Products → Revenue: $74BRevenue → Cost of revenue: $53BiPhone → Products: $51BCost of revenue → Product costs: $47BRevenue → Gross profit: $42BGross profit → Operating profit: $28BOperating profit → Net profit: $24BServices → Revenue: $21BGross profit → Operating expenses: $14BWatch & AirPods → Products: $9BOperating expenses → R&D: $7BMacBook → Products: $7BiPad → Products: $7BOperating expenses → SG&A: $6BCost of revenue → Service costs: $6BOperating profit → Tax: $4BOther income → Net profit: $0BiPhone: $51BProducts: $74BMacBook: $7BiPad: $7BWatch & AirPods: $9BRevenue: $95BServices: $21BGross profit: $42BCost of revenue: $53BOperating profit: $28BOperating expenses: $14BProduct costs: $47BService costs: $6BNet profit: $24BTax: $4BOther income: $0BR&D: $7BSG&A: $6Bcreated with SankeyArt.comiPhone$51B2% Y/YProducts$74B-5% Y/YMacBook$7B-31% Y/YiPad$7B-13% Y/YWatch & AirPods$9B-1% Y/YRevenue$95B-3% Y/YServices$21B5% Y/YGross profit$42B-1% Y/YCost of revenue$53B-3% Y/YOperating profit$28B-6% Y/YOperating expenses$14B9% Y/YProduct costs$47B-5% Y/YService costs$6B12% Y/YNet profit$24B-3% Y/YTax$4B-18% Y/YOther income$64MR&D$7B17% Y/YSG&A$6B0% Y/YApple Q2 FY23 Income Statement