Products → Revenue: $61BRevenue → Cost of revenue: $45BiPhone → Products: $40BCost of revenue → Product costs: $39BRevenue → Gross profit: $36BGross profit → Operating profit: $23BServices → Revenue: $21BOperating profit → Net profit: $20BGross profit → Operating expenses: $13BWatch & AirPods → Products: $8BOperating expenses → R&D: $7BMacBook → Products: $7BCost of revenue → Service costs: $6BOperating expenses → SG&A: $6BiPad → Products: $6BOperating profit → Tax: $3BOperating profit → Other expenses: $0BiPhone: $40BProducts: $61BMacBook: $7BiPad: $6BWatch & AirPods: $8BRevenue: $82BServices: $21BGross profit: $36BCost of revenue: $45BOperating profit: $23BOperating expenses: $13BProduct costs: $39BService costs: $6BNet profit: $20BTax: $3BOther expenses: $0BR&D: $7BSG&A: $6Bcreated with SankeyArt.comiPhone$40B-2% Y/YProducts$61B-4% Y/YMacBook$7B-7% Y/YiPad$6B-20% Y/YWatch & AirPods$8B2% Y/YRevenue$82B-1% Y/YServices$21B8% Y/YGross profit$36B1% Y/YCost of revenue$45B-4% Y/YOperating profit$23B-0% Y/YOperating expenses$13B5% Y/YProduct costs$39B-6% Y/YService costs$6B12% Y/YNet profit$20B2% Y/YTax$3B-21% Y/YOther expenses$265MR&D$7B9% Y/YSG&A$6B-1% Y/YApple Q3 FY23 Income Statement