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Selected Quarterly Financial Information (Unaudited)
12 Months Ended
Sep. 24, 2011
Selected Quarterly Financial Information (Unaudited)

Note 9 – Selected Quarterly Financial Information (Unaudited)

The following tables set forth a summary of the Company’s quarterly financial information for each of the four quarters ended September 24, 2011 and September 25, 2010 (in millions, except per share amounts):

 

     Fourth Quarter      Third Quarter      Second Quarter      First Quarter  

2011

           

Net sales

   $ 28,270       $ 28,571       $ 24,667       $ 26,741   

Gross margin

   $ 11,380       $ 11,922       $ 10,218       $ 10,298   

Net income

   $ 6,623       $ 7,308       $ 5,987       $ 6,004   

Earnings per common share:

           

Basic

   $ 7.13       $ 7.89       $ 6.49       $ 6.53   

Diluted

   $ 7.05       $ 7.79       $ 6.40       $ 6.43   

 

     Fourth Quarter      Third Quarter      Second Quarter      First Quarter  

2010

           

Net sales

   $ 20,343       $ 15,700       $ 13,499       $ 15,683   

Gross margin

   $ 7,512       $ 6,136       $ 5,625       $ 6,411   

Net income

   $ 4,308       $ 3,253       $ 3,074       $ 3,378   

Earnings per common share:

           

Basic

   $ 4.71       $ 3.57       $ 3.39       $ 3.74   

Diluted

   $ 4.64       $ 3.51       $ 3.33       $ 3.67   

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.