Below are the financial statements of Apple, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in billions of USD | 2024 | 2023 | 2022 |
|---|---|---|---|
| Net sales | — | — | — |
| Products | 294.87a | 298.09a | 316.2a |
| Services | 96.17a | 85.2a | 78.13a |
| Total net sales | 391.04a | 383.29a | 394.33a |
| Cost of sales | — | — | — |
| Products | -185.23a | -189.28a | -201.47a |
| Services | -25.12a | -24.86a | -22.08a |
| Total cost of sales | -210.35a | -214.14a | -223.55a |
| Gross margin | 180.68a | 169.15a | 170.78a |
| Operating expenses | — | — | — |
| Research and development | -31.37a | -29.92a | -26.25a |
| Selling, general and administrative | -26.1a | -24.93a | -25.09a |
| Total operating expenses | -57.47a | -54.85a | -51.35a |
| Operating income | 123.22a | 114.3a | 119.44a |
| Other income/(expense), net | 0.27a | -0.57a | -0.33a |
| Income before provision for income taxes | 123.49a | 113.74a | 119.1a |
| Provision for income taxes | -29.75a | -16.74a | -19.3a |
| Net income | 93.74a | 97a | 99.8a |
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