Products → Revenue: $96BRevenue → Cost of revenue: $67BiPhone → Products: $66BCost of revenue → Product costs: $61BRevenue → Gross profit: $50BGross profit → Operating profit: $36BOperating profit → Net profit: $30BServices → Revenue: $21BGross profit → Operating expenses: $14BWatch and AirPods → Products: $13BiPad → Products: $9BMacBook → Products: $8BOperating expenses → R&D: $8BOperating expenses → SG&A: $7BCost of revenue → Service costs: $6BOperating profit → Tax: $6BOperating profit → Other: $0BiPhone: $66BProducts: $96BMacBook: $8BiPad: $9BWatch and AirPods: $13BRevenue: $117BServices: $21BGross profit: $50BCost of revenue: $67BOperating profit: $36BOperating expenses: $14BProduct costs: $61BService costs: $6BNet profit: $30BTax: $6BOther: $0BR&D: $8BSG&A: $7Bcreated with SankeyArt.comiPhone$66B-8% Y/YProducts$96B-8% Y/YMacBook$8B-29% Y/YiPad$9B30% Y/YWatch and AirPods$13B-8% Y/YRevenue$117B-5% Y/YServices$21B6% Y/YGross profit$50B-7% Y/YCost of revenue$67B-4% Y/YOperating profit$36B-13% Y/YOperating expenses$14B12% Y/YProduct costs$61B-6% Y/YService costs$6B12% Y/YNet profit$30B-13% Y/YTax$6B-15% Y/YOther$393M59% Y/YR&D$8B22% Y/YSG&A$7B2% Y/YApple Q1 FY23 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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