Products → Revenue: $316.2BRevenue → Cost of revenue: $223.5BiPhone → Products: $205.5BCost of revenue → Product costs: $201.5BRevenue → Gross profit: $170.8BGross profit → Operating profit: $119.4BOperating profit → Net profit: $99.8BServices → Revenue: $78.1BGross profit → Operating expenses: $51.3BWatch and AirPods → Products: $41.2BMacBook → Products: $40.2BiPad → Products: $29.3BOperating expenses → R&D: $26.3BOperating expenses → SG&A: $25.1BCost of revenue → Service costs: $22.1BOperating profit → Tax: $19.3BOperating profit → Other: $0.3BiPhone: $205.5BProducts: $316.2BMacBook: $40.2BiPad: $29.3BWatch and AirPods: $41.2BRevenue: $394.3BServices: $78.1BGross profit: $170.8BCost of revenue: $223.5BOperating profit: $119.4BOperating expenses: $51.3BProduct costs: $201.5BService costs: $22.1BNet profit: $99.8BTax: $19.3BOther: $0.3BR&D: $26.3BSG&A: $25.1Bcreated with SankeyArt.comiPhone$205.5B7% Y/YProducts$316.2B6% Y/YMacBook$40.2B14% Y/YiPad$29.3B-8% Y/YWatch and AirPods$41.2B7% Y/YRevenue$394.3B8% Y/YServices$78.1B14% Y/YGross profit$170.8B12% Y/YCost of revenue$223.5B5% Y/YOperating profit$119.4B9% Y/YOperating expenses$51.3B17% Y/YProduct costs$201.5B5% Y/YService costs$22.1B7% Y/YNet profit$99.8B5% Y/YTax$19.3B33% Y/YOther$0.3BR&D$26.3B20% Y/YSG&A$25.1B14% Y/YApple FY22 Income Statement