contrast, with the products segment’s gross margin at 35% and a 70% of gross margin in the services segment.

Apple has full control over its product pricing, with higher volume sales in 2021 and the strength in foreign currencies relative to the U.S. dollar, thus net income for the fiscal year has increased year-over-year.

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