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0000320193
20071115
10-K
2,136
This auditor independence policy also mandates that the audit and non-audit services and related budget be approved by the Audit Committee in advance, and that the Audit Committee be provided with quarterly reporting on actual spending.
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20071115
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In accordance with this policy, all services to be performed by KPMG were pre-approved by the Audit Committee.
0001047469-07-009340/full-submission.txt
0000320193
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10-K
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Subsequent to the enactment of the Act, the Audit Committee met with KPMG to further understand the provisions of the Act as it relates to auditor independence.
0001047469-07-009340/full-submission.txt
0000320193
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10-K
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KPMG previously rotated the lead audit partner in fiscal year 2005 in compliance with the Act.
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0000320193
20071115
10-K
2,140
KPMG also rotated other partners in 2007 and 2006, and will rotate additional partners as appropriate.
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0000320193
20071115
10-K
2,141
The Audit Committee will continue to monitor the activities undertaken by KPMG to comply with the Act.
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0000320193
20071115
10-K
2,142
PART IV Item 15.
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20071115
10-K
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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 29, 2007 and September 30, 2006 Consolidated Statements of Operations for the three fiscal years ended September 29, ...
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(4)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.
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20071115
10-K
2,145
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 15th day of November 2007.
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0000320193
20071115
10-K
2,146
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 ...
0001047469-07-009340/full-submission.txt
0000320193
20071115
10-K
2,147
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...
0001047469-07-009340/full-submission.txt
0000320193
20071115
10-K
2,148
S-3 7/27/88 3.2 Certificate of Amendment to Restated Articles of Incorporation, filed with the Secretary of State of the State of California on May 4, 2000.
0001047469-07-009340/full-submission.txt
0000320193
20071115
10-K
2,149
10-Q 5/11/00 3.3 Certificate of Amendment to Restated Articles of Incorporation, as amended, filed with the Secretary of State of the State of California on February 25, 2005.
0001047469-07-009340/full-submission.txt
0000320193
20071115
10-K
2,150
10-Q 3/26/05 3.4 Certificate of Determination of Preferences of Series A Non-Voting Convertible Preferred Stock of the Registrant.
0001047469-07-009340/full-submission.txt
0000320193
20071115
10-K
2,151
10-K 9/26/97 3.5** By-Laws of the Registrant, as amended through November 13, 2007.
0001047469-07-009340/full-submission.txt
0000320193
20071115
10-K
2,152
10.1* 1990 Stock Option Plan, as amended through November 5, 1997.
0001047469-07-009340/full-submission.txt
0000320193
20071115
10-K
2,153
10-Q 12/26/97 10.2* Employee Stock Purchase Plan, as amended through May 10, 2007.
0001047469-07-009340/full-submission.txt
0000320193
20071115
10-K
2,154
8-K 5/16/07 10.3* Form of Indemnification Agreement between the Registrant and each officer of the Registrant.
0001047469-07-009340/full-submission.txt
0000320193
20071115
10-K
2,155
10-K 9/26/97 10.4* NeXT Computer, Inc. 1990 Stock Option Plan, as amended.
0001047469-07-009340/full-submission.txt
0000320193
20071115
10-K
2,156
S-8 3/21/97 10.5* 1997 Employee Stock Option Plan, as amended through October 19, 2001.
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0000320193
20071115
10-K
2,157
10-K 9/28/02 10.6* 1997 Director Stock Option Plan, as amended through May 10, 2007.
0001047469-07-009340/full-submission.txt
0000320193
20071115
10-K
2,158
8-K 5/16/07 10.7* 2003 Employee Stock Plan, as amended through May 10, 2007.
0001047469-07-009340/full-submission.txt
0000320193
20071115
10-K
2,159
8-K 5/16/07 10.8* Reimbursement Agreement dated as of May 25, 2001 by and between the Registrant and Steven P. Jobs.
0001047469-07-009340/full-submission.txt
0000320193
20071115
10-K
2,160
10-Q 6/29/02 10.9* Form of Restricted Stock Unit Award Agreement.
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0000320193
20071115
10-K
2,161
10-Q 3/27/04 10.10* Alternative Form of Restricted Stock Unit Award Agreement.
0001047469-07-009340/full-submission.txt
0000320193
20071115
10-K
2,162
10-K 9/24/05 10.11* Performance Bonus Plan dated April 21, 2005.
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0000320193
20071115
10-K
2,163
10-Q 3/26/05 10.12* Form of Election to Satisfy Tax Withholding with Stock.
0001047469-07-009340/full-submission.txt
0000320193
20071115
10-K
2,164
8-K 8/15/05 10.13* Form of Option Agreements.
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0000320193
20071115
10-K
2,165
10-K 9/24/05 10.14* Consulting Agreement dated as of April 17, 2006 by and between the Registrant and J.R. Ruby Consulting Corp. 10-Q 7/1/06 10.15** Form of Restricted Stock Unit Award Agreement effective as of August 28, 2007.
0001047469-07-009340/full-submission.txt
0000320193
20071115
10-K
2,166
14.1 Code of Ethics of the Registrant.
0001047469-07-009340/full-submission.txt
0000320193
20071115
10-K
2,167
10-K 9/27/03 21** Subsidiaries of the Registrant.
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0000320193
20071115
10-K
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23.1** Consent of Independent Registered Public Accounting Firm.
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20071115
10-K
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24.1** Power of Attorney (included on the Signature Page of this Annual Report on Form 10-K).
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20071115
10-K
2,170
31.1** Rule13a-14(a) / 15d-14(a) Certification of Chief Executive Officer.
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20071115
10-K
2,171
31.2** Rule13a-14(a) / 15d-14(a) Certification of Chief Financial Officer.
0001047469-07-009340/full-submission.txt
0000320193
20071115
10-K
2,172
32.1*** Section 1350 Certifications of Chief Executive Officer and Chief Financial Officer.
0001047469-07-009340/full-submission.txt
0000320193
20071115
10-K
2,173
*Indicates management contract or compensatory plan or arrangement.
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10-K
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**Filed herewith.
0001047469-07-009340/full-submission.txt
0000320193
20071115
10-K
2,175
***Furnished herewith.
0001047469-07-009340/full-submission.txt
0000320193
20071115
10-K
2,176
PART I Item 1. Business Item 1A.
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0000320193
20071115
10-K
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Risk Factors Item 1B.
0001047469-07-009340/full-submission.txt
0000320193
20071115
10-K
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Unresolved Staff Comments Item 2.
0001047469-07-009340/full-submission.txt
0000320193
20071115
10-K
2,179
Properties Item 3.
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20071115
10-K
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Legal Proceedings Item 4.
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0000320193
20071115
10-K
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Submission of Matters to a Vote of Security Holders PART II Item 5.
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20071115
10-K
2,182
Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities Item 6.
0001047469-07-009340/full-submission.txt
0000320193
20071115
10-K
2,183
Selected Financial Data Item 7.
0001047469-07-009340/full-submission.txt
0000320193
20071115
10-K
2,184
Management's Discussion and Analysis of Financial Condition and Results of Operations Item 7A.
0001047469-07-009340/full-submission.txt
0000320193
20071115
10-K
2,185
Quantitative and Qualitative Disclosures About Market Risk Item 8.
0001047469-07-009340/full-submission.txt
0000320193
20071115
10-K
2,186
Financial Statements and Supplementary Data CONSOLIDATED BALANCE SHEETS (In millions, except share amounts) CONSOLIDATED STATEMENTS OF OPERATIONS (In millions, except share and per share amounts) CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (In millions, except share amounts which are in thousands) CONSOLIDATED STAT...
0001047469-07-009340/full-submission.txt
0000320193
20071115
10-K
2,187
Changes in and Disagreements with Accountants on Accounting and Financial Disclosure Item 9A.
0001047469-07-009340/full-submission.txt
0000320193
20071115
10-K
2,188
Controls and Procedures Item 9B.
0001047469-07-009340/full-submission.txt
0000320193
20071115
10-K
2,189
Other Information PART III Item 10.
0001047469-07-009340/full-submission.txt
0000320193
20071115
10-K
2,190
Directors, Executive Officers and Corporate Governance Item 11.
0001047469-07-009340/full-submission.txt
0000320193
20071115
10-K
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Executive Compensation COMPENSATION DISCUSSION AND ANALYSIS Item 12.
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0000320193
20071115
10-K
2,192
Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters Item 13.
0001047469-07-009340/full-submission.txt
0000320193
20071115
10-K
2,193
Certain Relationships and Related Transactions, and Director Independence Item 14.
0001047469-07-009340/full-submission.txt
0000320193
20071115
10-K
2,194
Principal Accountant Fees and Services Audit and Non-Audit Fees PART IV SIGNATURES Power of Attorney EXHIBIT INDEX
0001047469-07-009340/full-submission.txt
0000320193
20211029
10-K
0
10-K aapl-20210925.htm 10-K aapl-20210925false2021FY0000320193P1YP5YP1Y64P1Y26P1Y82http://fasb.org/us-gaap/2021-01-31#OtherAssetsNoncurrenthttp://fasb.org/us-gaap/2021-01-31#OtherAssetsNoncurrenthttp://fasb.org/us-gaap/2021-01-31#PropertyPlantAndEquipmentNethttp://fasb.org/us-gaap/2021-01-31#PropertyPlantAndEquipmentNe...
0000320193-21-000105/full-submission.txt
0000320193
20211029
10-K
1
Commission File Number: 001-36743 Apple Inc. (Exact name of Registrant as specified in its charter) California 94-2404110 (State or other jurisdiction of incorporation or organization) (I.R.S.
0000320193-21-000105/full-submission.txt
0000320193
20211029
10-K
2
Employer Identification No.)
0000320193-21-000105/full-submission.txt
0000320193
20211029
10-K
3
One Apple Park Way Cupertino, California (Address of principal executive offices) (Zip Code) (408) 996-1010 (Registrant’s telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading symbol(s) Name of each exchange on which registered Common Stock, $0.00...
0000320193-21-000105/full-submission.txt
0000320193
20211029
10-K
4
Yes ☒ No ☐ Indicate by check mark if the Registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.
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0000320193
20211029
10-K
5
Yes ☐ No ☒ Indicate by check mark whether the Registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the Registrant was required to file such reports), and (2) has been subject to such filing...
0000320193-21-000105/full-submission.txt
0000320193
20211029
10-K
6
Yes ☒ No ☐ Indicate by check mark whether the Registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the Registrant was required to submit such files).
0000320193-21-000105/full-submission.txt
0000320193
20211029
10-K
7
Yes ☒ No ☐ Indicate by check mark whether the Registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company.
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0000320193
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10-K
8
See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.
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0000320193
20211029
10-K
9
Large accelerated filer ☒ Accelerated filer ☐ Non-accelerated filer ☐ Smaller reporting company ☐ Emerging growth company ☐ If an emerging growth company, indicate by check mark if the Registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards p...
0000320193-21-000105/full-submission.txt
0000320193
20211029
10-K
10
☐ Indicate by check mark whether the Registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C.
0000320193-21-000105/full-submission.txt
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20211029
10-K
11
7262(b)) by the registered public accounting firm that prepared or issued its audit report.
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0000320193
20211029
10-K
12
☒ Indicate by check mark whether the Registrant is a shell company (as defined in Rule 12b-2 of the Act).
0000320193-21-000105/full-submission.txt
0000320193
20211029
10-K
13
Yes ☐ No ☒ The aggregate market value of the voting and non-voting stock held by non-affiliates of the Registrant, as of March 26, 2021, the last business day of the Registrant’s most recently completed second fiscal quarter, was approximately $2,021,360,000,000.
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20211029
10-K
14
Solely for purposes of this disclosure, shares of common stock held by executive officers and directors of the Registrant as of such date have been excluded because such persons may be deemed to be affiliates.
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0000320193
20211029
10-K
15
This determination of executive officers and directors as affiliates is not necessarily a conclusive determination for any other purposes.
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20211029
10-K
16
16,406,397,000 shares of common stock were issued and outstanding as of October 15, 2021.
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20211029
10-K
17
DOCUMENTS INCORPORATED BY REFERENCE Portions of the Registrant’s definitive proxy statement relating to its 2022 annual meeting of shareholders (the “2022 Proxy Statement”) are incorporated by reference into Part III of this Annual Report on Form 10-K where indicated.
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10-K
18
The 2022 Proxy Statement will be filed with the U.S. Securities and Exchange Commission within 120 days after the end of the fiscal year to which this report relates.
0000320193-21-000105/full-submission.txt
0000320193
20211029
10-K
19
Apple Inc. Form 10-K For the Fiscal Year Ended September 25, 2021 This Annual Report on Form 10-K (“Form 10-K”) contains forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, that involve risks and uncertainties.
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0000320193
20211029
10-K
20
Many of the forward-looking statements are located in Part II, Item 7 of this Form 10-K under the heading “Management’s Discussion and Analysis of Financial Condition and Results of Operations.” Forward-looking statements provide current expectations of future events based on certain assumptions and include any stateme...
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0000320193
20211029
10-K
21
For example, statements in this Form 10-K regarding the potential future impact of the COVID-19 pandemic on the Company’s business and results of operations are forward-looking statements.
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10-K
22
Forward-looking statements can also be identified by words such as “future,” “anticipates,” “believes,” “estimates,” “expects,” “intends,” “plans,” “predicts,” “will,” “would,” “could,” “can,” “may,” and similar terms.
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20211029
10-K
23
Forward-looking statements are not guarantees of future performance and the Company’s actual results may differ significantly from the results discussed in the forward-looking statements.
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20211029
10-K
24
Factors that might cause such differences include, but are not limited to, those discussed in Part I, Item 1A of this Form 10-K under the heading “Risk Factors.” The Company assumes no obligation to revise or update any forward-looking statements for any reason, except as required by law.
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10-K
25
Unless otherwise stated, all information presented herein is based on the Company’s fiscal calendar, and references to particular years, quarters, months or periods refer to the Company’s fiscal years ended in September and the associated quarters, months and periods of those fiscal years.
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20211029
10-K
26
Each of the terms the “Company” and “Apple” as used herein refers collectively to Apple Inc. and its wholly owned subsidiaries, unless otherwise stated.
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PART I Item 1. Business Company Background The Company designs, manufactures and markets smartphones, personal computers, tablets, wearables and accessories, and sells a variety of related services.
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The Company’s fiscal year is the 52- or 53-week period that ends on the last Saturday of September.
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Products iPhone iPhone® is the Company’s line of smartphones based on its iOS operating system.
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In October and November 2020, the Company released iPhone 12, iPhone 12 mini, iPhone 12 Pro and iPhone 12 Pro Max, all with 5G technology.
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In September 2021, the Company released iPhone 13, iPhone 13 mini, iPhone 13 Pro and iPhone 13 Pro Max.
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Mac Mac® is the Company’s line of personal computers based on its macOS® operating system.
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In November 2020, the Company released new versions of MacBook Air®, 13-inch MacBook Pro® and Mac mini®, and in May 2021, the Company released a redesigned iMac®, all powered by the Apple M1 chip.
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In October 2021, the Company released a redesigned MacBook Pro, available in 14- and 16-inch models and powered by the Apple M1 Pro or M1 Max chip.
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iPad iPad® is the Company’s line of multipurpose tablets based on its iPadOS® operating system.
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In October 2020, the Company released a new iPad Air®, and in April 2021, the Company released a new iPad Pro® powered by the Apple M1 chip.
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In September 2021, the Company released an updated iPad and a new iPad mini®.
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Wearables, Home and Accessories Wearables, Home and Accessories includes AirPods®, Apple TV®, Apple Watch®, Beats® products, HomePod®, iPod touch® and accessories.
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AirPods are the Company’s wireless headphones that interact with Siri®.
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In December 2020, the Company released AirPods Max™, new over-ear wireless headphones, and in October 2021, the Company released the third generation of AirPods.
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