United states securities and exchange commission

Note 2 – Revenue
Net sales disaggregated by significant products and services for 2022, 2021 and 2020 were as follows (in millions):
2022
2021
2020
iPhone
(1)
$ 
205,489 $ 
191,973 $ 
137,781 
Mac 
(1)
40,177
35,190
28,622 
iPad
(1)
29,292
31,862
23,724 
Wearables, Home and Accessories 
(1)(2)
41,241
38,367
30,620 
Services 
(3)
78,129
68,425
53,768 
Total net sales 
(4)
$ 
394,328 $ 
365,817 $ 
274,515 
(1)
Products net sales include amortization of the deferred value of unspecified software upgrade rights, which are bundled in 
the sales price of the respective product.
(2)
Wearables, Home and Accessories net sales include sales of AirPods, Apple TV, Apple Watch, Beats products, HomePod 
mini and accessories.
(3)
Services net sales include sales from the Company’s advertising, AppleCare, cloud, digital content, payment and other 
services. Services net sales also include amortization of the deferred value of services bundled in the sales price of certain 
products.
(4)
Includes $7.5 billion of revenue recognized in 2022 that was included in deferred revenue as of September 25, 2021, $6.7 
billion of revenue recognized in 2021 that was included in deferred revenue as of September 26, 2020, and $5.0 billion of 
revenue recognized in 2020 that was included in deferred revenue as of September 28, 2019.
The Company’s proportion of net sales by disaggregated revenue source was generally consistent for each reportable segment 
in Note 11, “Segment Information and Geographic Data” for 2022, 2021 and 2020, except in Greater China, where iPhone 
revenue represented a moderately higher proportion of net sales in 2022 and 2021.
As of September 24, 2022 and September 25, 2021, the Company had total deferred revenue of $12.4 billion and $11.9 billion, 
respectively. As of September 24, 2022, the Company expects 64% of total deferred revenue to be realized in less than a year, 
27% within one-to-two years, 7% within two-to-three years and 2% in greater than three years.
Apple Inc. | 2022 Form 10-K | 37

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