Apple Inc., a multinational technology company, adheres to the accrual method in its accounting practices. In 2023, Apple entered into a contract to provide software development services to a client for $80 million. By the end of 2023, Apple incurred $50 million in costs related to the project. Determine the amount of gross profit that Apple should recognize for the fiscal year 2023 under the accrual method.

Calculate the gross profit recognized by Apple for the fiscal year 2023 under the accrual method for the software development services contract.