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,
2021
September 26,
2020
September 25,
2021
September 26,
2020
Net sales:
Products
$
65,083
$
50,149
$
297,392
$
220,747
Services
18,277
14,549
68,425
53,768
To ta l n e t s a l e s
(1)
83,360
64,698
365,817
274,515
Cost of sales:
Products
42,790
35,197
192,266
151,286
Services
5,396
4,812
20,715
18,273
To ta l c o s t o f s a l e s
48,186
40,009
212,981
169,559
Gross margin
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
To ta l o p e r a t i n g ex p e n s e s
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
2,697
2,228
14,527
9,680
Net income
$
20,551
$
12,673
$
94,680
$
57,411
Earnings per share:
Basic
$
1.25
$
0.74
$
5.67
$
3.31
Diluted
$
1.24
$
0.73
$
5.61
$
3.28
Shares used in computing earnings per share:
Basic
16,487,121
17,057,622
16,701,272
17,352,119
Diluted
16,635,097
17,256,521
16,864,919
17,528,214
(1) Net sales by reportable segment:
Americas
$
36,820
$
30,698
$
153,306
$
124,556
Europe
20,794
16,900
89,307
68,640
Greater China
14,563
7,9 4 6
68,366
40,308
Japan
5,991
5,023
28,482
21,418
Rest of Asia Pacific
5,192
4,131
26,356
19,593
To ta l n e t s a l e s
$
83,360
$
64,698
$
365,817
$
274,515
(1)
Net sales by category:
iPhone
$
38,868
$
26,444
$
191,973
$
137,781
Mac
9,178
9,032
35,190
28,622
iPad
8,252
6,797
31,862
23,724
Wea rabl es, Ho me a nd Acc esso rie s
8,785
7,8 7 6
38,367
30,620
Services
18,277
14,549
68,425
53,768
To ta l n e t s a l e s
$
83,360
$
64,698
$
365,817
$
274,515
