Apple Inc（AAPL）の決算・業績分析
Apple Incの2025年有価証券報告書をAI分析。売上高$416.2B(+6.4%)。営業利益$133.1B。Information Technology。
目次
Apple Incの2025年度 業績サマリー
Apple Inc（証券コード: AAPL）の2025年度決算・業績分析。売上高は$416.2B（前年比+6.4%）。営業利益は$133.1B（前年比+8.0%）。純利益は$112.0B（前年比+19.5%）。有価証券報告書を基に、業績変化の要因・リスク・見通し・セグメント構成を AI が分析しました。
Apple Incの2024年度 注目ポイント
※ 直近の2025年度XBRLデータは取込済みですが、AI分析は2024年度の10-Kを対象としています。
- Apple Inc. achieved $394.3B in revenue for FY2024, reflecting a 7.8% YoY increase (XBRL).
- Operating income surged to $119.4B (+9.6% YoY), driven by strong performance across hardware and services (10-K).
- Net income reached $99.8B (+5.4% YoY), supported by robust profitability and efficient cost management (XBRL).
- A negative cash conversion cycle of -65 days highlights exceptional working capital efficiency (XBRL).
- ROE of 158.2% underscores the company's ability to generate returns for shareholders despite high leverage (XBRL).
Apple Incの売上高変化の要因
- •Total revenue for FY2024 was $394.3B, up 7.8% YoY (XBRL). While segment-specific revenue figures for FY2024 are not explicitly provided in the XBRL data or 10-K, historical trends suggest growth was driven by iPhone and Services segments (10-K). The 5-year CAGR for revenue is 7.6%, reflecting sustained demand for Apple's products and services (XBRL).
Apple Incの営業利益変化の要因
- •Gross profit amounted to $170.8B with a gross margin of 43.3% (XBRL). Operating income rose to $119.4B (+9.6% YoY), with an operating margin of 30.3% (XBRL). Net income reached $99.8B (+5.4% YoY), translating to a net margin of 25.3% (XBRL). Cost of sales changes are not detailed in the XBRL data (XBRL).
Apple Incの事業リスクと対応
Macroeconomic risks: Global economic downturns, inflation, and currency fluctuations could reduce demand and disrupt supply chains (10-K).
Political/geopolitical risks: Trade disputes, tariffs, and geopolitical tensions may increase costs and limit supply chain flexibility (10-K).
Supply chain risks: Reliance on global suppliers exposes Apple to disruptions from natural disasters, labor issues, or trade restrictions (10-K).
Credit and liquidity risks: High debt levels ($95.3B long-term debt, $65.3B net debt) could strain financial flexibility during downturns (10-K).
Regulatory risks: Compliance with evolving international trade laws and data privacy regulations may increase operational complexity and costs (10-K).
Apple Incの今後の見通し・業績予想
Apple Incの事業内容
Apple Inc. designs, manufactures, and markets a wide range of hardware products, including iPhones, Macs, iPads, wearables (smartwatches, AirPods, Apple Vision Pro), and accessories, while also offering services such as AppleCare, cloud storage, digital content (App Store, Apple Music), and payment solutions (Apple Pay, Apple Card) (10-K). The company operates globally, with no significant customer concentration (10-K). Key competitive advantages include innovation in product design, integrated hardware-software ecosystems, strong brand loyalty, and robust intellectual property protections (10-K).
Apple IncのAI業績分析レポート（2024年度）
Highlights
Business Overview
Apple Inc. designs, manufactures, and markets hardware products (iPhones, Macs, iPads, wearables, accessories) and sells related services (AppleCare, cloud services, digital content, payment services) (10-K). The company operates globally with no significant customer concentration (10-K). Competitive advantages include innovation, integrated ecosystems, brand loyalty, and robust intellectual property (10-K).
Revenue Analysis
Total revenue for FY2024 was $394.3B, up 7.8% YoY (XBRL). While segment-specific revenue figures for FY2024 are not available, historical trends suggest growth was driven by iPhone and Services segments (10-K). The 5-year CAGR for revenue is 7.6% (XBRL).
Profitability Analysis
Gross profit was $170.8B with a gross margin of 43.3% (XBRL). Operating income rose to $119.4B (+9.6% YoY), with an operating margin of 30.3% (XBRL). Net income reached $99.8B (+5.4% YoY), translating to a net margin of 25.3% (XBRL). Cost of sales changes are not detailed in the XBRL data (XBRL).
Balance Sheet Analysis
Apple's equity ratio was 17.9%, with a D/E ratio of 4.60x (XBRL). Total equity declined from $134.0B in FY2020 to $63.1B in FY2024 (XBRL). Cash reserves stood at $30.0B, while long-term debt totaled $95.3B, resulting in net debt of $65.3B (0.5x EBITDA) (XBRL). The current ratio of 0.99x indicates a slight liquidity constraint (XBRL).
Cash Flow Analysis
Operating cash flow reached $122.2B, exceeding net income of $99.8B (XBRL). FCF was $111.4B, calculated as operating cash flow minus CapEx of $10.7B (XBRL). Shareholders received $104.2B in returns, comprising $14.8B in dividends and $89.4B in share repurchases (XBRL).
Working Capital Analysis
Apple's CCC was -65 days, reflecting efficient working capital management (XBRL). Receivables days were 27 days, inventory days were 10 days, and payables days were 102 days (XBRL).
Risks
Outlook
Management guidance and forward-looking trends are not explicitly detailed in the 10-K text. However, key trends expected to impact future results include macroeconomic conditions, tariffs, and segment performance (e.g., iPhone and Services growth) (10-K).
Historical Time Series
| Metric | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|
| Revenue | 265.6B | 260.2B | 274.5B | 365.8B | 394.3B | 383.3B |
| Operating Income | 70.9B | 63.9B | 66.3B | 108.9B | 119.4B | 114.3B |
| Net Income | 59.5B | 55.3B | 57.4B | 94.7B | 99.8B | 97.0B |
| Total Assets | 338.5B | 323.9B | 351.0B | 352.8B | 352.6B | 365.0B |
| Total Equity | 134.0B | 107.1B | 90.5B | 65.3B | 63.1B | 50.7B |
| Operating Cash Flow | 77.4B | 69.4B | 80.7B | 104.0B | 122.2B | 110.5B |
Information Technologyの企業一覧
Apple Incと同じ「Information Technology」セクターの企業