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Apple Inc Net Revenue

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.

YearNet 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.