Created by EDGAR Online, Inc.

APPLE INC.
Table_Of_Contents
Form Type: 10-K
Period End: Sep 28, 2024
Date Filed: Nov 01, 2024
Table Of Contents

Table Of Contents
-------------------------------------------------
TABLE1
TABLE2
TABLE3
TABLE4
TABLE5
TABLE6
TABLE7
TABLE8
TABLE9
TABLE10
TABLE11
INCOME STATEMENT
TABLE12
BALANCE SHEET
STOCKHOLDERS EQUITY
CASH FLOW
TABLE13
TABLE14
TABLE15
TABLE16
TABLE17
TABLE18
TABLE19
TABLE20
TABLE21
TABLE22
TABLE23
TABLE24
TABLE25
TABLE26
TABLE27
TABLE28
TABLE29
TABLE30
TABLE31
TABLE32
TABLE33
TABLE34
TABLE35
TABLE36
INCOME STATEMENT2
TABLE37
TABLE38
TABLE39
SUBSIDIARIES
Created by EDGAR Online, Inc.

APPLE INC.
TABLE1
Form Type: 10-K
Period End: Sep 28, 2024
Date Filed: Nov 01, 2024
Table Of Contents

Apple Inc.

(Exact name of Registrant as specified in its charter)

California
(State or other jurisdiction
of incorporation or organization)

One Apple Park Way

Cupertino, California
(Address of principal executive offices)

(408) 996-1010
(Registrant's telephone number, including area code)
 pple Inc.

rant as specified in its charter)

94-2404110
(I.R.S. Employer Identification No.)

95014
(Zip Code)

e number, including area code)

Created by EDGAR Online, Inc.

APPLE INC.
TABLE2
Form Type: 10-K
Period End: Sep 28, 2024
Date Filed: Nov 01, 2024
Table Of Contents

Securities registered pursuant to Section 12(b) of the Act:

Title of each class Trading symbol(s)

Common Stock, $0.00001 par value per AAPL
share
0.00% Notes due 2025 -
0.88% Notes due 2025 -
1.63% Notes due 2026 -
2.00% Notes due 2027 -
1.38% Notes due 2029 -
3.05% Notes due 2029 -
0.50% Notes due 2031 -
3.60% Notes due 2042 -
Name of each exchange on which registered
The Nasdaq Stock Market LLC

The Nasdaq Stock Market LLC

The Nasdaq Stock Market LLC
The Nasdaq Stock Market LLC
The Nasdaq Stock Market LLC
The Nasdaq Stock Market LLC
The Nasdaq Stock Market LLC
The Nasdaq Stock Market LLC
The Nasdaq Stock Market LLC
Created by EDGAR Online, Inc.

APPLE INC.
TABLE3
Form Type: 10-K
Period End: Sep 28, 2024
Date Filed: Nov 01, 2024
Table Of Contents

Large accelerated filer ? Accelerated filer ?

Non-accelerated filer ? Smaller reporting company ?
Emerging growth company ?
Created by EDGAR Online, Inc.

APPLE INC.
TABLE4
Form Type: 10-K
Period End: Sep 28, 2024
Date Filed: Nov 01, 2024
Table Of Contents

Holders

As of October 18, 2024, there were 23,301 shareholders of record.

Purchases of Equity Securities by the Issuer and Affiliated Purchasers

Share repurchase activity during the three months ended September 28, 2024 was
as follows (in millions, except number of shares, which are reflected in
thousands, and per-share amounts):

Average
Price
Total Number Paid Per
Periods of Shares Purchased Share
June 30, 2024 to August 3, 2024:
Open market and privately negotiated
purchases 35,697 $ 224.11

August 4, 2024 to August 31, 2024:

Open market and privately negotiated
purchases 42,910 $ 221.39

September 1, 2024 to September 28,

2024:
Open market and privately negotiated
purchases 33,653 $ 222.86
Total 112,260
Total Number of Approximate
Shares Dollar Value of
Purchased as Part Shares That May
of Publicly Yet Be Purchased
Announced Plans or Under the Plans
Programs or Programs (1)

35,697

42,910

33,653
$89,074
Created by EDGAR Online, Inc.

APPLE INC.
TABLE5
Form Type: 10-K
Period End: Sep 28, 2024
Date Filed: Nov 01, 2024
Table Of Contents

Company Stock Performance

The following graph shows a comparison of five-year cumulative total shareholder

return, calculated on a dividend-reinvested basis, for the Company, the S&P 500
Index and the Dow Jones U.S. Technology Supersector Index. The graph assumes
$100 was invested in each of the Company's common stock, the S&P 500 Index and
the Dow Jones U.S. Technology Supersector Index as of the market close on
September 27, 2019. Past stock price performance is not necessarily indicative
of future stock price performance.

[[Image Removed: 2218]]

September 2019 September 2020

Apple Inc. $ 100 $ 207
S&P 500 Index $ 100 $ 113
Dow Jones U.S. Technology
Supersector Index $ 100 $ 146
September 2021 September 2022 September 2023 September 2024
$ 273 $ 281 $ 322 $ 430
$ 156 $ 131 $ 155 $ 210

$ 216 $ 156 $ 215 $ 322

Created by EDGAR Online, Inc.

APPLE INC.
TABLE6
Form Type: 10-K
Period End: Sep 28, 2024
Date Filed: Nov 01, 2024
Table Of Contents

Segment Operating Performance

The following table shows net sales by reportable segment for 2024, 2023 and
2022 (dollars in millions):

2024 Change 2023 Change

Americas $ 167,045 3% $ 162,560 -4%
Europe 101,328 7% 94,294 -1%
Greater China 66,952 -8% 72,559 -2%
Japan 25,052 3% 24,257 -7%
Rest of Asia Pacific 30,658 4% 29,615 1%
Total net sales $ 391,035 2% $ 383,285 -3%
 2022
$ 169,658
95,118
74,200
25,977
29,375
$ 394,328
Created by EDGAR Online, Inc.

APPLE INC.
TABLE7
Form Type: 10-K
Period End: Sep 28, 2024
Date Filed: Nov 01, 2024
Table Of Contents

Products and Services Performance

The following table shows net sales by category for 2024, 2023 and 2022 (dollars
in millions):

2024 Change 2023

iPhone $ 201,183 0% $ 200,583
Mac 29,984 2% 29,357
iPad 26,694 -6% 28,300
Wearables, Home and Accessories 37,005 -7% 39,845
Services (1) 96,169 13% 85,200
Total net sales $ 391,035 2% $ 383,285
Change 2022
-2% $ 205,489
-27% 40,177
-3% 29,292
-3% 41,241
9% 78,129
-3% $ 394,328
Created by EDGAR Online, Inc.

APPLE INC.
TABLE8
Form Type: 10-K
Period End: Sep 28, 2024
Date Filed: Nov 01, 2024
Table Of Contents

Gross Margin

Products and Services gross margin and gross margin percentage for 2024, 2023
and 2022 were as follows (dollars in millions):

2024 2023 2022

Gross margin:
Products $ 109,633 $ 108,803 $ 114,728
Services 71,050 60,345 56,054
Total gross margin $ 180,683 $ 169,148 $ 170,782

Gross margin percentage:

Products 37.20% 36.50%
Services 73.90% 70.80%
Total gross margin percentage 46.20% 44.10%
024, 2023

36.30%
71.70%
43.30%
Created by EDGAR Online, Inc.

APPLE INC.
TABLE9
Form Type: 10-K
Period End: Sep 28, 2024
Date Filed: Nov 01, 2024
Table Of Contents

Operating Expenses

Operating expenses for 2024, 2023 and 2022 were as follows (dollars in
millions):

2024 Change 2023

Research and development $ 31,370 5% $ 29,915
Percentage of total net sales 8% 8%
Selling, general and administrative $ 26,097 5% $ 24,932
Percentage of total net sales 7% 7%
Total operating expenses $ 57,467 5% $ 54,847
Percentage of total net sales 15% 14%
Change 2022
14% $ 26,251
7%
-1% $ 25,094
6%
7% $ 51,345
13%
Created by EDGAR Online, Inc.

APPLE INC.
TABLE10
Form Type: 10-K
Period End: Sep 28, 2024
Date Filed: Nov 01, 2024
Table Of Contents

Provision for Income Taxes

Provision for income taxes, effective tax rate and statutory federal income tax
rate for 2024, 2023 and 2022 were as follows (dollars in millions):

2024 2023 2022

Provision for income taxes $ 29,749 $ 16,741 $ 19,300
Effective tax rate 24.10% 14.70% 16.20%
Statutory federal income tax rate 21% 21% 21%
Created by EDGAR Online, Inc.

APPLE INC.
TABLE11
Form Type: 10-K
Period End: Sep 28, 2024
Date Filed: Nov 01, 2024
Table Of Contents

Interest Rate Hypothetical Interest

Sensitive Instrument Rate Increase
Investment portfolio 100 basis points, all
tenors
Term debt 100 basis points, all
tenors

Foreign Exchange Rate Risk

The Company's exposure to foreign exchange rate risk relates primarily to the
Company being a net receiver of currencies other than the U.S. dollar. Changes
in exchange rates, and in particular a strengthening of the U.S. dollar, will
negatively affect the Company's net sales and gross margins as expressed in U.S.
dollars. Fluctuations in exchange rates may also affect the fair values of
certain of the Company's assets and liabilities. To protect against foreign
exchange rate risk, the Company may use derivative instruments, offset
exposures, or adjust local currency pricing of its products and services.
However, the Company may choose to not hedge certain foreign currency exposures
for a variety of reasons, including accounting considerations or prohibitive
cost.

The Company applied a value-at-risk ("VAR") model to its foreign currency

derivative positions to assess the potential impact of fluctuations in exchange
rates. The VAR model used a Monte Carlo simulation. The VAR is the maximum
expected loss in fair value, for a given confidence interval, to the Company's
foreign currency derivative positions due to adverse movements in rates. Based
on the results of the model, the Company estimates, with 95% confidence, a
maximum one-day loss in fair value of $538 million and $669 million as of
September 28, 2024 and September 30, 2023, respectively. Changes in the
Company's underlying foreign currency exposures, which were excluded from the
assessment, generally offset changes in the fair values of the Company's foreign
currency derivatives.
Apple Inc. | 2024 Form 10-K | 27
--------------------------------------------------------------------------------------------------------------------------------------------------------------------

Item 8. Financial Statements and Supplementary Data

Index to Consolidated Financial Statements

Consolidated Statements of Operations for the years ended September 28, 2024,
September 30, 2023 and September 24, 2022
Consolidated Statements of Comprehensive Income for the years ended September
28, 2024, September 30, 2023 and September 24, 2022
Consolidated Balance Sheets as of September 28, 2024 and September 30, 2023
Consolidated Statements of Shareholders' Equity for the years ended September
28, 2024, September 30, 2023 and September 24, 2022
Consolidated Statements of Cash Flows for the years ended September 28, 2024,
September 30, 2023 and September 24, 2022
Notes to Consolidated Financial Statements
Reports of Independent Registered Public Accounting Firm

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 accompanying notes.
Apple Inc. | 2024 Form 10-K | 28
--------------------------------------------------------------------------------------------------------------------------------------------------------------------
 Potential Impact 2024 2023
Decline in fair value
$ 2,755 $ 3,089
Increase in annual interest
expense $ 139 $ 194

primarily to the
dollar. Changes
S. dollar, will
xpressed in U.S.
air values of
ainst foreign

d services.
urrency exposures
or prohibitive

eign currency
s in exchange
is the maximum
he Company's
in rates. Based
confidence, a
million as of
hanges in the
xcluded from the
mpany's foreign

----------------------------------------------------

Page
ember 28, 2024,
 29
ended September
30
tember 30, 2023 31
nded September
32
ember 28, 2024,
33
34
48

ient to require
d is included in

----------------------------------------------------
Created by EDGAR Online, Inc.

APPLE INC.
INCOME_STATEMENT
Form Type: 10-K
Period End: Sep 28, 2024
Date Filed: Nov 01, 2024
Table Of Contents

Apple Inc.

CONSOLIDATED STATEMENTS OF OPERATIONS

(In millions, except number of shares, which are reflected in thousands, and
per-share amounts)

September 28,
2024
Net sales:
Products $ 294,866
Services 96,169
Total net sales 391,035

Cost of sales:
Products 185,233
Services 25,119
Total cost of sales 210,352
Gross margin 180,683

Operating expenses:
Research and development 31,370
Selling, general and administrative 26,097
Total operating expenses 57,467

Operating income 123,216

Other income/(expense), net 269
Income before provision for income taxes 123,485
Provision for income taxes 29,749
Net income $ 93,736

Earnings per share:

Basic $ 6.11
Diluted $ 6.08

Shares used in computing earnings per share:

Basic 15,343,783
Diluted 15,408,095
Years ended
September 30, September 24,
2023 2022

$ 298,085 $ 316,199
85,200 78,129
383,285 394,328

189,282 201,471
24,855 22,075
214,137 223,546
169,148 170,782

29,915 26,251
24,932 25,094
54,847 51,345

114,301 119,437
(565) (334)
113,736 119,103
16,741 19,300
$ 96,995 $ 99,803

$ 6.16 $ 6.15
$ 6.13 $ 6.11

15,744,231 16,215,963
15,812,547 16,325,819
Created by EDGAR Online, Inc.

APPLE INC.
TABLE12
Form Type: 10-K
Period End: Sep 28, 2024
Date Filed: Nov 01, 2024
Table Of Contents

Apple Inc.

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

(In millions)

Net income
Other comprehensive income/(loss):
Change in foreign currency translation, net of tax

Change in unrealized gains/losses on derivative

instruments, net of tax:
Change in fair value of derivative instruments
Adjustment for net (gains)/losses realized and included
in net income
Total change in unrealized gains/losses on derivative
instruments

Change in unrealized gains/losses on marketable debt

securities, net of tax:
Change in fair value of marketable debt securities
Adjustment for net (gains)/losses realized and included
in net income
Total change in unrealized gains/losses on marketable
debt securities

Total other comprehensive income/(loss)

Total comprehensive income
 Years ended
September 28, September 30, September 24,
2024 2023 2022
$ 93,736 $ 96,995 $ 99,803

395 (765) (1,511)

(832) 323 3,212

(1,337) (1,717) (1,074)

(2,169) (1,394) 2,138

5,850 1,563 (12,104)

204 253 205

6,054 1,816 (11,899)

4,280 (343) (11,272)

$ 98,016 $ 96,652 $ 88,531
Created by EDGAR Online, Inc.

APPLE INC.
BALANCE_SHEET
Form Type: 10-K
Period End: Sep 28, 2024
Date Filed: Nov 01, 2024
Table Of Contents

Apple Inc.

CONSOLIDATED BALANCE SHEETS

(In millions, except number of shares, which are reflected in thousands, and par
value)

ASSETS:
Current assets:
Cash and cash equivalents
Marketable securities
Accounts receivable, net
Vendor non-trade receivables
Inventories
Other current assets
Total current assets

Non-current assets:
Marketable securities
Property, plant and equipment, net
Other non-current assets
Total non-current assets
Total assets

LIABILITIES AND SHAREHOLDERS' EQUITY:

Current liabilities:
Accounts payable
Other current liabilities
Deferred revenue
Commercial paper
Term debt
Total current liabilities

Non-current liabilities:
Term debt
Other non-current liabilities
Total non-current liabilities
Total liabilities
Commitments and contingencies

Shareholders' equity:
Common stock and additional paid-in capital, $0.00001 par value:
50,400,000 shares authorized; 15,116,786 and 15,550,061 shares
issued and outstanding, respectively
Accumulated deficit
Accumulated other comprehensive loss
Total shareholders' equity
Total liabilities and shareholders' equity
ousands, and par

September 28, September 30,

2024 2023

$ 29,943 $ 29,965
35,228 31,590
33,410 29,508
32,833 31,477
7,286 6,331
14,287 14,695
152,987 143,566

91,479 100,544
45,680 43,715
74,834 64,758
211,993 209,017
$ 364,980 $ 352,583

$ 68,960 $ 62,611
78,304 58,829
8,249 8,061
9,967 5,985
10,912 9,822
176,392 145,308

85,750 95,281
45,888 49,848
131,638 145,129
308,030 290,437
 83,276 73,812
(19,154) (214)
(7,172) (11,452)
56,950 62,146
$ 364,980 $ 352,583
Created by EDGAR Online, Inc.

APPLE INC.
STOCKHOLDERS_EQUITY
Form Type: 10-K
Period End: Sep 28, 2024
Date Filed: Nov 01, 2024
Table Of Contents

Apple Inc.

CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY

(In millions, except per-share amounts)

Total shareholders' equity, beginning balances

Common stock and additional paid-in capital:

Beginning balances
Common stock issued
Common stock withheld related to net share settlement of
equity awards
Share-based compensation
Ending balances

Retained earnings/(Accumulated deficit):

Beginning balances
Net income
Dividends and dividend equivalents declared
Common stock withheld related to net share settlement of
equity awards
Common stock repurchased
Ending balances

Accumulated other comprehensive income/(loss):

Beginning balances
Other comprehensive income/(loss)
Ending balances

Total shareholders' equity, ending balances

Dividends and dividend equivalents declared per share or

RSU
 Years ended
September 28, September 30, September 24,
2024 2023 2022
$ 62,146 $ 50,672 $ 63,090

73,812 64,849 57,365

1,423 1,346 1,175

(3,993) (3,521) (2,971)

12,034 11,138 9,280
83,276 73,812 64,849

(214) (3,068) 5,562

93,736 96,995 99,803
(15,218) (14,996) (14,793)

(1,612) (2,099) (3,454)

(95,846) (77,046) (90,186)
(19,154) (214) (3,068)

(11,452) (11,109) 163

4,280 (343) (11,272)
(7,172) (11,452) (11,109)

$ 56,950 $ 62,146 $ 50,672

$ 0.98 $ 0.94 $ 0.90

Created by EDGAR Online, Inc.

APPLE INC.
CASH_FLOW
Form Type: 10-K
Period End: Sep 28, 2024
Date Filed: Nov 01, 2024
Table Of Contents

Apple Inc.

CONSOLIDATED STATEMENTS OF CASH FLOWS

(In millions)

September 28,
2024
Cash, cash equivalents, and restricted cash and cash
equivalents, beginning balances $ 30,737

Operating activities:
Net income 93,736
Adjustments to reconcile net income to cash generated by
operating activities:
Depreciation and amortization 11,445
Share-based compensation expense 11,688

Other (2,266)
Changes in operating assets and liabilities:
Accounts receivable, net (3,788)
Vendor non-trade receivables (1,356)
Inventories (1,046)
Other current and non-current assets (11,731)
Accounts payable 6,020
Other current and non-current liabilities 15,552
Cash generated by operating activities 118,254

Investing activities:
Purchases of marketable securities (48,656)
Proceeds from maturities of marketable securities 51,211
Proceeds from sales of marketable securities 11,135
Payments for acquisition of property, plant and equipment (9,447)

Other (1,308)
Cash generated by/(used in) investing activities 2,935

Financing activities:
Payments for taxes related to net share settlement of
equity awards (5,441)
Payments for dividends and dividend equivalents (15,234)
Repurchases of common stock (94,949)
Proceeds from issuance of term debt, net -
Repayments of term debt (9,958)
Proceeds from/(Repayments of) commercial paper, net 3,960
Other (361)
Cash used in financing activities (121,983)

Increase/(Decrease) in cash, cash equivalents, and

restricted cash and cash equivalents (794)
Cash, cash equivalents, and restricted cash and cash
equivalents, ending balances $ 29,943

Supplemental cash flow disclosure:

Cash paid for income taxes, net $ 26,102
Years ended
September 30, September 24,
2023 2022

$ 24,977 $ 35,929

96,995 99,803

11,519 11,104
10,833 9,038

(2,227) 1,006

(1,688) (1,823)
1,271 (7,520)
(1,618) 1,484
(5,684) (6,499)
(1,889) 9,448
3,031 6,110
110,543 122,151

(29,513) (76,923)
39,686 29,917
5,828 37,446
(10,959) (10,708)

(1,337) (2,086)
3,705 (22,354)

(5,431) (6,223)
 (15,025) (14,841)
(77,550) (89,402)
5,228 5,465
(11,151) (9,543)
(3,978) 3,955
(581) (160)
(108,488) (110,749)

5,760 (10,952)

$ 30,737 $ 24,977

$ 18,679 $ 19,573
Created by EDGAR Online, Inc.

APPLE INC.
TABLE13
Form Type: 10-K
Period End: Sep 28, 2024
Date Filed: Nov 01, 2024
Table Of Contents

2024 2023
iPhone $ 201,183 $ 200,583
Mac 29,984 29,357
iPad 26,694 28,300
Wearables, Home and Accessories 37,005 39,845
Services (1) 96,169 85,200
Total net sales $ 391,035 $ 383,285
 2022
$ 205,489
40,177
29,292
41,241
78,129
$ 394,328
Created by EDGAR Online, Inc.

APPLE INC.
TABLE14
Form Type: 10-K
Period End: Sep 28, 2024
Date Filed: Nov 01, 2024
Table Of Contents

Note 3 - Earnings Per Share

The following table shows the computation of basic and diluted earnings per
share for 2024, 2023 and 2022 (net income in millions and shares in thousands):

2024 2023
Numerator:
Net income $ 93,736 $ 96,995

Denominator:
Weighted-average basic shares outstanding 15,343,783 15,744,231
Effect of dilutive share-based awards 64,312 68,316
Weighted-average diluted shares 15,408,095 15,812,547

Basic earnings per share $ 6.11 $ 6.16

Diluted earnings per share $ 6.08 $ 6.13
 2022

$ 99,803

16,215,963
109,856
16,325,819

$ 6.15
$ 6.11
Created by EDGAR Online, Inc.

APPLE INC.
TABLE15
Form Type: 10-K
Period End: Sep 28, 2024
Date Filed: Nov 01, 2024
Table Of Contents

Note 4 - Financial Instruments

Cash, Cash Equivalents and Marketable Securities

The following tables show the Company's cash, cash equivalents and marketable
securities by significant investment category as of September 28, 2024 and
September 30, 2023 (in millions):

Adjusted Unrealized Unrealized

Cost Gains Losses
Cash $ 27,199 $ - $ -
Level 1:
Money market funds 778 - -
Mutual funds 515 105 (3)
Subtotal 1,293 105 (3)
Level 2 (1):
U.S. Treasury securities 16,150 45 (516)
U.S. agency securities 5,431 - (272)
Non-U.S. government securities 17,959 93 (484)
Certificates of deposit and time
deposits 873 - -
Commercial paper 1,066 - -
Corporate debt securities 65,622 270 (1,953)
Municipal securities 412 - (7)
Mortgage- and asset-backed
securities 24,595 175 (1,403)
Subtotal 132,108 583 (4,635)
Total (2)(3) $ 160,600 $ 688 $ (4,638)
 2024
Cash and Current Non-Current
Fair Cash Marketable Marketable
Value Equivalents Securities Securities
$ 27,199 $ 27,199 $ - $ -

778 778 - -
617 - 617 -
1,395 778 617 -

15,679 212 4,087 11,380

5,159 155 703 4,301
17,568 1,158 10,810 5,600

873 387 478 8

1,066 28 1,038 -
63,939 26 16,027 47,886
405 - 190 215

23,367 - 1,278 22,089

128,056 1,966 34,611 91,479
$ 156,650 $ 29,943 $ 35,228 $ 91,479
Created by EDGAR Online, Inc.

APPLE INC.
TABLE16
Form Type: 10-K
Period End: Sep 28, 2024
Date Filed: Nov 01, 2024
Table Of Contents

Apple Inc. | 2024 Form 10-K | 36

------------------------------------------------------------------------------------------------------------------------------------

Adjusted Unrealized Unrealized

Cost Gains Losses
Cash $ 28,359 $ - $ -
Level 1:
Money market funds 481 - -
Mutual funds and equity
securities 442 12 (26)
Subtotal 923 12 (26)
Level 2 (1):
U.S. Treasury securities 19,406 - (1,292)
U.S. agency securities 5,736 - (600)
Non-U.S. government securities 17,533 6 (1,048)
Certificates of deposit and time
deposits 1,354 - -
Commercial paper 608 - -
Corporate debt securities 76,840 6 (5,956)
Municipal securities 628 - (26)
Mortgage- and asset-backed
securities 22,365 6 (2,735)
Subtotal 144,470 18 (11,657)
Total (3) $ 173,752 $ 30 $ (11,683)
 2023
Cash and Current Non-Current
Fair Cash Marketable Marketable
Value Equivalents Securities Securities
$ 28,359 $ 28,359 $ - $ -

481 481 - -

428 - 428 -
909 481 428 -

18,114 35 5,468 12,611

5,136 36 271 4,829
16,491 - 11,332 5,159

1,354 1,034 320 -

608 - 608 -
70,890 20 12,627 58,243
602 - 192 410

19,636 - 344 19,292

132,831 1,125 31,162 100,544
$ 162,099 $ 29,965 $ 31,590 $ 100,544
Created by EDGAR Online, Inc.

APPLE INC.
TABLE17
Form Type: 10-K
Period End: Sep 28, 2024
Date Filed: Nov 01, 2024
Table Of Contents

Interest Rate Risk

To protect the Company's term debt or marketable securities from fluctuations in

interest rates, the Company may use interest rate swaps, options or other
instruments. The Company designates these instruments as either cash flow or
fair value hedges.

The notional amounts of the Company's outstanding derivative instruments as of

September 28, 2024 and September 30, 2023 were as follows (in millions):

2024
Derivative instruments designated as accounting hedges:
Foreign exchange contracts $ 64,069
Interest rate contracts $ 14,575

Derivative instruments not designated as accounting hedges:

Foreign exchange contracts $ 91,493
 2023

$ 74,730
$ 19,375

$ 104,777
Created by EDGAR Online, Inc.

APPLE INC.
TABLE18
Form Type: 10-K
Period End: Sep 28, 2024
Date Filed: Nov 01, 2024
Table Of Contents

2024 2023
Hedged assets/(liabilities):
Current and non-current marketable securities $ - $ 14,433
Current and non-current term debt $ (13,505) $ (18,247)

Accounts Receivable
Created by EDGAR Online, Inc.

APPLE INC.
TABLE19
Form Type: 10-K
Period End: Sep 28, 2024
Date Filed: Nov 01, 2024
Table Of Contents

Note 5 - Property, Plant and Equipment

The following table shows the Company's gross property, plant and equipment by
major asset class and accumulated depreciation as of September 28, 2024 and
September 30, 2023 (in millions):

2024 2023
Land and buildings $ 24,690 $ 23,446
Machinery, equipment and internal-use software 80,205 78,314
Leasehold improvements 14,233 12,839
Gross property, plant and equipment 119,128 114,599
Accumulated depreciation (73,448) (70,884)
Total property, plant and equipment, net $ 45,680 $ 43,715
Created by EDGAR Online, Inc.

APPLE INC.
TABLE20
Form Type: 10-K
Period End: Sep 28, 2024
Date Filed: Nov 01, 2024
Table Of Contents

Note 6 - Consolidated Financial Statement Details

The following tables show the Company's consolidated financial statement details
as of September 28, 2024 and September 30, 2023 (in millions):

Other Non-Current Assets

2024 2023
Deferred tax assets $ 19,499 $ 17,852
Other non-current assets 55,335 46,906
Total other non-current assets $ 74,834 $ 64,758

Other Current Liabilities

2024 2023
Income taxes payable $ 26,601 $ 8,819
Other current liabilities 51,703 50,010
Total other current liabilities $ 78,304 $ 58,829

Other Non-Current Liabilities

2024 2023
Income taxes payable $ 9,254 $ 15,457
Other non-current liabilities 36,634 34,391
Total other non-current liabilities $ 45,888 $ 49,848
Created by EDGAR Online, Inc.

APPLE INC.
TABLE21
Form Type: 10-K
Period End: Sep 28, 2024
Date Filed: Nov 01, 2024
Table Of Contents

Provision for Income Taxes and Effective Tax Rate

The provision for income taxes for 2024, 2023 and 2022, consisted of the
following (in millions):

2024 2023 2022

Federal:
Current $ 5,571 $ 9,445 $ 7,890
Deferred (3,080) (3,644) (2,265)
Total 2,491 5,801 5,625
State:
Current 1,726 1,570 1,519
Deferred (298) (49) 84
Total 1,428 1,521 1,603
Foreign:
Current 25,483 8,750 8,996
Deferred 347 669 3,076
Total 25,830 9,419 12,072
Provision for income taxes $ 29,749 $ 16,741 $ 19,300
Created by EDGAR Online, Inc.

APPLE INC.
TABLE22
Form Type: 10-K
Period End: Sep 28, 2024
Date Filed: Nov 01, 2024
Table Of Contents

2024 2023
Computed expected tax $ 25,932 $ 23,885
State taxes, net of federal effect 1,162 1,124
Impact of the State Aid Decision 10,246 -
Earnings of foreign subsidiaries (5,311) (5,744)
Research and development credit, net (1,397) (1,212)
Excess tax benefits from equity awards (893) (1,120)
Other 10 (192)
Provision for income taxes $ 29,749 $ 16,741
Effective tax rate 24.10% 14.70%
 2022
$ 25,012
1,518
-
(4,366)
(1,153)
(1,871)
160
$ 19,300
16.20%
Created by EDGAR Online, Inc.

APPLE INC.
TABLE23
Form Type: 10-K
Period End: Sep 28, 2024
Date Filed: Nov 01, 2024
Table Of Contents

Apple Inc. | 2024 Form 10-K | 40

------------------------------------------------------------------------------------------------------------------------

Deferred Tax Assets and Liabilities

As of September 28, 2024 and September 30, 2023, the significant components of
the Company's deferred tax assets and liabilities were (in millions):

2024 2023
Deferred tax assets:
Capitalized research and development $ 10,739 $ 6,294
Tax credit carryforwards 8,856 8,302
Accrued liabilities and other reserves 6,114 6,365
Deferred revenue 3,413 4,571
Lease liabilities 2,410 2,421
Unrealized losses 1,173 2,447
Other 2,168 2,343
Total deferred tax assets 34,873 32,743
Less: Valuation allowance (8,866) (8,374)
Total deferred tax assets, net 26,007 24,369
Deferred tax liabilities:
Depreciation 2,551 1,998
Right-of-use assets 2,125 2,179
Minimum tax on foreign earnings 1,674 1,940
Unrealized gains - 511
Other 455 490
Total deferred tax liabilities 6,805 7,118
Net deferred tax assets $ 19,202 $ 17,251
Created by EDGAR Online, Inc.

APPLE INC.
TABLE24
Form Type: 10-K
Period End: Sep 28, 2024
Date Filed: Nov 01, 2024
Table Of Contents

2024 2023
Beginning balances $ 19,454 $ 16,758
Increases related to tax positions taken during a
prior year 1,727 2,044
Decreases related to tax positions taken during a
prior year (386) (1,463)
Increases related to tax positions taken during the
current year 2,542 2,628
Decreases related to settlements with taxing
authorities (1,070) (19)
Decreases related to expiration of the statute of
limitations (229) (494)
Ending balances $ 22,038 $ 19,454
 2022
$ 15,477

2,284

(1,982)

1,936

(28)

(929)
$ 16,758
Created by EDGAR Online, Inc.

APPLE INC.
TABLE25
Form Type: 10-K
Period End: Sep 28, 2024
Date Filed: Nov 01, 2024
Table Of Contents

Lease-Related Assets and Liabilities Financial Statement Line Items

Right-of-use assets:
Operating leases Other non-current assets
Property, plant and equipment,
Finance leases net
Total right-of-use assets

Lease liabilities:
Operating leases Other current liabilities
Other non-current liabilities
Finance leases Other current liabilities
Other non-current liabilities
Total lease liabilities
 2024 2023

$ 10,234 $ 10,661

1,069 1,015
$ 11,303 $ 11,676

$ 1,488 $ 1,410
10,046 10,408
144 165
752 859
$ 12,430 $ 12,842
Created by EDGAR Online, Inc.

APPLE INC.
TABLE26
Form Type: 10-K
Period End: Sep 28, 2024
Date Filed: Nov 01, 2024
Table Of Contents

Operating Finance
Leases Leases Total
2025 $ 1,820 $ 171 $ 1,991
2026 1,914 131 2,045
2027 1,674 59 1,733
2028 1,360 38 1,398
2029 1,187 36 1,223
Thereafter 5,563 837 6,400
Total undiscounted liabilities 13,518 1,272 14,790
Less: Imputed interest (1,984) (376) (2,360)
Total lease liabilities $ 11,534 $ 896 $ 12,430
Created by EDGAR Online, Inc.

APPLE INC.
TABLE27
Form Type: 10-K
Period End: Sep 28, 2024
Date Filed: Nov 01, 2024
Table Of Contents

2024
Maturities 90 days or less:
Proceeds from/(Repayments of) commercial paper, net $ 3,960

Maturities greater than 90 days:

Proceeds from commercial paper -
Repayments of commercial paper -
Proceeds from/(Repayments of) commercial paper, net -

Total proceeds from/(repayments of) commercial paper, net $ 3,960

 2023 2022

$ (1,333) $ 5,264

- 5,948
(2,645) (7,257)
(2,645) (1,309)

$ (3,978) $ 3,955
Created by EDGAR Online, Inc.

APPLE INC.
TABLE28
Form Type: 10-K
Period End: Sep 28, 2024
Date Filed: Nov 01, 2024
Table Of Contents

Term Debt

The Company has outstanding Notes, which are senior unsecured obligations with
interest payable in arrears. The following table provides a summary of the
Company's term debt as of September 28, 2024 and September 30, 2023:

Maturities
(calendar year)
2013 - 2023 debt issuances:
Fixed-rate 0.000% - 4.850% notes 2024 - 2062

Total term debt principal

Unamortized premium/(discount) and

issuance costs, net
Hedge accounting fair value adjustments
Total term debt
Less: Current portion of term debt
Total non-current portion of term debt
gations with

2024 2023
Amount Effective Amount Effective
(in millions) Interest Rate (in millions) Interest Rate

$ 97,341 0.03% - 6.65% $ 106,572 0.03%

97,341 106,572

(321) (356)
(358) (1,113)
96,662 105,103
(10,912) (9,822)
$ 85,750 $ 95,281
 Effective
Interest Rate

- 6.72%
Created by EDGAR Online, Inc.

APPLE INC.
TABLE29
Form Type: 10-K
Period End: Sep 28, 2024
Date Filed: Nov 01, 2024
Table Of Contents

2025 $ 10,930
2026 12,342
2027 9,936
2028 7,800
2029 5,153
Thereafter 51,180
Total term debt principal $ 97,341
Created by EDGAR Online, Inc.

APPLE INC.
TABLE30
Form Type: 10-K
Period End: Sep 28, 2024
Date Filed: Nov 01, 2024
Table Of Contents

Shares of Common Stock

The following table shows the changes in shares of common stock for 2024, 2023
and 2022 (in thousands):

2024
Common stock outstanding, beginning balances 15,550,061
Common stock repurchased (499,372)
Common stock issued, net of shares withheld for
employee taxes 66,097
Common stock outstanding, ending balances 15,116,786
 2023 2022
15,943,425 16,426,786
(471,419) (568,589)

78,055 85,228
15,550,061 15,943,425
Created by EDGAR Online, Inc.

APPLE INC.
TABLE31
Form Type: 10-K
Period End: Sep 28, 2024
Date Filed: Nov 01, 2024
Table Of Contents

Restricted Stock Units

A summary of the Company's RSU activity and related information for 2024, 2023
and 2022, is as follows:

Number of Weighted-Average
RSUs Grant-Date Fair
(in thousands) Value Per RSU
Balance as of September 25, 2021 240,427 $ 75.16
RSUs granted 91,674 $ 150.70
RSUs vested (115,861) $ 72.12
RSUs canceled (14,739) $ 99.77
Balance as of September 24, 2022 201,501 $ 109.48
RSUs granted 88,768 $ 150.87
RSUs vested (101,878) $ 97.31
RSUs canceled (8,144) $ 127.98
Balance as of September 30, 2023 180,247 $ 135.91
RSUs granted 80,456 $ 173.78
RSUs vested (87,633) $ 127.59
RSUs canceled (9,744) $ 140.80
Balance as of September 28, 2024 163,326 $ 158.73
Aggregate
Fair Value
(in millions)

$37,204
Created by EDGAR Online, Inc.

APPLE INC.
TABLE32
Form Type: 10-K
Period End: Sep 28, 2024
Date Filed: Nov 01, 2024
Table Of Contents

Share-Based Compensation

The following table shows share-based compensation expense and the related
income tax benefit included in the Consolidated Statements of Operations for
2024, 2023 and 2022 (in millions):

2024 2023
Share-based compensation expense $ 11,688 $ 10,833
Income tax benefit related to share-based
compensation expense $ (3,350) $ (3,421)
 2022
$ 9,038

$ (4,002)
Created by EDGAR Online, Inc.

APPLE INC.
TABLE33
Form Type: 10-K
Period End: Sep 28, 2024
Date Filed: Nov 01, 2024
Table Of Contents

Note 12 - Commitments, Contingencies and Supply Concentrations

Unconditional Purchase Obligations

The Company has entered into certain off-balance sheet commitments that require

the future purchase of goods or services ("unconditional purchase obligations").

The Company's unconditional purchase obligations primarily consist of supplier

arrangements, licensed intellectual property and content, and distribution

rights. Future payments under unconditional purchase obligations with a

remaining term in excess of one year as of September 28, 2024, are as follows

(in millions):

2025 $ 3,206
2026 2,440
2027 1,156
2028 3,121
2029 633
Thereafter 670
Total $ 11,226
Created by EDGAR Online, Inc.

APPLE INC.
TABLE34
Form Type: 10-K
Period End: Sep 28, 2024
Date Filed: Nov 01, 2024
Table Of Contents

2024 2023 2022

Americas:
Net sales $ 167,045 $ 162,560 $ 169,658
Operating income $ 67,656 $ 60,508 $ 62,683

Europe:
Net sales $ 101,328 $ 94,294 $ 95,118
Operating income $ 41,790 $ 36,098 $ 35,233

Greater China:
Net sales $ 66,952 $ 72,559 $ 74,200
Operating income $ 27,082 $ 30,328 $ 31,153

Japan:
Net sales $ 25,052 $ 24,257 $ 25,977
Operating income $ 12,454 $ 11,888 $ 12,257

Rest of Asia Pacific:

Net sales $ 30,658 $ 29,615 $ 29,375
Operating income $ 13,062 $ 12,066 $ 11,569
Created by EDGAR Online, Inc.

APPLE INC.
TABLE35
Form Type: 10-K
Period End: Sep 28, 2024
Date Filed: Nov 01, 2024
Table Of Contents

2024 2023
Segment operating income $ 162,044 $ 150,888
Research and development expense (31,370) (29,915)
Other corporate expenses, net (1) (7,458) (6,672)
Total operating income $ 123,216 $ 114,301
 2022
$ 152,895
(26,251)
(7,207)
$ 119,437
Created by EDGAR Online, Inc.

APPLE INC.
TABLE36
Form Type: 10-K
Period End: Sep 28, 2024
Date Filed: Nov 01, 2024
Table Of Contents

2024 2023 2022

Net sales:
U.S. $ 142,196 $ 138,573 $ 147,859
China (1) 66,952 72,559 74,200
Other countries 181,887 172,153 172,269
Total net sales $ 391,035 $ 383,285 $ 394,328

2024 2023
Long-lived assets:
U.S. $ 35,664 $ 33,276
China (1) 4,797 5,778
Other countries 5,219 4,661
Total long-lived assets $ 45,680 $ 43,715
Created by EDGAR Online, Inc.

APPLE INC.
INCOME_STATEMENT2
Form Type: 10-K
Period End: Sep 28, 2024
Date Filed: Nov 01, 2024
Table Of Contents

Description of the Matter

ine, Inc.

24
4

Uncertain Tax Positions

As discussed in Note 7 to the financial statements, the Company is
subject to income taxes in the U.S. and numerous foreign
jurisdictions. As of September 28, 2024, the total amount of gross
unrecognized tax benefits was $22.0 billion, of which $10.8 billion,
if recognized, would impact the Company's effective tax rate. In
accounting for some of the uncertain tax positions, the Company uses
significant judgment in the interpretation and application of GAAP
and complex domestic and international tax laws.
Auditing management's evaluation of whether an uncertain tax
position is more likely than not to be sustained and the measurement
of the benefit of various tax positions can be complex, involves
significant judgment, and is based on interpretations of tax laws
and legal rulings.
Created by EDGAR Online, Inc.

APPLE INC.
TABLE37
Form Type: 10-K
Period End: Sep 28, 2024
Date Filed: Nov 01, 2024
Table Of Contents

Apple Inc. | 2024 Form 10-K | 48

--------------------------------------------------------------------------------------------------------------------------------------------------------------------

How We Addressed the

Matter in Our Audit

/s/ Ernst & Young LLP

We have served as the Company's auditor since 2009.

San Jose, California

November 1, 2024

--------------------------------------------------------------------------------------------------------------------------------------------------------------------
nline, Inc.

024
24

Apple Inc. | 2024 Form 10-K | 48

------------------------------------------------------------------------------------------------------------------------------------------------

We tested controls relating to the evaluation of uncertain tax

positions, including controls over management's assessment as to
whether tax positions are more likely than not to be sustained,
management's process to measure the benefit of its tax positions
that qualify for recognition, and the related disclosures.
We evaluated the Company's assessment of which tax positions are
more likely than not to be sustained and the related measurement of
the amount of tax benefit that qualifies for recognition. Our audit
procedures included, among others, reading and evaluating
management's assumptions and analysis, and, as applicable, the
Company's communications with taxing authorities, that detailed the
basis and technical merits of the uncertain tax positions. We
involved our tax subject matter resources in assessing the technical
merits of certain of the Company's tax positions based on our
knowledge of relevant tax laws and experience with related taxing
authorities. For a certain tax position, we also received an
external legal counsel confirmation letter and discussed the matter
with external advisors and the Company's tax personnel. In addition,
we evaluated the Company's disclosure in relation to these matters
included in Note 7 to the financial statements.

We have served as the Company's auditor since 2009.

Apple Inc. | 2024 Form 10-K | 49

------------------------------------------------------------------------------------------------------------------------------------------------
Created by EDGAR Online, Inc.

APPLE INC.
TABLE38
Form Type: 10-K
Period End: Sep 28, 2024
Date Filed: Nov 01, 2024
Table Of Contents

(3)Exhibits required by Item 601 of Regulation S-K (1)

Exhibit Number Exhibit Description

3.10 Restated Articles of Incorporation of the Registrant
filed on August 3, 2020.
3.20 Amended and Restated Bylaws of the Registrant
effective as of August 20, 2024.
4.1** Description of Securities of the Registrant.
4.20 Indenture, dated as of April 29, 2013, between the
Registrant and The Bank of New York Mellon Trust
Company, N.A., as Trustee.
4.30 Officer's Certificate of the Registrant, dated as of
May 3, 2013, including forms of global notes
representing the Floating Rate Notes due 2016,
Floating Rate Notes due 2018, 0.45% Notes due 2016,
1.00% Notes due 2018, 2.40% Notes due 2023 and 3.85%
Notes due 2043.
4.40 Officer's Certificate of the Registrant, dated as of
May 6, 2014, including forms of global notes
representing the Floating Rate Notes due 2017,
Floating Rate Notes due 2019, 1.05% Notes due 2017,
2.10% Notes due 2019, 2.85% Notes due 2021, 3.45%
Notes due 2024 and 4.45% Notes due 2044.
4.50 Officer's Certificate of the Registrant, dated as of
November 10, 2014, including forms of global notes
representing the 1.000% Notes due 2022 and 1.625%
Notes due 2026.
4.60 Officer's Certificate of the Registrant, dated as of
February 9, 2015, including forms of global notes
representing the Floating Rate Notes due 2020, 1.55%
Notes due 2020, 2.15% Notes due 2022, 2.50% Notes due
2025 and 3.45% Notes due 2045.
4.70 Officer's Certificate of the Registrant, dated as of
May 13, 2015, including forms of global notes
representing the Floating Rate Notes due 2017,
Floating Rate Notes due 2020, 0.900% Notes due 2017,
2.000% Notes due 2020, 2.700% Notes due 2022, 3.200%
Notes due 2025, and 4.375% Notes due 2045.
 4.80 Officer's Certificate of the Registrant, dated as of
July 31, 2015, including forms of global notes
representing the 3.05% Notes due 2029 and 3.60% Notes
due 2042.
4.90 Officer's Certificate of the Registrant, dated as of
September 17, 2015, including forms of global notes
representing the 1.375% Notes due 2024 and 2.000%
Notes due 2027.

Apple Inc. | 2024 Form 10-K | 53

--------------------------------------------------------------------------------------------------------------------------------------------

Exhibit Number Exhibit Description

4.10 Officer's Certificate of the Registrant, dated as
of February 23, 2016, including forms of global notes
representing the Floating Rate Notes due 2019,
Floating Rate Notes due 2021, 1.300% Notes due 2018,
1.700% Notes due 2019, 2.250% Notes due 2021, 2.850%
Notes due 2023, 3.250% Notes due 2026, 4.500% Notes
due 2036 and 4.650% Notes due 2046.
4.11 Supplement No. 1 to the Officer's Certificate of
the Registrant, dated as of March 24, 2016.
4.12 Officer's Certificate of the Registrant, dated as
of August 4, 2016, including forms of global notes
representing the Floating Rate Notes due 2019, 1.100%
Notes due 2019, 1.550% Notes due 2021, 2.450% Notes
due 2026 and 3.850% Notes due 2046.
4.13 Officer's Certificate of the Registrant, dated as
of February 9, 2017, including forms of global notes
representing the Floating Rate Notes due 2019,
Floating Rate Notes due 2020, Floating Rate Notes due
2022, 1.550% Notes due 2019, 1.900% Notes due 2020,
2.500% Notes due 2022, 3.000% Notes due 2024, 3.350%
Notes due 2027 and 4.250% Notes due 2047.
4.14 Officer's Certificate of the Registrant, dated as
of May 11, 2017, including forms of global notes
representing the Floating Rate Notes due 2020,
Floating Rate Notes due 2022, 1.800% Notes due 2020,
2.300% Notes due 2022, 2.850% Notes due 2024 and
3.200% Notes due 2027.
4.15 Officer's Certificate of the Registrant, dated as
of May 24, 2017, including forms of global notes
representing the 0.875% Notes due 2025 and 1.375%
Notes due 2029.
4.16 Officer's Certificate of the Registrant, dated as
 of June 20, 2017, including form of global note
representing the 3.000% Notes due 2027.
4.17 Officer's Certificate of the Registrant, dated as
of September 12, 2017, including forms of global
notes representing the 1.500% Notes due 2019, 2.100%
Notes due 2022, 2.900% Notes due 2027 and 3.750%
Notes due 2047.
4.18 Officer's Certificate of the Registrant, dated as
of November 13, 2017, including forms of global notes
representing the 1.800% Notes due 2019, 2.000% Notes
due 2020, 2.400% Notes due 2023, 2.750% Notes due
2025, 3.000% Notes due 2027 and 3.750% Notes due
2047.
4.19 Indenture, dated as of November 5, 2018, between
the Registrant and The Bank of New York Mellon Trust
Company, N.A., as Trustee.
4.20 Officer's Certificate of the Registrant, dated as
of September 11, 2019, including forms of global
notes representing the 1.700% Notes due 2022, 1.800%
Notes due 2024, 2.050% Notes due 2026, 2.200% Notes
due 2029 and 2.950% Notes due 2049.
4.21 Officer's Certificate of the Registrant, dated as
of November 15, 2019, including forms of global notes
representing the 0.000% Notes due 2025 and 0.500%
Notes due 2031.
4.22 Officer's Certificate of the Registrant, dated as
of May 11, 2020, including forms of global notes
representing the 0.750% Notes due 2023, 1.125% Notes
due 2025, 1.650% Notes due 2030 and 2.650% Notes due
2050.
4.23 Officer's Certificate of the Registrant, dated as
of August 20, 2020, including forms of global notes
representing the 0.550% Notes due 2025, 1.25% Notes
due 2030, 2.400% Notes due 2050 and 2.550% Notes due
2060.
4.24 Officer's Certificate of the Registrant, dated as
of February 8, 2021, including forms of global notes
representing the 0.700% Notes due 2026, 1.200% Notes
due 2028, 1.650% Notes due 2031, 2.375% Notes due
2041, 2.650% Notes due 2051 and 2.800% Notes due
2061.
4.25 Officer's Certificate of the Registrant, dated as
of August 5, 2021, including forms of global notes
representing the 1.400% Notes due 2028, 1.700% Notes
due 2031, 2.700% Notes due 2051 and 2.850% Notes due
2061.
4.26 Indenture, dated as of October 28, 2021, between
the Registrant and The Bank of New York Mellon Trust
Company, N.A., as Trustee.
 4.27 Officer's Certificate of the Registrant, dated as
of August 8, 2022, including forms of global notes
representing the 3.250% Notes due 2029, 3.350% Notes
due 2032, 3.950% Notes due 2052 and 4.100% Notes due
2062.

Apple Inc. | 2024 Form 10-K | 54

--------------------------------------------------------------------------------------------------------------------------------------------

Exhibit Number Exhibit Description

4.28 Officer's Certificate of the Registrant, dated as of
May 10, 2023, including forms of global notes
representing the 4.421% Notes due 2026, 4.000% Notes
due 2028, 4.150% Notes due 2030, 4.300% Notes due 2033
and 4.850% Notes due 2053.
4.29* Apple Inc. Deferred Compensation Plan.
10.1* Apple Inc. Employee Stock Purchase Plan, as amended
and restated as of March 10, 2015.
10.2* Form of Indemnification Agreement between the
Registrant and each director and executive officer of
the Registrant.
10.3* Apple Inc. Non-Employee Director Stock Plan, as
amended November 9, 2021.
10.4* Apple Inc. 2014 Employee Stock Plan, as amended and
restated as of October 1, 2017.
10.5* Form of Restricted Stock Unit Award Agreement under
2014 Employee Stock Plan effective as of September 26,
2017.
10.6* Form of Restricted Stock Unit Award Agreement under
Non-Employee Director Stock Plan effective as of
February 13, 2018.
10.7* Form of Restricted Stock Unit Award Agreement under
2014 Employee Stock Plan effective as of August 21,
2018.
10.8* Form of Restricted Stock Unit Award Agreement under
2014 Employee Stock Plan effective as of September 29,
2019.
10.9* Form of Restricted Stock Unit Award Agreement under
2014 Employee Stock Plan effective as of August 18,
2020.
10.10* Form of Performance Award Agreement under 2014
Employee Stock Plan effective as of August 18, 2020.
10.11* Form of CEO Restricted Stock Unit Award Agreement
under 2014 Employee Stock Plan effective as of
September 27, 2020.
10.12* Form of CEO Performance Award Agreement under 2014
Employee Stock Plan effective as of September 27,
2020.
10.13* Apple Inc. 2022 Employee Stock Plan.
10.14* Form of Restricted Stock Unit Award Agreement under
2022 Employee Stock Plan effective as of March 4,
2022.
10.15* Form of Performance Award Agreement under 2022
Employee Stock Plan effective as of March 4, 2022.
10.16* Apple Inc. Executive Cash Incentive Plan.
10.17* Form of CEO Restricted Stock Unit Award Agreement
under 2022 Employee Stock Plan effective as of
September 25, 2022.
10.18* Form of CEO Performance Award Agreement under 2022
Employee Stock Plan effective as of September 25,
2022.
10.19*, ** Form of Restricted Stock Unit Award Agreement under
2022 Employee Stock Plan effective as of September 29,
2024.
10.20*, ** Form of Performance Award Agreement under 2022
Employee Stock Plan effective as of September 29,
2024.
10.21*, ** Form of CEO Restricted Stock Unit Award Agreement
under 2022 Employee Stock Plan effective as of
September 29, 2024.
10.22*, ** Form of CEO Performance Award Agreement under 2022
Employee Stock Plan effective as of September 29,
2024.
19.1** I nsider Trading Policy
21.1** Subsidiaries of the Registrant.
23.1** Consent of Independent Registered Public Accounting
Firm.
24.1** Power of Attorney (included on the Signatures page of
this Annual Report on Form 10-K).
31.1** Rule 13a-14(a) / 15d-14(a) Certification of Chief
Executive Officer.
31.2** Rule 13a-14(a) / 15d-14(a) Certification of Chief
Financial Officer.
32.1*** Section 1350 Certifications of Chief Executive
Officer and Chief Financial Officer.
97.1*, ** Rule 10D-1 Reco very Pol icy

Apple Inc. | 2024 Form 10-K | 55

--------------------------------------------------------------------------------------------------------------------------------------------
Exhibit Number Exhibit Description
101** Inline XBRL Document Set for the consolidated
financial statements and accompanying notes in Part
II, Item 8, "Financial Statements and Supplementary
Data" of this Annual Report on Form 10-K.
104** Inline XBRL for the cover page of this Annual Report
on Form 10-K, included in the Exhibit 101 Inline XBRL
Document Set.
 Incorporated by Reference
Filing Date/
Period End
Form Exhibit Date
8-K 3.10 8/7/20

8-K 3.20 8/23/24

S-3 4.10 4/29/13

8-K 4.10 5/3/13

8-K 4.10 5/6/14

8-K 4.10 11/10/14

8-K 4.10 2/9/15

8-K 4.10 5/13/15

8-K 4.10 7/31/15

8-K 4.10 9/17/15

Incorporated by Reference
Filing Date/
Period End
Form Exhibit Date
8-K 4.10 2/23/16

8-K 4.10 3/24/16

8-K 4.10 8/4/16

8-K 4.10 2/9/17

8-K 4.10 5/11/17

8-K 4.10 5/24/17

8-K 4.10 6/20/17

8-K 4.10 9/12/17

8-K 4.10 11/13/17

S-3 4.10 11/5/18

8-K 4.10 9/11/19

8-K 4.10 11/15/19

8-K 4.10 5/11/20

8-K 4.10 8/20/20

8-K 4.10 2/8/21

8-K 4.10 8/5/21

S-3 4.10 10/29/21

8-K 4.10 8/8/22

Incorporated by Reference
Filing Date/
Period End
Form Exhibit Date
8-K 4.10 5/10/23

S-8 4.10 8/23/18

8-K 10.10 3/13/15

10-Q 10.20 6/27/09

10-Q 10.10 12/25/21

10-K 10.80 9/30/17

10-K 10.20 9/30/17

10-Q 10.20 3/31/18

10-K 10.17 9/29/18

10-K 10.15 9/28/19

10-K 10.16 9/26/20

10-K 10.17 9/26/20

10-Q 10.10 12/26/20

10-Q 10.20 12/26/20

8-K 10.10 3/4/22

8-K 10.20 3/4/22

8-K 10.30 3/4/22

8-K 10.10 8/19/22

10-Q 10.10 12/31/22

10-Q 10.20 12/31/22

Incorporated by Reference
Filing
Date/
 Period End
Form Exhibit Date
Created by EDGAR Online, Inc.

APPLE INC.
TABLE39
Form Type: 10-K
Period End: Sep 28, 2024
Date Filed: Nov 01, 2024
Table Of Contents

Fiscal Quarter Trading Window Closed and

Trading Restrictions Begin
1st December 1 24
(typically early February)
2nd March 1 24
(typically early May)
3rd June 1 24
(typically early August)
4th September 1 24
(typically early November)
Trading Restrictions End and Trading Window Opens

hours after public disclosure of first-quarter results

(typically early February)
hours after public disclosure of second-quarter results
(typically early May)
hours after public disclosure of third-quarter results
(typically early August)
hours after public disclosure of year-end results
(typically early November)
Created by EDGAR Online, Inc.

APPLE INC.
SUBSIDIARIES
Form Type: 10-K
Period End: Sep 28, 2024
Date Filed: Nov 01, 2024
Table Of Contents

Exhibit 21.1

Subsidiaries of
Apple Inc.*

Jurisdiction
of Incorporation
Apple Asia Limited Hong Kong
Apple Asia LLC Delaware, U.S.
Apple Canada Inc. Canada
Apple Computer Trading (Shanghai) Co., Ltd. China
Apple Distribution International Limited Ireland
Apple India Private Limited India
Apple Insurance Company, Inc. Arizona, U.S.
Apple Japan, Inc. Japan
Apple Korea Limited South Korea
Apple Operations International Limited Ireland
Apple Operations Limited Ireland
Apple Operations Mexico, S.A. de C.V. Mexico
Apple Pty Limited Australia
Apple Sales International Limited Ireland
Apple South Asia (Thailand) Limited Thailand
Apple Vietnam Limited Liability Company Vietnam
Braeburn Capital, Inc. Nevada, U.S.
iTunes K.K. Japan