Net sales Cost of sales Gross margin Apple Inc. Consolidated Statements of Operations (in millions, except...

   

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Net sales Cost of sales Gross margin Apple Inc. Consolidated Statements of Operations (in millions, except number of shares which are reflected in thousands and per share amounts) Years ended September 29, September 30, September 24, 2018 2017 2016 Operating expenses: Research and development Selling, general and administrative Total operating expenses $ 265,595 163,756 101,839 14,236 16,705 30,941 $ 229,234 141,048 88,186 11,581 15,261 26,842 $ 215,639 131,376 84,263 10,045 14,194 24,239 Operating income Other income/(expense), net Income before provision for income taxes Provision for income taxes Net income Earnings per share: Basic Diluted Shares used in computing earnings per share: Basic Diluted $ $ $ 70,898 2,005 72,903 13,372 59,531 12.01 11.91 4,955,377 5,000,109 See accompanying Notes to Consolidated Financial Statements. $ 61,344 2,745 64,089 15,738 48,351 $ 9.27 $ 9.21 5,217,242 5,251,692 60,024 1,348 61,372 15,685 $ 45,687 $ 8.35 $ 8.31 5,470,820 5,500,281 What is the amount of the change in Apple's net income from 2017 to 2018? (Enter the amount in millions.) Net income increased ✓ from 2017 to 2018 $ LA 13653 Net sales Cost of sales Gross margin Apple Inc. Consolidated Statements of Operations (in millions, except number of shares which are reflected in thousands and per share amounts) Years ended September 29, September 30, September 24, 2018 2017 2016 Operating expenses: Research and development Selling, general and administrative Total operating expenses $ 265,595 163,756 101,839 14,236 16,705 30,941 $ 229,234 141,048 88,186 11,581 15,261 26,842 $ 215,639 131,376 84,263 10,045 14,194 24,239 Operating income Other income/(expense), net Income before provision for income taxes Provision for income taxes Net income Earnings per share: Basic Diluted Shares used in computing earnings per share: Basic Diluted $ $ $ 70,898 2,005 72,903 13,372 59,531 12.01 11.91 4,955,377 5,000,109 See accompanying Notes to Consolidated Financial Statements. $ 61,344 2,745 64,089 15,738 48,351 $ 9.27 $ 9.21 5,217,242 5,251,692 60,024 1,348 61,372 15,685 $ 45,687 $ 8.35 $ 8.31 5,470,820 5,500,281 What is the amount of the change in Apple's net income from 2017 to 2018? (Enter the amount in millions.) Net income increased ✓ from 2017 to 2018 $ LA 13653