cik stringclasses 1
value | date stringlengths 8 8 | form stringclasses 4
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0000320193 | 20061229 | 10-Q | 1,250 | The Company must successfully manage frequent product introductions and transitions to remain competitive and effectively stimulate customer demand. | 0001104659-06-084286/full-submission.txt |
0000320193 | 20061229 | 10-Q | 1,251 | Due to the highly volatile and competitive nature of the personal computer and consumer electronics industries, which are characterized by dynamic customer demand patterns and rapid technological advances, the Company must continually introduce new products and technologies, enhance existing products to remain competit... | 0001104659-06-084286/full-submission.txt |
0000320193 | 20061229 | 10-Q | 1,252 | The success of new product introductions is dependent on a number of factors, including market acceptance; the Company’s ability to manage the risks associated with product transitions, including the transition to Intel-based Macintosh computers, and production ramp issues; the availability of application software for ... | 0001104659-06-084286/full-submission.txt |
0000320193 | 20061229 | 10-Q | 1,253 | Accordingly, the Company cannot determine in advance the ultimate effect new products will have on its sales or results of operations. | 0001104659-06-084286/full-submission.txt |
0000320193 | 20061229 | 10-Q | 1,254 | In June 2005, the Company announced its plan to begin using Intel microprocessors in its computers. | 0001104659-06-084286/full-submission.txt |
0000320193 | 20061229 | 10-Q | 1,255 | During 2006, the Company introduced new Intel-based models of the MacBook Pro, MacBook, Mac Pro, iMac, and Mac mini computers. | 0001104659-06-084286/full-submission.txt |
0000320193 | 20061229 | 10-Q | 1,256 | The Company’s transition to Intel microprocessors for Macintosh systems was completed in August 2006, and its transition for Xserve was completed in November 2006. | 0001104659-06-084286/full-submission.txt |
0000320193 | 20061229 | 10-Q | 1,257 | This transition has been and will continue to be subject to numerous risks and uncertainties including the timely innovation and delivery of related hardware and software products to support Intel microprocessors, market acceptance of Intel-based Macintosh computers, and the development and availability on acceptable t... | 0001104659-06-084286/full-submission.txt |
0000320193 | 20061229 | 10-Q | 1,258 | In addition, the Company is dependent on third-party software developers such as Microsoft and Adobe to timely develop current and future applications that run on Intel-based Macintosh computers. | 0001104659-06-084286/full-submission.txt |
0000320193 | 20061229 | 10-Q | 1,259 | Universal versions of Microsoft Office and Adobe’s Creative Suite applications are not currently available. | 0001104659-06-084286/full-submission.txt |
0000320193 | 20061229 | 10-Q | 1,260 | Additionally, there can be no assurance that the Company will be able to maintain its historical gross margin percentages on its products, including Intel-based Macintosh computers, which may adversely impact the Company’s results of operations. | 0001104659-06-084286/full-submission.txt |
0000320193 | 20061229 | 10-Q | 1,261 | The Company’s products from time to time experience quality problems that can result in decreased net sales and operating profits. | 0001104659-06-084286/full-submission.txt |
0000320193 | 20061229 | 10-Q | 1,262 | The Company sells highly complex hardware and software products that can contain defects in design and manufacture. | 0001104659-06-084286/full-submission.txt |
0000320193 | 20061229 | 10-Q | 1,263 | Sophisticated operating system software and applications, such as those sold by the Company, often contain “bugs” that can unexpectedly interfere with the operation of the software. | 0001104659-06-084286/full-submission.txt |
0000320193 | 20061229 | 10-Q | 1,264 | Defects may also occur in components and products the Company purchases from third-parties. | 0001104659-06-084286/full-submission.txt |
0000320193 | 20061229 | 10-Q | 1,265 | There can be no assurance that the Company will be able to detect and fix all defects in the hardware and software it sells. | 0001104659-06-084286/full-submission.txt |
0000320193 | 20061229 | 10-Q | 1,266 | Failure to do so could result in lost revenue, loss of reputation, and significant warranty and other expense to remedy. | 0001104659-06-084286/full-submission.txt |
0000320193 | 20061229 | 10-Q | 1,267 | Because orders for components, and in some cases commitments to purchase components, must be placed in advance of customer orders, the Company faces substantial inventory risk. | 0001104659-06-084286/full-submission.txt |
0000320193 | 20061229 | 10-Q | 1,268 | The Company records a write-down for inventories of components and products that have become obsolete or are in excess of anticipated demand or net realizable value and accrues necessary reserves for cancellation fees for orders of products and components that have been cancelled. | 0001104659-06-084286/full-submission.txt |
0000320193 | 20061229 | 10-Q | 1,269 | Although the Company believes its inventory and related provisions are currently adequate, given the rapid and unpredictable pace of product obsolescence in the computer and consumer electronics industries and the transition to Intel-based Macintosh computers, no assurance can be given that the Company will not incur a... | 0001104659-06-084286/full-submission.txt |
0000320193 | 20061229 | 10-Q | 1,270 | In addition, such charges have had, and may have, a material effect on the Company’s financial position and results of operations. | 0001104659-06-084286/full-submission.txt |
0000320193 | 20061229 | 10-Q | 1,271 | The Company must order components for its products and build inventory in advance of product shipments. | 0001104659-06-084286/full-submission.txt |
0000320193 | 20061229 | 10-Q | 1,272 | Because the Company’s markets are volatile and subject to rapid technology and price changes, and because of the transition to Intel-based Macintosh computers, there is a risk the Company will forecast incorrectly and produce or order from third parties excess or insufficient inventories of particular products. | 0001104659-06-084286/full-submission.txt |
0000320193 | 20061229 | 10-Q | 1,273 | Consistent with industry practice, components are normally acquired through a combination of purchase orders, supplier contracts, and open orders based on projected demand information. | 0001104659-06-084286/full-submission.txt |
0000320193 | 20061229 | 10-Q | 1,274 | Such purchase commitments typically cover the Company’s forecasted component and manufacturing requirements for periods ranging from 30 to 150 days. | 0001104659-06-084286/full-submission.txt |
0000320193 | 20061229 | 10-Q | 1,275 | The Company’s operating results and financial condition have been in the past and may in the future be materially adversely affected by the Company’s ability to manage its inventory levels and respond to short-term shifts in customer demand patterns. | 0001104659-06-084286/full-submission.txt |
0000320193 | 20061229 | 10-Q | 1,276 | The Company is dependent on manufacturing and logistics services provided by third parties, many of whom are located outside of the U.S. | 0001104659-06-084286/full-submission.txt |
0000320193 | 20061229 | 10-Q | 1,277 | Most of the Company’s products are manufactured in whole or in part by third-party manufacturers. | 0001104659-06-084286/full-submission.txt |
0000320193 | 20061229 | 10-Q | 1,278 | In addition, the Company has outsourced much of its transportation and logistics management. | 0001104659-06-084286/full-submission.txt |
0000320193 | 20061229 | 10-Q | 1,279 | While outsourcing arrangements may lower the cost of operations, they also reduce the Company’s direct control over production and distribution. | 0001104659-06-084286/full-submission.txt |
0000320193 | 20061229 | 10-Q | 1,280 | It is uncertain what effect such diminished control will have on the quality or quantity of the products manufactured or services rendered, or the flexibility of the Company to respond to changing market conditions. | 0001104659-06-084286/full-submission.txt |
0000320193 | 20061229 | 10-Q | 1,281 | In addition, the Company is reliant on third-party manufacturers to adhere to the Company’s supplier code of conduct. | 0001104659-06-084286/full-submission.txt |
0000320193 | 20061229 | 10-Q | 1,282 | Moreover, although arrangements with such manufacturers may contain provisions for warranty expense reimbursement, the Company may remain at least initially responsible to the consumer for warranty service in the event of product defects. | 0001104659-06-084286/full-submission.txt |
0000320193 | 20061229 | 10-Q | 1,283 | Any unanticipated product defect or warranty liability, whether pursuant to arrangements with contract manufacturers or otherwise, could adversely affect the Company’s future operating results and financial condition. | 0001104659-06-084286/full-submission.txt |
0000320193 | 20061229 | 10-Q | 1,284 | Final assembly of products sold by the Company is currently performed in the Company’s manufacturing facility in Cork, Ireland, and by external vendors in Fremont, California; Fullerton, California; Taiwan; the Republic of Korea; the People’s Republic of China; and the Czech Republic. | 0001104659-06-084286/full-submission.txt |
0000320193 | 20061229 | 10-Q | 1,285 | Currently, manufacturing of many of the components used in the Company’s products is performed by third-party vendors in Taiwan, China, Japan, Korea, and Singapore. | 0001104659-06-084286/full-submission.txt |
0000320193 | 20061229 | 10-Q | 1,286 | Final assembly of substantially all of the Company’s portable products, including MacBook Pros, MacBooks, and iPods, is performed by third-party vendors in China. | 0001104659-06-084286/full-submission.txt |
0000320193 | 20061229 | 10-Q | 1,287 | If for any reason manufacturing or logistics in any of these locations is disrupted by regional economic, business, labor, environmental, public health, or political issues, or due to information technology system failures or military actions, the Company’s results of operations and financial condition could be adverse... | 0001104659-06-084286/full-submission.txt |
0000320193 | 20061229 | 10-Q | 1,288 | The Company’s future operating performance is dependent on the performance of distributors and other resellers of the Company’s products. | 0001104659-06-084286/full-submission.txt |
0000320193 | 20061229 | 10-Q | 1,289 | The Company distributes its products through wholesalers, resellers, national and regional retailers, and cataloguers, many of whom distribute products from competing manufacturers. | 0001104659-06-084286/full-submission.txt |
0000320193 | 20061229 | 10-Q | 1,290 | In addition, the Company sells many of its products and resells certain third-party products in most of its major markets directly to end-users, certain education customers, and certain resellers through its online stores around the world and its retail stores. | 0001104659-06-084286/full-submission.txt |
0000320193 | 20061229 | 10-Q | 1,291 | Many of the Company’s resellers operate on narrow product margins and have been negatively impacted in the past by weak economic conditions. | 0001104659-06-084286/full-submission.txt |
0000320193 | 20061229 | 10-Q | 1,292 | Considerable trade receivables that are not covered by collateral or credit insurance are outstanding with the Company’s distribution and retail channel partners. | 0001104659-06-084286/full-submission.txt |
0000320193 | 20061229 | 10-Q | 1,293 | The Company’s business and financial results could be adversely affected if the financial condition of these resellers weakens, if resellers within consumer channels were to cease distribution of the Company’s products, or if uncertainty regarding demand for the Company’s products caused resellers to reduce their order... | 0001104659-06-084286/full-submission.txt |
0000320193 | 20061229 | 10-Q | 1,294 | The Company has invested and will continue to invest in various programs to enhance reseller sales, including staffing selected resellers’ stores with Company employees and contractors. | 0001104659-06-084286/full-submission.txt |
0000320193 | 20061229 | 10-Q | 1,295 | These programs could require a substantial investment from the Company, while providing no assurance of return or incremental revenue to offset this investment. | 0001104659-06-084286/full-submission.txt |
0000320193 | 20061229 | 10-Q | 1,296 | Over the past several years, an increasing proportion of the Company’s net sales have been made by the Company directly to end-users through its online stores around the world and through its retail stores in the U.S., Canada, Japan, and the U.K. | 0001104659-06-084286/full-submission.txt |
0000320193 | 20061229 | 10-Q | 1,297 | Some of the Company’s resellers have perceived this expansion of the Company’s direct sales as conflicting with their own businesses and economic interests as distributors and resellers of the Company’s products. | 0001104659-06-084286/full-submission.txt |
0000320193 | 20061229 | 10-Q | 1,298 | Perception of such a conflict could discourage the Company’s resellers from investing additional resources in the
distribution and sale of the Company’s products or lead them to limit or cease distribution of the Company’s products. | 0001104659-06-084286/full-submission.txt |
0000320193 | 20061229 | 10-Q | 1,299 | The Company’s business and financial results could be adversely affected if expansion of its direct sales to end-users causes some or all of its resellers to cease or limit distribution of the Company’s products. | 0001104659-06-084286/full-submission.txt |
0000320193 | 20061229 | 10-Q | 1,300 | The Company relies on third-party digital content, which may not be available to the Company on commercially reasonable terms or at all. | 0001104659-06-084286/full-submission.txt |
0000320193 | 20061229 | 10-Q | 1,301 | The Company contracts with third parties to offer their digital content to customers through the Company’s iTunes Store. | 0001104659-06-084286/full-submission.txt |
0000320193 | 20061229 | 10-Q | 1,302 | The Company pays substantial fees to obtain the rights to offer to its customers this third-party digital content. | 0001104659-06-084286/full-submission.txt |
0000320193 | 20061229 | 10-Q | 1,303 | The Company’s licensing arrangements with these third-party content providers are short-term in nature and do not guarantee the future renewal of these arrangements at commercially reasonable terms, if at all. | 0001104659-06-084286/full-submission.txt |
0000320193 | 20061229 | 10-Q | 1,304 | Certain parties in the music industry have consolidated and formed alliances, which could limit the availability and increase the fees required to offer digital content to customers through the iTunes Store. | 0001104659-06-084286/full-submission.txt |
0000320193 | 20061229 | 10-Q | 1,305 | Some third-party content providers currently or may in the future offer music products and services that compete with the Company’s music products and services, and could take action to make it more difficult or impossible for the Company to license their digital content in the future. | 0001104659-06-084286/full-submission.txt |
0000320193 | 20061229 | 10-Q | 1,306 | Further, other distributors of third-party content or third-party content owners may seek to limit the Company’s access to or increase the total cost of such content. | 0001104659-06-084286/full-submission.txt |
0000320193 | 20061229 | 10-Q | 1,307 | If the Company is unable to continue to offer a wide variety of digital content at reasonable prices with acceptable usage rules, or continue to expand its geographic reach outside the U.S., then sales and gross margins of the Company’s iTunes Store, as well as related hardware and peripherals, including iPods, may be ... | 0001104659-06-084286/full-submission.txt |
0000320193 | 20061229 | 10-Q | 1,308 | Third-party content providers and artists require that the Company provide certain digital rights management (“DRM”) solutions and other security mechanisms. | 0001104659-06-084286/full-submission.txt |
0000320193 | 20061229 | 10-Q | 1,309 | If the requirements from content providers or artists change, then the Company may be required to further develop or license technology to address such new rights and requirements. | 0001104659-06-084286/full-submission.txt |
0000320193 | 20061229 | 10-Q | 1,310 | In addition, certain countries have passed legislation or may propose legislation that would force the Company to license its DRM solutions so that content would be interoperable with competitor devices, which could lessen the protection of content subjecting it to piracy and could affect arrangements with the Company’... | 0001104659-06-084286/full-submission.txt |
0000320193 | 20061229 | 10-Q | 1,311 | There is no assurance the Company will be able to develop or license such solutions at a reasonable cost and in a timely manner, if at all, which could have a materially adverse effect on the Company’s operating results and financial position. | 0001104659-06-084286/full-submission.txt |
0000320193 | 20061229 | 10-Q | 1,312 | The Company’s future performance is dependent upon support from third-party software developers. | 0001104659-06-084286/full-submission.txt |
0000320193 | 20061229 | 10-Q | 1,313 | If third-party software applications cease to be developed or available for the Company’s hardware products, then customers may choose not to buy the Company’s products. | 0001104659-06-084286/full-submission.txt |
0000320193 | 20061229 | 10-Q | 1,314 | The Company believes decisions by customers to purchase the Company’s personal computers, as opposed to Windows-based systems, are often based on the availability of third-party software applications such as Microsoft Office. | 0001104659-06-084286/full-submission.txt |
0000320193 | 20061229 | 10-Q | 1,315 | The Company also believes the availability of third-party application software for the Company’s hardware products depends in part on third-party developers’ perception and analysis of the relative benefits of developing, maintaining, and upgrading such software for the Company’s products versus software for the larger... | 0001104659-06-084286/full-submission.txt |
0000320193 | 20061229 | 10-Q | 1,316 | This analysis may be based on factors such as the perceived strength of the Company and its products, the anticipated potential revenue that may be generated, continued acceptance by customers of Mac OS X, and the costs of developing such software products. | 0001104659-06-084286/full-submission.txt |
0000320193 | 20061229 | 10-Q | 1,317 | To the extent the minority market share held by the Company in the personal computer market has caused software developers to question the Company’s prospects in the personal computer market, developers could be less inclined to develop new application software or upgrade existing software for the Company’s products an... | 0001104659-06-084286/full-submission.txt |
0000320193 | 20061229 | 10-Q | 1,318 | The Company’s recent announcement that it plans to add a feature to the next version of Mac OS X that will enable Intel-based Macintosh systems to run Windows XP may deter developers from creating software applications for Mac OS X if such applications are available for the Windows platform. | 0001104659-06-084286/full-submission.txt |
0000320193 | 20061229 | 10-Q | 1,319 | Moreover, there can be no assurance software developers will continue to develop software for Mac OS X on a timely basis or at all. | 0001104659-06-084286/full-submission.txt |
0000320193 | 20061229 | 10-Q | 1,320 | In June 2005, the Company announced its plan to begin using Intel microprocessors in its computers. | 0001104659-06-084286/full-submission.txt |
0000320193 | 20061229 | 10-Q | 1,321 | During 2006, the Company introduced new Intel-based models of the MacBook Pro, MacBook, Mac Pro, iMac, and Mac mini computers. | 0001104659-06-084286/full-submission.txt |
0000320193 | 20061229 | 10-Q | 1,322 | The Company’s transition to Intel microprocessors for Macintosh systems was completed in August 2006, and its transition for Xserve was completed in November 2006. | 0001104659-06-084286/full-submission.txt |
0000320193 | 20061229 | 10-Q | 1,323 | The Company depends on third-party software
developers to timely develop current and future applications that run on Intel microprocessors. | 0001104659-06-084286/full-submission.txt |
0000320193 | 20061229 | 10-Q | 1,324 | Universal versions of Microsoft Office and Adobe’s Creative Suite applications are not currently available. | 0001104659-06-084286/full-submission.txt |
0000320193 | 20061229 | 10-Q | 1,325 | The lack of applications that run on Intel-based Macintosh systems, including Microsoft Office and Adobe Creative Suite, could have a materially adverse effect on the Company’s operating results and financial position. | 0001104659-06-084286/full-submission.txt |
0000320193 | 20061229 | 10-Q | 1,326 | In addition, past and future development by the Company of its own software applications and solutions may negatively impact the decision of software developers, such as Microsoft and Adobe, to develop, maintain, and upgrade similar or competitive software for the Company’s products. | 0001104659-06-084286/full-submission.txt |
0000320193 | 20061229 | 10-Q | 1,327 | The Company currently markets and sells a variety of software applications for use by professionals, consumers, and education customers that could influence the decisions of third-party software developers to develop or upgrade Macintosh-compatible software products. | 0001104659-06-084286/full-submission.txt |
0000320193 | 20061229 | 10-Q | 1,328 | Software applications currently marketed by the Company include software for professional film and video editing, professional compositing and visual effects for large format film and video productions, professional music production and music post production, professional and consumer DVD encoding and authoring, profes... | 0001104659-06-084286/full-submission.txt |
0000320193 | 20061229 | 10-Q | 1,329 | Discontinuance of third-party software products for the Macintosh platform could have an adverse effect on the Company’s net sales and results of operations. | 0001104659-06-084286/full-submission.txt |
0000320193 | 20061229 | 10-Q | 1,330 | The Company’s business relies on access to patents and intellectual property obtained from third parties, and the Company’s future results could be adversely affected if it is alleged or found to have infringed on the intellectual property rights of others. | 0001104659-06-084286/full-submission.txt |
0000320193 | 20061229 | 10-Q | 1,331 | Many of the Company’s products are designed to include intellectual property obtained from third parties. | 0001104659-06-084286/full-submission.txt |
0000320193 | 20061229 | 10-Q | 1,332 | While it may be necessary in the future to seek or renew licenses relating to various aspects of its products and business methods, the Company believes that based upon past experience and industry practice, such licenses generally could be obtained on commercially reasonable terms. | 0001104659-06-084286/full-submission.txt |
0000320193 | 20061229 | 10-Q | 1,333 | However, there can be no assurance that the necessary licenses would be available or available on acceptable terms. | 0001104659-06-084286/full-submission.txt |
0000320193 | 20061229 | 10-Q | 1,334 | Because of technological changes in the computer and consumer electronics industries, current extensive patent coverage, and the rapid rate of issuance of new patents, it is possible certain components of the Company’s products and business methods may unknowingly infringe existing patents of others. | 0001104659-06-084286/full-submission.txt |
0000320193 | 20061229 | 10-Q | 1,335 | The Company has from time to time been notified that it may be infringing certain patents or other intellectual property rights of others. | 0001104659-06-084286/full-submission.txt |
0000320193 | 20061229 | 10-Q | 1,336 | Responding to such claims, regardless of their merit, can be time-consuming, result in significant expenses, and cause the diversion of management and technical personnel. | 0001104659-06-084286/full-submission.txt |
0000320193 | 20061229 | 10-Q | 1,337 | Several pending claims are in various stages of evaluation. | 0001104659-06-084286/full-submission.txt |
0000320193 | 20061229 | 10-Q | 1,338 | The Company may consider the desirability of entering into licensing agreements in certain of these cases. | 0001104659-06-084286/full-submission.txt |
0000320193 | 20061229 | 10-Q | 1,339 | However, no assurance can be given that such licenses can be obtained on acceptable terms or that litigation will not occur. | 0001104659-06-084286/full-submission.txt |
0000320193 | 20061229 | 10-Q | 1,340 | In the event there is a temporary or permanent injunction entered prohibiting the Company from marketing or selling certain of its products or a successful claim of infringement against the Company requiring it to pay royalties to a third-party, the Company’s future operating results and financial condition could be ad... | 0001104659-06-084286/full-submission.txt |
0000320193 | 20061229 | 10-Q | 1,341 | Information regarding certain claims and litigation involving the Company related to alleged patent infringement and other matters is set forth in Part II, Item 1 of this Form 10-Q and Part I, Item 3 of the 2006 Form 10-K. | 0001104659-06-084286/full-submission.txt |
0000320193 | 20061229 | 10-Q | 1,342 | In the opinion of management, the Company does not have a potential liability for damages or royalties from any current legal proceedings or claims related to the infringement of patent or other intellectual property rights of others that would individually or in the aggregate have a material adverse effect on its resu... | 0001104659-06-084286/full-submission.txt |
0000320193 | 20061229 | 10-Q | 1,343 | However, the results of such legal proceedings cannot be predicted with certainty. | 0001104659-06-084286/full-submission.txt |
0000320193 | 20061229 | 10-Q | 1,344 | Should the Company fail to prevail in any of the matters related to infringement of patent or other intellectual property rights of others described in Part II, Item 1 of this Form 10-Q or should several of these matters be resolved against the Company in the same reporting period, the operating results of a particular... | 0001104659-06-084286/full-submission.txt |
0000320193 | 20061229 | 10-Q | 1,345 | The Company’s retail initiative has required and will continue to require a substantial investment and commitment of resources and is subject to numerous risks and uncertainties. | 0001104659-06-084286/full-submission.txt |
0000320193 | 20061229 | 10-Q | 1,346 | Through July 31, 2006, the Company had opened 156 retail stores. | 0001104659-06-084286/full-submission.txt |
0000320193 | 20061229 | 10-Q | 1,347 | The Company’s retail initiative has required substantial investment in equipment and leasehold improvements, information systems, inventory, and personnel. | 0001104659-06-084286/full-submission.txt |
0000320193 | 20061229 | 10-Q | 1,348 | The Company has also entered into substantial operating lease commitments for retail space with lease terms ranging from 5 to 20 years, the majority of which are for 10 years. | 0001104659-06-084286/full-submission.txt |
0000320193 | 20061229 | 10-Q | 1,349 | The Company could incur substantial costs should it choose to terminate these commitments or close individual stores. | 0001104659-06-084286/full-submission.txt |
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