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Apple Inc. reported the following financial data for the fiscal year ending September 25, 2023: Total Revenue: $365.7 billion Cost of Goods Sold: $222.6 billion
Apple Inc. reported the following financial data for the fiscal year ending September 25, 2023: Total Revenue: $365.7 billion Cost of Goods Sold: $222.6 billion Operating Expenses: $38.4 billion Net Income: $94.9 billion
Analyze the financial performance of Apple Inc. by calculating its gross profit margin, operating profit margin, and net profit margin. Interpret these margins and discuss their implications for the company's profitability and operational efficiency.
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