Apple Inventory Turnover Ratio 2010-2023 | AAPL
Current and historical inventory turnover ratio for Apple (AAPL) from 2010 to 2023. Inventory turnover ratio can be defined as a ratio showing how many times a company's inventory is sold and replaced over a period. Apple inventory turnover ratio for the three months ending December 31, 2023 was 9.94.
| Apple Inventory Turnover Ratio Historical Data |
| Date |
|
|
|
| Sector |
Industry |
Market Cap |
Revenue |
| Computer and Technology |
Computers - Minicomputers |
$2579.412B |
$383.285B |
|
Apple's business primarily runs around its flagship iPhone. However, the Services portfolio that includes cloud services, App store, Apple Music, AppleCare, Apple Pay & licensing and other services which become the cash cow. Moreover, non-iPhone devices like Apple Watch and AirPod have gained significant traction. In fact, Apple dominates the Wearables and Hearables markets due to the growing adoption of Watch and AirPods. Solid uptake of Apple Watch also helps Apple to strengthen its presence in the personal health monitoring space. Apple also designs, manufactures and sells iPad, MacBookand HomePod. These devices are powered by software applications including iOS, macOS, watchOS and tvOS operating systems. Apple's other services include subscription-based Apple News, Apple Card, Apple Arcade, new Apple TV app, Apple TV channels and Apple TV, a new subscription service.
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