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Apple AAPL Products — Cost of Sales

Other product segments

Services
$7.22B+11.8%

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Other financials

Income statement

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Revenue$109.42B+16.4%
Gross profit$54.8B+25.3%
Operating income$35.7B+26.6%
Net income$29.8B+27.1%
EPS (diluted)$2.02+28.7%

Balance sheet

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Cash & equivalents$39.5B+9.0%
Total debt$82.3B-10.3%
Total equity$107.52B+63.3%
Total assets$383.27B+15.6%

Cash flow

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Operating cash flow$34.4B+23.3%
CapEx$2.5B-29.1%
Free cash flow$31.9B+30.8%

Valuation

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Market cap$4.54T+43.4%
Enterprise value$4.58T+42.3%
P/E35.2×+3.3×
P/S9.7×+2.0×

Profitability

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Gross margin48.7%+2.0pp
Operating margin33.2%+1.3pp
Net margin27.6%+3.3pp
FCF margin29.3%+5.7pp

Returns & leverage

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Return on equity148.8%-1.1pp
Debt / equity0.8×-0.6×
Current ratio+0.1×

Where this comes from

Reported directly by Apple in its filing.

Tagged under the XBRL concept us-gaap:CostOfGoodsAndServicesSold.

The source filing: Apple’s 10-Q, filed May 1, 2026.

Filed
May 1, 2026, 6:01 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q1 2026
Accession
0000320193-26-000013
Line itemThree Months Ended / March 28,2026Three Months Ended / March 29,2025Six Months Ended / March 28,2026Six Months Ended / March 29,2025
Services30,97626,64560,98952,985
Total net sales111,18495,359254,940219,659
Cost of sales:
Products49,17944,030116,657103,477
Services7,2246,46214,27113,040
Total cost of sales56,40350,492130,928116,517
Gross margin54,78144,867124,012103,142
Operating expenses:

Item 1. Financial Statements

FAQ

What is Apple's products — cost of sales?
Apple (AAPL) reported products — cost of sales of $49.18B in Q1 2026.
How has Apple's products — cost of sales changed year-over-year?
Apple's products — cost of sales increased by 11.7% year-over-year, from $44.03B to $49.18B.
What is the long-term trend for Apple's products — cost of sales?
Over 4 years (2021 to 2025), Apple's products — cost of sales has grown at a 0.2% compound annual growth rate (CAGR), from $192.27B to $194.12B.
What does products — cost of sales mean?
This metric tracks the direct costs associated with the manufacturing and distribution of physical hardware products. It includes expenses for raw materials, component procurement, labor, freight, and manufacturing overhead, as well as inventory write-downs. Analyzing this cost in relation to sales reveals the production efficiency and supply chain management effectiveness for the hardware division.

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