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
Nine Months Ended
June 26,
2021
June 27,
2020
June 26,
2021
June 27,
2020
Net sales:
Products
$
63,948
$
46,529
$
232,309
$
170,598
Services
17,486
13,156
50,148
39,219
Total net sales (1)
81,434
59,685
282,457
209,817
Cost of sales:
Products
40,899
32,693
149,476
116,089
Services
5,280
4,312
15,319
13,461
Total cost of sales
46,179
37,005
164,795
129,550
Gross margin
35,255
22,680
117,662
80,267
Operating expenses:
Research and development
5,717
4,758
16,142
13,774
Selling, general and administrative
5,412
4,831
16,357
14,980
Total operating expenses
11,129
9,589
32,499
28,754
Operating income
24,126
13,091
85,163
51,513
Other income/(expense), net
243
46
796
677
Income before provision for income taxes
24,369
13,137
85,959
52,190
Provision for income taxes
2,625
1,884
11,830
7,452
Net income
$
21,744
$
11,253
$
74,129
$
44,738
Earnings per share:
Basic
$
1.31
$
0.65
$
4.42
$
2.56
Diluted
$
1.30
$
0.65
$
4.38
$
2.54
Shares used in computing earnings per share:
Basic
16,629,371
17,250,291
16,772,656
17,450,284
Diluted
16,781,735
17,419,154
16,941,527
17,618,778
(1) Net sales by reportable segment:
Americas
$
35,870
$
27,018
$
116,486
$
93,858
Europe
18,943
14,173
68,513
51,740
Greater China
14,762
9,329
53,803
32,362
Japan
6,464
4,966
22,491
16,395
Rest of Asia Pacific
5,395
4,199
21,164
15,462
Total net sales
$
81,434
$
59,685
$
282,457
$
209,817
(1) Net sales by category:
iPhone
$
39,570
$
26,418
$
153,105
$
111,337
Mac
8,235
7,079
26,012
19,590
iPad
7,368
6,582
23,610
16,927
Wearables, Home and Accessories
8,775
6,450
29,582
22,744
Services
17,486
13,156
50,148
39,219
Total net sales
$
81,434
$
59,685
$
282,457
$
209,817
