Products → Revenue: $71.0BRevenue → Cost of revenue: $52.1BCost of revenue → Product costs: $46.4BiPhone → Products: $42.6BRevenue → Gross profit: $38.1BGross profit → Operating profit: $24.9BOperating profit → Net profit: $20.7BServices → Revenue: $19.2BGross profit → Operating expenses: $13.2BMacBook → Products: $11.5BWatch and AirPods → Products: $9.7BiPad → Products: $7.2BOperating expenses → R&D: $6.8BOperating expenses → SG&A: $6.4BCost of revenue → Service costs: $5.7BOperating profit → Tax: $3.9BOperating profit → Other: $0.2BiPhone: $42.6BProducts: $71.0BMacBook: $11.5BiPad: $7.2BWatch and AirPods: $9.7BRevenue: $90.2BServices: $19.2BGross profit: $38.1BCost of revenue: $52.1BOperating profit: $24.9BOperating expenses: $13.2BProduct costs: $46.4BService costs: $5.7BNet profit: $20.7BTax: $3.9BOther: $0.2BR&D: $6.8BSG&A: $6.4Bcreated with SankeyArt.comiPhone$42.6B10% Y/YProducts$71.0B9% Y/YMacBook$11.5B25% Y/YiPad$7.2B-12% Y/YWatch and AirPods$9.7B10% Y/YRevenue$90.2B8% Y/YServices$19.2B5% Y/YGross profit$38.1B8% Y/YCost of revenue$52.1B8% Y/YOperating profit$24.9B-8% Y/YOperating expenses$13.2B16% Y/YProduct costs$46.4B8% Y/YService costs$5.7B6% Y/YNet profit$20.7B-13% Y/YTax$3.9B44% Y/YOther$0.2B-60% Y/YR&D$6.8B17% Y/YSG&A$6.4B14% Y/YApple Q4 FY22 Income Statement