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"As of 2019, Apple posted over $55 billion in net profits. This represented a 21% net margins (Apple's revenues were over $260 billion in 2019). This makes Apple a profitable company. If we look at the gross margins, Apple products' gross margins percentage was 32.2%, compared to services gross margins percentage of 63.7%. The decline in net profits in 2019 compared to 2018 was primarily due to a slow down in iPhone sales, partly offset by a fast growth in sales of Wearables, Home, Accessories Devices."
<https://fourweekmba.com/apple-business-growth-2020/>