Apple 2012 Annual Report Download - page 75

Download and view the complete annual report

Please find page 75 of the 2012 Apple annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 88

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88

Note 9 – Selected Quarterly Financial Information (Unaudited)
The following tables show a summary of the Company’s quarterly financial information for each of the four
quarters of 2012 and 2011 (in millions, except per share amounts):
Fourth Quarter Third Quarter Second Quarter First Quarter
2012
Net sales ................................ $35,966 $35,023 $39,186 $46,333
Gross margin ............................ $14,401 $14,994 $18,564 $20,703
Net income .............................. $ 8,223 $ 8,824 $11,622 $13,064
Earnings per share:
Basic ............................... $ 8.76 $ 9.42 $ 12.45 $ 14.03
Diluted ............................. $ 8.67 $ 9.32 $ 12.30 $ 13.87
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 share:
Basic ............................... $ 7.13 $ 7.89 $ 6.49 $ 6.53
Diluted ............................. $ 7.05 $ 7.79 $ 6.40 $ 6.43
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.
74