cik stringclasses 1
value | date stringlengths 8 8 | form stringclasses 4
values | sentenceCount int64 0 2.33k | sentence stringlengths 2 5.25k | filename stringlengths 40 40 |
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0000320193 | 20161026 | 10-K | 338 | The Company is subject to laws and regulations worldwide, changes to which could increase the Company’s costs and individually or in the aggregate adversely affect the Company’s business. | 0001628280-16-020309/full-submission.txt |
0000320193 | 20161026 | 10-K | 339 | The Company is subject to laws and regulations affecting its domestic and international operations in a number of areas. | 0001628280-16-020309/full-submission.txt |
0000320193 | 20161026 | 10-K | 340 | These U.S. and foreign laws and regulations affect the Company’s activities including, but not limited to, in areas of labor, advertising, digital content, consumer protection, real estate, billing, e-commerce, promotions, quality of services, telecommunications, mobile communications and media, television, intellectua... | 0001628280-16-020309/full-submission.txt |
0000320193 | 20161026 | 10-K | 341 | By way of example, laws and regulations related to mobile communications and media devices in the many jurisdictions in which the Company operates are extensive and subject to change. | 0001628280-16-020309/full-submission.txt |
0000320193 | 20161026 | 10-K | 342 | Such changes could include, among others, restrictions on the production, manufacture, distribution and use of devices, locking devices to a carrier’s network, or mandating the use of devices on more than one carrier’s network. | 0001628280-16-020309/full-submission.txt |
0000320193 | 20161026 | 10-K | 343 | These devices are also subject to certification and regulation by governmental and standardization bodies, as well as by cellular network carriers for use on their networks. | 0001628280-16-020309/full-submission.txt |
0000320193 | 20161026 | 10-K | 344 | These certification processes are extensive and time consuming, and could result in additional testing requirements, product modifications, or delays in product shipment dates, or could preclude the Company from selling certain products. | 0001628280-16-020309/full-submission.txt |
0000320193 | 20161026 | 10-K | 345 | Apple Inc. | 2016 Form 10-K | 12
Compliance with these laws, regulations and similar requirements may be onerous and expensive, and they may be inconsistent from jurisdiction to jurisdiction, further increasing the cost of compliance and doing business. | 0001628280-16-020309/full-submission.txt |
0000320193 | 20161026 | 10-K | 346 | Any such costs, which may rise in the future as a result of changes in these laws and regulations or in their interpretation, could individually or in the aggregate make the Company’s products and services less attractive to the Company’s customers, delay the introduction of new products in one or more regions, or caus... | 0001628280-16-020309/full-submission.txt |
0000320193 | 20161026 | 10-K | 347 | The Company has implemented policies and procedures designed to ensure compliance with applicable laws and regulations, but there can be no assurance that the Company’s employees, contractors, or agents will not violate such laws and regulations or the Company’s policies and procedures. | 0001628280-16-020309/full-submission.txt |
0000320193 | 20161026 | 10-K | 348 | The Company’s business is subject to the risks of international operations. | 0001628280-16-020309/full-submission.txt |
0000320193 | 20161026 | 10-K | 349 | The Company derives a significant portion of its revenue and earnings from its international operations. | 0001628280-16-020309/full-submission.txt |
0000320193 | 20161026 | 10-K | 350 | Compliance with applicable U.S. and foreign laws and regulations, such as import and export requirements, anti-corruption laws, tax laws, foreign exchange controls and cash repatriation restrictions, data privacy requirements, environmental laws, labor laws and anti-competition regulations, increases the costs of doing... | 0001628280-16-020309/full-submission.txt |
0000320193 | 20161026 | 10-K | 351 | Although the Company has implemented policies and procedures to comply with these laws and regulations, a violation by the Company’s employees, contractors, or agents could nevertheless occur. | 0001628280-16-020309/full-submission.txt |
0000320193 | 20161026 | 10-K | 352 | In some cases, compliance with the laws and regulations of one country could violate the laws and regulations of another country. | 0001628280-16-020309/full-submission.txt |
0000320193 | 20161026 | 10-K | 353 | Violations of these laws and regulations could materially adversely affect the Company’s brand, international growth efforts and business. | 0001628280-16-020309/full-submission.txt |
0000320193 | 20161026 | 10-K | 354 | The Company also could be significantly affected by other risks associated with international activities including, but not limited to, economic and labor conditions, increased duties, taxes and other costs and political instability. | 0001628280-16-020309/full-submission.txt |
0000320193 | 20161026 | 10-K | 355 | Margins on sales of the Company’s products in foreign countries, and on sales of products that include components obtained from foreign suppliers, could be materially adversely affected by international trade regulations, including duties, tariffs and antidumping penalties. | 0001628280-16-020309/full-submission.txt |
0000320193 | 20161026 | 10-K | 356 | The Company is also exposed to credit and collectability risk on its trade receivables with customers in certain international markets. | 0001628280-16-020309/full-submission.txt |
0000320193 | 20161026 | 10-K | 357 | There can be no assurance the Company can effectively limit its credit risk and avoid losses. | 0001628280-16-020309/full-submission.txt |
0000320193 | 20161026 | 10-K | 358 | The Company’s retail stores have required and will continue to require a substantial investment and commitment of resources and are subject to numerous risks and uncertainties. | 0001628280-16-020309/full-submission.txt |
0000320193 | 20161026 | 10-K | 359 | The Company’s retail stores have required substantial investment in equipment and leasehold improvements, information systems, inventory and personnel. | 0001628280-16-020309/full-submission.txt |
0000320193 | 20161026 | 10-K | 360 | The Company also has entered into substantial operating lease commitments for retail space. | 0001628280-16-020309/full-submission.txt |
0000320193 | 20161026 | 10-K | 361 | Certain stores have been designed and built to serve as high-profile venues to promote brand awareness and serve as vehicles for corporate sales and marketing activities. | 0001628280-16-020309/full-submission.txt |
0000320193 | 20161026 | 10-K | 362 | Because of their unique design elements, locations and size, these stores require substantially more investment than the Company’s more typical retail stores. | 0001628280-16-020309/full-submission.txt |
0000320193 | 20161026 | 10-K | 363 | Due to the high cost structure associated with the Company’s retail stores, a decline in sales or the closure or poor performance of individual or multiple stores could result in significant lease termination costs, write-offs of equipment and leasehold improvements and severance costs. | 0001628280-16-020309/full-submission.txt |
0000320193 | 20161026 | 10-K | 364 | Many factors unique to retail operations, some of which are beyond the Company’s control, pose risks and uncertainties. | 0001628280-16-020309/full-submission.txt |
0000320193 | 20161026 | 10-K | 365 | These risks and uncertainties include, but are not limited to, macro-economic factors that could have an adverse effect on general retail activity, as well as the Company’s inability to manage costs associated with store construction and operation, the Company’s failure to manage relationships with its existing retail ... | 0001628280-16-020309/full-submission.txt |
0000320193 | 20161026 | 10-K | 366 | Investment in new business strategies and acquisitions could disrupt the Company’s ongoing business and present risks not originally contemplated. | 0001628280-16-020309/full-submission.txt |
0000320193 | 20161026 | 10-K | 367 | The Company has invested, and in the future may invest, in new business strategies or acquisitions. | 0001628280-16-020309/full-submission.txt |
0000320193 | 20161026 | 10-K | 368 | Such endeavors may involve significant risks and uncertainties, including distraction of management from current operations, greater than expected liabilities and expenses, inadequate return of capital and unidentified issues not discovered in the Company’s due diligence. | 0001628280-16-020309/full-submission.txt |
0000320193 | 20161026 | 10-K | 369 | These new ventures are inherently risky and may not be successful. | 0001628280-16-020309/full-submission.txt |
0000320193 | 20161026 | 10-K | 370 | The Company’s business and reputation may be impacted by information technology system failures or network disruptions. | 0001628280-16-020309/full-submission.txt |
0000320193 | 20161026 | 10-K | 371 | The Company may be subject to information technology system failures and network disruptions. | 0001628280-16-020309/full-submission.txt |
0000320193 | 20161026 | 10-K | 372 | These may be caused by natural disasters, accidents, power disruptions, telecommunications failures, acts of terrorism or war, computer viruses, physical or electronic break-ins, or other events or disruptions. | 0001628280-16-020309/full-submission.txt |
0000320193 | 20161026 | 10-K | 373 | System redundancy may be ineffective or inadequate, and the Company’s disaster recovery planning may not be sufficient for all eventualities. | 0001628280-16-020309/full-submission.txt |
0000320193 | 20161026 | 10-K | 374 | Such failures or disruptions could, among other things, prevent access to the Company’s online stores and services, preclude retail store transactions, compromise Company or customer data, and result in delayed or cancelled orders. | 0001628280-16-020309/full-submission.txt |
0000320193 | 20161026 | 10-K | 375 | System failures and disruptions could also impede the manufacturing and shipping of products, delivery of online services, transactions processing and financial reporting. | 0001628280-16-020309/full-submission.txt |
0000320193 | 20161026 | 10-K | 376 | Apple Inc. | 2016 Form 10-K | 13
There may be breaches of the Company’s information technology systems that materially damage business partner and customer relationships, curtail or otherwise adversely impact access to online stores and services, or subject the Company to significant reputational, financial, legal and ... | 0001628280-16-020309/full-submission.txt |
0000320193 | 20161026 | 10-K | 377 | The Company’s business requires it to use and store customer, employee and business partner personally identifiable information (“PII”). | 0001628280-16-020309/full-submission.txt |
0000320193 | 20161026 | 10-K | 378 | This may include, among other information, names, addresses, phone numbers, email addresses, contact preferences, tax identification numbers and payment account information. | 0001628280-16-020309/full-submission.txt |
0000320193 | 20161026 | 10-K | 379 | Although malicious attacks to gain access to PII affect many companies across various industries, the Company is at a relatively greater risk of being targeted because of its high profile and the amount of PII it manages. | 0001628280-16-020309/full-submission.txt |
0000320193 | 20161026 | 10-K | 380 | The Company requires user names and passwords in order to access its information technology systems. | 0001628280-16-020309/full-submission.txt |
0000320193 | 20161026 | 10-K | 381 | The Company also uses encryption and authentication technologies designed to secure the transmission and storage of data and prevent access to Company data or accounts. | 0001628280-16-020309/full-submission.txt |
0000320193 | 20161026 | 10-K | 382 | As with all companies, these security measures are subject to third-party security breaches, employee error, malfeasance, faulty password management, or other irregularities. | 0001628280-16-020309/full-submission.txt |
0000320193 | 20161026 | 10-K | 383 | For example, third parties may attempt to fraudulently induce employees or customers into disclosing user names, passwords or other sensitive information, which may in turn be used to access the Company’s information technology systems. | 0001628280-16-020309/full-submission.txt |
0000320193 | 20161026 | 10-K | 384 | To help protect customers and the Company, the Company monitors accounts and systems for unusual activity and may freeze accounts under suspicious circumstances, which may result in the delay or loss of customer orders. | 0001628280-16-020309/full-submission.txt |
0000320193 | 20161026 | 10-K | 385 | The Company devotes significant resources to network security, data encryption and other security measures to protect its systems and data, but these security measures cannot provide absolute security. | 0001628280-16-020309/full-submission.txt |
0000320193 | 20161026 | 10-K | 386 | To the extent the Company was to experience a breach of its systems and was unable to protect sensitive data, such a breach could materially damage business partner and customer relationships, and curtail or otherwise adversely impact access to online stores and services. | 0001628280-16-020309/full-submission.txt |
0000320193 | 20161026 | 10-K | 387 | Moreover, if a computer security breach affects the Company’s systems or results in the unauthorized release of PII, the Company’s reputation and brand could be materially damaged, use of the Company’s products and services could decrease, and the Company could be exposed to a risk of loss or litigation and possible li... | 0001628280-16-020309/full-submission.txt |
0000320193 | 20161026 | 10-K | 388 | While the Company maintains insurance coverage that, subject to policy terms and conditions and subject to a significant self-insured retention, is designed to address certain aspects of cyber risks, such insurance coverage may be insufficient to cover all losses or all types of claims that may arise in the continually... | 0001628280-16-020309/full-submission.txt |
0000320193 | 20161026 | 10-K | 389 | The Company is also subject to payment card association rules and obligations under its contracts with payment card processors. | 0001628280-16-020309/full-submission.txt |
0000320193 | 20161026 | 10-K | 390 | Under these rules and obligations, if information is compromised, the Company could be liable to payment card issuers for associated expenses and penalties. | 0001628280-16-020309/full-submission.txt |
0000320193 | 20161026 | 10-K | 391 | In addition, if the Company fails to follow payment card industry security standards, even if no customer information is compromised, the Company could incur significant fines or experience a significant increase in payment card transaction costs. | 0001628280-16-020309/full-submission.txt |
0000320193 | 20161026 | 10-K | 392 | The Company’s business is subject to a variety of U.S. and international laws, rules, policies and other obligations regarding data protection. | 0001628280-16-020309/full-submission.txt |
0000320193 | 20161026 | 10-K | 393 | The Company is subject to federal, state and international laws relating to the collection, use, retention, security and transfer of PII. | 0001628280-16-020309/full-submission.txt |
0000320193 | 20161026 | 10-K | 394 | In many cases, these laws apply not only to third-party transactions, but also may restrict transfers of PII among the Company and its international subsidiaries. | 0001628280-16-020309/full-submission.txt |
0000320193 | 20161026 | 10-K | 395 | Several jurisdictions have passed laws in this area, and other jurisdictions are considering imposing additional restrictions. | 0001628280-16-020309/full-submission.txt |
0000320193 | 20161026 | 10-K | 396 | These laws continue to develop and may be inconsistent from jurisdiction to jurisdiction. | 0001628280-16-020309/full-submission.txt |
0000320193 | 20161026 | 10-K | 397 | Complying with emerging and changing international requirements may cause the Company to incur substantial costs or require the Company to change its business practices. | 0001628280-16-020309/full-submission.txt |
0000320193 | 20161026 | 10-K | 398 | Noncompliance could result in significant penalties or legal liability. | 0001628280-16-020309/full-submission.txt |
0000320193 | 20161026 | 10-K | 399 | The Company makes statements about its use and disclosure of PII through its privacy policy, information provided on its website and press statements. | 0001628280-16-020309/full-submission.txt |
0000320193 | 20161026 | 10-K | 400 | Any failure by the Company to comply with these public statements or with other federal, state or international privacy-related or data protection laws and regulations could result in proceedings against the Company by governmental entities or others. | 0001628280-16-020309/full-submission.txt |
0000320193 | 20161026 | 10-K | 401 | Penalties could include ongoing audit requirements or significant legal liability. | 0001628280-16-020309/full-submission.txt |
0000320193 | 20161026 | 10-K | 402 | The Company’s success depends largely on the continued service and availability of key personnel. | 0001628280-16-020309/full-submission.txt |
0000320193 | 20161026 | 10-K | 403 | Much of the Company’s future success depends on the continued availability and service of key personnel, including its Chief Executive Officer, executive team and other highly skilled employees. | 0001628280-16-020309/full-submission.txt |
0000320193 | 20161026 | 10-K | 404 | Experienced personnel in the technology industry are in high demand and competition for their talents is intense, especially in Silicon Valley, where most of the Company’s key personnel are located. | 0001628280-16-020309/full-submission.txt |
0000320193 | 20161026 | 10-K | 405 | Apple Inc. | 2016 Form 10-K | 14
The Company’s business may be impacted by political events, war, terrorism, public health issues, natural disasters and other business interruptions. | 0001628280-16-020309/full-submission.txt |
0000320193 | 20161026 | 10-K | 406 | War, terrorism, geopolitical uncertainties, public health issues and other business interruptions have caused and could cause damage or disruption to international commerce and the global economy, and thus could have a material adverse effect on the Company, its suppliers, logistics providers, manufacturing vendors and... | 0001628280-16-020309/full-submission.txt |
0000320193 | 20161026 | 10-K | 407 | The Company’s business operations are subject to interruption by, among others, natural disasters, whether as a result of climate change or otherwise, fire, power shortages, nuclear power plant accidents and other industrial accidents, terrorist attacks and other hostile acts, labor disputes, public health issues and o... | 0001628280-16-020309/full-submission.txt |
0000320193 | 20161026 | 10-K | 408 | Such events could decrease demand for the Company’s products, make it difficult or impossible for the Company to make and deliver products to its customers, including channel partners, or to receive components from its suppliers, and create delays and inefficiencies in the Company’s supply chain. | 0001628280-16-020309/full-submission.txt |
0000320193 | 20161026 | 10-K | 409 | While the Company's suppliers are required to maintain safe working environments and operations, an industrial accident could occur and could result in disruption to the Company's business and harm to the Company's reputation. | 0001628280-16-020309/full-submission.txt |
0000320193 | 20161026 | 10-K | 410 | Should major public health issues, including pandemics, arise, the Company could be adversely affected by more stringent employee travel restrictions, additional limitations in freight services, governmental actions limiting the movement of products between regions, delays in production ramps of new products and disrup... | 0001628280-16-020309/full-submission.txt |
0000320193 | 20161026 | 10-K | 411 | The majority of the Company’s R&D activities, its corporate headquarters, information technology systems and other critical business operations, including certain component suppliers and manufacturing vendors, are in locations that could be affected by natural disasters. | 0001628280-16-020309/full-submission.txt |
0000320193 | 20161026 | 10-K | 412 | In the event of a natural disaster, the Company could incur significant losses, require substantial recovery time and experience significant expenditures in order to resume operations. | 0001628280-16-020309/full-submission.txt |
0000320193 | 20161026 | 10-K | 413 | The Company expects its quarterly revenue and operating results to fluctuate. | 0001628280-16-020309/full-submission.txt |
0000320193 | 20161026 | 10-K | 414 | The Company’s profit margins vary across its products and distribution channels. | 0001628280-16-020309/full-submission.txt |
0000320193 | 20161026 | 10-K | 415 | The Company’s software, accessories, and service and support contracts generally have higher gross margins than certain of the Company’s other products. | 0001628280-16-020309/full-submission.txt |
0000320193 | 20161026 | 10-K | 416 | Gross margins on the Company’s hardware products vary across product lines and can change over time as a result of product transitions, pricing and configuration changes, and component, warranty, and other cost fluctuations. | 0001628280-16-020309/full-submission.txt |
0000320193 | 20161026 | 10-K | 417 | The Company’s direct sales generally have higher associated gross margins than its indirect sales through its channel partners. | 0001628280-16-020309/full-submission.txt |
0000320193 | 20161026 | 10-K | 418 | In addition, the Company’s gross margin and operating margin percentages, as well as overall profitability, may be materially adversely impacted as a result of a shift in product, geographic or channel mix, component cost increases, the strengthening U.S. dollar, price competition, or the introduction of new products, ... | 0001628280-16-020309/full-submission.txt |
0000320193 | 20161026 | 10-K | 419 | The Company has typically experienced higher net sales in its first quarter compared to other quarters due in part to seasonal holiday demand. | 0001628280-16-020309/full-submission.txt |
0000320193 | 20161026 | 10-K | 420 | Additionally, new product introductions can significantly impact net sales, product costs and operating expenses. | 0001628280-16-020309/full-submission.txt |
0000320193 | 20161026 | 10-K | 421 | Further, the Company generates a majority of its net sales from a single product and a decline in demand for that product could significantly impact quarterly net sales. | 0001628280-16-020309/full-submission.txt |
0000320193 | 20161026 | 10-K | 422 | The Company could also be subject to unexpected developments late in a quarter, such as lower-than-anticipated demand for the Company’s products, issues with new product introductions, an internal systems failure, or failure of one of the Company’s logistics, components supply, or manufacturing partners. | 0001628280-16-020309/full-submission.txt |
0000320193 | 20161026 | 10-K | 423 | The Company’s stock price is subject to volatility. | 0001628280-16-020309/full-submission.txt |
0000320193 | 20161026 | 10-K | 424 | The Company’s stock price has experienced substantial price volatility in the past and may continue to do so in the future. | 0001628280-16-020309/full-submission.txt |
0000320193 | 20161026 | 10-K | 425 | Additionally, the Company, the technology industry and the stock market as a whole have experienced extreme stock price and volume fluctuations that have affected stock prices in ways that may have been unrelated to these companies’ operating performance. | 0001628280-16-020309/full-submission.txt |
0000320193 | 20161026 | 10-K | 426 | Price volatility over a given period may cause the average price at which the Company repurchases its own stock to exceed the stock’s price at a given point in time. | 0001628280-16-020309/full-submission.txt |
0000320193 | 20161026 | 10-K | 427 | The Company believes its stock price should reflect expectations of future growth and profitability. | 0001628280-16-020309/full-submission.txt |
0000320193 | 20161026 | 10-K | 428 | The Company also believes its stock price should reflect expectations that its cash dividend will continue at current levels or grow and that its current share repurchase program will be fully consummated. | 0001628280-16-020309/full-submission.txt |
0000320193 | 20161026 | 10-K | 429 | Future dividends are subject to declaration by the Company’s Board of Directors, and the Company’s share repurchase program does not obligate it to acquire any specific number of shares. | 0001628280-16-020309/full-submission.txt |
0000320193 | 20161026 | 10-K | 430 | If the Company fails to meet expectations related to future growth, profitability, dividends, share repurchases or other market expectations, its stock price may decline significantly, which could have a material adverse impact on investor confidence and employee retention. | 0001628280-16-020309/full-submission.txt |
0000320193 | 20161026 | 10-K | 431 | Apple Inc. | 2016 Form 10-K | 15
The Company’s financial performance is subject to risks associated with changes in the value of the U.S. dollar versus local currencies. | 0001628280-16-020309/full-submission.txt |
0000320193 | 20161026 | 10-K | 432 | The Company’s primary exposure to movements in foreign currency exchange rates relates to non-U.S. dollar-denominated sales and operating expenses worldwide. | 0001628280-16-020309/full-submission.txt |
0000320193 | 20161026 | 10-K | 433 | Weakening of foreign currencies relative to the U.S. dollar adversely affects the U.S. dollar value of the Company’s foreign currency-denominated sales and earnings, and generally leads the Company to raise international pricing, potentially reducing demand for the Company’s products. | 0001628280-16-020309/full-submission.txt |
0000320193 | 20161026 | 10-K | 434 | Margins on sales of the Company’s products in foreign countries and on sales of products that include components obtained from foreign suppliers, could be materially adversely affected by foreign currency exchange rate fluctuations. | 0001628280-16-020309/full-submission.txt |
0000320193 | 20161026 | 10-K | 435 | In some circumstances, for competitive or other reasons, the Company may decide not to raise local prices to fully offset the dollar’s strengthening, or at all, which would adversely affect the U.S. dollar value of the Company’s foreign currency-denominated sales and earnings. | 0001628280-16-020309/full-submission.txt |
0000320193 | 20161026 | 10-K | 436 | Conversely, a strengthening of foreign currencies relative to the U.S. dollar, while generally beneficial to the Company’s foreign currency-denominated sales and earnings, could cause the Company to reduce international pricing and incur losses on its foreign currency derivative instruments, thereby limiting the benefi... | 0001628280-16-020309/full-submission.txt |
0000320193 | 20161026 | 10-K | 437 | Additionally, strengthening of foreign currencies may also increase the Company’s cost of product components denominated in those currencies, thus adversely affecting gross margins. | 0001628280-16-020309/full-submission.txt |
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