AAPL Gross and Net Margins over the years

Apple's gross profit margin for the quarter ending in Q1 2024 was 45.88%, while the net profit margin was 28.36%. These figures indicate that Apple is generating a significant profit after accounting for the cost of goods sold. Looking at the trend of these margins over the years, we can see that Apple has consistently maintained strong margins, which suggests that the company has a successful business model and is effectively managing its costs.