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Apple Revenue from Products and Services

The chart above shows Apple’s sales of Products and services from 2016 to 2022 in billions of US Dollars. In 2022, Apple generated historically the highest revenue at around $395 billion. Its revenue from products remained $316.2 billion and that from services in 2022 was $78.13 billion.

The total net revenue of the company in 2022 remained $394,328 million compared to $365,817 million in 2021. The largest product category of Apple is iPhone that generated total $205,489 million in net sales in 2022 compared to $191,973 million in the previous year. The company also generated $40,177 million from Mac Sales and $29,292 million from the sales of iPad in 2022. The sales of wearables and accessories generated total $41,241 million in 2022 compared to $38,367 million in 2021.

Net revenue of Apple from products and services 2013 -2022

Amounts are in millions.

YearProducts net sales (mn)Services Revenue ($mn)
2022$316,199$78,129
2021$297,392$68,425
2020$220,747$53,768
2019$213,883$46,291
2018$225,847$39,748
2017$196,534$32,700
2016$191,291$24,348
2015$213,806$19,909
2014 $18,063
2013 $16,051

2022: In 2022, while Apple’s total net sales climbed to $394.3 billion, the company generated around 20% of its total net sales for the year from the sales of services and 80% from products. The company generated $78.13 billion from services and $316.2 billion from products in 2022.

2021: Apple’s range of services has kept growing over the past several years and so has its net revenues from services. The company generated $297.4 billion from the sales of products in 2021 compared to $220.75 billion in 2020. iPhone accounts for the largest part of Apple’s product net revenues and Apple’s net sales of iPhone were $191.973 billion in 2021 compared to $137.8 billion in 2020. Its net sales of iPhone increased 39% in 2021 compared to 2020. 

Related:

Apple generated $68.425 billion in net sales from the sales of services compared to $53.8 billion in 2020. Its services revenues grew by 27% in 2021 compared to 2020. 

The company’s total net sales in 2021 reached $365.8 billion in 2021 compared to $274.5 billion in 2020.