Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Net sales: Apple Inc. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) (In millions, except number of shares which are reflected in thousands and per share
Net sales: Apple Inc. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) (In millions, except number of shares which are reflected in thousands and per share amounts) Three Months Ended Twelve Months Ended September 25, September 26, September 25, September 26, 2020 2021 2020 2021 Products Services Total net sales (1) Cost of sales: Products Services Total cost of sales Gross margin $ 65,083 $ 50,149 $ 297,392 $ 220,747 18,277 14,549 68,425 53,768 83,360 64,698 365,817 274,515 42,790 35,197 192,266 151,286 5,396 4,812 20,715 18,273 48,186 40,009 212,981 169,559 35,174 24,689 152,836 104,956 Operating expenses: Research and development 5,772 4,978 21,914 18,752 Selling, general and administrative 5,616 4,936 21,973 19,916 Total operating expenses 11,388 9,914 43,887 38,668 Operating income 23,786 14,775 108,949 66,288 Other income/(expense), net (538) 126 258 803 Income before provision for income taxes 23,248 14,901 109,207 67,091 Provision for income taxes Net income 2,697 2,228 $ 20,551 $ 12,673 $ 14,527 94,680 $ 9,680 57,411 Earnings per share: Basic Diluted Shares used in computing earnings per share: Basic Diluted (Net sales by reportable segment: Americas $ $ 1.24 1.25 $ $ 0.74 $ 5.67 $ 3.31 0.73 $ 5.61 $ 3.28 16,487,121 17,057,622 16,701,272 16,635,097 17,256,521 16,864,919 17,352,119 17,528,214 36,820 $ 30,698 $ 153,306 $ 124,556 Europe Greater China 20,794 16,900 89,307 68,640 14,563 7,946 68,366 40,308 Japan Rest of Asia Pacific 5,991 5,023 28,482 21,418 5,192 4,131 26,356 19,593 Total net sales $ 83,360 $ 64,698 $ 365,817 $ 274,515 (1) Net sales by category: iPhone Mac iPad Wearables, Home and Accessories Services Total net sales 38,868 $ 26,444 $ 191,973 $ 137,781 9,178 9,032 35,190 28,622 8,252 6,797 31,862 23,724 8,785 7,876 38,367 30,620 18,277 14,549 68,425 53,768 $ 83,360 $ 64,698 $ 365,817 $ 274,515
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started