Apple 2011 Annual Report Download - page 77

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Note 9 – 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 24,
2011 and September 25, 2010 (in millions, except 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.
75
Fourth Quarter
Third Quarter
Second Quarter
First Quarter
2011
Net sales
$
28,270
$
28,571
$
24,667
$
26,741
Gross margin
$
11,380
$
11,922
$
10,218
$
10,298
Net income
$
6,623
$
7,308
$
5,987
$
6,004
Earnings per common share:
Basic
$
7.13
$
7.89
$
6.49
$
6.53
Diluted
$
7.05
$
7.79
$
6.40
$
6.43
Fourth Quarter
Third Quarter
Second Quarter
First Quarter
2010
Net sales
$
20,343
$
15,700
$
13,499
$
15,683
Gross margin
$
7,512
$
6,136
$
5,625
$
6,411
Net income
$
4,308
$
3,253
$
3,074
$
3,378
Earnings per common share:
Basic
$
4.71
$
3.57
$
3.39
$
3.74
Diluted
$
4.64
$
3.51
$
3.33
$
3.67