Stock Analysis on Net

Apple Inc. (NASDAQ:AAPL)

$24.99

Analysis of Reportable Segments

Microsoft Excel

Apple Inc. operates in 5 segments: Americas; Europe; Greater China; Japan; and Rest of Asia Pacific.

Paying users area


We accept:

Visa Mastercard American Express Maestro Discover JCB PayPal Apple Pay Google Pay
Visa Secure Mastercard Identity Check American Express SafeKey

Segment Profit Margin

Apple Inc., profit margin by reportable segment

Microsoft Excel
Sep 30, 2023 Sep 24, 2022 Sep 25, 2021 Sep 26, 2020 Sep 28, 2019 Sep 29, 2018
Americas
Europe
Greater China
Japan
Rest of Asia Pacific

Based on: 10-K (reporting date: 2023-09-30), 10-K (reporting date: 2022-09-24), 10-K (reporting date: 2021-09-25), 10-K (reporting date: 2020-09-26), 10-K (reporting date: 2019-09-28), 10-K (reporting date: 2018-09-29).

Segment profitability ratio Reportable segment The company
Segment profit margin Americas Americas segment profit margin ratio improved from 2021 to 2022 and from 2022 to 2023.
Europe Europe segment profit margin ratio improved from 2021 to 2022 and from 2022 to 2023.
Greater China Greater China segment profit margin ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023 not reaching 2021 level.
Japan Japan segment profit margin ratio improved from 2021 to 2022 and from 2022 to 2023.
Rest of Asia Pacific Rest of Asia Pacific segment profit margin ratio improved from 2021 to 2022 and from 2022 to 2023.

Segment Profit Margin: Americas

Apple Inc.; Americas; segment profit margin calculation

Microsoft Excel
Sep 30, 2023 Sep 24, 2022 Sep 25, 2021 Sep 26, 2020 Sep 28, 2019 Sep 29, 2018
Selected Financial Data (US$ in millions)
Operating income
Net sales
Segment Profitability Ratio
Segment profit margin1

Based on: 10-K (reporting date: 2023-09-30), 10-K (reporting date: 2022-09-24), 10-K (reporting date: 2021-09-25), 10-K (reporting date: 2020-09-26), 10-K (reporting date: 2019-09-28), 10-K (reporting date: 2018-09-29).

1 2023 Calculation
Segment profit margin = 100 × Operating income ÷ Net sales
= 100 × ÷ =

Segment profitability ratio Reportable segment The company
Segment profit margin Americas Americas segment profit margin ratio improved from 2021 to 2022 and from 2022 to 2023.

Segment Profit Margin: Europe

Apple Inc.; Europe; segment profit margin calculation

Microsoft Excel
Sep 30, 2023 Sep 24, 2022 Sep 25, 2021 Sep 26, 2020 Sep 28, 2019 Sep 29, 2018
Selected Financial Data (US$ in millions)
Operating income
Net sales
Segment Profitability Ratio
Segment profit margin1

Based on: 10-K (reporting date: 2023-09-30), 10-K (reporting date: 2022-09-24), 10-K (reporting date: 2021-09-25), 10-K (reporting date: 2020-09-26), 10-K (reporting date: 2019-09-28), 10-K (reporting date: 2018-09-29).

1 2023 Calculation
Segment profit margin = 100 × Operating income ÷ Net sales
= 100 × ÷ =

Segment profitability ratio Reportable segment The company
Segment profit margin Europe Europe segment profit margin ratio improved from 2021 to 2022 and from 2022 to 2023.

Segment Profit Margin: Greater China

Apple Inc.; Greater China; segment profit margin calculation

Microsoft Excel
Sep 30, 2023 Sep 24, 2022 Sep 25, 2021 Sep 26, 2020 Sep 28, 2019 Sep 29, 2018
Selected Financial Data (US$ in millions)
Operating income
Net sales
Segment Profitability Ratio
Segment profit margin1

Based on: 10-K (reporting date: 2023-09-30), 10-K (reporting date: 2022-09-24), 10-K (reporting date: 2021-09-25), 10-K (reporting date: 2020-09-26), 10-K (reporting date: 2019-09-28), 10-K (reporting date: 2018-09-29).

1 2023 Calculation
Segment profit margin = 100 × Operating income ÷ Net sales
= 100 × ÷ =

Segment profitability ratio Reportable segment The company
Segment profit margin Greater China Greater China segment profit margin ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023 not reaching 2021 level.

Segment Profit Margin: Japan

Apple Inc.; Japan; segment profit margin calculation

Microsoft Excel
Sep 30, 2023 Sep 24, 2022 Sep 25, 2021 Sep 26, 2020 Sep 28, 2019 Sep 29, 2018
Selected Financial Data (US$ in millions)
Operating income
Net sales
Segment Profitability Ratio
Segment profit margin1

Based on: 10-K (reporting date: 2023-09-30), 10-K (reporting date: 2022-09-24), 10-K (reporting date: 2021-09-25), 10-K (reporting date: 2020-09-26), 10-K (reporting date: 2019-09-28), 10-K (reporting date: 2018-09-29).

1 2023 Calculation
Segment profit margin = 100 × Operating income ÷ Net sales
= 100 × ÷ =

Segment profitability ratio Reportable segment The company
Segment profit margin Japan Japan segment profit margin ratio improved from 2021 to 2022 and from 2022 to 2023.

Segment Profit Margin: Rest of Asia Pacific

Apple Inc.; Rest of Asia Pacific; segment profit margin calculation

Microsoft Excel
Sep 30, 2023 Sep 24, 2022 Sep 25, 2021 Sep 26, 2020 Sep 28, 2019 Sep 29, 2018
Selected Financial Data (US$ in millions)
Operating income
Net sales
Segment Profitability Ratio
Segment profit margin1

Based on: 10-K (reporting date: 2023-09-30), 10-K (reporting date: 2022-09-24), 10-K (reporting date: 2021-09-25), 10-K (reporting date: 2020-09-26), 10-K (reporting date: 2019-09-28), 10-K (reporting date: 2018-09-29).

1 2023 Calculation
Segment profit margin = 100 × Operating income ÷ Net sales
= 100 × ÷ =

Segment profitability ratio Reportable segment The company
Segment profit margin Rest of Asia Pacific Rest of Asia Pacific segment profit margin ratio improved from 2021 to 2022 and from 2022 to 2023.

Net sales

Apple Inc., net sales by reportable segment

US$ in millions

Microsoft Excel
Sep 30, 2023 Sep 24, 2022 Sep 25, 2021 Sep 26, 2020 Sep 28, 2019 Sep 29, 2018
Americas
Europe
Greater China
Japan
Rest of Asia Pacific
Total

Based on: 10-K (reporting date: 2023-09-30), 10-K (reporting date: 2022-09-24), 10-K (reporting date: 2021-09-25), 10-K (reporting date: 2020-09-26), 10-K (reporting date: 2019-09-28), 10-K (reporting date: 2018-09-29).


Operating income

Apple Inc., operating income by reportable segment

US$ in millions

Microsoft Excel
Sep 30, 2023 Sep 24, 2022 Sep 25, 2021 Sep 26, 2020 Sep 28, 2019 Sep 29, 2018
Americas
Europe
Greater China
Japan
Rest of Asia Pacific
Total

Based on: 10-K (reporting date: 2023-09-30), 10-K (reporting date: 2022-09-24), 10-K (reporting date: 2021-09-25), 10-K (reporting date: 2020-09-26), 10-K (reporting date: 2019-09-28), 10-K (reporting date: 2018-09-29).