AAPL

Apple Inc.

v3.25.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 6 Months Ended
Mar. 29, 2025
Mar. 30, 2024
Mar. 29, 2025
Mar. 30, 2024
Net sales $ 95,359 $ 90,753 $ 219,659 $ 210,328
Cost of sales 50,492 48,482 116,517 113,202
Gross margin 44,867 42,271 103,142 97,126
Operating expenses:        
Research and development 8,550 7,903 16,818 15,599
Selling, general and administrative 6,728 6,468 13,903 13,254
Total operating expenses 15,278 14,371 30,721 28,853
Operating income 29,589 27,900 72,421 68,273
Other income/(expense), net (279) 158 (527) 108
Income before provision for income taxes 29,310 28,058 71,894 68,381
Provision for income taxes 4,530 4,422 10,784 10,829
Net income $ 24,780 $ 23,636 $ 61,110 $ 57,552
Earnings per share:        
Basic (in dollars per share) $ 1.65 $ 1.53 $ 4.06 $ 3.72
Diluted (in dollars per share) $ 1.65 $ 1.53 $ 4.05 $ 3.71
Shares used in computing earnings per share:        
Basic (in shares) 14,994,082 15,405,856 15,037,903 15,457,810
Diluted (in shares) 15,056,133 15,464,709 15,103,499 15,520,675
Products        
Net sales $ 68,714 $ 66,886 $ 166,674 $ 163,344
Cost of sales 44,030 42,424 103,477 100,864
Services        
Net sales 26,645 23,867 52,985 46,984
Cost of sales $ 6,462 $ 6,058 $ 13,040 $ 12,338