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
Twe lve Mo nth s E nd ed
September 28,
2019
September 29,
2018
September 28,
2019
September 29,
2018
Net sales:
Products
$
51,529
$
52,301
$
213,883
$
225,847
Services
12,511
10,599
46,291
39,748
To ta l n e t s al e s (1)
64,040
62,900
260,174
265,595
Cost of sales:
Products
35,238
34,697
144,996
148,164
Services
4,489
4,119
16,786
15,592
To ta l c o st o f s al e s
39,727
38,816
161,782
163,756
Gross margin
24,313
24,084
98,392
101,839
Operating expenses:
Research and development
4,110
3,750
16,217
14,236
Selling, general and administrative
4,578
4,216
18,245
16,705
To ta l o p er a ti n g e x pe n se s
8,688
7,966
34,462
30,941
Operating income
15,625
16,118
63,930
70,898
Other income/(expense), net
502
303
1,807
2,005
Income before provision for income taxes
16,127
16,421
65,737
72,903
Provision for income taxes
2,441
2,296
10,481
13,372
Net income
$
13,686
$
14,125
$
55,256
$
59,531
Earnings per share:
Basic
$
3.05
$
2.94
$
11. 97
$
12.01
Diluted
$
3.03
$
2.91
$
11. 89
$
11. 91
Shares used in computing earnings per share:
Basic
4,490,812
4,801,589
4,617,834
4,955,377
Diluted
4,520,373
4,847,547
4,648,913
5,000,109
(1) Net sales by reportable segment:
Americas
$
29,322
$
27,517
$
116 ,91 4
$
112 ,09 3
Europe
14,946
15,382
60,288
62,420
Greater China
11, 134
11, 411
43,678
51,942
Japan
4,982
5,161
21,506
21,733
Rest of Asia Pacific
3,656
3,429
17,788
17,407
To ta l n e t sales
$
64,040
$
62,900
$
260,174
$
265,595
(1) Net sales by category:
iPhone
$
33,362
$
36,755
$
142,381
$
164,888
Mac
6,991
7,340
25,740
25,198
iPad
4,656
3,983
21,280
18,380
Wearables, Home and Accessories
6,520
4,223
24,482
17,381
Services
12,511
10,599
46,291
39,748
To ta l n e t sales
$
64,040
$
62,900
$
260,174
$
265,595
