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Apple Inc CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

Three Months Ended Twelve Months Ended Net sales: Products Services Total net sales (1) Cost of sales: Products Services Total cost of sales Gross margin September 26 2020 $ 50149 14549 64698 35197 4812 40009 24689 September 28 2019 $ 51529 12511 64040

PDF	Apple Inc CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS Total net sales (1) 64040 62900 260174 265595 Cost of sales: Products 35238 34697 144996 148164 Services 4489 4119 16786 15592 Total cost of sales 39727 38816 161782 163756 Gross margin 24313 24084 98392 101839 Operating expenses:

Why did China's iPhone sales decline?
Apple chief financial officer Luca Maestri played down the decline in China sales, blaming it in part on a stronger dollar. He said the installed base of iPhones in the country hit a new all-time record, and the company had “solid growth on upgraders on a year-over-year basis”. Net income in the quarter was $33.9bn, from $30bn a year ago.
How much money does Apple make a year?
Apple sold over 1.4 million iPhones resulting in a revenue of $630 million, in 2007. Although Apple has diversified its product line, iPhone remains to be the money maker for Apple. In 2021, Apple generated $192 billion in revenue from the sales of iPhones, an increase of nearly 40% as compared to the revenue of $137 billion in 2020.
How did foreign currency affect iPhone sales in 2019?
The weakness in foreign currencies relative to the U.S. dollar had an unfavorable impact on Americas net sales during 2019. Europe net sales decreased during 2019 compared to 2018 due to lower iPhone net sales, partially offset by higher Wearables, Home and Accessories and Services net sales.
How did iPhone sales perform in Q4 2019?
iPhone sales slid once again in Q4 2019, with Apple posting revenues of $33.4 billion, a 9.2% decrease compared to last year’s $36.8 billion. It’s less of a drop than the company experienced in previous quarters, but it’s still distressing in a quarter that saw the launch of the iPhone 11 and iPhone 11 Pro.

PDF	Apple Inc. CONDENSED CONSOLIDATED STATEMENTS OF 2019. June 30. 2018. June 29

PDF	Apple Inc. CONDENSED CONSOLIDATED STATEMENTS OF 11429. Rest of Asia Pacific. 7

PDF	Apple Inc. CONDENSED CONSOLIDATED STATEMENTS OF 2019. September 26. 2020. September 28

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PDF	Apple Inc. - CONDENSED CONSOLIDATED STATEMENTS OF 30-Jul-2020 2019. June 27. 2020. June 29

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