Net sales: Products 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 September 24, 2022 September 25, 2021 Twelve Months Ended September 24, 2022 September 25, 2021 Services Total net sales (1) Cost of sales: Products Services Total cost of sales 70,958 $ 19,188 65,083 $ 18,277 316,199 $ 297,392 78,129 68,425 90,146 83,360 394,328 365,817 46,387 42,790 201,471 192,266 5,664 5,396 22,075 20,715 52,051 48,186 223,546 212,981 38,095 35,174 170,782 152,836 Gross margin Operating expenses: Research and development 6,761 5,772 26,251 21,914 Selling, general and administrative 6,440 5,616 25,094 21,973 Total operating expenses 13,201 11,388 51,345 43,887 Operating income 24,894 23,786 119,437 108,949 Other income/(expense), net (237) (538) (334) 258 Income before provision for income taxes 24,657 23,248 119,103 109,207 Provision for income taxes 3,936 2,697 19,300 14,527 $ 20,721 $ 20,551 $ 99,803 $ 94,680 Net income Earnings per share: Basic Diluted Shares used in computing earnings per share: Basic Diluted (1) Net sales by reportable segment: 69 69 $ 1.29 $ 1.25 $ 6.15 $ 5.67 $ 1.29 $ 1.24 $ 6.11 $ 5.61 16,030,382 16,487,121 16,215,963 16,701,272 16,118,465 16,635,097 16,325,819 16,864,919 Americas $ 39,808 $ 36,820 $ 169,658 $ 153,306 Europe 22,795 20,794 95,118 89,307 Greater China 15,470 14,563 74,200 68,366 Japan 5,700 5,991 25,977 28,482 Rest of Asia Pacific 6,373 5,192 29,375 26,356 Total net sales $ 90,146 $ 83,360 $ 394,328 $ 365,817 (1) Net sales by category: iPhone iPad Wearables, Home and Accessories Services Total net sales $ 42,626 $ 38,868 $ 205,489 $ 191,973 11,508 9,178 40,177 35,190 7,174 8,252 29,292 31,862 9,650 8,785 41,241 38,367 19,188 18,277 78,129 68,425 $ 90,146 $ 83,360 $ 394,328 $ 365,817