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367
677
1,305
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Apple Inc.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) (In millions, except number of shares which are reflected in thousands and per share amounts)Three Months Ended
Nine Months Ended
June 27,
2020June 29,
2019June 27,
2020June 29,
2019Net sales:
Products
$ 46,529 $ 42,354 $ 170,598 $ 162,354Services 13,156
11,455
39,219
33,780
Total net sales
(1)59,685
53,809
209,817
196,134
Cost of sales:
Products
32,693
29,473
116,089
109,758
Services 4,312
4,10913,461
12,297
Total cost of sales
37,005
33,582
129,550
122,055
Gross margin
22,680
20,227
80,267
74,079
Operating expenses:
Research and development
4,758 4,25713,774
12,107
Selling, general and administrative
4,831 4,42614,980
13,667
Total operating expenses
9,589 8,68328,754
25,774
Operating income
13,091
11,544
51,513
48,305
Other income/(expense), net
46367
677
1,305