A plain-English look at Apple's revenue, profit, and market value based on FY2025 filings and current market data.
From a garage in Cupertino in 1976 to a company now valued at $4.5T, Apple Inc.'s trajectory is one of the defining business stories of the modern era. Today it stands as the anchor of the Computer Hardware industry, still built around the iPhone but stretched across software, services, and a sprawling ecosystem of devices.
What Apple Actually Sells
Apple's description on file is straightforward: the iPhone drives the majority of sales, while the Mac, iPad, and Watch are designed around it as the center of an expansive software ecosystem. The company has steadily layered on new businesses — streaming video, subscription bundles, augmented reality — to extend that ecosystem beyond hardware alone.
Designed In-House, Built by Partners
Apple designs its own software and semiconductors, but relies on subcontractors like Foxconn and TSMC to actually manufacture its products and chips. That split — design at home, manufacturing abroad through partners — has become a defining feature of how the company operates at global scale.
The Size of the Business
In fiscal year 2025, Apple generated $416.2B in revenue. That figure alone places it among a small handful of companies operating at that scale anywhere in the world. Revenue grew 14% between fiscal 2021 and fiscal 2025, a pace that reflects steady expansion rather than explosive growth, given how large the base already was.
Profitability in Plain Terms
Apple turned that revenue into $112.0B in net income for the year — meaning more than a quarter of every dollar in sales ultimately became profit. The company's gross margin sits at 46.9%, and its net margin is 26.9%. Put simply, Apple keeps nearly half of each sales dollar after production costs, and still keeps more than a quarter after all other expenses, taxes, and costs are accounted for.
What's on the Balance Sheet
Apple reports total assets of $359.2B. That figure, combined with its income and margins, paints a picture of a company with substantial resources to support its operations, research, and ongoing product development.
How the Market Values Apple
Apple's market capitalization stands at $4.5T, making it one of the most valuable publicly traded companies anywhere. Shares recently traded at $313.39, and the stock has been trading near its 52-week high. The company carries a price-to-earnings ratio of 42.0, a figure that reflects how the market is currently pricing Apple's earnings relative to its share price.
A Modest Dividend
Apple also pays a dividend, though a modest one — the yield sits at about 0.34% annually. For a company of this size, the dividend is a small piece of the overall financial picture compared with its scale of profit and market value.
Public Since 1980
Apple has been publicly traded since its IPO in December 1980, trading on the NASDAQ under the ticker AAPL. Nearly 166,000 employees now work across the company, supporting a business that spans hardware design, software development, and an ecosystem of services built around it.
The Bottom Line on Scale
Taken together, the numbers describe a company operating at a scale most businesses never approach: hundreds of billions in annual revenue, over a hundred billion in annual profit, and a market valuation in the trillions. This is factual reporting drawn from public filings and market data, not investment advice.
