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Earnings Insights (AAPL)
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Product Revenue Segmentation
Provide the revenue of each product line over the last four quarters
Run
Sept 2023
Dec 2023
Mar 2024
Jun 2024
Total net sales
$ 89,498
$ 119,575
$ 90,753
$ 85,777
iPhone
43,805
69,702
45,963
39,296
Services
22,314
23,117
23,867
24,213
Mac
7,614
7,780
7,451
7,009
iPad
6,443
7,023
5,559
7,162
Others
9,322
11,953
7,913
8,097
Realized Deferred Revenue
What is the total deferred revenue to be realized in less than a year?
Run
Apple Inc. expects 64% of total deferred revenue to be realized in less than a year. The total deferred revenue as of March 30, 2024 was $12.6 billion.[1] Therefore, the total deferred revenue that Apple expects to be realized in less than a year is approximately $8.064 billion (64% of $12.6 billion).
Source Document
10-Q Jun 2024 (AAPL)
10-Q Mar 2024 (AAPL)
10-Q Mar 2024 (AAPL)
10-Q Mar 2024 (AAPL)
Jun 2024
Mar 2024
Dec 2023
Sept 2023
Total net sales
iPhone sales
Mac sales
iPad sales
Wearables, Home and ...
Services
$ 85,777
$ 90,753
$ 119,575
$ 89,498
$ 39,296
$ 45,963
$ 69,702
$ 43,805
$ 7,009
$ 7,451
$ 7,780
$ 7,614
$ 7,162
$ 5,559
$ 7,023
$ 6,443
$ 8,097
$ 7,913
$ 11,953
$ 9,322
$ 24,213
$ 23,867
$ 23,117
$ 22,314
As of March 30, 2024 and September 30, 2023, the Company had total deferred
revenue of $12.6 billion and $12.1 billion, respectively. As of March 30, 2024, the
Company expects 64% of total deferred revenue to be realized in less than a year.

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The Company has lease arrangements for certain equipment and facilities, including corporate, data center, manufacturing and retail space. These leases typically have original terms not exceeding 10 years and generally contain multiyear renewal options, some of which are reasonably certain of exercise. Payments under the Company’s lease arrangements may be fixed or variable, and variable lease payments are primarily based on purchases of output of the underlying leased assets. Lease costs associated with fixed payments on the Company’s operating leases were $2.0 billion, $1.9 billion and $1.7 billion for 2023, 2022 and 2021, respectively. Lease costs associated with variable payments on the Company’s leases were $13.9 billion, $14.9 billion and $12.9 billion for 2023, 2022 and 2021, respectively.The Company made $1.9 billion, $1.8 billion and $1.4 billion of fixed cash payments related to operating leases in 2023, 2022 and 2021, respectively. Noncash activities involving right-of-use (“ROU”) assets obtained in exchange for lease liabilities were $2.1 billion, $2.8 billion and $3.3 billion for 2023, 2022 and 2021, respectively.
Apple Lease Payments
Fixed lease costs
Variable lease costs
Operating leases cash payments
ROU assets obtained
2020
$1.8B
$11.2B
$1.6B
$2.9B
2021
$1.7B
$12.9B
$1.4B
$3.3B
2022
$1.9B
$14.9B
$1.8B
$2.8B
2023
$2.0B
$13.9B
$1.9B
$2.1B

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