Apple’s Revenue Hits $396 Billion, Net Income $96 Billion in 2024

Apple’s Revenue Rises to $396 Billion in 2024, While Net Income Declines

In 2024, Apple’s revenue grew to $395.8 billion, a 2.6% increase year-over-year, while net income fell 4.7% to $96.2 billion. Since 2000, Apple has maintained a compound annual growth rate (CAGR) of 18.6% in revenue and 25.6% in net income. However, both revenue and net income have largely plateaued around $387 billion and $98 billion since 2021.