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WHY THE FORECAST INCOME HSVE DEACLINE IN THE 2022 AND 2023 OF APPLE COMPANY

WHY THE FORECAST INCOME HSVE DEACLINE IN THE 2022 AND 2023 OF APPLE COMPANY

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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WHY THE FORECAST INCOME HSVE DEACLINE IN THE 2022 AND 2023 OF APPLE COMPANY 

Income Statement 2023 2022 2021 2020 Net sales: Products $464,675 $371,740 $297,392 $220,747 Services 105210.28 84847 68,425 53,768 Total net sales $359,465 $286,893 365,817 274,515 Cost of sales: Products $533,595 $320,300 192,266 151,286 Services $23,993 $22,294 20,715 18,273 Total cost of sales $646,407 $371,042 212,981 169,559 Gross margin ($286,943) ($84,149) 152,836 104,956 Operating Expenses Research and development 25,528 23,652 21,914 18,752 Selling, general and administrative 25,727 23,776 21,973 19,916 Total operating expenses 51,255 47,428 43,887 38,668 Operating income (338,198) (131,578) 108,949 66,288 Other income/(expense), net $259 $259 258 803 Income before provision for income taxes $194,798 $145,854 109,207 67,091 Provision for income taxes $15,904.85 $15,200.32 14,527 9,680 Net income 35,350.20 32,227.80 $94,680 $57,411
Transcribed Image Text:Income Statement 2023 2022 2021 2020 Net sales: Products $464,675 $371,740 $297,392 $220,747 Services 105210.28 84847 68,425 53,768 Total net sales $359,465 $286,893 365,817 274,515 Cost of sales: Products $533,595 $320,300 192,266 151,286 Services $23,993 $22,294 20,715 18,273 Total cost of sales $646,407 $371,042 212,981 169,559 Gross margin ($286,943) ($84,149) 152,836 104,956 Operating Expenses Research and development 25,528 23,652 21,914 18,752 Selling, general and administrative 25,727 23,776 21,973 19,916 Total operating expenses 51,255 47,428 43,887 38,668 Operating income (338,198) (131,578) 108,949 66,288 Other income/(expense), net $259 $259 258 803 Income before provision for income taxes $194,798 $145,854 109,207 67,091 Provision for income taxes $15,904.85 $15,200.32 14,527 9,680 Net income 35,350.20 32,227.80 $94,680 $57,411
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