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Products → Revenue: $294.9B
Revenue → Cost of revenue: $210.4B
iPhone → Products: $201.2B
Cost of revenue → Product costs: $185.2B
Revenue → Gross profit: $180.7B
Gross profit → Operating profit: $123.2B
Services → Revenue: $96.2B
Operating profit → Net profit: $93.5B
Gross profit → Operating expenses: $57.5B
Watch and AirPods → Products: $37.0B
Operating expenses → R&D: $31.4B
MacBook → Products: $30.0B
Operating profit → Tax: $29.7B
iPad → Products: $26.7B
Operating expenses → SG&A: $26.1B
Cost of revenue → Service costs: $25.1B
Other → Net profit: $0.3B
Cost of revenue
$210.4B
-2% Y/Y
Gross profit
$180.7B
7% Y/Y
MacBook
$30.0B
2% Y/Y
Net profit
$93.7B
-3% Y/Y
Operating expenses
$57.5B
5% Y/Y
Operating profit
$123.2B
8% Y/Y
Other
$269M
Product costs
$185.2B
-2% Y/Y
Products
$294.9B
-1% Y/Y
R&D
$31.4B
5% Y/Y
Revenue
$391.0B
2% Y/Y
SG&A
$26.1B
5% Y/Y
Service costs
$25.1B
1% Y/Y
Services
$96.2B
13% Y/Y
Tax
$29.7B
78% Y/Y
Watch and AirPods
$37.0B
-7% Y/Y
iPad
$26.7B
-6% Y/Y
iPhone
$201.2B
0% Y/Y
Apple FY24 Income Statement
created with SankeyArt.com
2022
Q4
Full Year
2023
Q1
Q2
Q3
Q4
Full Year
2024
Q1
Q2
Q3
Full Year