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Analyze the financial statements of Apple Inc. for the fiscal year ending September 30, 2023. The company reported a net income of $80 billion, an
Analyze the financial statements of Apple Inc. for the fiscal year ending September 30, 2023. The company reported a net income of $80 billion, an increase of 15% compared to the previous year. Revenue reached $350 billion, with a gross profit margin of 40%. Operating expenses amounted to $50 billion, while the company invested $10 billion in research and development. Discuss the company's profitability, efficiency, and investment in innovation based on these financial figures.
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