Key insights
7 takeaways · ~3 min read- 01Apple's net income for the six months ended March 29, 2025, was $61.11 billion, an increase from $57.552 billion for the same period in 2024.
- 02Cash generated by operating activities decreased to $53.887 billion for the six months ended March 29, 2025, from $62.585 billion in the prior year period.
- 03Cash generated by investing activities significantly increased to $12.709 billion for the six months ended March 29, 2025, compared to $1.617 billion for the same period in 2024.
- 04Apple's commercial paper outstanding decreased from $10.0 billion as of September 28, 2024, to $6.0 billion as of March 29, 2025.
- 05The company's total inventories decreased from $7.286 billion as of September 28, 2024, to $6.269 billion as of March 29, 2025.
- 06Greater China net sales decreased during the first six months of 2025 due to lower iPhone sales, while Europe and Japan saw increased net sales, primarily from Services and iPhone.
- 07The effective tax rate for the second quarter of 2025 was 15.5%, lower than the statutory federal income tax rate of 21%, primarily due to a lower effective tax rate on foreign earnings.
Summary
SEC 10-Q filing for Apple, filed 2025-05-02.
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