Apple Revenue by Product Category

The chart above shows the net sales of Apple from each product category for 2022. iPhone accounted for the largest part of its net sales followed by services. The company generated more than $200 billion from iPhone sales alone.

Net Revenue of Apple by Product Category 2017-2022

Amounts are in $ millions.

Product202020212022
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.  Sales of services experienced impressive growth rising from $68,425 million in 2021 to $78,129 million in 2022. Mac revenue grew yoy by around $5 billion and the company also experienced close to $3 billion YoY revenue growth in wearables segment. However. iPad revenue declined by more than $2.5 billion in 2022 compared to the last year.

2021:

2021 remained a brilliant year for Apple. The company experienced 33% revenue growth. Its net revenues crossed the $300 billion mark for the first time in its history. Annual 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 grew by more than $54 billion in 2021 compared to the last year.

Apple revenue share by product category 2021 ($ millions)

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.

Product2019.2018.2017.
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.

Appleā€™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.