Apple 2001 Annual Report Download - page 13

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Results of Operations
amounts):
15
Net Sales
Net sales for geographic segments and Macintosh unit sales by geographic segment and by product follow (net sales in millions and Macintosh
unit sales in thousands):
2001
Change
2000
Change
1999
Net sales
$
5,363
(33
)%
$
7,983
30
%
$
6,134
Macintosh CPU unit sales (in thousands)
3,087
(32
)%
4,558
32
%
3,448
Gross margin
$
1,235
(43
)%
$
2,166
28
%
$
1,696
Percentage of net sales
23%
27%
28
%
Research and development
$
430
13
%
$
380
21
%
$
314
Percentage of net sales
8%
5%
5
%
Selling, general and administrative
$
1,138
(2
)%
$
1,166
17
%
$
996
Percentage of net sales
21%
15%
16
%
Operating income (loss) before special charges
$
(333
)
(154
)%
$
620
61
%
$
386
Special charges:
In
-
process research and development
$
11
$
—
$
—
Restructuring costs
$
—
$
8
$
27
Special charges
$
—
$
90
$
—
Operating income (loss)
$
(344
)
(166
)%
$
522
45
%
$
359
Gains on non
-
current investments, net
$
88
$
367
$
230
Unrealized loss on convertible securities
$
(13
)
$
—
$
—
Interest and other income, net
$
217
7
%
$
203
133
%
$
87
Provision for (benefit from) income taxes
$
(15
)
(105
)%
$
306
308
%
$
75
Net income (loss) before accounting change
$
(37
)
(105
)%
$
786
31
%
$
601
Effect of accounting change
$
12
$
—
$
—
Net income (loss)
$
(25
)
(103
)%
$
786
31
%
$
601
Earnings (loss) per common share before accounting change:
Basic
$
(0.11
)
(105
)%
$
2.42
15
%
$
2.10
Diluted
$
(0.11
)
(105
)%
$
2.18
20
%
$
1.81
Earnings (loss) per common share:
Basic
$
(0.07
)
(103
)%
$
2.42
15
%
$
2.10
Diluted
$
(0.07
)
(103
)%
$
2.18
20
%
$
1.81
2001
Change
2000
Change
1999
Americas net sales
$
2,996
(30
)%
$
4,298
22
%
$
3,527
Europe net sales
1,249
(31
)%
1,817
38
%
1,317
Japan net sales
713
(47
)%
1,345
57
%
858
Other segments net sales
405
(23
)%
523
21
%
432
Total net sales $
5,363
(33
)% $
7,983
30
% $
6,134
Americas Macintosh unit sales
1,768
(29
)%
2,507
24
%
2,021
Europe Macintosh unit sales
754
(32
)%
1,110
53
%
724
Japan Macintosh unit sales
394
(46
)%
730
39
%
524
Other segments Macintosh unit sales
171
(19
)%
211
18
%
179
Total Macintosh unit sales
3,087
(32
)%
4,558
32
%
3,448
Power Macintosh unit sales (a)
937
(35
)%
1,436
11
%
1,296
PowerBook unit sales
346
(10
)%
383
11
%
344
iMac unit sales
1,208
(45
)%
2,194
22
%
1,802