There are many big multinational companies in the world today and Apple Inc. is one of such companies.
Apple Inc. as of today, is the fifth biggest company in the world.
The company raked in a profit of over $96 billion, from sales of iPhones, iPads, Macs, and more in 2023.
Technology giant, Apple Inc. has revealed that it made a huge profit from the sales of its products in 2023.
Apple’s income statement for the financial year ending September 30, 2023, showed that Net sales stood at $383.3 billion.
The report revealed that the company’s expenditure for the year 2023 stood at $286.3 billion.
The cost of sales was $214.1 billion, R&D gulped $29.9 billion, and $24.9 billion was spent on operating costs.
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Income tax cost the company $16.7 billion, while other expenses were pegged at $0.57 billion.
Apple is the world’s biggest company by market capitalization, and with US$394.3 billion the largest technology company by 2022 revenue.
Below is a breakdown of the company’s net sales for 2023.
- iPhone raked in $200.6 billion
- Service recorded $85.2 billion
- Wearable, Home & Accessories brought in $39.8 billion
- Mac made $29.4 billion while
- iPad also made $28.3 billion in sales.
