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value | date stringlengths 8 8 | form stringclasses 4
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0000320193 | 20071115 | 10-K | 236 | The Company's purchase commitments typically cover its requirements for periods ranging from 30 to 150 days. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 237 | The Company believes there are several component suppliers and manufacturing vendors whose loss to the Company could have a material adverse effect upon the Company's business and financial condition. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 238 | At this time, such vendors include Agere Systems, Inc., Ambit Microsystems Corporation, Amperex Technology Limited, ASUSTeK Corporation, ATI Technologies, Inc., Atheros Communications Inc., AU Optronics Corporation, Broadcom Corporation, Chi Mei Optoelectronics Corporation, Cypress Semiconductor Corporation, Hitachi Gl... | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 239 | Phillips Co., Ltd., Matsushita, Murata Manufacturing Co., Ltd., National Semiconductor Corporation, NVIDIA Corp., Inc., Quanta Computer, Inc., Renesas Semiconductor Co. Ltd., Samsung Electronics, Sony Corporation, Synaptics, Inc., Texas Instruments, and Toshiba Corporation. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 240 | Certain of these vendors are the sole-sourced supplier of components and manufacturing outsourcing for many of the Company's key products, including but not limited to, assembly of most of the Company's portable Mac computers, iPods, and iPhones. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 241 | Research and Development
Because the personal computer, consumer electronics, and mobile communication industries are characterized by rapid technological advances, the Company's ability to compete successfully is heavily dependent upon its ability to ensure a continual and timely flow of competitive products, services... | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 242 | The Company continues to develop new products and technologies and to enhance existing products in the areas of computer hardware and peripherals, consumer electronics products, mobile communication devices, system software, applications software, networking and communications software and solutions, and Internet servi... | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 243 | The Company may expand the range of its product offerings and intellectual property through licensing and/or acquisition of third-party business and technology. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 244 | The Company's research and development expenditures totaled $782 million, $712 million, and $535 million in 2007, 2006, and 2005, respectively. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 245 | Patents, Trademarks, Copyrights and Licenses
The Company currently holds rights to patents and copyrights relating to certain aspects of its computer systems, iPods, iPhone, peripherals, software, and services. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 246 | In addition, the Company has registered, and/or has applied to register, trademarks and service marks in the U.S. and a number of foreign countries for "Apple," the Apple logo, "Macintosh," "Mac," "iPod," "iTunes," "iTunes Store," "iPhone," and numerous other trademarks and service marks. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 247 | Although the Company believes the ownership of such patents, copyrights, trademarks and service marks is an important factor in its business and that its success does depend in part on the ownership thereof, the Company relies primarily on the innovative skills, technical competence, and marketing abilities of its pers... | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 248 | Many of the Company's products are designed to include intellectual property obtained from third-parties. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 249 | 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, based upon past experience and industry practice, such licenses generally could be obtained on commercially reasonable terms; however, there is no guarantee that such... | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 250 | Because of technological changes in the computer industry, 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 or intellectual property rights of others. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 251 | From time to time, the Company has been notified that it may be infringing certain patents or other intellectual property rights of third-parties. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 252 | Foreign and Domestic Operations and Geographic Data
The U.S. represents the Company's largest geographic marketplace. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 253 | Approximately 60% of the Company's net sales in 2007 came from sales to customers inside the U.S. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 254 | 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 ("Korea"); the People's Republic of China ("China"); and the Czech Republic. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 255 | Currently, the supply and manufacture of many critical components used in the Company's products is performed by sole-sourced third-party vendors in the U.S., China, Japan, Korea, and Singapore. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 256 | Final assembly of substantially all of the Company's portable products, including MacBook Pro, MacBook, iPod, and iPhone, is performed by sole-sourced third-party vendors in China. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 257 | Margins on sales of the Company's products in foreign countries, and on sales of products that include components obtained from foreign suppliers, can be adversely affected by foreign currency exchange rate fluctuations and by international trade regulations, including tariffs and antidumping penalties. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 258 | Information regarding financial data by geographic segment is set forth in Part II, Item 8 of this Form 10-K and in Notes to Consolidated Financial Statements at Note 9, "Segment Information and Geographic Data." | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 259 | Seasonal Business
The Company has historically experienced increased net sales in its first and fourth fiscal quarters compared to other quarters in its fiscal year due to seasonal demand related to the holiday season and the beginning of the school year. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 260 | This historical pattern should not be considered a reliable indicator of the Company's future net sales or financial performance. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 261 | Warranty
The Company offers a basic limited parts and labor warranty on most of its hardware products, including Mac computers, iPods and iPhones. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 262 | The basic warranty period is typically one year from the date of purchase by the end-user. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 263 | The Company also offers a 90-day basic warranty for its service parts used to repair the Company's hardware products. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 264 | In addition, consumers may purchase extended service coverage on most of the Company's hardware products in all of its major markets. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 265 | Backlog
In the Company's experience, the actual amount of product backlog at any particular time is not a meaningful indication of its future business prospects. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 266 | In particular, backlog often increases in anticipation of or immediately following new product introductions as dealers anticipate shortages. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 267 | Backlog is often reduced once dealers and customers believe they can obtain sufficient supply. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 268 | Because of the foregoing, backlog should not be considered a reliable indicator of the Company's ability to achieve any particular level of revenue or financial performance. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 269 | Environmental Laws
Compliance with federal, state, local, and foreign laws enacted for the protection of the environment has to date had no material effect on the Company's capital expenditures, earnings, or competitive position. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 270 | In the future, these laws could have a material adverse effect on the Company. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 271 | Production and marketing of products in certain states and countries may subject the Company to environmental and other regulations including, in some instances, the requirement to provide customers the ability to return product at the end of its useful life, and place responsibility for environmentally safe disposal o... | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 272 | Such laws and regulations have recently been passed in several jurisdictions in which the Company operates including various countries within Europe and Asia, certain Canadian provinces and certain states within the U.S. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 273 | Although the Company does not anticipate any material adverse effects in the future based on the nature of its operations and the thrust of such laws, there is no assurance that such existing laws or future laws will not have a material adverse effect on the Company's financial condition or operating results. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 274 | Employees
As of September 29, 2007, the Company had approximately 21,600 full-time equivalent employees and an additional 2,100 temporary equivalent employees and contractors. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 275 | Available Information
The Company's Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K, and amendments to reports filed pursuant to Sections 13(a) and 15(d) of the Securities Exchange Act of 1934, as amended, are filed with the U.S. Securities and Exchange Commission ("SEC"). | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 276 | Such reports and other information filed by the Company with the SEC are available on the Company's website at http://www.apple.com/investor when such reports are available on the SEC website. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 277 | The public may read and copy any materials filed by the Company with the SEC at the SEC's Public Reference Room at 100 F Street, NE, Room 1580, Washington, DC 20549. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 278 | The public may obtain information on the operation of the Public Reference Room by calling the SEC at 1-800-SEC-0330. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 279 | The SEC maintains an Internet site that contains reports, proxy, and information statements and other information regarding issuers that file electronically with the SEC at http://www.sec.gov. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 280 | The contents of these websites are not incorporated into this filing. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 281 | Further, the Company's references to the URLs for these websites are intended to be inactive textual references only. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 282 | Item 1A. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 283 | Risk Factors
Because of the following factors, as well as other factors affecting the Company's financial condition and operating results, past financial performance should not be considered to be a reliable indicator of future performance, and investors should not use historical trends to anticipate results or trends ... | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 284 | The matters relating to the Company's past stock option practices and the restatement of the Company's consolidated financial statements may result in additional litigation and government enforcement actions. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 285 | The findings from the Company's investigation into its past stock option granting practices and the resulting restatement of prior financial statements in its 2006 Form 10-K have exposed the Company to greater risks associated with litigation, regulatory proceedings and government enforcement actions. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 286 | As
described in Part I, Item 3, "Legal Proceedings," several derivative complaints and a class action complaint have been filed in state and federal courts against the Company and certain current and former directors and executive officers pertaining to allegations relating to past stock option grants. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 287 | The Company has provided the results of its investigation to the SEC and the United States Attorney's Office for the Northern District of California, and the Company has responded to their requests for documents and additional information. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 288 | The Company intends to continue to provide its full cooperation. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 289 | On April 24, 2007, the SEC filed an enforcement action against two former officers of the Company. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 290 | In announcing the lawsuit, the SEC stated that it would not bring an enforcement action against the Company based in part on the Company's "swift, extensive, and extraordinary cooperation in the Commission's investigation." | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 291 | According to the SEC's statement, the Company's "cooperation consisted of, among other things, prompt self-reporting, an independent internal investigation, the sharing of the results of that investigation with the government, and the implementation of new controls designed to prevent the recurrence of fraudulent condu... | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 292 | No assurance can be given regarding the outcomes from litigation, regulatory proceedings, or government enforcement actions relating to the Company's past stock option practices. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 293 | These and related matters have required, and will continue to require, the Company to incur substantial expenses for legal, accounting, tax, and other professional services, and may divert management's attention from the Company's business. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 294 | If the Company is subject to adverse findings, it could be required to pay damages and penalties and might face additional remedies that could harm its financial condition and operating results. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 295 | Global markets for personal computers, digital music devices, mobile communication devices, and related peripherals and services are highly competitive and subject to rapid technological change. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 296 | If the Company is unable to compete effectively in these markets, its financial condition and operating results could be materially adversely affected. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 297 | The Company competes in global markets that are highly competitive and characterized by aggressive price cutting, with its resulting downward pressure on gross margins, frequent introduction of new products and products, short product life cycles, evolving industry standards, continual improvement in product price/perf... | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 298 | The Company's ability to compete successfully depends heavily on its ability to ensure a continuing and timely introduction of new innovative products and technologies to the marketplace. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 299 | The Company believes it is unique in that it designs and develops virtually the entire solution for its personal computers, consumer electronics, and mobile communication devices, including the hardware, operating system, several software applications, and related services. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 300 | As a result, the Company must make significant investments in research and development. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 301 | By contrast, many of the Company's competitors seek to compete aggressively on price and maintain very low cost structures. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 302 | If the Company is unable to continue to develop and sell innovative new products with attractive margins, its financial condition and operating results may be materially adversely affected. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 303 | In the market for personal computers and peripherals, the Company faces a significant number of competitors, many of which have broader product lines and larger installed customer bases. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 304 | There has also been a trend toward consolidation that has resulted in larger and potentially stronger competitors. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 305 | Price competition has been particularly intense as competitors selling Windows-based personal computers have aggressively cut prices and lowered product margins. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 306 | The Company also faces increased competition in certain of its key market segments, including consumer, education, professional and consumer digital video editing, and design and publishing. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 307 | An increasing number of Internet devices that include software applications and are smaller and simpler than traditional personal computers compete for market share with the Company's existing products. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 308 | The Company is currently the only maker of hardware using the Mac OS. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 309 | The Mac OS has a minority market share in the personal computer market, which is dominated by makers of computers using competing operating systems, most notably Windows. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 310 | The Company's financial condition and operating results substantially depend on its ability to continually develop improvements to the Mac platform to maintain perceived design and functional advantages. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 311 | Use of unauthorized copies of the Mac OS on other companies' hardware products may result in decreased demand for the Company's hardware products, and materially adversely affect its financial condition and operating results. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 312 | The Company is currently focused on opportunities related to digital content distribution, consumer electronic devices, including iPod and Apple TV, and mobile communication devices, including iPhone. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 313 | The Company faces substantial competition from companies that have significant technical, marketing, distribution, and other resources, as well as established hardware, software, and digital content supplier relationships, and also competes with illegitimate ways to obtain digital content. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 314 | The Company expects competition to intensify as competitors attempt to imitate the Company's approach to providing these components seamlessly within their individual offerings or work collaboratively to offer integrated solutions. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 315 | Some current and potential competitors have substantial resources and experience, and they may be able to provide such products and services at little or no profit or even at a loss. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 316 | There can be no assurance the Company will be able to continue to provide products and services that effectively compete. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 317 | To remain competitive and stimulate customer demand, the Company must successfully manage frequent product introductions and transitions. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 318 | Due to the highly volatile and competitive nature of the personal computer, consumer electronics and mobile communication industries, the Company must continually introduce new products and technologies, enhance existing products, and effectively stimulate customer demand for new and upgraded products. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 319 | The success of new product introductions depends on a number of factors, including timely and successful completion of development efforts, market acceptance, the Company's ability to manage the risks associated with new products and production ramp issues, the availability of application software for new products, the... | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 320 | Accordingly, the Company cannot determine in advance the ultimate effect new product introductions and transitions will have on financial condition and operating results. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 321 | The Company faces substantial inventory and other asset risk. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 322 | The Company records a write-down for product and component inventories 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. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 323 | The Company also reviews its long-lived assets for impairment whenever events or changed circumstances indicate the carrying amount of an asset may not be recoverable. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 324 | If the Company determines that impairment exists, it records a write-down equal to the amount by which the carrying value of the assets exceeds its fair market value. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 325 | Although the Company believes its inventory, asset, and related provisions are currently adequate, given the rapid and unpredictable pace of product obsolescence in the global personal computer, consumer electronics, and mobile communication industries, no assurance can be given that the Company will not incur addition... | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 326 | Such charges have had, and may have, a material adverse effect on the Company's financial condition and operating results. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 327 | The Company must order components for its products and build inventory in advance of product announcements and shipments. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 328 | Because the Company's markets are volatile, competitive and subject to rapid technology and price changes, there is a risk the Company will forecast incorrectly and order or produce excess or insufficient inventories of components or products. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 329 | Consistent with industry practice, components are normally acquired through a combination of purchase orders, supplier contracts, and open orders based on projected demand. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 330 | Such purchase commitments typically cover forecasted component and
manufacturing requirements for 30 to 150 days. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 331 | The Company's financial condition and operating results 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. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 332 | Future operating results depend upon the Company's ability to obtain key components, including microprocessors and NAND flash memory, at favorable prices and in sufficient quantities. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 333 | Because the Company currently obtains certain key components, including microprocessors, enclosures, certain LCDs, certain optical drives, and application-specific integrated circuits ("ASICs"), from single or limited sources, the Company is subject to significant supply and pricing risks. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 334 | Many of these and other key components that are available from multiple sources, including NAND flash memory, DRAM memory, and certain LCDs, are subject at times to industry-wide shortages and significant commodity pricing fluctuations. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 335 | The Company has entered into certain agreements for the supply of critical components at favorable pricing, but there is no guarantee that the Company will be able to extend or renew these agreements on favorable terms upon expiration or otherwise obtain favorable pricing in the future. | 0001047469-07-009340/full-submission.txt |
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