Compute Apple's profit margin for the year ended September 24, 2022. Express amount in decimal form, rounded 3 digits (e.g., express 7.3% as 0.073)
 

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Net sales: Products Services Total net sales Cost of sales: Apple Inc. CONSOLIDATED STATEMENTS OF OPERATIONS (In millions, except number of shares which are reflected in thousands and per share amounts) $ September 24, 2022 Years ended September 25, 2021 September 26, 2020 316,199 $ 297,392 $ 78,129 68,425 394,328 365,817 220,747 53,768 274,515 Products Services Total cost of sales Gross margin Operating expenses: Research and development Selling, general and administrative Total operating expenses 201,471 192,266 151,286 22,075 20,715 18,273 223,546 212,981 169,559 170,782 152,836 104,956 26,251 21,914 18,752 25,094 21,973 19,916 51,345 43,887 38,668 Operating income 119,437 108,949 66,288 Other income/(expense), net (334) 258 803 Income before provision for income taxes 119,103 109,207 67,091 Provision for income taxes 19,300 14,527 9,680 Net income 99,803 $ 94,680 $ 57,411 Net sales: Products Services Total net sales Cost of sales: Apple Inc. CONSOLIDATED STATEMENTS OF OPERATIONS (In millions, except number of shares which are reflected in thousands and per share amounts) $ September 24, 2022 Years ended September 25, 2021 September 26, 2020 316,199 $ 297,392 $ 78,129 68,425 394,328 365,817 220,747 53,768 274,515 Products Services Total cost of sales Gross margin Operating expenses: Research and development Selling, general and administrative Total operating expenses 201,471 192,266 151,286 22,075 20,715 18,273 223,546 212,981 169,559 170,782 152,836 104,956 26,251 21,914 18,752 25,094 21,973 19,916 51,345 43,887 38,668 Operating income 119,437 108,949 66,288 Other income/(expense), net (334) 258 803 Income before provision for income taxes 119,103 109,207 67,091 Provision for income taxes 19,300 14,527 9,680 Net income 99,803 $ 94,680 $ 57,411