What's the difference here? How can GAAP profit and net income be nearly a billion dollars in difference? I thought GAAP was standard accounting? What kind of operational losses are not included in GAAP
You left out the word "gross" but that word is important here. GAAP gross profit doesn't include operational cost, only product production cost. That's why it's gross and not net.
The distinguishing term here is not GAAP, it's gross vs. net profit. Both of which can be calculated under GAAP.