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How much margin does Apple give retailers?
On average, when selling Apple products as a reseller, the margins are 8\%. Some products had margins as high as 40\% (AppleCare Protection Plan) and some were much lower to the point where a sale was losing money. Resellers that match Apple’s education discount lose money on every sale.
What are the margins on Apple products?
Apple’s 38\% gross margin was about as certain as death and taxes. Until recently. In its quarterly earnings report on Wednesday, Apple said that its gross margin — the percentage of revenue left after accounting for the cost of goods sold — jumped to 42.5\%. In the prior period, the figure was 40\%.
What is a good gross profit margin for retail?
What is a good gross profit margin? A good gross profit margin for online retail is around 45.25\%, according to NYU Stern School of Business. To reach a higher gross profit margin, you’ll need to develop a pricing strategy for your business.
How much do Apple retailers make?
Apple Retail Store Salary
| Annual Salary | Weekly Pay | |
|---|---|---|
| Top Earners | $57,500 | $1,105 |
| 75th Percentile | $46,000 | $884 |
| Average | $38,716 | $744 |
| 25th Percentile | $25,500 | $490 |
Are Apple retail stores profitable?
Narrator: Apple stores were the most profitable retail stores per square foot in 2017, beating out brands like Tiffany and Lululemon.
What is Apple’s most profitable product?
iPhones
iPhones are Apple’s biggest source of revenue by product, and the Americas is the largest revenue generator among its geographic regions. Apple’s services business generates the highest gross margins.
What is the average gross margin?
You may be asking yourself, “what is a good profit margin?” A good margin will vary considerably by industry, but as a general rule of thumb, a 10\% net profit margin is considered average, a 20\% margin is considered high (or “good”), and a 5\% margin is low.
What is Apple’s sales per square foot?
In 2017, Apple made $5,546 in sales per square foot. By that metric, the company far surpassed every other retailer in the entire world.
How to calculate gross profit margin?
Gross margin formula. The formula for gross margin percentage is as follows: gross_margin = 100*profit/revenue (when expressed as a percentage).
What is Apple profit margin?
Gross Margin is the contribution of each phone to Apple’s profit; Profit Margin is profit per phone after an allocation of all other fixed & variable costs. This is why User is correct in saying ~65\% (gross margin) and Angad Katdare is also correct in saying ~37-39\% (profit margin).
What is a good profit margin?
What is a Good Profit Margin? General Rule. ” A general “rule of thumb” approach or an industry specific approach. Good Margins. “My business has really good margins (50-70\%) because it’s a special service,” she writes in an email. Break Down. There are some other encouraging profit margin numbers once you break down the retail industry. Conventional Box.
What is the profit margin of an iPhone 6?
The iPhone 6 costs Apple between $US200 and $US247 to build, giving the company a profit margin of 69 per cent for the entry-level model sold in the US, according to a teardown analysis. iPhone 6 sold 10 million units in a weekend.