Products → Revenue: $294.9BRevenue → Cost of revenue: $210.4BiPhone → Products: $201.2BCost of revenue → Product costs: $185.2BRevenue → Gross profit: $180.7BGross profit → Operating profit: $123.2BServices → Revenue: $96.2BOperating profit → Net profit: $93.5BGross profit → Operating expenses: $57.5BWatch and AirPods → Products: $37.0BOperating expenses → R&D: $31.4BMacBook → Products: $30.0BOperating profit → Tax: $29.7BiPad → Products: $26.7BOperating expenses → SG&A: $26.1BCost of revenue → Service costs: $25.1BOther → Net profit: $0.3BCost of revenue$210.4B-2% Y/YGross profit$180.7B7% Y/YMacBook$30.0B2% Y/YNet profit$93.7B-3% Y/YOperating expenses$57.5B5% Y/YOperating profit$123.2B8% Y/YOther$269MProduct costs$185.2B-2% Y/YProducts$294.9B-1% Y/YR&D$31.4B5% Y/YRevenue$391.0B2% Y/YSG&A$26.1B5% Y/YService costs$25.1B1% Y/YServices$96.2B13% Y/YTax$29.7B78% Y/YWatch and AirPods$37.0B-7% Y/YiPad$26.7B-6% Y/YiPhone$201.2B0% Y/YApple FY24 Income Statementcreated with SankeyArt.com