

Apple Inc.'s major business can be analyzed by considering its revenue streams and profit margins. In 2023, the company's gross profit amounted to $3.83 billion, with a net profit margin of 16.19%. The operating profit margin was 15.68%. These figures indicate that Apple has been able to generate significant profits from its operations.
To further understand the company's performance, we can look at the revenue by region breakdown. In 2023, Apple generated revenue from the following regions: Taiwan (China), Other Countries, United States, Mainland China, Hong Kong (China), and Macao (China). The revenue from Taiwan (China) amounted to $6.99 billion, followed by Other Countries ($5.91 billion), United States ($8.29 billion), Mainland China, Hong Kong (China), and Macao (China) ($5.79 billion).
Additionally, we can compare Apple's performance with other companies in the technology industry. For example, Nvidia, a competitor of Apple, generated revenue of $3.83 billion in 2023, with a net profit margin of 16.19% and an operating profit margin of 15.68%.
In terms of future growth opportunities, Apple is reportedly planning to launch its mixed-reality headset, Vision Pro.1 This headset is expected to be priced at $3,499 and will initially only be available in the US.2 The Vision Pro aims to target the sectors of surgery, aircraft repair, and education.1 By launching this product, Apple aims to capitalize on the growing demand for mixed-reality technology and expand its revenue streams.
In conclusion, Apple's major business involves the design and manufacture of electronic devices, including iPhones, iPads, Macs, and accessories. The company has been able to generate significant profits from its operations, with a strong revenue performance in various regions. Additionally, Apple is set to launch its Vision Pro headset, which has the potential to expand its revenue streams and target new markets.2
