Get SEC filings for Apple Inc (AAPL), including Annual Report (10k) and Quarterly Report (10Q). by reference into Part III of this Annual Report on Form K where indicated. Item 7 of this Form K under the heading “Management’s Discussion and. Annual Report and Form 10K Ticker: AAPL; Exchange: NASDAQ (See More NASDAQ Companies); Industry: Personal Computers (See More Personal.
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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. 10
The Company believes decisions by customers to purchase its hardware products depend in part on the availability of third-party software applications and services. 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. The Proxy Statement will be filed with the U.
The Company also competes with illegitimate ways to obtain third-party digital content and applications. Revenue is recorded net of taxes collected from customers that are remitted to governmental authorities, with the collected taxes recorded as current liabilities until remitted to the relevant government authority.
Other current and non-current liabilities. 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.
If the cost of the inventories exceeds their market value, provisions are made currently for the difference between the cost and the market value. There can be no assurance the Company will be able to detect and fix all defects in the hardware, software and services it sells.
All iPods work with iTunes to purchase and synchronize content. 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.
Noncompliance could result in penalties or significant legal liability. 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 growth in net sales during was primarily driven by strong demand for the third aaapl iPad and iPad 2, higher sales from the iTunes Store and increased demand for iPhone from the launch of iPhone 4s. These risk factors may be important to understanding any statement in this Form K or elsewhere. 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.
For transactions involving price protection, the Company recognizes revenue net of the estimated amount to be refunded. Cash and Cash Equivalents. 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.
Apple Inc (AAPL) 10K Annual Reports & 10Q SEC Filings | Last10K
Index to Consolidated Financial Statements. This decline resulted primarily from introduction of the lower 10i iPad mini and the full year impact of the price reduction on iPad 2 made in Aapk Income and Expense. Note that historic stock price performance is not necessarily indicative of future stock price performance.
System failures and disruptions could also impede the manufacturing and shipping of products, delivery of online services, transactions processing and financial reporting.
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. Unit Sales by Product: The Company believes its customers would be reluctant to buy unspecified software upgrade rights for the essential software included with its qualifying wapl products.
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 Table of Contents Earnings Per Share. First half growth in was driven by iPhone and iPad introductions at or near the beginning of The gross margin percentage during the first half of was The following table presents net sales information of iTunes, software and services forand in millions: Proceeds from zapl of common stock.
In recognition of these considerations, the Company may enter into arrangements to settle litigation. Please wait while we load the requested K report or click the link below: Total deferred tax assets.
Apple Inc. –
Additionally, the Company owns a total of 1, acres of land in various locations. This resulted from growth in net sales of iPhone; iTunes, software, and services; and iPad. Irish legislative changes, effective as 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: 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 provision for income taxes is computed using the asset and liability method, under which deferred tax assets and liabilities are recognized for the expected aapll tax consequences of temporary differences between the financial reporting and tax bases of assets and liabilities, and for operating losses and tax credit carryforwards.