Asalamu Walikum @saad ,
I noticed that Zoya is saying that AAPL interest income is 0. I think it may be a mistake so I looked into the SEC filings and I could not find any interest income amounts. Any advice on how to proceed?
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Apple hasn’t reported interest income or interest expense since 2021. Their financials are listed in the millions so a 1 means 1 million and 1,000 means 1 billion.
So Apple has had less than $1 million dollars in interest income and interest expense. Their revenue is roughly 400 billion so we’re talking about 0.0000025.
You would need to have $400,000 invested in Apple to equal $1 of interest income and $4,000 to equal 1 penny of interest income.
Given the smallness of the numbers I personally wouldn’t worry about it until my interest revenue share is at least a $1
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Gotcha. Thanks for the update. I think they stopped reporting their interest income since 2023. I found the numbers based on the 10k SEC filing.
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Apple stopped reporting interest income as a separate line item and instead bundles it under a segment called “Other income.” For purification purposes, we’re working on surfacing a reasonable estimate based on their cash/securities holdings and market yields. It’s not live yet, but will be soon, insha’Allah.
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Thank you for the update brother.
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