2019 - Income Statement Apple Inc (Results In Millions) Net Sales Products Services Total Net Sales Cost of sales: Products Services Total cost of sales 213,883 46,291 260,174 144,996 16,786 161,782 98,392 Gross Margin Operating expenses: Research and development 16,217 Selling, general and administrative 18,245 Total operating expenses 34,462 Operating income 63,930 Other income/(expense), net 1,807 Income before provision for income taxes 65,737 Provision for income taxes 10,481 Net Income 55,256 Earnings per share Basic Diluted Shares used in computing earnings per share: Basic Diluted 11.97 11.89 4,617,834 4,648,913