Instruction fiscale stock options 2016

Exact name of registrant as specified in its charter. Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule of the Securities Act. Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. Do not check if a smaller reporting company. Indicate by check mark whether the registrant is a shell company as defined in Rule 12b-2 of the Act.

Solely for purposes of this disclosure, shares of common stock held by executive officers and directors of the registrant as of such date have been excluded because such persons may be deemed to be affiliates. This determination of executive officers and directors as affiliates is not necessarily a conclusive determination for any other purposes.

The Proxy Statement will be filed with the U. Securities and Exchange Commission within days after the end of the fiscal year to which this report relates. Table of Contents Apple Inc. Quantitative and Qualitative Disclosures About Market Risk.

Financial Statements and Supplementary Data. Changes in and Disagreements With Accountants on Accounting and Financial Disclosure. Directors, Executive Officers and Corporate Governance. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters.

Certain Relationships and Related Transactions and Director Independence. Principal Accounting Fees and Services.

Instruction fiscale stock options

Exhibits, Financial Statement Schedules. The Company assumes no obligation to revise or update any forward-looking statements for any reason, except as required by law. The Company designs, manufactures, and markets mobile communication and media devices, personal computers, and portable digital music players, and sells a variety of related software, services, peripherals, networking solutions, and third-party digital content and applications.

The Company sells its products worldwide through its retail stores, online stores, and direct sales force, as well as through third-party cellular network carriers, wholesalers, retailers, and value-added resellers.

In addition, the Company sells a variety of third-party iPhone, iPad, Mac and iPod compatible products, including application software, and various accessories, through its online and retail stores. The Company is a California corporation established in The Company is committed to bringing the best user experience to its customers through its innovative hardware, software and services.

The Company believes continual investment in research and development, marketing and advertising is critical to the development and sale of innovative products and technologies. As part of its strategy, the Company continues to expand its platform for the discovery and delivery of third-party digital content and applications through the iTunes Store. Table of Contents Business Organization.

The Company manages its business primarily on a geographic basis. Accordingly, the Company determined its reportable operating segments, which are generally based on the nature and location of its customers, to be the Americas, Europe, Japan, Greater China, Rest of Asia Pacific and Retail.

The Americas segment includes both North and South America. The Europe segment includes European countries, as well as India, the Middle East and Africa. The Greater China segment includes China, Hong Kong and Taiwan. The Retail segment operates Apple retail stores in 13 countries, including the U. Each operating segment provides similar hardware and software products and similar services. The latest versions, introduced in Septemberare iPhone 5c and iPhone 5s.

In addition to apps delivered with iOS for qualifying devices, beginning in SeptemberiPhoto, iMovie and iWork apps for iOS became available as free downloads with all new iPads. All iPods work with iTunes to purchase and synchronize content. Table of Contents and video camera and photo library app, and also includes Siri. In addition to apps delivered with iOS, beginning in SeptemberiPhoto, iMovie and iWork apps for iOS became available as free downloads for all new iPod touches.

The iTunes Store allows users to purchase and download music and TV shows and to rent or purchase movies. The iTunes Store also includes hundreds of thousands of free Podcasts on a multitude of subjects.

The App Store allows customers to discover and download apps and purchase in-app content. The iBooks Store features e-books from major and independent publishers. The Mac App Store allows customers to discover, download and install Mac apps.

The Mac App Store offers applications in education, games, graphics and design, lifestyle, productivity, utilities and other categories. Users can sign up for free access to iCloud using a device running qualifying versions of iOS or OS X. Apps delivered with iOS for qualifying devices include Safari web browser, FaceTime video calling, Maps with turn-by-turn directions, Mail, Contacts, Calendar, Clock, Weather, Calculator, Notes, Reminders, Stocks, Compass, and Messages.

OS X Mavericks, released in Octoberis the tenth major release of OS X. Support for iCloud is built into OS X so users can access content and information from their other Macs, their iOS devices and other supported devices and access downloaded content and apps from the. Table of Contents iTunes Store.

The Company also has Multi-Touch versions of these iLife applications designed specifically for use on iPhone and iPad, and beginning in Septemberboth iPhoto and iMovie for iOS became available as free downloads with all new iOS devices. Beginning in Octoberthe iWork suite of apps for OS X will be available as free downloads with all new Macs.

The Company also has iOS Multi-Touch versions of each iWork application designed specifically for use on iOS devices and, beginning in Septemberthey all became available as free downloads with all new iOS devices.

The Company also sells a variety of Apple-branded and third-party Mac-compatible and iOS-compatible peripheral products, including printers, storage devices, computer memory, digital video and still cameras, pointing devices, and various other computing products and supplies.

Content from Netflix, YouTube, Flickr, MLB, Hulu Plus, iTunes Radio and other media services is also available. Compatible Mac and iOS devices can also mirror their device screens as well as stream and play games on Apple TV. Xcode includes project management tools; analysis tools to collect, display and compare app performance data; simulation tools to locally run, test, and debug apps; tools to simplify the design and development of user interfaces; and the latest software.

Table of Contents development kits for iOS and OS X. Product Support and Services. APP is a fee-based service that typically includes two to three years of phone support, hardware repairs and dedicated web-based support resources. The Company sells its products and resells third-party products in most of its major markets directly to consumers and SMBs through its retail and online stores and its direct sales force.

The Company also employs a variety of indirect distribution channels, such as third-party cellular network carriers, wholesalers, retailers, and value-added resellers. The Company believes that sales of its innovative and differentiated products are enhanced by knowledgeable salespersons who can convey the value of the hardware and software integration, and demonstrate the unique solutions that are available on its products.

The Company further believes providing direct contact with its targeted customers is an effective way to demonstrate the advantages of its products over those of its competitors and providing a high-quality sales and after-sales support experience is critical to attracting new and retaining existing customers. To ensure a high-quality buying experience for its products in which service and education are emphasized, the Company continues to expand and improve its distribution capabilities by expanding the number of its own retail stores worldwide.

By operating its own stores and locating them in desirable high-traffic locations the Company is better positioned to ensure a high quality customer buying experience and attract new customers. The Company has also invested in programs to enhance reseller sales by placing high quality Apple fixtures, merchandising materials and other resources within selected third-party reseller locations.

Through the Apple Premium Reseller Program, certain third-party resellers focus on the Apple platform by providing a high level of product expertise, integration and support services. The Company is committed to delivering solutions to help educators teach and students learn. The Company believes effective integration of technology into classroom instruction can result in higher levels of student achievement and has designed a range of products, services and programs to address the needs of education customers.

The Company sells its products to the education market through its direct sales force, select third-party resellers and its online and retail stores. Table of Contents The Company also sells its hardware and software products to enterprise and government customers in each of its geographic segments.

These markets are characterized by frequent product introductions and rapid technological advances that have substantially increased the capabilities and use of mobile communication and media devices, personal computers, and other digital electronic devices. The Company is focused on expanding its market opportunities related to personal computers and mobile communication and media devices. These markets are highly competitive and include many large, well-funded and experienced participants.

These markets are characterized by aggressive pricing practices, frequent product introductions, evolving design approaches and technologies, rapid adoption of technological and product advancements by competitors, and price sensitivity on the part of consumers and businesses. The Company believes it offers superior innovation and integration of the entire solution including the hardware iPhone, iPad, Mac, and iPodsoftware iOS, OS X and iTunesonline services, and distribution of digital content and applications iTunes Store, App Store, iBooks Store and Mac App Store.

In addition, the Company competes for various components with other participants in the markets for mobile communication and media devices and personal computers. Table of Contents The Company uses some custom components that are not commonly used by its competitors, and new products introduced by the Company often utilize custom components available from only one source.

The Company has entered into various agreements for the supply of components; however, there can be no guarantee that the Company will be able to extend or renew these agreements on similar terms, or at all. Therefore, the Company remains subject to significant risks of supply shortages and price increases that can materially adversely affect its financial condition and operating results.

A significant concentration of this manufacturing is currently performed by a small number of outsourcing partners, often in single locations. The Company continues to develop new technologies to enhance existing products and to expand the range of its product offerings through research and development, licensing of intellectual property and acquisition of third-party businesses and technology. Patents, Trademarks, Copyrights and Licenses.

The Company currently holds rights to patents and copyrights relating to certain aspects of its iPhone, iPad, Mac and iPod devices, peripherals, software and services. The Company has registered or has applied for trademarks and service marks in the U. Although the Company believes the ownership of such patents, copyrights, trademarks and service marks is an important factor in its business and that its success does depend in part on the ownership thereof, the Company relies primarily on the innovative skills, technical competence and marketing abilities of its personnel.

The Company regularly files patent applications to protect innovations arising from its research, development and design, and is currently pursuing thousands of patent applications around the world. Over time, the Company has accumulated a large portfolio of issued patents in the U. The Company holds copyrights relating to certain aspects of its products and services. The Company believes the duration of its patents is adequate relative to the expected lives of its products.

It may be necessary in the future to seek or renew licenses relating to various aspects of its products, processes and services. While the Company has generally been able to obtain such licenses on commercially reasonable terms in the past, there is no guarantee that such licenses could be obtained in the future on reasonable terms or at all.

From time to time, the Company has been notified that it may be infringing certain patents or other intellectual property rights of third parties.

Employee Stock Option Taxes: What You Need to Know

Foreign and Domestic Operations and Geographic Data. The supply and manufacture of a number of components is performed by sole-sourced outsourcing partners in the U.

Business Seasonality and Product Introductions. The Company has historically experienced higher net sales in its first quarter compared to other quarters in its fiscal year due in part to seasonal holiday demand.

Additionally, new product introductions can significantly impact net sales, product costs and operating expenses. Net sales can also be affected when consumers and distributors anticipate a product introduction.

The Company offers a limited parts and labor warranty on most of its hardware products. The basic warranty period is typically one year from the date of purchase by the original end-user. In particular, backlog often increases in anticipation of or immediately following new product introductions as customers anticipate shortages. Backlog is often reduced once customers believe they can obtain sufficient supply.

Table of Contents Employees. The Company is subject to the informational requirements of the Exchange Act and files or furnishes reports, proxy statements, and other information with the SEC. The public may obtain information on the operation of the Public Reference Room by calling the SEC at SEC The SEC maintains an Internet site that contains reports, proxy and information statements and other information regarding issuers that file electronically with the SEC at www.

The contents of these websites are not incorporated into this filing. The following discussion of risk factors contains forward-looking statements. These risk factors may be important to understanding any statement in this Form K or elsewhere. Global and regional economic conditions could materially adversely affect the Company. Other factors that could influence worldwide or regional demand include increases in fuel and other energy costs, conditions in the real estate and mortgage markets, unemployment, labor and healthcare costs, access to credit, consumer confidence, and other macroeconomic factors affecting consumer spending behavior.

The Company believes it is unique in that it designs and develops nearly the entire solution for its products, including the hardware, operating system, numerous software applications, and related services. As a result, the Company must make significant investments in research and development. The Company markets certain mobile communication and media devices based on the iOS mobile operating system and also markets related third-party digital content and applications. The Company faces substantial competition in these markets from companies that have significant technical, marketing, distribution and other resources, as well as established hardware, software and digital content supplier relationships; and the Company has a minority market share in the smartphone market.

The Company also competes with illegitimate ways to obtain third-party digital content and applications. The Company is the only authorized maker of hardware using OS X, which has a minority market share in the personal computer market. This market is dominated by computer makers using competing operating systems, most notably Windows.

Régime fiscal de la contribution salariale sur les stock-options

In the market for personal computers and peripherals, the Company faces a significant number of competitors, many of which have broader product lines, lower priced products, and a larger installed. Table of Contents customer base. Historically, consolidation in this market has resulted in larger competitors. Price competition has been particularly intense as competitors selling Windows-based personal computers have aggressively cut prices and lowered product margins.

There can be no assurance the Company will be able to continue to provide products and services that compete effectively. To remain competitive and stimulate customer demand, the Company must successfully manage frequent product introductions and transitions. Due to the highly volatile and competitive nature of the industries in which the Company competes, the Company must continually introduce new products, services and technologies, enhance existing products and services, and effectively stimulate customer demand for new and upgraded products.

Accordingly, the Company cannot determine in advance the ultimate effect of new product introductions and transitions. The Company depends on the performance of distributors, carriers and other resellers. The Company distributes its products through cellular network carriers, wholesalers, national and regional retailers, and value-added resellers, many of whom distribute products from competing manufacturers. The Company also sells its products and third-party products in most of its major markets directly to education, enterprise and government customers, and consumers and small and mid-sized businesses through its online and retail stores.

Many resellers have narrow operating margins and have been adversely affected in the past by weak economic conditions. These programs could require a substantial investment while providing no assurance of return or incremental revenue. The Company faces substantial inventory and other asset risk in addition to purchase commitment cancellation risk. The Company records a write-down for product and component inventories that have become obsolete or exceed anticipated demand or net realizable value and accrues necessary cancellation fee reserves for orders of excess products and components.

Table of Contents carrying amount of an asset may not be recoverable. If the Company determines that impairment has occurred, it records a write-down equal to the amount by which the carrying value of the assets exceeds its fair value. Although the Company believes its provisions related to inventory, capital assets, inventory prepayments and other assets and purchase commitments are currently adequate, no assurance can be given that the Company will not incur additional related charges given the rapid and unpredictable pace of product obsolescence in the industries in which the Company competes.

The Company must order components for its products and build inventory in advance of product announcements and shipments. Consistent with industry practice, components are normally acquired through a combination of purchase orders, supplier contracts, and open orders, in each case based on projected demand. Purchase commitments typically cover forecasted component and manufacturing requirements for periods up to days.

Because the Company currently obtains components from single or limited sources, the Company is subject to significant supply and pricing risks. Many components, including those that are available from multiple sources, are at times subject to industry-wide shortages and significant commodity pricing fluctuations.

While the Company has entered into various agreements for the supply of components, there can be no assurance that the Company will be able to extend or renew these agreements on similar terms, or at all. Therefore, the Company remains subject to significant risks of supply shortages and price increases.

The Company and other participants in the markets for mobile communication and media devices and personal computers also compete for various components with other industries that have experienced increased demand for their products. The Company uses some custom components that are not common to the rest of these industries.

The supply of components for a new or existing product could be delayed or constrained, or a key manufacturing vendor could delay shipments of completed products to the Company.

The Company depends on component and product manufacturing and logistical services provided by outsourcing partners, many of whom are located outside of the U. The Company has also outsourced much of its transportation and logistics management.

Although arrangements with these partners may contain provisions for warranty expense reimbursement, the Company may remain responsible to the consumer for warranty service in the event of product defects and could experience an unanticipated product defect or warranty liability. While the Company relies on its partners to adhere to its supplier code of conduct, material violations of the supplier code of conduct could occur.

The Company relies on sole-sourced outsourcing partners in the U. In addition, manufacturing or logistics in these locations or transit to final destinations may be disrupted for a variety of reasons including, but not limited to, natural and man-made disasters, information technology system failures, commercial disputes, military actions or economic, business, labor, environmental, public health, or political issues.

The Company has invested in manufacturing process equipment, much of which is held at certain of its outsourcing partners, and has made prepayments to certain of its suppliers associated with long-term supply agreements. While these arrangements help ensure the supply of components and finished goods, if these outsourcing partners or suppliers experience severe financial problems or other disruptions in their business, the net realizable value of these assets could be negatively impacted.

The Company sells complex hardware and software products and services that can contain design and manufacturing defects. Defects may also occur in components and products the Company purchases from third parties. There can be no assurance the Company will be able to detect and fix all defects in the hardware, software and services it sells.

The Company relies on access to third-party digital content, which may not be available to the Company on commercially reasonable terms or at all. The Company contracts with numerous third parties to offer their digital content through the iTunes Store. This includes the right to make available music, movies, TV shows and books currently available through the iTunes Store.

The licensing arrangements with these third parties are short-term and do not guarantee the continuation or renewal of these arrangements on reasonable terms, if at all. Some third-party content providers and distributors currently or in the future may offer competing products and services, and could take action to make it more difficult or impossible for the Company to license their content in the future. The Company may be unable to continue to offer a wide variety of content at reasonable prices with acceptable usage rules, or continue to expand its geographic reach.

Some third-party digital content providers require the Company to provide digital rights management and other security solutions. If requirements change, the Company may have to develop or license new technology to provide these solutions. There is no assurance the Company will be able to develop or license such solutions at a reasonable cost and in a timely manner.

The Company believes decisions by customers to purchase its hardware products depend in part on the availability of third-party software applications and services. This analysis may be based on factors such as the market position of the Company and its products, the anticipated revenue that may be generated, continued growth of Mac sales, and the costs of developing such applications and services.

With respect to iOS devices, the Company relies on the continued availability and development of compelling and innovative software applications, which are distributed through a single distribution channel, the App Store. In addition, iOS devices are subject to rapid technological change, and, if third-party developers are unable to or choose not to keep up with this pace of change, third-party applications might not successfully operate and may result in dissatisfied customers.

The Company relies on access to third-party intellectual property, which may not be available to the Company on commercially reasonable terms or at all. Based on past experience and industry practice, the Company believes such licenses generally can be obtained on reasonable terms.

There is, however, no assurance that the necessary licenses can be obtained on acceptable terms or at all. The Company could be impacted by unfavorable results of legal proceedings, such as being found to have infringed on intellectual property rights. The Company is subject to various legal proceedings and claims that have not yet been fully resolved and that have arisen in the ordinary course of business, and additional claims may arise in the future.

In addition, patent holding companies seek to monetize patents they have purchased or otherwise obtained. As the Company has grown, the intellectual property rights claims against it have increased and may continue to increase.

The Company is vigorously defending infringement actions in courts in a number of U. International Trade Commission, as well as internationally in Europe and Asia. The plaintiffs in these actions frequently seek injunctions and substantial damages. If the Company is found to infringe one or more patents or other intellectual property rights, regardless of whether it can develop non-infringing technology, it may be required to pay substantial damages or royalties to a third-party, or it may be subject to a temporary or permanent injunction prohibiting the Company from marketing or selling certain products.

Table of Contents In certain cases, the Company may consider the desirability of entering into licensing agreements, although no assurance can be given that such licenses can be obtained on acceptable terms or that litigation will not occur. In recognition of these considerations, the Company may enter into arrangements to settle litigation.

However, the outcome of litigation is inherently uncertain. Further, such an outcome could result in significant compensatory, punitive or trebled monetary damages, disgorgement of revenue or profits, remedial corporate measures or injunctive relief against the Company that could materially adversely affect its financial condition and operating results. The Company is subject to laws and regulations affecting its domestic and international operations in a number of areas.

By way of example, laws and regulations related to mobile communications and media devices in the many jurisdictions in which the Company operates are extensive and subject to change. These devices are also subject to certification and regulation by governmental and standardization bodies, as well as by cellular network carriers for use on their networks.

These certification processes are extensive and time consuming, and could result in additional testing requirements, product modifications, delays in product shipment dates, or preclude the Company from selling certain products.

Compliance with these laws, regulations and similar requirements may be onerous and expensive, and they may be inconsistent from jurisdiction to jurisdiction, further increasing the cost of compliance and doing business. The Company derives a significant portion of its revenue and earnings from its international operations.

Compliance with applicable U. Table of Contents environmental laws, labor laws, and anti-competition regulations, increases the costs of doing business in foreign jurisdictions. The Company also could be significantly affected by other risks associated with international activities including, but not limited to, economic and labor conditions, increased duties, taxes and other costs, and political instability.

The Company is also exposed to credit and collectability risk on its trade receivables with customers in certain international markets. There can be no assurance the Company can effectively limit its credit risk and avoid losses. The Company also has entered into substantial operating lease commitments for retail space.

Certain stores have been designed and built to serve as high-profile venues to promote brand awareness and serve as vehicles for corporate sales and marketing activities.

Due to the high cost structure associated with the Retail segment, a decline in sales or the closure or poor performance of individual or multiple stores could result in significant lease termination costs, write-offs of equipment and leasehold improvements, and severance costs. The Company has invested, and in the future may invest, in new business strategies or acquisitions. These new ventures are inherently risky and may not be successful.

The Company may be subject to information technology system failures and network disruptions. These may be caused by natural disasters, accidents, power disruptions, telecommunications failures, acts of terrorism or war, computer viruses, physical or electronic break-ins, or other events or disruptions.

System failures and disruptions could also impede the manufacturing and shipping of products, delivery of online services, transactions processing and financial reporting.

This may include, among other information, names, addresses, phone numbers, email addresses, contact preferences, tax identification numbers, and payment account information. Although malicious attacks to gain access to PII affect many companies across various industries, the Company is at a relatively greater risk of being targeted because of its high profile and the amount of PII it manages. The Company requires user names and passwords in order to access its information technology systems.

The Company also uses encryption and authentication technologies to secure the transmission and storage of data and prevent access to Company data or accounts. As with all companies, these security measures are subject to third-party security breaches, employee error, malfeasance, faulty password management, or other irregularities. To help protect customers and the Company, the Company monitors accounts and systems for unusual activity and may freeze accounts under suspicious circumstances, which may result in the delay or loss of customer orders.

The Company devotes significant resources to network security, data encryption, and other security measures to protect its systems and data, but these security measures cannot provide absolute security. To the extent the Company was to experience a breach of its systems and was unable to protect sensitive data, such a breach could materially damage business partner and customer relationships, and curtail or otherwise adversely impact access to online stores and services.

The Company is subject to federal, state and international laws relating to the collection, use, retention, security and transfer of PII. In many cases, these laws apply not only to third-party transactions, but also to transfers of information between the Company and its subsidiaries, and among the Company, its subsidiaries and other parties with which the Company has commercial relations. Several jurisdictions have passed laws in this area, and other jurisdictions are considering imposing additional restrictions.

These laws continue to develop and may be inconsistent from jurisdiction to jurisdiction. Complying with emerging and changing international requirements may cause the Company to incur substantial costs or require the Company to change its business practices.

Noncompliance could result in penalties or significant legal liability. Any failure by the Company, its suppliers or other parties with whom the Company does business to comply with its posted privacy policy or with other federal, state or international privacy-related or data protection laws and regulations could result in proceedings against the Company by governmental entities or others.

The Company is also subject to payment card association rules and obligations under its contracts with payment card processors. Under these rules and obligations, if information is compromised, the Company could be liable to payment card issuers for associated expenses and penalties. In addition, if the Company fails to follow payment card industry security standards, even if no customer information is compromised, the Company could incur significant fines or experience a significant increase in payment card transaction costs.

War, terrorism, geopolitical uncertainties, public health issues, and other business interruptions have caused and could cause damage or disruption to international commerce and the global economy, and thus could have a material adverse effect on the Company, its suppliers, logistics providers, manufacturing vendors and customers, including channel partners.

In the event of a natural disaster, the Company could incur significant losses, require substantial recovery time and experience significant expenditures in order to resume operations. The Company expects its quarterly revenue and operating results to fluctuate. The Company has typically experienced higher net sales in its first quarter compared to other quarters due in part to seasonal holiday demand.

The Company believes its stock price reflects. Table of Contents expectations of future growth and profitability. The Company also believes its stock price reflects expectations that its cash dividend will continue at current levels or grow and that its current share repurchase program will be fully consummated. If the Company fails to meet any of these expectations related to future growth, profitability, dividends, share repurchases or other market expectations its stock price may decline significantly, which could have a material adverse impact on investor confidence and employee retention.

Weakening of foreign currencies relative to the U. Conversely, a strengthening of foreign currencies relative to the U. The Company uses derivative instruments, such as foreign currency forward and option contracts, to hedge certain exposures to fluctuations in foreign currency exchange rates. The use of such hedging activities may not offset any or more than a portion of the adverse financial effects of unfavorable movements in foreign exchange rates over the limited time the hedges are in place.

The Company is exposed to credit risk and fluctuations in the market values of its investment portfolio. Given the global nature of its business, the Company has both domestic and international investments. Therefore, although the Company has not realized any significant losses on its cash, cash equivalents and marketable securities, future fluctuations in their value could result in a significant realized loss.

The Company is exposed to credit risk on its trade accounts receivable, vendor non-trade receivables and prepayments related to long-term supply agreements, and this risk is heightened during periods when economic conditions worsen. The Company distributes its products through third-party cellular network carriers, wholesalers, retailers and value-added resellers.

The Company also has unsecured vendor non-trade receivables resulting from purchases of components by outsourcing partners and other vendors that manufacture sub-assemblies or assemble final products for the Company. In addition, the Company has made prepayments associated with long-term supply agreements to secure supply of inventory components. Table of Contents concentrated within cellular network carriers, and its non-trade receivables and prepayments related to long-term supply agreements were concentrated among a few individual vendors located primarily in Asia.

While the Company has procedures to monitor and limit exposure to credit risk on its trade and vendor non-trade receivables as well as long-term prepayments, there can be no assurance such procedures will effectively limit its credit risk and avoid losses. The Company could be subject to changes in its tax rates, the adoption of new U.

The Company is subject to taxes in the U. Due to economic and political conditions, tax rates in various jurisdictions may be subject to significant change. The Company is also subject to the examination of its tax returns and other tax matters by the Internal Revenue Service and other tax authorities and governmental bodies. The Company regularly assesses the likelihood of an adverse outcome resulting from these examinations to determine the adequacy of its provision for taxes.

There can be no assurance as to the outcome of these examinations. Of that amount approximately Additionally, the Company owns a total of 1, acres of land in various locations.

The Company also owned land in Austin, Texas where it is building office space and a customer support call center. The Company also owned data introduction stock market ppt in Newark, California; Maiden, North Carolina; Prineville, Oregon; and Reno, Nevada.

The Company believes its existing facilities and equipment, which are used by all operating segments, are in good operating condition and are suitable for the conduct of its business.

The Company has invested in internal capacity and strategic relationships with outside manufacturing vendors and continues to make investments in capital equipment as needed to meet anticipated demand for its products.

Legal Forex etoro The Company is subject to the various legal proceedings and claims discussed below as well as certain other legal proceedings and claims that have not been fully resolved and that have arisen in the ordinary course of business.

In the opinion of management, there was not at least a reasonable possibility the Company may have incurred a material loss, or a material loss in excess of a recorded accrual, with respect to loss contingencies. However, the outcome of legal proceedings and claims brought against the Company is subject to significant uncertainty. The Apple iPod iTunes Antitrust Litigation formerly Charoensak v.

Plaintiffs are also where to exchange currency in indianapolis digital rights management free versions of any songs downloaded from iTunes or an order requiring the Company to license its digital rights management to all competing forex scalping extensive guide on how to scalp forex players.

Apple eBooks Antitrust Litigation United States of America v. All five publishers reached a settlement with the DOJ, which required the publishers to terminate their agreements with the Company and renegotiate new agreements pursuant to the terms of their settlement with the DOJ.

A damages trial is set for May Table of Contents PART II. Price Range of Common Stock. Purchases of Equity Securities by the Issuer and Affiliated Purchasers. Table of Contents Company Stock Performance.

Data points on the graph are annual. Note that historic stock price performance is not necessarily indicative of future stock price profitable indicators for binary options strategy. Fiscal year ending September Dow Jones US Technology Supersector Index.

Cash dividends declared per share. Shares used in computing earnings per share: Total cash, cash equivalents and marketable securities.

Long-term obligations exclude non-current deferred revenue. Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. In addition, the Company sells a variety of third-party iPhone, iPad, Mac and iPod compatible products, including application software, and various accessories through its online and retail stores.

The Company sells to consumers; small and mid-sized businesses; and education, enterprise and government customers. This resulted from growth in net sales of iPhone; iTunes, software, and services; and iPad.

Growth in these areas was partially offset by declines in net sales of Mac and iPod. First half growth in was driven by iPhone and iPad introductions at or near the beginning of During the first quarter ofthe Company introduced the fourth generation iPad and iPad Mini, a new MacBook Pro with Retina display, a new iPod touch, a new iMac, and expanded the rollout of iPhone 5 which began in September In June at its Worldwide Developer Conference, the Company announced iOS 7 and OS X Mavericks, announced iTunes Radio, introduced a significant upgrade to MacBook Air, and provided a preview of all new Mac Pro desktops expected to be introduced during Partially offsetting these positive factors today forex rates in karachi a decrease in national bank greece stock buy net sales experienced across all operating segments.

The Company introduced the third generation iPad with Retina display in March and in June introduced the MacBook Pro with Retina display and an updated MacBook Air During the fourth quarter ofOS X Mountain Lion was released and iPhone 5 was introduced.

Table of Contents Sales Fx trading guidelines. The following table how to execute a put options tradeking net sales by operating segment and net sales and unit sales by product duringand dollars in millions and units in thousands: Net Sales by Operating Segment: Rest of Asia Pacific.

Net Sales by Product: Unit Sales by Product: Greater China includes China, Hong Kong and Taiwan. Includes deferrals and amortization of related non-software services and software sterling stock brokers nairobi rights. Includes revenue from sales on the iTunes Store, best aftermarket mini 14 stock App Store, the Mac App Store, and the iBooks Store, and revenue from sales of AppleCare, licensing and other services.

Both fiscal years and spanned 52 weeks. Table of Contents Product Performance. The following table presents iPhone net sales and unit sales information forand net sales in millions and units in thousands: Percentage of total net sales. Growth in iPhone sales during is primarily a result of the launches of iPhone 4s in the first quarter of and iPhone 5 in the fourth quarter ofongoing demand during for iPhone 4 and iPhone 3GS, and expanded distribution with new carriers and resellers.

The following table presents iPad net sales and unit sales information forand net sales in millions and units in thousands: This growth was driven by the launch of iPad mini sell worthless stock etrade the fourth generation iPad beginning in the first quarter of This decline resulted primarily from introduction of the lower priced iPad mini and the full year impact of the price reduction on iPad 2 made in Table of Contents Mac.

The following table presents Mac net sales and unit sales information forand net sales in millions and units in thousands: Mac ASPs increased slightly partially offsetting the impact of lower unit sales on net sales. The decline in Mac unit sales and net sales reflects the overall weakness in the market binomial option trading calculator personal computers.

Partially offsetting the increase in net sales of Mac portables was a decline in net sales of Mac desktops that reflected the overall decline in the market for desktop personal computers during Additionally, the Company did the 10 minute forex wealth builder introduce updated versions of its Mac desktop products in The following table presents net sales information of iTunes, software and services forand in millions: The increase in net sales of iTunes, software and services in compared to was primarily instruction fiscale stock options 2016 to growth in net sales from the iTunes Store, AppleCare and licensing.

Growth in the iTunes Store, which includes the App Store, the Mac App Store and the iBooks Store, reflects continued growth in the installed base of iOS devices, expanded offerings of iOS apps and related in-App purchases, and expanded offerings eur usd exchange rate chart iTunes digital content.

Table of Contents Segment Operating Performance. Accordingly, the Company determined its reportable operating segments, which are generally based on the nature and location of its customers, stock trader azure be the Americas, Europe, Greater China, Japan, Rest of Asia Pacific and Retail.

The following table presents Americas net sales information forand in millions: The growth in the Americas segment net sales during was driven by increased sales nso stock options tax iPhone following the introduction of iPhone 5 in September and iPhone 5s and 5c in Septemberincreased sales from the iTunes Store, and increased sales of iPad, particularly iPad mini.

These increases were partially offset by a decrease in net sales of iPod and Mac and a decline in iPad ASPs. The growth in net sales during was primarily driven by increased demand for iPhone following the launches of iPhone 4s and iPhone 5, strong demand westpac fiji exchange rates today the third generation iPad and iPad 2, and higher sales from the iTunes Store.

The following table presents Europe net sales information forand in millions: Similar ways to get free stardollars on stardoll the Americas segment, growth in net sales in the Europe segment during was primarily driven by increased sales of iPhone, iPad and higher net sales from iTunes.

These increases were partially offset by decreases in net sales of Mac and iPod and a decline in iPad ASPs. The growth in net sales during was primarily driven by strong demand for the third generation iPad and iPad 2, higher sales from the iTunes Store and increased demand for iPhone from the launch of iPhone 4s.

Net sales in the Europe. The following table presents Greater China net sales information forand in millions: The growth in net sales in the Greater China segment during resulted from two major iPhone introductions during the year, iPhone 5 in December and iPhone 5c and iPhone 5s in September Further contributing to the growth in was the introduction of the fourth generation iPad and iPad mini during the second quarter of and an increase in iPhone channel inventory as of the end of compared to the end of The growth in net sales during was mainly due to increased demand for iPhone following the launch of iPhone 4s and strong demand for the third generation iPad and iPad 2.

Growth in the Greater China segment was affected by the timing of iPhone and iPad product launches. The following table presents Japan net sales information forand in millions: The increase in net sales in the Japan segment during reflects significant increases in unit volumes of iPhone and iPad, strong growth of iTunes Store net sales and an increase in iPhone channel inventory as of the end of compared to the end of These positive factors were partially offset by declines in ASPs for iPhone and iPad and by weakness in the Japanese Yen relative to the U.

The growth in net sales during was primarily driven by increased demand for iPhone following the launches of iPhone 4s and iPhone 5, expanded distribution with a new iPhone carrier, strong demand for the third generation iPad and iPad 2, higher sales from the iTunes Store, and strength in 5 min binary option trading strategy Japanese Yen relative top stock broker in the philippines the U.

The following table presents Rest of Asia Pacific net sales information forand in millions: The growth in net sales during was primarily driven by the launch of iPhone 5 and higher sales from iTunes, partially offset by a decrease in net sales of iPad and Mac. Table of Contents The growth in net sales during was mainly due to strong demand for the third generation iPad. This decrease reflects the timing of iPhone 5 launches in the Rest of Asia Pacific segment, which only occurred in a limited number of countries during the fourth quarter of The following table presents Retail net sales information forand in millions, except for store counts: The growth in net sales during was primarily driven by increased unit sales of iPhone and iPad following the new product introductions in the first half of and increased sales of services.

The growth in net sales during was driven primarily by increased demand for iPhone following the launches of iPhone 4s and iPhone 5, strong demand for the third generation iPad and iPad 2, and higher Mac net sales. The year-over-year decrease in Retail operating income in is primarily attributable to lower gross margin similar to that experienced by the Company overall, partially offset by higher net sales.

The year-over-year increase in Retail operating income in is primarily attributable to higher overall net sales that resulted in significantly higher average revenue per store during Gross margin forand are as follows in millions, except gross margin percentages: The gross margin percentage in was Table of Contents warranty costs; price reductions on certain products, including iPad 2 and iPhone 4; and unfavorable impact from foreign exchange fluctuations.

This year-over-year increase in gross margin was largely driven by lower commodity and other product costs, a higher mix of iPhone sales, and improved leverage on fixed costs from higher net sales. The increase in gross margin was partially offset by the impact of a stronger U. The gross margin percentage during the first half of was The primary drivers of higher gross margin in the first half of compared to the second half are a higher mix of iPhone sales and improved leverage on fixed costs from higher net sales.

The Company anticipates gross margin during the first quarter of to be between In general, gross margins and margins on individual products will remain under downward pressure due to a variety of factors, including continued industry wide global product pricing pressures, increased competition, compressed product life cycles, product transitions, potential increases in the cost of components, and potential strengthening of the U.

In response to competitive pressures, the Company expects it will continue to take product pricing actions, which would adversely affect gross margins. Operating expenses forand are as follows in millions, except for percentages: Selling, general and administrative. Table of Contents services. Other Income and Expense.

Other income and expense forand are as follows in millions: Interest and dividend income. The weighted average interest rate earned by the Company on its cash, cash equivalents and marketable securities was 1. The Company had no debt outstanding during and and accordingly did not incur any related interest expense. Work from home jobs in ambernath for Income Taxes.

Provision for income taxes and effective tax rates forand are as follows in millions: Provision for income taxes. Management believes it is more likely than not that forecasted income, including income that may be generated as a result of certain tax planning strategies, together with how many stock options do i need toontown reversals of existing taxable temporary differences, will be sufficient to fully recover the deferred tax assets.

The Company will continue to evaluate the realizability of deferred tax assets quarterly by assessing the need for and amount of a valuation allowance.

The Company has contested certain of these adjustments through the IRS Appeals Office. The IRS is currently examining the years through All IRS audit issues for years prior to have been resolved.

In vix spread trading strategies, the Company is subject to audits by state, local, and foreign tax authorities. Management believes that adequate provisions have been made for any. Table of Contents adjustments that may result from tax examinations. However, the outcome of tax audits cannot be predicted with certainty. Liquidity and Capital Resources. Cash, cash equivalents and marketable securities.

Property, plant and equipment, net. Cash generated by operating activities. Cash used in investing activities. The Company believes its existing balances of cash, cash equivalents and marketable securities will be sufficient to satisfy its working capital needs, capital asset purchases, outstanding commitments, and other liquidity requirements associated with its existing operations over the next 12 months.

The Company anticipates the cash used for future dividends and the share repurchase program will come from its current domestic cash, cash generated from on-going U. Amounts held by foreign subsidiaries are generally subject to U. The policy requires investments generally to be investment grade with the objective of minimizing the potential risk of principal loss.

Duringthe Company expects to open about 30 new retail stores, with approximately two-thirds located outside of the U. Duringthe Company also expects to remodel approximately 20 of its existing stores. Dividend and Stock Repurchase Program. The share repurchase program is expected to be completed by December Under the program, shares may be repurchased in privately negotiated or open market transactions, including under plans complying with Rule 10b of the Exchange Act.

Off-Balance Sheet Arrangements and Contractual Obligations. The Company has not entered into any transactions with unconsolidated entities whereby the Company has financial guarantees, subordinated retained interests, derivative instruments, or other contingent arrangements that expose the Company to material continuing risks, contingent liabilities, or any other obligation under a variable interest in an unconsolidated entity that provides financing, liquidity, market risk, or credit risk support to the Company.

Leases for retail space are for terms ranging from five to 20 years, the majority of which are for 10 years, and often contain multi-year renewal options. Purchase Commitments with Outsourcing Partners and Us forex reserves 2015 Suppliers. These outsourcing partners acquire components and build product based on demand information supplied by the Company, which typically covers periods up to days.

The Company how to start a forex llc company obtains individual components for its products from a wide variety of individual suppliers.

Consistent with industry practice, the Company acquires components through a combination of purchase orders, supplier contracts, and open orders based on projected demand information.

At this time, the Company is unable to make a reasonably reliable estimate of the timing of payments in individual years in connection with these tax liabilities; therefore, such amounts are not included in the above contractual obligation table. The Company generally does not indemnify end-users of its operating system and application software against legal claims that the software infringes third-party intellectual property rights.

Other agreements entered into stock market jobs in uae. However, the Company has not been required to make any significant payments resulting from such an infringement claim asserted against it or an indemnified third-party.

In the opinion of management, there was not at least a reasonable possibility the Company may have incurred a material loss with respect to indemnification of end-users of its operating system or application software for infringement of third-party intellectual property rights. The Forex trading banned in malaysia has entered into indemnification agreements with its directors and executive officers.

Under these agreements, the Low risk trading strategy betfair has agreed to indemnify such individuals to the fullest extent permitted by law against liabilities that arise by reason of their status as directors or officers and to advance expenses incurred by such individuals in connection with related legal stock for remington 770. It is not possible to determine the maximum potential amount of payments the Company could be required to make under these agreements due to the limited history of prior indemnification claims and the unique facts and circumstances involved in each claim.

However, the Company maintains directors and officers liability insurance coverage to reduce its exposure to such obligations, and payments made under these agreements forex maker in markets have not been material. Critical Accounting Policies and Estimates. The preparation of financial australian binary option trading using paypal and related disclosures in conformity with U.

Management bases its estimates on historical experience and on various other assumptions it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities. Actual results may differ from these estimates and such differences may be material. Net sales consist primarily of revenue from the sale of hardware, software, digital content and applications, peripherals, and service and support contracts.

The Company recognizes revenue when persuasive evidence of an arrangement exists, delivery has occurred, the sales price is fixed or determinable, and collection is probable. Product is considered delivered to the customer once it has been shipped and title and risk of loss have been transferred.

For online sales to individuals, for some sales to education customers in the U. The Company recognizes revenue from the sale of hardware products, software bundled with hardware that is essential to the functionality of the hardware, and charlie sheen stockbroker movie digital content sold on the iTunes Store in accordance with general revenue recognition accounting guidance.

Table of Contents Company recognizes revenue in accordance with industry specific software accounting guidance for the following types of sales transactions: In such circumstances, the Company uses a hierarchy to determine the selling price to be used for allocating revenue to deliverables: VSOE generally exists only when the Company sells the deliverable separately and is the price actually charged by the Company for that deliverable.

For sales of qualifying versions of iOS devices, Mac and Apple TV, the Company has indicated it may from time to time provide future unspecified software upgrades and features free of charge to customers. The Company also provides various non-software services to owners of qualifying versions of iOS devices and Mac.

Factors subject to change include the unspecified software upgrade rights offered, the estimated value of unspecified software upgrade rights, the estimated or actual costs incurred to provide non-software services, and the estimated period software upgrades and non-software services are expected to be provided.

The Company records reductions to revenue for estimated commitments related to price protection and other customer incentive programs. For transactions involving price protection, the Company recognizes revenue net of the estimated amount to be refunded, provided the refund amount can be reasonably and reliably estimated and the other conditions for revenue recognition have been met. Future market conditions and product transitions may require the Company to increase customer incentive programs that could forex capital markets plano tx in reductions to future revenue.

Additionally, certain customer incentive programs require management to estimate the number of customers who will ikon group forex broker redeem the incentive.

Valuation and Impairment of Marketable Securities. Changes in the fair value of available-for-sale securities. The Company regularly reviews its investment portfolio to determine if any security is other-than-temporarily impaired, which would require the Company to record an impairment charge in the period any such determination is made.

Inventory Valuation and Valuation of Manufacturing-Related Assets and Estimated Purchase Commitment Cancellation Fees. In addition, the Company has made prepayments to certain of its suppliers associated with long-term supply agreements to secure supply of inventory components.

The Company records a write-down for inventories of components and products, including third-party products option trading pip for resale, which have become obsolete or are in excess of anticipated demand or net realizable value.

The Company performs a detailed review of inventory that considers multiple factors including demand forecasts, product life cycle status, product development plans, current sales levels, and component cost trends. The Company also reviews its manufacturing-related capital assets and inventory prepayments for impairment whenever events or circumstances indicate the carrying amount of such assets may not be recoverable.

If the Company determines that an asset is not recoverable, it records an impairment loss equal to the amount by which the carrying value of such an asset exceeds its fair value. The industries in which the Company competes are subject to a rapid and unpredictable pace of product and component obsolescence and demand changes.

The Company records accruals for estimated cancellation fees related to component orders that have been bitesize ks2 maths money games or are expected to be cancelled. Consistent with industry practice, the Company acquires components through a combination of purchase orders, supplier contracts, and open orders in each case based on projected demand.

Each quarter, the Company reevaluates. Table of Contents these estimates to assess the adequacy of its recorded warranty liabilities considering the size of the installed base of products subject to warranty protection and adjusts the amounts as necessary. The Company records a tax provision for prepare stock market crash anticipated tax consequences of the reported results of operations.

The provision for income taxes is computed using the asset and liability method, under which deferred tax assets and liabilities are recognized for the expected future tax consequences of temporary differences between the financial reporting and tax bases of assets and liabilities, and for operating losses and tax credit carryforwards.

Moneymaker topping a website crossword clue tax assets and liabilities are measured using the currently enacted tax rates that apply to taxable income in effect for the years in which those tax assets are expected to be realized or settled. The Company records a valuation allowance to reduce deferred tax assets to stoploss in stock market amount that is believed more likely than not to be realized.

The Company recognizes tax benefits from uncertain tax positions only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position.

In the event that the Company determines all or part of the net deferred tax assets are not realizable in the future, the Company will make an adjustment to the valuation allowance that would be charged to earnings in the period such determination is made. In addition, the calculation of tax liabilities involves significant judgment in estimating the impact of uncertainties in the application of GAAP and complex tax laws. Legal and Other Contingencies. The Company records a liability when it is probable that a loss has been incurred and the amount is reasonably estimable.

There is significant judgment required in both the probability determination and stock brokers in mumbai justdial to whether an exposure can be reasonably estimated.

In the opinion of management, there was not at least a reasonable possibility the Company may have incurred a material loss, or a material loss in excess of a recorded accrual, with respect to loss contingencies for legal and other contingencies. Quantitative and Qualitative Disclosures About Market Risk Interest Rate and Foreign Currency Risk Management.

The Company regularly reviews its foreign exchange singapore forex brokers list and option positions and interest rate swaps, both on a stand-alone basis and in conjunction with its underlying foreign currency and interest rate related exposures.

The Company typically invests in highly-rated securities, and its investment policy generally limits the amount of credit exposure to any one issuer.

The policy requires investments generally to be investment grade, with the primary objective of minimizing the potential risk of principal loss. Such losses would only be realized if the Company sold the investments prior to maturity. In general, the Company is a net receiver of currencies other than the U. Accordingly, changes in exchange rates, and in particular a strengthening of the U. There is a risk that the Company will have to adjust local. Table of Contents currency product pricing due to competitive pressures when there have been significant volatility in foreign currency exchange rates.

The Company may enter into foreign currency forward and option contracts with financial institutions to protect against foreign exchange risks associated with certain existing assets and liabilities, certain firmly committed transactions, forecasted future cash flows, and net investments in foreign subsidiaries.

However, the Company may choose not to hedge certain foreign exchange exposures for a variety of reasons, including but not limited to accounting considerations and the prohibitive economic cost of hedging particular exposures. The VAR model consisted of using a Monte Carlo simulation to generate thousands lil wayne money make weezy weezy make money random market price paths assuming normal market conditions.

The VAR model 5 minute binary options signals live review not intended to represent actual losses but is used as a risk estimation and management tool. The model assumes normal market conditions. Forecasted transactions, firm commitments, and assets and liabilities denominated in foreign currencies were excluded from the model.

Because the Company uses foreign currency instruments for hedging purposes, the loss in fair value incurred on those instruments are generally offset by increases in the fair value of the underlying exposures.

Index to Consolidated Financial Statements. Notes to Consolidated Financial Statements. Selected Quarterly Financial Information Unaudited. All financial statement schedules have been omitted, since the required information is not applicable or is not present in amounts sufficient to require submission of the schedule, or because the information required is included in the consolidated financial statements and notes thereto.

Income before provision for income taxes. Cash dividends declared per common share. See accompanying Notes to Consolidated Financial Statements. Cash and cash equivalents. Acquired intangible assets, net. Common stock, no par value; 1, shares authorized;andshares issued and outstanding, respectively. Common stock issued under stock plans, net of shares withheld for employee taxes. Tax benefit from equity awards, including transfer pricing adjustments. Dividends and dividend equivalent rights declared.

Repurchase of common stock. Cash and cash equivalents, beginning of the year. Adjustments to reconcile net income to cash generated by operating activities: Deferred income tax expense. Changes in operating assets and liabilities: Other current and non-current assets. Other current and non-current liabilities. Purchases broker broker forex forex fx online unnamably marketable securities.

Proceeds from maturities of marketable securities. Proceeds from sales of marketable securities. Payments made in connection with business acquisitions, net. Payments for acquisition of property, plant and equipment. Payments for acquisition of intangible assets.

Proceeds from issuance of common stock. Excess tax benefits from equity awards. Taxes paid related to net share settlement of equity awards. Dividends and dividend equivalent rights paid. Proceeds from issuance of long-term debt, net. Cash and cash equivalents, end of the year. Supplemental cash flow disclosure: Cash paid for income taxes, net. Table of Contents Notes to Consolidated Financial Statements.

The Company shanghai forex expo 2014 its products worldwide through its retail stores, online stores, and direct sales force, as well as through callable bond option price cellular network carriers, wholesalers, retailers and value-added resellers.

In addition, the Company sells a variety of third-party iPhone, iPad, Mac, and iPod compatible products, including application software, and charlie sheen stockbroker movie accessories through its online and retail stores. The Company sells to consumers, small and mid-sized businesses, and education, enterprise and government customers.

Basis of Presentation and Preparation. The accompanying consolidated financial statements include the accounts of the Company. Intercompany accounts and transactions have been eliminated.

The preparation of these consolidated financial statements in conformity with U. Actual results could differ materially from those estimates. An additional week is included in the first fiscal quarter approximately every six years to realign fiscal quarters with calendar quarters. Fiscal year spanned 53 weeks, with a 14th week included in the first quarter of Fiscal years and spanned 52 weeks each.

During the first quarter ofthe Company adopted amended accounting standards that changed the presentation of comprehensive income. The Company recognizes revenue in accordance with industry specific software accounting guidance for the.

Table of Contents following types of stock brokers manchester uk transactions: For the sale of most third-party products, the Company recognizes revenue based on the gross amount billed to customers because the Company establishes its own pricing for forex grid trading robot products, retains related inventory risk for physical products, is the primary obligor to the customer and assumes the credit risk for amounts billed to its customers.

For third-party applications sold through the App Store and Mac App Store and certain digital content sold through the telenium stock market quotes Store, the Company does not determine the selling price of the products and is not the primary obligor to the customer.

Therefore, the Company accounts for such sales on a net basis by recognizing in net forex grid trading robot only the commission it retains from each sale.

The Company records deferred revenue when it receives payments in advance of the delivery of products or the performance of services. This includes amounts that have been deferred for unspecified and specified software upgrade rights and non-software services that are attached to hardware and software products. The Company sells gift cards redeemable at its retail and online stores, and also sells gift cards redeemable on the iTunes Store for the purchase of digital content and software.

The Company records deferred revenue upon the sale of the card, which is relieved upon redemption of the card by call of duty 4 modern warfare gameplay online customer.

Revenue from AppleCare service and support contracts is deferred and recognized over the service coverage periods.

For transactions involving price protection, the Company recognizes revenue net of the estimated amount to be refunded. Revenue is recorded net of stock exchange brokers kenya collected from customers that are remitted to governmental authorities, with the collected taxes recorded as current liabilities until remitted to the relevant government authority.

Revenue Recognition for Arrangements with Multiple Deliverables. For multi-element moneydance stock options accounted for in accordance with industry specific software accounting guidance, the Company allocates revenue to factors that determine the behaviour of stock market prices deliverables based on the VSOE of each element, and if VSOE does not exist revenue is recognized when elements lacking VSOE are delivered.

Essential software for iOS devices includes iOS and related forex yang patuh syariah and for Mac includes OS X and related applications. Table of Contents The Company has identified up to three deliverables regularly included in arrangements involving the sale of these devices.

The first deliverable is the hardware and software essential to the functionality of the hardware device delivered at the time of sale. The third deliverable is the non-software services to be provided to qualifying versions of iOS devices and Mac.

The Company allocates revenue between these deliverables using the relative selling price method. Revenue allocated to the delivered hardware and the related essential software is recognized at the time of sale provided the other conditions for revenue recognition have been met. Revenue allocated to the embedded unspecified software upgrade rights and the non-software services is deferred and recognized on a straight-line basis over the estimated period the software upgrades and non-software services are expected to be provided for each of these devices, which ranges from two to four years.

Cost of sales related to delivered hardware and related essential software, including estimated warranty costs, are recognized at the time of sale. Costs incurred to provide non-software services are recognized as cost of sales as incurred, and engineering and sales and marketing costs are recognized as operating expenses as incurred. The Company believes its customers would be reluctant to buy unspecified software upgrade rights for the essential software included with its qualifying hardware products.

This view is primarily based on the fact that unspecified software upgrade rights do not obligate the Company to provide upgrades at a particular time or at all, and do not specify to customers which upgrades or features will be delivered. The Company best currency pairs to trade 2016 believes its customers would be unwilling to pay a significant amount for access to the non-software services because other companies offer similar services at little or no cost to users.

Therefore, the Company has concluded that if it were to sell upgrade rights or access to the non-software services on a standalone basis, including those rights and services attached to iOS devices, Mac and Apple TV, the selling prices would be relatively low. Key factors considered by the Company in developing the ESPs for software upgrade rights include prices charged by the Company for similar offerings, market trends in the pricing of Apple-branded and third-party Mac and iOS compatible software, the nature of the upgrade rights e.

The Company may also consider additional factors as appropriate, including the impact of other products and services provided to customers, the pricing of competitive alternatives if they exist, product-specific business objectives, and the length of time a particular version of a device has been available. When relevant, the same factors are considered by the Company in developing ESPs for offerings such as the non-software services with additional consideration given to the estimated cost to provide such services.

Revenue allocated to such rights is deferred and recognized on a straight-line basis over the estimated period the rights are expected to be provided for each device, which ranges from two to four years. Table of Contents Warranty Expense. The Company generally provides for the estimated cost of hardware and software warranties at the time the related revenue is recognized. The Company assesses the adequacy of its pre-existing warranty liabilities and adjusts the amounts as necessary based on actual experience and changes in future estimates.

Research and development costs are expensed as incurred. Costs incurred subsequent to achievement of technological feasibility were not significant, and software development costs were expensed as incurred duringand Advertising costs are expensed as incurred and included in selling, general and administrative expenses.

The BSM option-pricing model incorporates various assumptions including expected volatility, estimated expected life and interest rates. In addition, the Company recognizes the indirect effects of share-based compensation on research and development tax credits, foreign tax credits and domestic manufacturing deductions in the Consolidated Statements of Operations.

The Company recognizes the tax benefit from an uncertain tax position only if it is more likely than not the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. Table of Contents Earnings Per Share. Basic earnings per share is computed by dividing income available to common shareholders by the weighted-average number of shares of common stock outstanding during the period.

Diluted earnings per share is computed by dividing income available to common shareholders by the weighted-average number of shares of common stock outstanding during the period increased to include the number of additional shares of common stock that would have been outstanding if the potentially dilutive securities had been issued. The dilutive effect of potentially dilutive securities is reflected in diluted earnings per share by application of the treasury stock method.

The following table shows the computation of basic and diluted earnings per share for, and in thousands, except net income in millions and per share amounts: Effect of dilutive securities. Basic earnings per share.

Diluted earnings per share. Potentially dilutive securities representing 4. Cash Equivalents and Marketable Securities. All highly liquid investments with maturities of three months or less at the date of purchase are classified as cash equivalents. Management determines the appropriate classification of its investments at the time of purchase and reevaluates the designations at each balance sheet date.

Marketable debt securities with maturities of 12 months or less are classified as short-term and marketable debt securities with maturities greater than 12 months are classified as long-term. The Company classifies its marketable equity securities, including mutual funds, as either short-term or long-term based on the nature of each security and its availability for use in current operations.

The cost of securities sold is based upon the specific identification method. The Company accounts for its derivative instruments as either assets or liabilities and carries them at fair value. The ineffective portion of the gain or. Table of Contents loss on the derivative instrument, if any, is recognized in current income. To receive hedge accounting treatment, cash flow hedges must be highly effective in offsetting changes to expected future cash flows on hedged transactions.

For options designated as cash flow hedges, changes in the time value are excluded from the assessment of hedge effectiveness and are recognized in income. For derivative instruments that hedge the exposure to changes in the fair value of an asset or a liability and that are designated as fair value hedges, both the net gain or loss on the derivative instrument as well as the offsetting gain or loss on the hedged item attributable to the hedged risk are recognized in earnings in the current period.

The Company had no fair value hedges inand The net gain or loss on the effective portion of a derivative instrument that is designated as an economic hedge of the foreign currency translation exposure of the net investment in a foreign operation is reported in the same manner as a foreign currency translation adjustment. For forward exchange contracts designated as net investment hedges, the Company excludes changes in fair value relating to changes in the forward carry component from its definition of effectiveness.

Accordingly, any gains or losses related to this component are recognized in current income. Derivatives that do not qualify as hedges are adjusted to fair value through current income. Allowance for Doubtful Accounts. The Company records its allowance for doubtful accounts based upon its assessment of various factors. Inventories are stated at the lower of cost, computed using the first-in, first-out method, or market.

If the cost of the inventories exceeds their market value, provisions are made currently for the difference between the cost and the market value. Property, Plant and Equipment. Property, plant and equipment are stated at cost. Depreciation is computed by use of the straight-line method over the estimated useful lives of the assets, which for buildings is the lesser of 30 years or the remaining life of the underlying building; between two to five years for machinery and equipment, including product tooling and manufacturing process equipment; and the shorter of lease terms or ten years for leasehold improvements.

The Company capitalizes eligible costs to acquire or develop internal-use software that are incurred subsequent to the preliminary project stage. Capitalized costs related to internal-use software are amortized using the straight-line method over the estimated useful lives of the assets, which range from three to five years. Long-Lived Assets Including Goodwill and Other Acquired Intangible Assets.

The Company reviews property, plant and equipment, inventory component prepayments, and certain identifiable intangibles, excluding goodwill, for impairment. Long-lived assets are reviewed for impairment whenever events or changes in circumstances indicate the carrying amount of an asset may not be recoverable. Recoverability of these assets is measured by comparison of their carrying amounts to future undiscounted cash flows the assets are expected to generate. If property, plant and equipment, inventory component prepayments, and certain identifiable intangibles are considered to be impaired, the impairment to be recognized equals the amount by which the carrying value of the assets exceeds its fair value.

The Company did not record any significant impairments duringand The Company does not amortize goodwill and intangible assets with indefinite useful lives, rather such assets are required to be tested for impairment at least annually or sooner whenever events or changes in circumstances indicate that the assets may be impaired. The Company performs its goodwill and intangible asset impairment tests in the fourth quarter of each year.

The Company did not recognize any impairment charges related to. Table of Contents goodwill or indefinite lived intangible assets duringand The Company established reporting units based on its current reporting structure. For purposes of testing goodwill for impairment, goodwill has been allocated to these reporting units to the extent it relates to each reporting unit.

The Company amortizes its intangible assets with definite useful lives over their estimated useful lives and reviews these assets for impairment. The Company is currently amortizing its acquired intangible assets with definite useful lives over periods typically from three to seven years.

The Company applies fair value accounting for all financial assets and liabilities and non-financial assets and liabilities that are recognized or disclosed at fair value in the financial statements on a recurring basis. The Company defines fair value as the price that would be received from selling an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.

When determining the fair value measurements for assets and liabilities, which are required to be recorded at fair value, the Company considers the principal or most advantageous market in which the Company would transact and the market-based risk measurements or assumptions that market participants would use in pricing the asset or liability, such as risks inherent in valuation techniques, transfer restrictions and credit risk.

Fair value is estimated by applying the following hierarchy, which prioritizes the inputs used to measure fair value into three levels and bases the categorization within the hierarchy upon the lowest level of input that is available and significant to the fair value measurement: The valuation techniques used to measure the fair value of all other financial instruments, all of which have counterparties with high credit ratings, were valued based on quoted market prices or model driven valuations using significant inputs derived from or corroborated by observable market data.

In accordance with the fair value accounting requirements, companies may choose to measure eligible financial instruments and certain other items at fair value. The Company has not elected the fair value option for any eligible financial instruments. Foreign Currency Translation and Remeasurement. The Company translates the assets and liabilities of its non-U. Revenue and expenses for these subsidiaries are translated using rates that approximate those in effect during the period.

Cash, Cash Equivalents and Marketable Securities. Certificates of deposit and time deposits. Mortgage- and asset-backed securities. The Company may sell certain of its marketable securities prior to their stated maturities for strategic reasons including, but not limited to, anticipation of credit deterioration and duration management. Duringandthe net realized gains recognized by the Company were not significant.

N° - Rapport d'information de Mme Valérie Rabault déposé en application de l'article du règlement, par la commission des finances, de l'économie générale et du contrôle budgétaire sur l'application des mesures fiscales contenues dans les lois de finances

Fair values were determined for each individual security in the investment portfolio. Duringand the Company did not recognize any significant impairment charges. The Company uses derivatives to partially offset its business exposure to foreign currency and interest rate risk.

The Company may enter into forward contracts, option contracts, swaps, or other derivative instruments to offset some of the risk on expected future cash flows, on net investments in certain foreign subsidiaries, and on certain existing assets and liabilities.

The Company hedges a portion of its forecasted foreign currency exposure associated with revenue and inventory purchases, typically for up to 12 months. To help protect the net investment in a foreign operation from adverse changes in foreign currency exchange rates, the Company may enter into foreign currency forward and option contracts to offset the changes in the carrying amounts of these investments due to fluctuations in foreign currency exchange rates.

To help protect against adverse fluctuations in interest rates, the Company may enter into interest rate swaps, options, or other instruments to offset a portion of the changes in income or expense due to fluctuations in interest rates. The Company may also enter into foreign currency forward and option contracts to partially offset the foreign currency exchange gains and losses generated by the re-measurement of certain assets and liabilities denominated in non-functional currencies.

However, the Company may choose not to hedge certain foreign currency exchange exposures for a variety of reasons including, but not limited to, accounting considerations and the prohibitive economic cost of hedging particular exposures.

There can be no assurance the hedges will offset more than a portion of the financial impact resulting from movements in foreign currency exchange rates. The Company records all derivatives in the Consolidated Balance Sheets at fair value. The effective portions of cash flow hedges are recorded in AOCI until the hedged item is recognized in earnings.

The effective portions of net investment hedges are recorded in OCI as a part of the cumulative translation adjustment. The ineffective portions of cash flow hedges and net investment hedges are recorded in other income and expense.

Derivatives that are not designated as hedging instruments are adjusted to fair value through earnings in the financial statement line item to which the derivative relates. Deferred gains and losses associated with cash flow hedges of foreign currency revenue are recognized as a component of net sales in the same period as the related revenue is recognized, and deferred gains and losses related to cash flow hedges of inventory purchases are recognized as a component of cost of sales in the same period as the related costs are recognized.

Derivative instruments designated as cash flow hedges must be de-designated as hedges when it is probable the forecasted hedged transaction will not occur in the initially identified time period or within a subsequent two-month time period.

Deferred gains and losses in AOCI associated with such derivative instruments are reclassified immediately into other income and expense. Any subsequent changes in fair value of such derivative instruments are reflected in other income and expense unless they are re-designated as hedges of other transactions. The Company did not recognize any significant net gains or losses related to the loss of hedge designation on discontinued cash flow hedges duringand The ineffective portions of and amounts excluded from the effectiveness test of net investment hedges are recorded in other income and expense.

These amounts represent the net gain or loss on the derivative contracts and do not include changes in the related exposures, which generally offset a portion of the gain or loss on the derivative contracts. Instruments designated as accounting hedges: Instruments not designated as accounting hedges: The amounts ultimately realized upon settlement of these financial instruments, together with the gains and losses on the underlying exposures, will depend on actual market conditions during the remaining life of the instruments.

Table of Contents The Company generally enters into master netting arrangements, which are designed to reduce credit risk by permitting net settlement of transactions with the same counterparty. To further limit credit risk, the Company generally enters into collateral security arrangements that provide for collateral to be received or posted when the net fair value of certain financial instruments fluctuates from contractually established thresholds.

The Company presents its derivative assets and derivative liabilities at their gross fair values. The fair value of derivative assets is measured using Level 2 fair value inputs and is recorded as other current assets in the Consolidated Balance Sheets.

The fair value of derivative liabilities is measured using Level 2 fair value inputs and is recorded as accrued expenses in the Consolidated Balance Sheets. The Company has considerable trade receivables outstanding with its third-party cellular network carriers, wholesalers, retailers, value-added resellers, small and mid-sized businesses, and education, enterprise and government customers.

The Company generally does not require collateral from its customers; however, the Company will require collateral in certain instances to limit credit risk. In addition, when possible, the Company attempts to limit credit risk on trade receivables with credit insurance for certain customers or by requiring third-party financing, loans or leases to support credit exposure.

These credit-financing arrangements are directly between the third-party financing company and the end customer.

As such, the Company generally does not assume any recourse or credit risk sharing related to any of these arrangements. The Company has non-trade receivables from certain of its manufacturing vendors resulting from the sale of components to these manufacturing vendors who manufacture sub-assemblies or assemble final products for the Company. The Company purchases these components directly from suppliers. The Company does not reflect the sale of these components in net sales and does not recognize any profits on these sales until the related products are sold by the Company, at which time any profit is recognized as a reduction of cost of sales.

Machinery, equipment and internal-use software. Gross property, plant and equipment. Accumulated depreciation and amortization. Net property, plant and equipment. Accrued warranty and related costs. Deferred margin on component sales. Accrued marketing and selling expenses. Accrued compensation and employee benefits. Total other non-current liabilities. The following table shows the detail of other income and expense forand in millions: Definite lived and amortizable acquired intangible assets.

Indefinite lived and non-amortizable trademarks. Total acquired intangible assets. During andthe Company completed various business acquisitions.

The Company did not have any goodwill impairment duringor The provision for income taxes forandconsisted of the following in millions: State taxes, net of federal effect. Indefinitely invested earnings of foreign subsidiaries. Research and development credit, net. Domestic production activities deduction. For stock options, the Company receives an income tax benefit calculated as the tax effect of the difference.

Table of Contents between the fair market value of the stock issued at the time of the exercise and the exercise price.

Accrued liabilities and other reserves. Basis of capital assets and investments. Total deferred tax assets. Deferred tax assets, net of valuation allowance. Unremitted earnings of foreign subsidiaries. Total deferred tax liabilities. Net deferred tax liabilities. Deferred tax assets and liabilities reflect the effects of tax losses, credits, and the future income tax effects of temporary differences between the consolidated financial statement carrying amounts of existing assets and liabilities and their respective tax bases and are measured using enacted tax rates that apply to taxable income in the years in which those temporary differences are expected to be recovered or settled.

Tax positions are evaluated in a two-step process. The Company first determines whether it is more likely than not that a tax position will be sustained upon examination. If a tax position meets the more-likely-than-not recognition threshold it is then measured to determine the amount of benefit to recognize in the financial statements.

The Company classifies gross interest and penalties and unrecognized tax benefits that are not expected to result in payment or receipt of cash within one year as non-current liabilities in the Consolidated Balance Sheets. Table of Contents The aggregate changes in the balance of gross unrecognized tax benefits, which excludes interest and penalties, forandis as follows in millions: Increases related to tax positions taken during a prior year.

Decreases related to tax positions taken during a prior year. Increases related to tax positions taken during the current year. Decreases related to settlements with taxing authorities. Decreases related to expiration of statute of limitations. The Company includes interest and penalties related to unrecognized tax benefits within the provision for income taxes. The Company is subject to taxation and files income tax returns in the U. In addition, the Company is also subject to audits by state, local and foreign tax authorities.

In major states and major foreign jurisdictions, the years subsequent to andrespectively, generally remain open and could be subject to examination by the taxing authorities. Management believes that an adequate provision has been made for any adjustments that may result from tax examinations. The Notes are senior unsecured obligations, and interest is payable in arrears, quarterly for the floating-rate notes and semi-annually for the fixed-rate notes.

Floating-rate notes, due These hedges effectively convert the floating interest rate on the floating-rate notes to a fixed interest rate. The gains and losses related to changes in the fair value of the interest rate swaps are recorded in OCI with a portion reclassified to interest expense each period to offset changes in interest rates on the floating-rate notes.

The effective rates for the Notes include the interest on the Notes, amortization of the discount and, if applicable, adjustments related to hedging. The Company has five million shares of authorized preferred stock, none of which is issued or outstanding.

The Company declared and paid cash dividends per common share during the periods presented as follows: Future dividends are subject to declaration by the Board of Directors. In the first quarter of2. In Aprilthe purchase period for the ASR ended and an additional 1. During the third quarter of This does not represent the final number of shares to be delivered under the ASR.

The Company reflected the ASRs as a repurchase of common stock for purposes of calculating earnings per share and as forward contracts indexed to its own common stock.

The forward contracts met all of the applicable criteria for equity classification, and, therefore, were not accounted for as derivative instruments. Duringthe Company repurchased These shares were retired upon repurchase.

Comprehensive income consists of two components, net income and other comprehensive income. Cumulative foreign currency translation. The Plan permits the granting of incentive stock options, nonstatutory stock options, RSUs, stock appreciation rights, stock purchase rights and performance-based awards.

Options granted under the Plan generally expire seven to ten years after the grant date and generally become exercisable over a period of four years, based on continued employment, with either annual, semi-annual or quarterly vesting.

Each share issued with respect to an award granted under the Plan other than a stock option or stock appreciation right reduces the number of shares available for grant under the plan by two shares, whereas shares issued in respect of an option or stock appreciation right count against the number of shares available for grant on a one-for-one basis.

DER are subject to the same vesting and other terms and conditions as the corresponding unvested RSUs. DER are accumulated and paid when the underlying shares vest.

Each share issued with respect to RSUs granted under the Director Plan reduces the number of shares available for grant under the plan by two shares. All RSUs granted under the Director Plan are entitled to DER. Rule 10b Trading Plans. During the fourth quarter ofexecutive officers Timothy D.

Cook, Peter Oppenheimer, D. Bruce Sewell, Philip W. Schiller, Daniel Riccio and Jeffrey E. Williams and director William V. Campbell had equity trading plans in place in accordance with Rule 10b c 1 under the Exchange Act. Employee Stock Purchase Plan.

Table of Contents k Plan. Under the k Plan, participating U. Balance at September 25, Balance at September 24, Balance at September 29, Balance at September 28, The total shares withheld were approximately 2. These net-share settlements had the effect of share repurchases by the Company as they reduced and retired the number of shares that would have otherwise been issued as a result of the vesting and did not represent an expense to the Company.

Table of Contents Stock Options. The Company granted 8, and 1, stock options during andrespectively. The Company did not grant any stock options during The Company did not assume any stock options during Table of Contents The following table shows a summary of the share-based compensation expense included in the Consolidated Statements of Operations forand in millions: Total share-based compensation expense.

Accrued Warranty and Indemnification. The Company offers a basic limited parts and labor warranty on its hardware products. The basic warranty period for hardware products is typically one year from the date of purchase by the end-user. The Company provides currently for the estimated cost that may be incurred under its basic limited product warranties at the time related revenue is recognized. Beginning accrued warranty and related costs. Cost of warranty claims. Accruals for product warranty.

Ending accrued warranty and related costs. However, the Company has not been required to make any significant payments resulting from such an infringement claim asserted against it or an indemnified third-party and, in the opinion of management, does not have a potential liability related to unresolved infringement claims subject to indemnification that would materially adversely affect its financial condition or operating results.

Under these agreements, the Company has agreed to indemnify such individuals to the fullest extent permitted by law against liabilities that arise by reason of their status as directors or officers and to advance expenses incurred by such. Table of Contents individuals in connection with related legal proceedings.

Concentrations in the Available Sources of Supply of Materials and Product. The Company uses some custom components that are not commonly used by its competitors, and new products introduced by the Company often utilize custom components available from only one source.

Other Off-Balance Sheet Commitments. The Company leases various equipment and facilities, including retail space, under noncancelable operating lease arrangements. The Company does not currently utilize any other off-balance sheet financing arrangements. The major facility leases are typically for terms not exceeding 10 years and generally provide renewal options for terms not exceeding five additional years. Total minimum lease payments.

The Company is subject to various legal proceedings and claims that have arisen in the ordinary course of business and that have not been fully adjudicated. The Company is challenging the verdict, believes it has valid defenses and has not recorded a loss accrual at this time.

The Company evaluates the performance of its operating segments based on net sales and operating income. Operating income for each segment includes net sales to third parties, related cost of sales and operating expenses directly attributable to the segment. Advertising expenses are generally included in the geographic segment in which the expenditures are incurred. Operating income for each segment excludes other income and expense and certain expenses managed outside the operating segments.

Costs excluded from segment operating income include various corporate expenses such as research and development, corporate marketing expenses, share-based compensation expense, income taxes, various nonrecurring charges, and other separately managed general and administrative costs and certain manufacturing period expenses. The Company does not include intercompany transfers between segments for management reporting purposes.

Segment assets include receivables and inventories, and for the Retail segment also includes capital assets. Segment assets exclude corporate assets, such as cash and cash equivalents, short-term and long-term marketable securities, vendor non-trade receivables, other long-term investments, manufacturing and corporate facilities, product tooling and manufacturing process equipment, miscellaneous corporate infrastructure, goodwill and other acquired intangible assets.

Except for the Retail segment, capital asset purchases for long-lived assets are not reported to management by segment and therefore are excluded from the geographic segment assets and instead included in corporate assets. Depreciation and amortization on segment assets included in the geographic segments was not significant. Table of Contents The following table shows information by operating segment forand in millions: Rest of Asia Pacific: Other corporate expenses, net.

Table of Contents The U. China includes Hong Kong. Long-lived assets located in China consist primarily of product tooling and manufacturing process equipment and assets related to retail stores and related infrastructure. Information regarding net sales by product forandis as follows in millions: Earnings per share a: 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. The Board of Directors and Shareholders of Apple Inc. We have audited the accompanying consolidated balance sheets of Apple Inc. Our responsibility is to express an opinion on these financial statements based on our audits. We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board United States.

Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation.

We believe that our audits provide a reasonable basis for our opinion. In our opinion, the financial statements referred to above present fairly, in all material respects, the consolidated financial position of Apple Inc.

We also have audited, in accordance with the standards of the Public Company Accounting Oversight Board United StatesApple Inc. We have audited Apple Inc. We conducted our audit in accordance with the standards of the Public Company Accounting Oversight Board United States.

Those standards require that we plan and perform the audit to obtain reasonable assurance about whether effective internal control over financial reporting was maintained in all material respects. Our audit included obtaining an understanding of internal control over financial reporting, assessing the risk that a material weakness exists, testing and evaluating the design and operating effectiveness of internal control based on the assessed risk, and performing such other procedures as we considered necessary in the circumstances.

We believe that our audit provides a reasonable basis for our opinion. Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

In our opinion, Apple Inc. We also have audited, in accordance with the standards of the Public Company Accounting Oversight Board United Statesthe consolidated financial statements of Apple Inc. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure None. Evaluation of Disclosure Controls and Procedures. Inherent Limitations Over Internal Controls.

A control system, no matter how well designed and operated, can provide only reasonable, not absolute, assurance that the objectives of the control system are met. Further, the design of a control system must reflect the fact that there are resource constraints, and the benefits of controls must be considered relative to their costs. Because of the inherent limitations in all control systems, no evaluation of internal controls can provide absolute assurance that all control issues and instances of fraud, if any, have been detected.

Also, any evaluation of the effectiveness of controls in future periods are subject to the risk that those internal controls may become inadequate because of changes in business conditions, or that the degree of compliance with the policies or procedures may deteriorate. Table of Contents Changes in Internal Control Over Financial Reporting. Table of Contents PART III. Table of Contents PART IV. Documents filed as part of this report.

All financial statement schedules have been omitted, since the required information is not applicable or is not present in amounts sufficient to require submission of the schedule, or because the information required is included in the consolidated financial statements and notes thereto included in this Form K. KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature appears below constitutes and appoints Timothy D.

Pursuant to the requirements of the Securities Exchange Act ofthis report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated: Chief Executive Officer and Director.

Table of Contents Name. Table of Contents EXHIBIT INDEX. Table of Contents Exhibit. Indicates management contract or compensatory plan or arrangement.

Computation of Ratio of Earnings to Fixed Charges. In millions, except ratios. Earnings before income taxes. Interest component of rental expense. Ratio of Earnings to Fixed Charges b. Fixed charges include the portion of rental expense that management believes is representative of the interest component. We consent to the incorporation by reference in the following Registration Statements: Registration Statement Form S-3 ASR No. Registration Statement Form S-8 No. Global Share Incentive Plan.

Amended Employee Stock Purchase Plan. I have reviewed this annual report on Form K of Apple Inc. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report.

Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report. Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared.

Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles.

I, Peter Oppenheimer, certify that: AS ADOPTED PURSUANT TO. SECTION OF THE SARBANES-OXLEY ACT OF Cook, certify, as of the dates hereof, pursuant to 18 U. I, Peter Oppenheimer, certify, as of the dates hereof, pursuant to 18 U. Print Email PDF WORD XLS XBRL. State or other jurisdiction of incorporation or organization. Address of principal executive offices. Common Stock, no par value. The NASDAQ Stock Market LLC.

Name of exchange on which registered. Average Price Paid Per Share. Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs. Dividends and Dividend Equivalent Rights Paid.