Apple's gross margin reached a record 50.1% in the latest quarter, but net cash remains negative at $19,948 million.
Apple Inc. sells smartphones, personal computers, tablets, wearables, and digital services to consumers and enterprises worldwide. Over the last year, the company generated $466,823 million in revenue and $128,930 million in net income. Strengths: Gross margin expanded from 42.2% in the first quarter of our window to 50.1% in the latest quarter, and Americas revenue grew to $103,622 million in the