APPLE Revenue by Product Category
Net Revenue of Apple by Product Category 2017-2022
Amounts are in $ millions.
| Product | 2020 | 2021 | 2022 |
| iPhone | $137,781 | $191,973 | $205,489 |
| Mac | $28,622 | $35,190 | $40,177 |
| iPad | $23,724 | $31,862 | $29,292 |
| Wearables, Home and Accessories | $30,620 | $38,367 | $41,241 |
| Services | $53,768 | $68,425 | $78,129 |
| Total Net Sales | $274,515 | $365,817 | $394,328 |
2022: Apple's total net revenue in 2022 reached $394.3 billion compared to $365.8 billion in 2021. The company generated 52% of its annual net sales in 2022 from Iphone sales or $205.5 billion. Iphone sales have crossed $200 billion for the first time in its history. Apple experienced growth in sales across all product categories excluding Ipad.
2021 was a brilliant year for Apple Inc when the company experienced 33% revenue growth. Its net revenues crossed the $300 billion mark for the first time in its history. Its net revenues grew to $365.82 billion in 2021 compared to $274.515 billion in the previous year. The company experienced revenue growth across all its product segments and in all geographical segments. iPhone revenues of the company grew by more than $54 billion in 2021 compared to the last year.
Apple generated $192 billion (52.5% of annual net sales) from the sales of iPhones in 2021 compared to $137.8 billion in the previous year.
Its net sales of Mac grew to $35.2 billion (9.6% of annual net sales) in 2021 compared to $28.6 billion in 2020.
Apple's net revenues from the sales of iPad remained $31.9 billion (8.7% of annual net sales) in 2021 compared to $23.7 billion in the previous year.
Sales of wearables, home and accessories grew by 25% in 2021 compared to the previous year. The company generated $38.4 billion (10.5% of annual net sales) from the sales of Wearables, Home and Accessories in 2021 compared to $30.6 billion in 2020.
Apple's net revenues from services grew by 27% in 2021 compared to the last year. The company generated $68.4 billion from the sales of services (18.7% of annual net sales) in 2021 compared to $53.8 billion in the last year.
| Product | 2019. | 2018. | 2017. |
| iPhone | $142,381 | $164,888 | $139,337 |
| Mac | $25,740 | $25,198 | $25,569 |
| iPad | $21,280 | $18,380 | $18,802 |
| Wearables, Home and Accessories | $24,482 | $17,381 | $12,826 |
| Services | $46,291 | $39,748 | $32,700 |
| Total Net Sales | $260,174 | $265,595 | $229,234 |
Apple's iPhone generates the company's highest revenue, accounting for more than half of total sales each year. In 2019, the net revenue of Apple from the iPhone declined compared to the previous year, but revenue from services and wearables gained significantly.
About Apple Inc:
Founded in 1976 by Steve Jobs and Steve Wozniak, Apple Inc. has its headquarters in Cupertino, California, United States. The company is a leading technology brand and the maker of iPhone, Mac, and iPads. Apart from it, Apple also sells a nice range of wearables and services. The company has experienced solid growth in Net revenue in 2020 compared to the previous year. Its net revenue in 2020 grew to $274.5 billion compared to $260.2 billion in 2019.
Apple’s market cap is higher than $2 Trillion and it is the first company whose market cap exceeded 2 trillions. The company is currently led by CEO Tim Cook.