What Is Apple S Revenue Growth Rate

Above average sales in technology and computer hardware industry helped to elevate overall market growth to 3 34.

What is apple s revenue growth rate. Cumulative revenue growth comment. Total revenues peaked in 2018 when apple took in 265 6 billion u s. Aapl stock analyst estimates including earnings and revenue eps upgrades and downgrades. Apple inc managed to grow revenue by 1 03 year on year in the forth quarter 2020 to 64 70 billions while computer hardware industry fell by 0 28 technology sector grew 8 7.

Apple s annual revenue quadrupled from financial year 2010 to 2019. Broad based momentum in services. Annual revenue growth comment. Apple net income for the quarter ending september 30 2020 was 12 673b a 7 4 decline year over year.

Apple annual quarterly revenue history and growth rate from 2006 to 2020. Revenue can be defined as the amount of money a company receives from its customers in exchange for the sales of goods or services. Net income can be defined as company s net profit or loss after all revenues income items and expenses have been accounted for. Apple inc s annual revenue for the fiscal year ended 2020 increased by 5 51 to 274 515 00 millions from 260 174 00 millions achieved a year ago.

Apple inc s growrh rate for sales improved from 2 04 decline in the fiscal year 2019. In apple s fourth quarter of fiscal 2019 services revenue rose 18 to 12 5 billion. Apple annual quarterly net income history and growth rate from 2006 to 2020. Revenue is the top line item on an income statement from which all costs and expenses are subtracted to arrive at net income.

With the quarterly revenue reported in the sep 26 2020 period apple inc s cumulative twelve months revenue were 274 515 millions company would post below average annual revenue growth of 7 73 year on year if the fiscal year would end at sep 26 2020.