Products → Revenue: $66.9BRevenue → Cost of revenue: $48.5BiPhone → Products: $46.0BCost of revenue → Product costs: $42.4BRevenue → Gross profit: $42.3BGross profit → Operating profit: $27.9BServices → Revenue: $23.9BOperating profit → Net profit: $23.5BGross profit → Operating expenses: $14.4BWatch & AirPods → Products: $7.9BOperating expenses → R&D: $7.9BMacBook → Products: $7.5BOperating expenses → SG&A: $6.5BCost of revenue → Service costs: $6.1BiPad → Products: $5.6BOperating profit → Tax: $4.4BOther income → Net profit: $0.2BiPhone: $46.0BProducts: $66.9BMacBook: $7.5BiPad: $5.6BWatch & AirPods: $7.9BRevenue: $90.8BServices: $23.9BGross profit: $42.3BCost of revenue: $48.5BOther income: $0.2BNet profit: $23.6BOperating profit: $27.9BOperating expenses: $14.4BProduct costs: $42.4BService costs: $6.1BTax: $4.4BR&D: $7.9BSG&A: $6.5Bcreated with SankeyArt.comiPhone$46.0B-10% Y/YProducts$66.9B-10% Y/YMacBook$7.5B4% Y/YiPad$5.6B-17% Y/YWatch & AirPods$7.9B-10% Y/YRevenue$90.8B-4% Y/YServices$23.9B14% Y/YGross profit$42.3B1% Y/YCost of revenue$48.5B-8% Y/YOther income$158M147% Y/YNet profit$23.6B-2% Y/YOperating profit$27.9B-1% Y/YOperating expenses$14.4B5% Y/YProduct costs$42.4B-9% Y/YService costs$6.1B-0% Y/YTax$4.4B5% Y/YR&D$7.9B6% Y/YSG&A$6.5B4% Y/YApple Q2 FY24 Income Statement