Products → Revenue: $96BiPhone → Products: $70BRevenue → Cost of revenue: $65BCost of revenue → Product costs: $58BRevenue → Gross profit: $55BGross profit → Operating profit: $40BOperating profit → Net profit: $34BServices → Revenue: $23BGross profit → Operating expenses: $14BWatch & AirPods → Products: $12BMac → Products: $8BOperating expenses → R&D: $8BiPad → Products: $7BOperating expenses → SG&A: $7BOperating profit → Tax: $6BCost of revenue → Service costs: $6BOperating profit → Other: $0BiPhone: $70BProducts: $96BMac: $8BiPad: $7BWatch & AirPods: $12BRevenue: $120BServices: $23BGross profit: $55BCost of revenue: $65BOperating profit: $40BOperating expenses: $14BProduct costs: $58BService costs: $6BNet profit: $34BTax: $6BOther: $0BR&D: $8BSG&A: $7Bcreated with SankeyArt.comiPhone$70B6% Y/YProducts$96B0% Y/YMac$8B1% Y/YiPad$7B-25% Y/YWatch & AirPods$12B-11% Y/YRevenue$120B2% Y/YServices$23B11% Y/YGross profit$55B9% Y/YCost of revenue$65B-3% Y/YOperating profit$40B12% Y/YOperating expenses$14B1% Y/YProduct costs$58B-4% Y/YService costs$6B4% Y/YNet profit$34B13% Y/YTax$6B14% Y/YOther$50M-87% Y/YR&D$8B-0% Y/YSG&A$7B3% Y/YApple Q1 FY24 Income Statement
2020
Full Year
2021
Full Year
2022
Q4 Full Year
2023
Q1 Q2 Q3 Q4 Full Year
2024
Q1 Q2 Q3 Full Year
2025
Q1 Q2
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