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
Twel ve Mo nths End ed
September 26,
2020
September 28,
2019
September 26,
2020
September 28,
2019
Net sales:
Products
$
50,149
$
51,529
$
220,747
$
213,883
Services
14,549
12,511
53,768
46,291
To ta l n e t s a l e s (1)
64,698
64,040
274,515
260,174
Cost of sales:
Products
35,197
35,238
151,286
144,996
Services
4,812
4,489
18,273
16,786
To ta l c o s t o f s a l e s
40,009
39,727
169,559
161,782
Gross margin
24,689
24,313
104,956
98,392
Operating expenses:
Research and development
4,978
4,110
18,752
16,217
Selling, general and administrative
4,936
4,578
19,916
18,245
To ta l o p e r a t i n g ex p e n s e s
9,914
8,688
38,668
34,462
Operating income
14,775
15,625
66,288
63,930
Other income/(expense), net
126
502
803
1,807
Income before provision for income taxes
14,901
16,127
67,091
65,737
Provision for income taxes
2,228
2,441
9,680
10,481
Net income
$
12,673
$
13,686
$
57,411
$
55,256
Earnings per share:
Basic
$
0.74
$
0.76
$
3.31
$
2.99
Diluted
$
0.73
$
0.76
$
3.28
$
2.97
Shares used in computing earnings per share:
Basic
17,057,622
17,963,249
17,352,119
18,471,336
Diluted
17,256,521
18,081,493
17,528,214
18,595,651
(1) Net sales by reportable segment:
Americas
$
30,698
$
29,322
$
124,556
$
116,914
Europe
16,900
14,946
68,640
60,288
Greater China
7,9 4 6
11,134
40,308
43,678
Japan
5,023
4,982
21,418
21,506
Rest of Asia Pacific
4,131
3,656
19,593
17,788
To ta l n e t s a l e s
$
64,698
$
64,040
$
274,515
$
260,174
(1) Net sales by category:
iPhone
$
26,444
$
33,362
$
137,781
$
142,381
Mac
9,032
6,991
28,622
25,740
iPad
6,797
4,656
23,724
21,280
Wea rabl es, Ho me a nd Acc esso rie s
7,8 7 6
6,520
30,620
24,482
Services
14,549
12,511
53,768
46,291
To ta l n e t s a l e s
$
64,698
$
64,040
$
274,515
$
260,174
