| Stage | AAPL | % of rev | GOOG | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $114B | 100.00% | $128B | 100.00% | GOOG ×1.11 |
| Gross profit | $54.8B | 47.89% | $76.2B | 59.70% | GOOG +11.8pp |
| Operating income | $35.6B | 31.13% | $40.6B | 31.81% | GOOG +0.7pp |
| Pre-tax income | $36.1B | 31.57% | $32.4B | 25.36% | AAPL +6.2pp |
| Net income | $30.7B | 26.83% | $26.5B | 20.75% | AAPL +6.1pp |
| Stage | AAPL | GOOG | Gap · A − B |
|---|---|---|---|
| Revenue | $114B100.00% | $128B100.00% | GOOG ×1.11 |
| Gross profit | 47.89%$54.8B | 59.70%$76.2B | GOOG +11.8pp |
| Operating income | 31.13%$35.6B | 31.81%$40.6B | GOOG +0.7pp |
| Pre-tax income | 31.57%$36.1B | 25.36%$32.4B | AAPL +6.2pp |
| Net income |
| 26.83%$30.7B |
| 20.75%$26.5B |
| AAPL +6.1pp |
No disclosed counterparties: GOOG.
None