The chart below shows Apple’s net revenue in billions of US Dollars from 2010-2022. The tech giant has experienced solid revenue growth over the last two fiscals. In 2022, the total net revenue of Apple reached very close to $400 billion after having crossed the $350 billion mark in 2021. The company generated $365.8 billion in 2021 and $394.3 billion in 2022 in annual net revenue.
Apple generates a large part of its sales from the iPhone which is its core product, In 2022, the company generated total $205,489 million in net sales from the sales of iPhone compared to $191,973 million in the previous year. Generally, the company generates more than 50% of its net revenue from the sales of iPhone. Apple’s revenue from products in 2022 remained $316,199 million in 2022 and that from services remained $78,129 million in 2021. In the recent years, the company has also experienced solid increase in its sales of services.
Net Revenue of Apple Inc 1999-2022
Amounts are in billions.
| Year | Net Revenue |
|---|---|
| 2022 | $394.328 |
| 2021 | $365.817 |
| 2020 | $274.515 |
| 2019 | $260.2 |
| 2018 | $265.6 |
| 2017 | $229.2 |
| 2016 | $215.6 |
| 2015 | $233.7 |
| 2014 | $182.8 |
| 2013 | $170.9 |
| 2012 | $156.5 |
| 2011 | $108.2 |
| 2010 | $65.2 |
| 2009 | $ 42.9 |
| 2008 | $37.5 |
| 2007 | $24.6 |
| 2006 | $19.3 |
| 2005 | $13.9 |
| 2004 | $8.3 |
| 2003 | $6.2 |
| 2002 | $5.7 |
| 2001 | $5.4 |
| 2000 | $7.9 |
| 1999 | $6.1 |
2022: Apple’s net revenue in 2022 was up 8% year over year. In 2022, Apple generated $394.33 billion in net revenue compared to $365.82 billion in 2021. The company experienced growth in revenue across all geographic segments excluding Japan and all product segments excluding Ipad. Iphone sales accounted for 52% of the company’s net annual revenue for 2022.
2021: Apple’s net revenues in 2021 grew by 33% compared to the previous year driven mainly by increased sales of iPhone, and services. The companies net revenues grew across all product segments. Its net revenues for 2021 increased to $365.8 billion compared to $274.5 billion in 2020. The company experienced double digit revenue growth across all market regions. Its revenues from Greater China grew by 70% in 2021 compared to 2020, while that from Americas also grew by 23%.
Net revenue of Apple Inc declined by 2% in 2019 compared to the previous year. Total net sales for fiscal 2019 came down to $260.174 billion from $265.595 million in 2018. Apple’s net revenue was the highest till date in 2018 at $265.6 billion having risen 16% compared to 2017.
Apple’s revenue from iPhone decreased by 14% in 2019 compared to the previous year whereas that from Mac increased by 2% and from iPad grew by 16%. Services revenue of Apple Inc grew by 16% in 2019 compared to the previous year and reached $46.3 billion. In 2018, Apple’s services revenue was $39.75 billion.
Abhijeet Pratap is a passionate blogger with seven years of experience in the field. Specializing in business management and digital marketing, he has developed a keen understanding of the intricacies of these domains. Through his insightful articles, Abhijeet shares his knowledge, helping readers navigate the complexities of modern business landscapes and digital strategies.