Apple’s total revenue amounted to around *** billion U.S. dollars in their 2024 financial year, a decrease from the historical record of ****** billion U.S. dollars in financial year 2022. Apple’s annual revenue quadrupled in the last ten years. The fiscal year end of the company is September, 30th. Apple’s dramatic growth Constant waves of innovative products underly Apple’s drastic growth over the years: the Mac computer, iPhone, iPad, and Apple Watch are all revolutionary products that started their own dynasties and enjoy immense commercial success. Apple’s stock tells an even more impressive story: over the last decade, Apple’s share price has grown more than tenfold and prompted it to become the first trillion-dollar company in terms of market capitalization. As of 2024, Apple is the most valuable brand worldwide. Apple store: a unique invention Huge glass panes, minimalistic design – these are the signature characteristics Apple stores are known for. Opened in the early 2000s, the Apple store contributes yet again to Apple’s success story: it was the fastest retailer worldwide to surpass the one-billion-U.S. dollar annual sales trademark and showcases Apple’s diverse products in hundreds of locations around the globe now. Apple’s home market the United States has the highest concentration of these stores – there are ** Apple stores in California alone when looking at the number of Apple stores by state .

Apple reported net income of 93.74 billion U.S. dollars in its 2024 fiscal year, down from the highest net income to date in 2022. Apple’s global revenue amounted to 391 billion U.S. dollars in that same year. Founded in 1976 in California by Steve Jobs, Steve Wozniak and Ronald Wayne, Apple has over the years developed into one of the most valuable brands worldwide. The fiscal year end of the company is September, 30th. Apple’s products The product that contributed most to Apple’s success is the iPhone, which brought in 52 billion U.S. dollars sales revenue in the first quarter of 2019 alone. Revenues generated from iPhone sales consistently make up around 50 percent of Apple’s overall revenue in recent years. Other major Apple products include consumer electronic devices such as the Mac computers, iPad, Apple Watch and the smart speaker HomePod. Apple’s service products, such as the iTunes Store and iCloud, are becoming a greater part of the company’s business and provides new sources of revenue stream.

Apple’s iPhone sales accounted for around ** percent of the company’s overall revenue in the first quarter of fiscal year 2025, the largest share of all Apple products. Over the years, services as well as wearables, home and accessories have made a growing contribution to Apple’s net sales. Apple’s revenue growth amid the pandemic In the first quarter of financial year 2025, Apple’s global revenue reached around *** billion U.S. dollars. The Americas are Apple’s largest regional market and contributed to around ** percent of the firm’s sales in that quarter. Who are Apple’s competitors? Having a broad family of products, Apple competes with different companies in different markets. Samsung is Apple’s largest adversaries in the global smartphone market, where the company had a share of almost ** percent in the second quarter of 2024. Similarly, Apple has a solid position in the PC market without a leading advantage. The situation is reversed in the tablet market and the smartwatch market, where Apple has remained the leader since the early days, staying ahead of Samsung, Huawei, Amazon, etc.

Apple is one of the most influential and recognisable brands in the world, responsible for the rise of the smartphone with the iPhone. Valued at over $2 trillion in 2021, it is also the most valuable...

For the first quarter of their 2025 fiscal year, Apple reported a revenue of ***** billion U.S. dollars. Apple revenue - additional information Apple Computer, Inc. was renamed Apple Inc. in 2007, in order to reflect the brand’s extension into other segments of the consumer electronics market. The company, founded in 1976, went on to grow from a two-man operation to a worldwide record-breaking phenomenon. In its 2023 financial year, Apple reported 383 billion U.S. dollars in revenues, compared to ***** billion U.S. dollars in 2004. Since the 2001 launch of the iPod in 2001, Apple has invested billions in research and development of new products, in order to answer ever changing consumer needs. Apple’s most profitable division is its hardware segment, which includes products such as the Macintosh computer series, the iPod, the iPhone, the iPad, or Apple TV. Additionally, Apple offers consumers a number of software products, such as the OS X and iOS operating systems and web-based services, such as the Mac App Store and the iOS App Store, iTunes Store, iBooks, or iCloud. Apple's iPhone is its most successful product Released in 2007 and already in its ****** generation in 2014, the iPhone is Apple’s most successful product, with over *** billion units sold since its launch. It is credited with almost single-handedly making Apple one of the most valuable brands in the world. The iPhone also has a very strong brand retention, surpassing all other smartphone brands. In the United States and in the United Kingdom, Apple's iOS operating system occupied **** or more of both markets in 2024.

In the first quarter of fiscal year 2025, Apple reported a net income of around 36.33 billion U.S. dollars. Apple’s net income figures have grown massively in the past decade, with the yearly total rising from just over six billion dollars in 2008 to around 94 billion in 2024. Apple Inc. Apple holds the title of world’s most valuable brand and is the first public company to reach the one trillion U.S. dollars milestone in market capitalization. Since its famous beginning in a garage in California, the company has grown into a tech industry giant, bringing in hundreds of billions of dollars in revenue each year and revolutionizing the tech industry time and time again with its various consumer electronic devices. Product line Some of the company’s famous products include the iPhone, MacBook, iPod and the relative newcomer Apple Watch. In addition to consumer electronics, the company develops a variety of software packages and apps, as well as its own series of operating systems which support its devices. More recently, Apple has increased the scope of its offerings even further to provide consumers with cloud storage and a mobile payment platform.

In the first quarter of 2025, Apple generated a total of ***** billion U.S. dollars in services revenue. These services include iTunes, the company’s online entertainment library, as well as software, digital content, AppleCare, Apple Pay, and licensing. Overall, Apple’s services segment has shown strong growth over the last few years, passing the mark of *** billion U.S. dollars in revenue in a quarter for the first time in 2018. Apple's services segment now only trails the revenue generated by its largest segment, the iPhone, which brings in **** of billions of U.S. dollars each quarter. Apple Inc. Since its famous beginning in a garage in California, Apple has grown into a giant of the technology industry, becoming one of the most valuable companies in the world. Every year, it brings in ******** of billions of U.S. dollars and revolutionize the industry time and time again with its various consumer electronic devices. Some of the company’s most famous products include the Apple I, MacBook, iPod, Apple Watch, and the iPhone. In order to continue to innovate and improve its product offerings, Apple allocates over *** billion U.S. dollars per year towards its research and development budget. This massive R&D budget not only helps from a hardware perspective, but also assists in the development of more digital solutions to everyday needs such as iCloud and Apple Pay.

Apple reported $1.57 in EPS Earnings Per Share for its fiscal quarter ending in June of 2025. Data for Apple | AAPL - EPS Earnings Per Share including historical, tables and charts were last updated by Trading Economics this last September in 2025.

The Americas are Apple’s largest regional market, bringing in net sales of ***** billion U.S. dollars in the first quarter of the company’s 2025 fiscal year. Europe and Greater China are two other major markets for Apple. U.S.: Apple’s biggest market The high revenue generated from the Americas is largely due to Apple’s strong performance in their home market, the United States. Apple has the largest market share among smartphone vendors in the U.S. by a large margin. Although international sales have a growing share of Apple’s total revenue, the U.S. still counts for around ** percent of Apple’s net sales. The U.S. also has the highest concentration of Apple stores, which is Apple’s own chain of retail stores that showcase and sell Apple’s various products including the iPhone, iPad, Apple Watch, among others. iPhone: Apple’s most profitable product The iPhone, initially released in 2007, became Apple’s most successful product: The share of iPhone sales consistently amount to more than ** percent of Apple’s overall share of sales. The early generations of iPhone revolutionized the mobile phone industry and popularized the use of smartphones. Now in the **** generation, the new iPhone ** Pro and ** Pro Max continue to contribute to the success of Apple’s signature product, helping push for year-on-year iPhone sales growth despite the economic recession we are experiencing.

In the first quarter of its 2025 fiscal year, Apple generated around ** billion U.S. dollars in revenue from the sales of iPhones. Apple iPhone revenue The Apple iPhone is one of the biggest success stories in the smartphone industry. Since its introduction to the market in 2007, Apple has sold more than *** billion units worldwide. As of the third quarter of 2024, the Apple iPhone’s market share of new smartphone sales was over ** percent. Much of its accomplishments can be attributed to Apple’s ability to keep the product competitive throughout the years, with new releases and updates. Apple iPhone growth The iPhone has shown to be a crucial product for Apple, considering that the iPhone’s share of the company’s total revenue has consistently grown over the years. In the first quarter of 2009, the iPhone sales were responsible for about ********* of Apple’s revenue. In the third quarter of FY 2024, this figure reached a high of roughly ** percent, equating to less than ** billion U.S. dollars in that quarter. In terms of units sold, Apple went from around **** million units in 2010 to about *** million in 2023, but registered a peak in the fourth quarter of 2020 with more than ** million iPhones sold worldwide.

Apple stock price, live market quote, shares value, historical data, intraday chart, earnings per share and news.

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Every year, the world holds its breath for Apple’s latest earnings report, and for good reason. Apple isn't just a company; it's a cultural benchmark for innovation and consumer trends. Picture this: a teenager in California unboxes the latest iPhone while, halfway across the globe, an entrepreneur in India makes...

In the fiscal year 2024, Alphabet's revenue was ****** billion U.S. dollars. Comparatively, in the fiscal year of 2024, hardware-focused Apple's revenue stood at ****** billion U.S. dollars. Microsoft's revenue was *** billion U.S. dollars. Whereas all of these companies have different market strengths, there are also overlaps and thus, competition. Apple and Google are direct competitors in the mobile phone market with their iOS and Android systems.

Description Accel Entertainment Accel Entertainment (ACEL) is an operator of Video Gaming Terminals for third party establishments. It buys VGTs from manufacturers, then rents them out to bars, restaurants, alcohol serving joints and manages the machines to earn money from gamblers. The income earned from VGTs are split amongst (a) the joints that host the VGTs, (b) the local or state government taking a cut out of the machines’ gambling earnings, and (c) Accel Entertainment, as the operator/owner of the VGTs. ACEL is profitable, growing top line 20%+ CAGR over a decade, with stable margin and high cash flow. Earnings should grow at mid-single digits going forward, but it’s trading at 10x PE. ACEL is also cheap compared to comps. Apple CAPM Apple Forward P/E Apple Gross Margin Apple Net Margin Apple ROE Return on Equity Apple ROA Return on Asset Apple Graham Number Apple Current Ratio Video Gaming Terminals (VGTs) are arcade machines running gambling games, such as slots or card games. Unlike the gambling machines specifically domiciled in casinos, VGTs are specifically installed in non-casinos settings, such as restaurants, clubhouses, bars, truck stops, and other alcohol licensed establishments. VGTs are income producing assets. They generate Net Terminal Income (NTI) which is the money from what people put into play minus what the VGTs payout for win. Categorically, Net Terminal Income earned from VGTs are split amongst 3 parties, (i) Licensed Establishments - this is the place wherein the VGT is placed, such as bars, restaurants, parlors; (ii) Terminal Operator - this is the company that owns and manages the VGTs. Accel is a terminal operator; (iii) State and local Government - they receive a cut as taxes; the money appropriated can be used for any number of purposes. (iv) a negligible portion of NTI (like 1%) is paid the vendor of central communication system installed on the VGT. For instance, in Illinois, 1% of NTI is paid to Scientific Games. Currently, only ~10 US states have legalized VGTs, but just like iGaming (online gambling), the trend US wide is slow but steady marching of adoption by more states. This development is positive for VGT operators. ACEL operates VGTs in a handful of states. Topline growth comes from operating more machines. ACEL has grown from organically and via acquisition. Below are the key states for ACEL State VGTs in the State Economics Comments Illinois 8,630 locations48,600 machines Annual earning averages $104k per machine. Splits:VGT operator 32.5%, govnmt 34%, location owner 32.5% IL has the most VGT nationally. 6 VGTs allowed per location. 10 per truck stop. Number of location in the state continues to grow, at LSD. Total number of VGTs in the state grows at MSD. Montana 1,400 locations16,000 machines Annual earnings averages $106k per machines. SplitsVGT operator 42.5%; govnmt 15%; location owner 42.5% In January 2025, a bill was introduced to raise video gaming wager limit from $2 to $4. Nebraska 1,600 locations5,900 machines Annual earnings averages $67k per machine. Splits:VGT operator 40%+; govnmt 5%; location owner 35% Since legalization in 2020, the state saw 60% growth over the past several years. Based on momentum, strong growth should continue. Nevada 170,000+ machines Economics are undisclosed, but are negotiated amongst parties. VGT operator often get 32%+ of the split. Slot machines are allowed outside of casinos. Establishments can have 15 machines. Highly competitive market given abundant gambling competition in the state. Louisiana 1,500 locations12,000 machines Annual earnings $50-100k depending on location.Splits: 26% gvmnt; 37% VGT operator; 37% location the market been around for 30 years. VGTs installed at bars and truck stops. Both fragmented. In bars, the machines used are legacy equipment 20+ years old. Investment Thesis Straightforward, desirable per machine economics. By my research, VGT operators like Accel buy these ready-to-deploy VGTs from manufacturers at cost averaging $20-30k per machine. Once deployed, average machine typically generate $100k+ per year. Terminal operator gets a 30-40% cut out of this figure, so payback is 1 year. Return on capital is evidently quite attractive. There are other miscellaneous fees that I’ve not accounted for, but nothing meaningfully dampens the quite attractive economics. Amazon CAPM Amazon Forward P/E Amazon Gross Margin Amazon Net Margin Amazon ROE Return on Equity Amazon ROA Return on Asset Amazon Graham Number Amazon Current Ratio Growth of VGT industry. Historical trend has demonstrated that VGTs are popular with businesses and government because they generate good revenue, but as of 2025, only 10 US states have legalized VGTs. They are Illinois, Indiana, Iowa, Louisiana, Montana, Missouri, Tennessee, Oklahoma, South Dakota, and Texas. In each of the state where VGT is legal, adoption has been strong. Each year, more establishments like bars or restaurants are licensed for VGT. In Nebraska for instance, since legalization in 2020, VGT in the state has blossomed by 60%. Businesses are finding this passive asset to be a good additional source of income. Government are supporting the endeavor because they get a cut of the profit, which contributes to many government’s perennially underfunded status. Americans also loves to gamble, and demand for VGTs shows no signs of saturation. Bear in mind that in all states, there is a per bet wager limit, of $2-5. No high stakes here, just people playing with chump changes. Yet VGT is already generating prodigious cash flow. On the back of (a) more VGTs adoption in each state where it’s legal + (b) VGTs conceivably legalized in other states + (c) upping the wager limit (which states have a proclivity to do over time), there is a robustly growing TAM for ACEL. IMO: industry revenue growth of HSD for a decade is realistic. ACEL is a market leader with scale. Like in other businesses, scale often begets scale. This business is ultimately commoditized. VGT operators all acquire the same variations of machines from a dozen or so manufacturers. Differentiations for operators stem from customer service, operating proficiency (including what games to offer and replacement of older machines, etc), and sales. ACEL is the largest operator in Illinois with 1/3 of market share. In Montana, and Nebraska, it is also growing. ACEL can leverage its scale and reputation to offer better pricing and is more accessible to establishments who wants to partner with a VGT operator. Lastly, still with lots of smaller players, the VGT operators landscape is ripe for further consolidate. Public peers like ACEL generally trades at premium valuation to private targets, so ACEL stands to gain from absorbing smaller operators accretively, as it demonstrably has in the past. ACEL margin stable; revenue should CAGR MSD to HSD. The VGT industry is still largely fragmented and players appetite for VGT as alluded to earlier has not saturated. Management has reiterated repeatedly intention to achieve long term growth of LSD topline; MSD EBITDA growth; and HSD FCF assuming normalized capex. In the current environment, ACEL should be able to achieve MSD to HSD topline growth from the combination of (a) location growth + (b) VGT growth per location + (c) revenue growth per machine. This modest growth assumption is well supported by ACEL’s historical operating results. I see 3-5% top line growth for meaningful number of years to come. The margin should incrementally improve also because operator’s split of gaming machine income is stable in each state and contracts are conventionally almost a decade long. With variable cost predictably static, ACEL’s overhead of personnel costs should be distributed over larger base of operation and revenue base as ACEL grows, so overall margin should be improve as the business growth. Call option via accretive M&A. The VGT industry is still mostly fragmented, with many small private operators valued at low EBITDA multiples. This means ACEL can continue to execute a opportunistic M&A strategy of multiples arbitrage. This not only enables ACEL to deepen footprint in existing states, but also affords possibility to penetrate new states. And market generally responds to ACEL M&A positively. Casino buildout in Illinois. Press ACEL is expanding to beyond just gaming machines to casinos and horse racing. In 2024, ACEL bought Fairmount Holdings for $35 million in stock. The deal gets for ACEL the only active racetrack in Illinois, with 65 race days and ~435 horse races annually. The facility generated $29 million 2023 revenue and modest Adj. EBITDA, but ACEL will invest $85-95 million over the next 2 years to build a Phase I temporary casino site and then a Phase II permanent casino site. The Phase I temp casino is expected to launch Q2 2025, with 255 machines. The Phase II permanent casino is expected to roll out by by YE2027, with 600+ slot machines + 24 table games. Once complete, the site expects to generate $25 million of Adj. EBITDA and 75% FCF, making the entire asset a 16% IRR project. The deal received comments from the city major and Illinois government people, all signs of ACEL’s blessing from local community. Valuation ACEL is currently trade at ~11x owner’s earnings. With MSD earnings growth, it should trade at least 15x earnings. Risks (What could go wrong) Execution delays in casino buildout. The Phase I and Phase II build out of the Fairmount acquisition could be delayed for a variety of operational reasons. Any delays or project cost overrun during the buildout would impair profitability and impinge on the ACEL prospects and stock price. Gambling is a highly discretionary spend. Amidst an already turbulent 2025 ensnared by chaotic tariff threats and looming economic slowdown, gambling arcade machines would be the type of venues highly vulnerable to spending pullback. However, the magnitude of a deterioration

In the first quarter of Apple's 2025 fiscal year, sales of Apple Mac computers generated around * billion U.S. dollars in revenue, up from *** billion U.S. dollars of the same quarter in the previous year. PCs were the first electronic devices developed by the company, and today the Mac lineup includes the MacBook Air, Pro, iMac, Mac mini, and Mac Pro.

Apple reported $279M in Interest Expense on Debt for its fiscal quarter ending in March of 2025. Data for Apple | AAPL - Interest Expense On Debt including historical, tables and charts were last updated by Trading Economics this last August in 2025.

iPhone sales made up approximately **** percent of Apple’s total revenue in the first quarter of the company’s fiscal year 2025. iPhone sales usually contribute to **** or more than **** of Apple’s overall sales revenue. Apple’s other businesses such as the Apple Watch and the iTunes Store have been bringing in growing shares of revenues, from around **** percent in 2017 to a combined almost ** percent in the first quarter of FY 2025. Apple is the second largest smartphone vendor As Apple’s most successful product, the iPhone is one of the most heavyweight players in the smartphone market, with dozens of millions of iPhones being shipped every quarter. Indeed, when it comes to smartphone vendor share, Apple is the second largest smartphone vendor in the world, after Samsung. iPhone runs the iOS system, which is Apple’s inhouse operating system. Most other products on the market run the Android system developed by Google. iOS occupies around a ******* of the overall mobile operating system market, Android the rest. The differences between iOS and Android iOS is a closed system while Android is more open, which means that users can better customize their phones using the Android system. Because of its open nature, Android is also an easier target for hackers, whereas iOS is considered safer as Apple does not release its source code to developers and users. Both operating systems get regularly updated – Android 13 is Android’s 13th major release, and iOS 17 is the 17th major iOS release. Due to the great many models of Android phone devices, the Android versions are more fragmented than iOS, with older versions like Marshmallow and Lollipop still running on a big number of devices, whereas iOS **, released in 2023, runs on around ** percent of all Apple devices when looking at iOS version share.