Apple 2013 Annual Report Download - page 80

Download and view the complete annual report

Please find page 80 of the 2013 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 96

  • 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
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96

Note 12 – 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 2013 and 2012 (in millions, except per share amounts):
Fourth Quarter Third Quarter Second Quarter First Quarter
2013
Net sales ................................ $37,472 $35,323 $43,603 $54,512
Gross margin ............................ $13,871 $13,024 $16,349 $21,060
Net income .............................. $ 7,512 $ 6,900 $ 9,547 $13,078
Earnings per share (a):
Basic ............................... $ 8.31 $ 7.51 $ 10.16 $ 13.93
Diluted ............................. $ 8.26 $ 7.47 $ 10.09 $ 13.81
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 (a):
Basic ............................... $ 8.76 $ 9.42 $ 12.45 $ 14.03
Diluted ............................. $ 8.67 $ 9.32 $ 12.30 $ 13.87
(a) 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.
78