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being able to understand and analyze a companys income statement is one of the most foundational pieces of being a great investor if you want to invest successfully this is one of the most important skills in helping you make money by investing in this video were going to go over how to read and analyze a companys income statement using apple as an example this video will be helpful for you whether you are just starting out with investing or if youve been investing for years im going to draw upon my experience working at a large investment firm to help you better understand the material and more importantly how you can apply it to your own investing process now lets get into the video so before we jump into the explanation and the analysis lets first understand what exactly an income statement is and why companies have them an income statement is one of the three important financial statement used for reporting a companys financial performance over a specific period of time wit