Apple 2007 Annual Report Download - page 94

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Note 11—Selected Quarterly Financial Information (Unaudited)
The following tables set forth a summary of the Company's quarterly financial information for each of the four quarters ended September 29,
2007 and September 30, 2006 (in millions, except share and per share amounts):
Basic and diluted earnings per share are computed independently for each of the quarters presented. Therefore, the sum of quarterly basic and
diluted per share information may not equal annual basic and diluted earnings per share.
90
Fourth Quarter
Third Quarter
Second Quarter
First Quarter
2007
Net sales
$
6,217
$
5,410
$
5,264
$
7,115
Gross margin
$
2,090
$
1,995
$
1,849
$
2,220
Net income
$
904
$
818
$
770
$
1,004
Earnings per common share:
Basic
$
1.04
$
0.94
$
0.89
$
1.17
Diluted
$
1.01
$
0.92
$
0.87
$
1.14
2006
Net sales
$
4,837
$
4,370
$
4,359
$
5,749
Gross margin
$
1,412
$
1,325
$
1,297
$
1,564
Net income
$
542
$
472
$
410
$
565
Earnings per common share:
Basic
$
0.63
$
0.55
$
0.49
$
0.68
Diluted
$
0.62
$
0.54
$
0.47
$
0.65