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0000320193
20091027
10-K
1,625
(f) Includes sales of Apple-branded operating system and application software, third-party software, AppleCare and Internet services.
0001193125-09-214859/full-submission.txt
0000320193
20091027
10-K
1,626
Note 10 - Related Party Transactions and Certain Other Transactions The Company entered into a Reimbursement Agreement with its CEO, Steve Jobs, for the reimbursement of expenses incurred by Mr. Jobs in the operation of his private plane when used for Apple business.
0001193125-09-214859/full-submission.txt
0000320193
20091027
10-K
1,627
The Company recognized a total of approximately $4,000, $871,000 and $776,000 in expenses pursuant to the Reimbursement Agreement during 2009, 2008 and 2007, respectively.
0001193125-09-214859/full-submission.txt
0000320193
20091027
10-K
1,628
All expenses recognized pursuant to the Reimbursement Agreement have been included in selling, general and administrative expenses in the Consolidated Statements of Operations.
0001193125-09-214859/full-submission.txt
0000320193
20091027
10-K
1,629
Note 11 - Selected Quarterly Financial Information (Unaudited) The following tables set forth a summary of the Company’s quarterly financial information for each of the four quarters ended September 26, 2009 and September 27, 2008 (in millions, except per share amounts): Basic and diluted earnings per share are compute...
0001193125-09-214859/full-submission.txt
0000320193
20091027
10-K
1,630
Therefore, the sum of quarterly basic and diluted per share information may not equal annual basic and diluted earnings per share.
0001193125-09-214859/full-submission.txt
0000320193
20091027
10-K
1,631
Report of Ernst & Young LLP, Independent Registered Public Accounting Firm The Board of Directors and Shareholders of Apple Inc. We have audited the accompanying consolidated balance sheet of Apple Inc. as of September 26, 2009, and the related consolidated statements of operations, shareholders’ equity, and cash flows...
0001193125-09-214859/full-submission.txt
0000320193
20091027
10-K
1,632
These financial statements are the responsibility of the Company’s management.
0001193125-09-214859/full-submission.txt
0000320193
20091027
10-K
1,633
Our responsibility is to express an opinion on these financial statements based on our audit.
0001193125-09-214859/full-submission.txt
0000320193
20091027
10-K
1,634
We conducted our audit in accordance with the standards of the Public Company Accounting Oversight Board (United States).
0001193125-09-214859/full-submission.txt
0000320193
20091027
10-K
1,635
Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement.
0001193125-09-214859/full-submission.txt
0000320193
20091027
10-K
1,636
An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements.
0001193125-09-214859/full-submission.txt
0000320193
20091027
10-K
1,637
An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation.
0001193125-09-214859/full-submission.txt
0000320193
20091027
10-K
1,638
We believe that our audit provides a reasonable basis for our opinion.
0001193125-09-214859/full-submission.txt
0000320193
20091027
10-K
1,639
In our opinion, the financial statements referred to above present fairly, in all material respects, the consolidated financial position of Apple Inc. at September 26, 2009, and the consolidated results of its operations and its cash flows for the year then ended, in conformity with U.S. generally accepted accounting p...
0001193125-09-214859/full-submission.txt
0000320193
20091027
10-K
1,640
We also have audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States), Apple Inc.’s internal control over financial reporting as of September 26, 2009, based on criteria established in Internal Control - Integrated Framework issued by the Committee of Sponsoring Organiz...
0001193125-09-214859/full-submission.txt
0000320193
20091027
10-K
1,641
/s/ Ernst & Young LLP San Jose, California October 27, 2009 Report of Ernst & Young LLP, Independent Registered Public Accounting Firm The Board of Directors and Shareholders of Apple Inc. We have audited Apple Inc.’s internal control over financial reporting as of September 26, 2009, based on criteria established in I...
0001193125-09-214859/full-submission.txt
0000320193
20091027
10-K
1,642
Apple Inc.’s management is responsible for maintaining effective internal control over financial reporting, and for its assessment of the effectiveness of internal control over financial reporting included in the accompanying Management’s Annual Report on Internal Control over Financial Reporting.
0001193125-09-214859/full-submission.txt
0000320193
20091027
10-K
1,643
Our responsibility is to express an opinion on the Company’s internal control over financial reporting based on our audit.
0001193125-09-214859/full-submission.txt
0000320193
20091027
10-K
1,644
We conducted our audit in accordance with the standards of the Public Company Accounting Oversight Board (United States).
0001193125-09-214859/full-submission.txt
0000320193
20091027
10-K
1,645
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.
0001193125-09-214859/full-submission.txt
0000320193
20091027
10-K
1,646
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...
0001193125-09-214859/full-submission.txt
0000320193
20091027
10-K
1,647
We believe that our audit provides a reasonable basis for our opinion.
0001193125-09-214859/full-submission.txt
0000320193
20091027
10-K
1,648
A company’s internal control over financial reporting is a process designed 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.
0001193125-09-214859/full-submission.txt
0000320193
20091027
10-K
1,649
A company’s internal control over financial reporting includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the company; (2) provide reasonable assurance that transactions are rec...
0001193125-09-214859/full-submission.txt
0000320193
20091027
10-K
1,650
Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements.
0001193125-09-214859/full-submission.txt
0000320193
20091027
10-K
1,651
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.
0001193125-09-214859/full-submission.txt
0000320193
20091027
10-K
1,652
In our opinion, Apple Inc. maintained, in all material respects, effective internal control over financial reporting as of September 26, 2009, based on the COSO criteria.
0001193125-09-214859/full-submission.txt
0000320193
20091027
10-K
1,653
We also have audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States), the consolidated financial statements of Apple Inc. as of and for the year ended September 26, 2009 and our report dated October 27, 2009 expressed an unqualified opinion thereon.
0001193125-09-214859/full-submission.txt
0000320193
20091027
10-K
1,654
/s/ Ernst & Young LLP San Jose, California October 27, 2009 Report of KPMG LLP, Independent Registered Public Accounting Firm The Board of Directors and Shareholders Apple Inc.: We have audited the accompanying consolidated balance sheet of Apple Inc. and subsidiaries (the Company) as of September 27, 2008, and the rel...
0001193125-09-214859/full-submission.txt
0000320193
20091027
10-K
1,655
These consolidated financial statements are the responsibility of the Company’s management.
0001193125-09-214859/full-submission.txt
0000320193
20091027
10-K
1,656
Our responsibility is to express an opinion on these consolidated financial statements based on our audits.
0001193125-09-214859/full-submission.txt
0000320193
20091027
10-K
1,657
We conducted our audits in accordance with generally accepted auditing standards of the Public Company Accounting Oversight Board (United States).
0001193125-09-214859/full-submission.txt
0000320193
20091027
10-K
1,658
Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement.
0001193125-09-214859/full-submission.txt
0000320193
20091027
10-K
1,659
An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation.
0001193125-09-214859/full-submission.txt
0000320193
20091027
10-K
1,660
We believe that our audits provide a reasonable basis for our opinion.
0001193125-09-214859/full-submission.txt
0000320193
20091027
10-K
1,661
In our opinion, the consolidated financial statements referred to above present fairly, in all material respects, the financial position of Apple Inc. and subsidiaries as of September 27, 2008 and the results of their operations and their cash flows for the years ended September 27, 2008 and September 29, 2007 in confo...
0001193125-09-214859/full-submission.txt
0000320193
20091027
10-K
1,662
As discussed in note 1 to the Consolidated Financial Statements, effective September 30, 2007, the Company adopted Financial Accounting Standards Board Interpretation No.
0001193125-09-214859/full-submission.txt
0000320193
20091027
10-K
1,663
48, Accounting for Uncertainty in Income Taxes - an interpretation of FASB Statement No.
0001193125-09-214859/full-submission.txt
0000320193
20091027
10-K
1,664
109.
0001193125-09-214859/full-submission.txt
0000320193
20091027
10-K
1,665
/s/ KPMG LLP Mountain View, California November 4, 2008 Item 9.
0001193125-09-214859/full-submission.txt
0000320193
20091027
10-K
1,666
Changes in and Disagreements with Accountants on Accounting and Financial Disclosure None.
0001193125-09-214859/full-submission.txt
0000320193
20091027
10-K
1,667
Item 9A.
0001193125-09-214859/full-submission.txt
0000320193
20091027
10-K
1,668
Controls and Procedures Evaluation of Disclosure Controls and Procedures Based on an evaluation under the supervision and with the participation of the Company’s management, the Company’s principal executive officer and principal financial officer have concluded that the Company’s disclosure controls and procedures as ...
0001193125-09-214859/full-submission.txt
0000320193
20091027
10-K
1,669
Inherent Limitations Over Internal Controls The Company’s internal control over financial reporting is designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with GAAP.
0001193125-09-214859/full-submission.txt
0000320193
20091027
10-K
1,670
The Company’s internal control over financial reporting includes those policies and procedures that: (i) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the Company’s assets; (ii) provide reasonable assurance that transactions are reco...
0001193125-09-214859/full-submission.txt
0000320193
20091027
10-K
1,671
Management, including the Company’s Chief Executive Officer and Chief Financial Officer, does not expect that the Company’s internal controls will prevent or detect all errors and all fraud.
0001193125-09-214859/full-submission.txt
0000320193
20091027
10-K
1,672
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.
0001193125-09-214859/full-submission.txt
0000320193
20091027
10-K
1,673
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.
0001193125-09-214859/full-submission.txt
0000320193
20091027
10-K
1,674
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.
0001193125-09-214859/full-submission.txt
0000320193
20091027
10-K
1,675
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.
0001193125-09-214859/full-submission.txt
0000320193
20091027
10-K
1,676
Management’s Annual Report on Internal Control Over Financial Reporting The Company’s management is responsible for establishing and maintaining adequate internal control over financial reporting (as defined in Rule 13a-15(f) under the Exchange Act.
0001193125-09-214859/full-submission.txt
0000320193
20091027
10-K
1,677
Management conducted an evaluation of the effectiveness of the Company’s internal control over financial reporting based on the criteria set forth in Internal Control - Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission (“COSO”).
0001193125-09-214859/full-submission.txt
0000320193
20091027
10-K
1,678
Based on the Company’s assessment, management has concluded that its internal control over financial reporting was effective as of September 26, 2009 to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements in accordance with U.S. generally accepted ac...
0001193125-09-214859/full-submission.txt
0000320193
20091027
10-K
1,679
The Company’s independent registered public accounting firm, Ernst & Young LLP, has issued an audit report on the Company’s internal control over financial reporting.
0001193125-09-214859/full-submission.txt
0000320193
20091027
10-K
1,680
The report on the audit of internal control over financial reporting appears on page 90 of this Form 10-K. Changes in Internal Control Over Financial Reporting There were no changes in the Company’s internal control over financial reporting during the fourth quarter of fiscal 2009, which were identified in connection w...
0001193125-09-214859/full-submission.txt
0000320193
20091027
10-K
1,681
Item 9B.
0001193125-09-214859/full-submission.txt
0000320193
20091027
10-K
1,682
Other Information None.
0001193125-09-214859/full-submission.txt
0000320193
20091027
10-K
1,683
PART III Item 10.
0001193125-09-214859/full-submission.txt
0000320193
20091027
10-K
1,684
Directors, Executive Officers and Corporate Governance The information required by this Item under the heading “Directors, Executive Officers and Corporate Governance” is incorporated herein by reference from the information to be contained in the Company’s 2010 Proxy Statement to be filed with the U.S. Securities and ...
0001193125-09-214859/full-submission.txt
0000320193
20091027
10-K
1,685
Such Proxy Statement will be filed with the SEC within 120 days after the end of the fiscal year to which this report relates.
0001193125-09-214859/full-submission.txt
0000320193
20091027
10-K
1,686
Item 11.
0001193125-09-214859/full-submission.txt
0000320193
20091027
10-K
1,687
Executive Compensation The information required by this Item under the headings “Executive Compensation” and “Compensation Discussion and Analysis” is incorporated herein by reference from the information to be contained in the Company’s 2010 Proxy Statement.
0001193125-09-214859/full-submission.txt
0000320193
20091027
10-K
1,688
Item 12.
0001193125-09-214859/full-submission.txt
0000320193
20091027
10-K
1,689
Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters The information required by this Item under the headings “Security Ownership of Certain Beneficial Owners and Management” and “Equity Compensation Plan Information” is incorporated herein by reference from the information to ...
0001193125-09-214859/full-submission.txt
0000320193
20091027
10-K
1,690
Item 13.
0001193125-09-214859/full-submission.txt
0000320193
20091027
10-K
1,691
Certain Relationships and Related Transactions, and Director Independence The information required by this Item under the heading “Review, Approval or Ratification of Transactions with Related Persons” is incorporated herein by reference from the information to be contained in the Company’s 2010 Proxy Statement.
0001193125-09-214859/full-submission.txt
0000320193
20091027
10-K
1,692
Item 14.
0001193125-09-214859/full-submission.txt
0000320193
20091027
10-K
1,693
Principal Accountant Fees and Services The information required by this Item under the heading “Fees Paid to Auditors” is incorporated herein by reference from the information to be contained in the Company’s 2010 Proxy Statement.
0001193125-09-214859/full-submission.txt
0000320193
20091027
10-K
1,694
PART IV Item 15.
0001193125-09-214859/full-submission.txt
0000320193
20091027
10-K
1,695
Exhibits, Financial Statement Schedules (a) Documents filed as part of this report (1) All financial statements Index to Consolidated Financial Statements Page Consolidated Balance Sheets as of September 26, 2009 and September 27, 2008 Consolidated Statements of Operations for the three years ended September 26, 2009 C...
0001193125-09-214859/full-submission.txt
0000320193
20091027
10-K
1,696
(b) Exhibits required by Item 601 of Regulation S-K The information required by this Item is set forth on the exhibit index that follows the signature page of this report.
0001193125-09-214859/full-submission.txt
0000320193
20091027
10-K
1,697
SIGNATURES Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized, this 27th day of October 2009.
0001193125-09-214859/full-submission.txt
0000320193
20091027
10-K
1,698
APPLE INC. By: /s/ Peter Oppenheimer Peter Oppenheimer Senior Vice President and Chief Financial Officer Power of Attorney KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature appears below constitutes and appoints Steven P. Jobs and Peter Oppenheimer, jointly and severally, his attorneys-in-fact, each ...
0001193125-09-214859/full-submission.txt
0000320193
20091027
10-K
1,699
Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated: Name Title Date /s/ Steven P. Jobs STEVEN P. JOBS Chief Executive Officer and Director (Principal Executive Office...
0001193125-09-214859/full-submission.txt
0000320193
20091027
10-K
1,700
10-Q 6/27/09 3.2 By-Laws of the Registrant, as amended through May 27, 2009.
0001193125-09-214859/full-submission.txt
0000320193
20091027
10-K
1,701
8-K 6/2/09 4.1 Form of Stock Certificate of the Registrant.
0001193125-09-214859/full-submission.txt
0000320193
20091027
10-K
1,702
10-Q 12/30/06 10.1* Employee Stock Purchase Plan, as amended through May 10, 2007.
0001193125-09-214859/full-submission.txt
0000320193
20091027
10-K
1,703
8-K 5/16/07 10.2* Form of Indemnification Agreement between the Registrant and each director and executive officer of the Registrant.
0001193125-09-214859/full-submission.txt
0000320193
20091027
10-K
1,704
10-Q 6/27/09 10.3* 1997 Employee Stock Option Plan, as amended through October 19, 2001.
0001193125-09-214859/full-submission.txt
0000320193
20091027
10-K
1,705
10-K 9/28/02 10.4* 1997 Director Stock Option Plan, as amended through May 10, 2007.
0001193125-09-214859/full-submission.txt
0000320193
20091027
10-K
1,706
8-K 5/16/07 10.5* 2003 Employee Stock Plan, as amended through May 10, 2007.
0001193125-09-214859/full-submission.txt
0000320193
20091027
10-K
1,707
8-K 5/16/07 10.6* Reimbursement Agreement dated as of May 25, 2001 by and between the Registrant and Steven P. Jobs.
0001193125-09-214859/full-submission.txt
0000320193
20091027
10-K
1,708
10-Q 6/29/02 10.7* Form of Option Agreement.
0001193125-09-214859/full-submission.txt
0000320193
20091027
10-K
1,709
10-K 9/24/05 10.8* Form of Restricted Stock Unit Award Agreement effective as of August 28, 2007.
0001193125-09-214859/full-submission.txt
0000320193
20091027
10-K
1,710
10-K 9/29/07 10.9* Form of Restricted Stock Unit Award Agreement effective as of November 11, 2008.
0001193125-09-214859/full-submission.txt
0000320193
20091027
10-K
1,711
10-Q 12/27/08 10.10* Transition Agreement and Settlement Agreement and Release dated as of November 3, 2008 by and between the Registrant and Anthony Fadell.
0001193125-09-214859/full-submission.txt
0000320193
20091027
10-K
1,712
10-Q 12/27/08 14.1 Business Conduct Policy of the Registrant dated February 2009.
0001193125-09-214859/full-submission.txt
0000320193
20091027
10-K
1,713
10-Q 3/28/09 21.1** Subsidiaries of the Registrant.
0001193125-09-214859/full-submission.txt
0000320193
20091027
10-K
1,714
23.1** Consent of Ernst & Young LLP, Independent Registered Public Accounting Firm.
0001193125-09-214859/full-submission.txt
0000320193
20091027
10-K
1,715
23.2** Consent of KPMG LLP, Independent Registered Public Accounting Firm.
0001193125-09-214859/full-submission.txt
0000320193
20091027
10-K
1,716
24.1** Power of Attorney (included on the Signature Page of this Annual Report on Form 10-K).
0001193125-09-214859/full-submission.txt
0000320193
20091027
10-K
1,717
31.1** Rule 13a-14(a) / 15d-14(a) Certification of Chief Executive Officer.
0001193125-09-214859/full-submission.txt
0000320193
20091027
10-K
1,718
31.2** Rule 13a-14(a) / 15d-14(a) Certification of Chief Financial Officer.
0001193125-09-214859/full-submission.txt
0000320193
20091027
10-K
1,719
32.1*** Section 1350 Certifications of Chief Executive Officer and Chief Financial Officer.
0001193125-09-214859/full-submission.txt
0000320193
20091027
10-K
1,720
101.INS**** XBRL Instance Document 101.SCH**** XBRL Taxonomy Extension Schema Document 101.CAL**** XBRL Taxonomy Extension Calculation Linkbase Document 101.DEF**** XBRL Taxonomy Extension Definition Linkbase Document 101.LAB**** XBRL Taxonomy Extension Label Linkbase Document 101.PRE**** XBRL Taxonomy Extension Presen...
0001193125-09-214859/full-submission.txt
0000320193
20091027
10-K
1,721
** Filed herewith.
0001193125-09-214859/full-submission.txt
0000320193
20091027
10-K
1,722
*** Furnished herewith.
0001193125-09-214859/full-submission.txt
0000320193
20091027
10-K
1,723
**** Pursuant to applicable securities laws and regulations, the Company is deemed to have complied with the reporting obligation relating to the submission of interactive data files in such exhibits and is not subject to liability under any anti-fraud provisions of the federal securities laws as long as the Company ha...
0001193125-09-214859/full-submission.txt
0000320193
20091027
10-K
1,724
Users of this data are advised that, pursuant to Rule 406T, these interactive data files are deemed not filed and otherwise are not subject to liability.
0001193125-09-214859/full-submission.txt