|
Segment Information and Geographic Data (Tables)
|
12 Months Ended |
|
Sep. 27, 2014
|
| Summary Information by Operating Segment |
The following table shows information by operating
segment for 2014, 2013 and 2012 (in millions):
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
2014 |
|
|
2013 |
|
|
2012 |
|
|
Americas:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net sales
|
|
$ |
65,232 |
|
|
$ |
62,739 |
|
|
$ |
57,512 |
|
|
Operating income
|
|
$ |
24,316 |
|
|
$ |
22,817 |
|
|
$ |
23,414 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Europe:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net sales
|
|
$ |
40,929 |
|
|
$ |
37,883 |
|
|
$ |
36,323 |
|
|
Operating income
|
|
$ |
14,771 |
|
|
$ |
13,025 |
|
|
$ |
14,869 |
|
|
|
|
|
|
Greater China:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net sales
|
|
$ |
29,846 |
|
|
$ |
25,417 |
|
|
$ |
22,533 |
|
|
Operating income
|
|
$ |
11,016 |
|
|
$ |
8,541 |
|
|
$ |
9,843 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Japan:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net sales
|
|
$ |
14,982 |
|
|
$ |
13,462 |
|
|
$ |
10,571 |
|
|
Operating income
|
|
$ |
7,183 |
|
|
$ |
6,819 |
|
|
$ |
5,861 |
|
|
|
|
|
|
Rest of Asia Pacific:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net sales
|
|
$ |
10,344 |
|
|
$ |
11,181 |
|
|
$ |
10,741 |
|
|
Operating income
|
|
$ |
3,636 |
|
|
$ |
3,753 |
|
|
$ |
4,253 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Retail:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net sales
|
|
$ |
21,462 |
|
|
$ |
20,228 |
|
|
$ |
18,828 |
|
|
Operating income
|
|
$ |
4,575 |
|
|
$ |
4,025 |
|
|
$ |
4,613 |
|
|
| Reconciliation of Segment Operating Income to Consolidated Statements of Operations |
A reconciliation of the Company’s segment
operating income to the Consolidated Statements of Operations for
2014, 2013 and 2012, is as follows (in millions):
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
2014 |
|
|
2013 |
|
|
2012 |
|
|
Segment operating income
|
|
$ |
65,497 |
|
|
$ |
58,980 |
|
|
$ |
62,853 |
|
|
Research and development expense (1)
|
|
|
(4,825 |
) |
|
|
(3,558 |
) |
|
|
(2,713 |
) |
|
Share-based compensation expense
|
|
|
(2,863 |
) |
|
|
(2,253 |
) |
|
|
(1,740 |
) |
|
Other corporate expenses, net
|
|
|
(5,306 |
) |
|
|
(4,170 |
) |
|
|
(3,159 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total operating income
|
|
$ |
52,503 |
|
|
$ |
48,999 |
|
|
$ |
55,241 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
(1) |
Amount excludes research and development share-based compensation
expense.
|
|
|
| Total Assets by Segment and Reconciliation to Consolidated Balance Sheets |
The following table shows total assets by segment
and reconciliation to the Consolidated Balance Sheets as of
September 27, 2014 and September 28, 2013 (in
millions):
|
|
|
|
|
|
|
|
|
| |
|
2014 |
|
|
2013 |
|
|
Segment assets:
|
|
|
|
|
|
|
|
|
|
Americas
|
|
$ |
9,352 |
|
|
$ |
5,653 |
|
|
Europe
|
|
|
4,631 |
|
|
|
3,134 |
|
|
Greater China
|
|
|
3,172 |
|
|
|
2,943 |
|
|
Japan
|
|
|
3,106 |
|
|
|
2,932 |
|
|
Rest of Asia Pacific
|
|
|
908 |
|
|
|
923 |
|
|
Retail
|
|
|
3,626 |
|
|
|
3,329 |
|
|
|
|
|
|
|
|
|
|
|
Total segment assets
|
|
|
24,795 |
|
|
|
18,914 |
|
|
Corporate assets
|
|
|
207,044 |
|
|
|
188,086 |
|
|
|
|
|
|
|
|
|
|
|
Total assets
|
|
$ |
231,839 |
|
|
$ |
207,000 |
|
|
|
|
|
|
|
|
|
|
|
| Net Sales |
Net sales for 2014, 2013 and 2012 are as follows
(in millions):
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
2014 |
|
|
2013 |
|
|
2012 |
|
|
Net sales:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
U.S.
|
|
$ |
68,909 |
|
|
$ |
66,197 |
|
|
$ |
60,949 |
|
|
China (1)
|
|
|
30,638 |
|
|
|
25,946 |
|
|
|
22,797 |
|
|
Other countries
|
|
|
83,248 |
|
|
|
78,767 |
|
|
|
72,762 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total net sales
|
|
$ |
182,795 |
|
|
$ |
170,910 |
|
|
$ |
156,508 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
(1) |
China
includes Hong Kong.
|
|
| Long-Lived Assets |
Long-lived assets
as of September 27, 2014 and September 28, 2013 are as
follows (in millions):
|
|
|
| |
|
2014 |
|
|
2013 |
|
|
|
|
|
Long-lived assets:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
U.S.
|
|
$ |
9,108 |
|
|
$ |
7,399 |
|
|
|
|
|
|
China (1)
|
|
|
9,477 |
|
|
|
7,403 |
|
|
|
|
|
|
Other countries
|
|
|
2,917 |
|
|
|
2,786 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total long-lived assets
|
|
$ |
21,502 |
|
|
$ |
17,588 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
(1) |
China
includes Hong Kong. Long-lived assets located in China consist
primarily of product tooling and manufacturing process equipment
and assets related to retail stores and related infrastructure.
|
|
| Net Sales by Product |
Information regarding net sales by product for
2014, 2013 and 2012, is as follows (in millions):
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
2014 |
|
|
2013 |
|
|
2012 |
|
|
Net Sales by Product:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
iPhone (1)
|
|
$ |
101,991 |
|
|
$ |
91,279 |
|
|
$ |
78,692 |
|
|
iPad (1)
|
|
|
30,283 |
|
|
|
31,980 |
|
|
|
30,945 |
|
|
Mac (1)
|
|
|
24,079 |
|
|
|
21,483 |
|
|
|
23,221 |
|
|
iPod (1)
|
|
|
2,286 |
|
|
|
4,411 |
|
|
|
5,615 |
|
|
iTunes, Software and Services (2)
|
|
|
18,063 |
|
|
|
16,051 |
|
|
|
12,890 |
|
|
Accessories (3)
|
|
|
6,093 |
|
|
|
5,706 |
|
|
|
5,145 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total net sales
|
|
$ |
182,795 |
|
|
$ |
170,910 |
|
|
$ |
156,508 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
(1) |
Includes deferrals and amortization of related non-software
services and software upgrade rights.
|
|
| |
(2) |
Includes revenue from the iTunes Store, the App Store, the Mac App
Store, the iBooks Store, AppleCare, licensing and other
services.
|
|
| |
(3) |
Includes sales of Apple-branded and third-party accessories for
iPhone, iPad, Mac and iPod.
|
|
|