Apple 2014 Annual Report Download - page 82

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Information regarding net sales by product for 2014, 2013 and 2012, is as follows (in millions):
2014 2013 2012
Net Sales by Product:
iPhone (1) $101,991 $ 91,279 $ 78,692
iPad (1) 30,283 31,980 30,945
Mac (1) 24,079 21,483 23,221
iPod (1) 2,286 4,411 5,615
iTunes, Software and Services (2) 18,063 16,051 12,890
Accessories (3) 6,093 5,706 5,145
Total net sales $182,795 $170,910 $156,508
(1) Includes deferrals and amortization of related non-software services and software upgrade rights.
(2) Includes revenue from the iTunes Store, the App Store, the Mac App Store, the iBooks Store, AppleCare, licensing and
other services.
(3) Includes sales of Apple-branded and third-party accessories for iPhone, iPad, Mac and iPod.
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 2014 and
2013 (in millions, except per share amounts):
Fourth Quarter Third Quarter Second Quarter First Quarter
2014:
Net sales $42,123 $37,432 $45,646 $57,594
Gross margin $16,009 $14,735 $17,947 $21,846
Net income $ 8,467 $ 7,748 $10,223 $13,072
Earnings per share (1):
Basic $ 1.43 $ 1.29 $ 1.67 $ 2.08
Diluted $ 1.42 $ 1.28 $ 1.66 $ 2.07
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 (1):
Basic $ 1.19 $ 1.07 $ 1.45 $ 1.99
Diluted $ 1.18 $ 1.07 $ 1.44 $ 1.97
(1) 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.
Apple Inc. | 2014 Form 10-K | 80