Products → Revenue: $67BRevenue → Cost of revenue: $49BiPhone → Products: $44BCost of revenue → Product costs: $43BRevenue → Gross profit: $40BGross profit → Operating profit: $27BOperating profit → Net profit: $23BServices → Revenue: $22BGross profit → Operating expenses: $13BWatch & AirPods → Products: $9BMacBook → Products: $8BOperating expenses → R&D: $7BCost of revenue → Service costs: $6BiPad → Products: $6BOperating expenses → SG&A: $6BOperating profit → Tax: $4BOther income → Net profit: $0BiPhone: $44BProducts: $67BMacBook: $8BiPad: $6BWatch & AirPods: $9BRevenue: $89BServices: $22BGross profit: $40BCost of revenue: $49BOperating profit: $27BOperating expenses: $13BProduct costs: $43BService costs: $6BNet profit: $23BTax: $4BOther income: $0BR&D: $7BSG&A: $6Bcreated with SankeyArt.comiPhone$44B3% Y/YProducts$67B-5% Y/YMacBook$8B-34% Y/YiPad$6B-10% Y/YWatch & AirPods$9B-3% Y/YRevenue$89B-1% Y/YServices$22B16% Y/YGross profit$40B6% Y/YCost of revenue$49B-6% Y/YOperating profit$27B-6% Y/YOperating expenses$13B2% Y/YProduct costs$43B-8% Y/YService costs$6B14% Y/YNet profit$23B-7% Y/YTax$4B3% Y/YOther income$29MR&D$7B8% Y/YSG&A$6B-4% Y/YApple Q4 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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