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value | date stringlengths 8 8 | form stringclasses 4
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0000320193 | 20201030 | 10-K | 207 | There can be no assurance the Company will be able to detect and fix all issues and defects in the hardware, software and services it offers. | 0000320193-20-000096/full-submission.txt |
0000320193 | 20201030 | 10-K | 208 | Failure to do so could result in widespread technical and performance issues affecting the Company’s products and services. | 0000320193-20-000096/full-submission.txt |
0000320193 | 20201030 | 10-K | 209 | In addition, the Company can be exposed to product liability claims, recalls, product replacements or modifications, write-offs of inventory, property, plant and equipment, and/or intangible assets, and significant warranty and other expenses, including litigation costs and regulatory fines. | 0000320193-20-000096/full-submission.txt |
0000320193 | 20201030 | 10-K | 210 | Quality problems can also adversely affect the experience for users of the Company’s products and services, and result in harm to the Company’s reputation, loss of competitive advantage, poor market acceptance, reduced demand for products and services, delay in new product and service introductions and lost sales. | 0000320193-20-000096/full-submission.txt |
0000320193 | 20201030 | 10-K | 211 | The Company relies on access to third-party digital content, which may not be available to the Company on commercially reasonable terms or at all. | 0000320193-20-000096/full-submission.txt |
0000320193 | 20201030 | 10-K | 212 | The Company contracts with numerous third parties to offer their digital content to customers. | 0000320193-20-000096/full-submission.txt |
0000320193 | 20201030 | 10-K | 213 | This includes the right to sell currently available content. | 0000320193-20-000096/full-submission.txt |
0000320193 | 20201030 | 10-K | 214 | The licensing or other distribution arrangements with these third parties are for relatively short terms and do not guarantee the continuation or renewal of these arrangements on commercially reasonable terms, if at all. | 0000320193-20-000096/full-submission.txt |
0000320193 | 20201030 | 10-K | 215 | Some third-party content providers and distributors currently or in the future may offer competing products and services, and can take actions to make it more difficult or impossible for the Company to license or otherwise distribute their content in the future. | 0000320193-20-000096/full-submission.txt |
0000320193 | 20201030 | 10-K | 216 | Other content owners, providers or distributors may seek to limit the Company’s access to, or increase the cost of, such content. | 0000320193-20-000096/full-submission.txt |
0000320193 | 20201030 | 10-K | 217 | The Company may be unable to continue to offer a wide variety of content at commercially reasonable prices with acceptable usage rules, or continue to expand its geographic reach. | 0000320193-20-000096/full-submission.txt |
0000320193 | 20201030 | 10-K | 218 | Failure to obtain the right to make third-party digital content available, or to make such content available on commercially reasonable terms, could have a material adverse impact on the Company’s financial condition and operating results. | 0000320193-20-000096/full-submission.txt |
0000320193 | 20201030 | 10-K | 219 | Some third-party digital content providers require the Company to provide digital rights management and other security solutions. | 0000320193-20-000096/full-submission.txt |
0000320193 | 20201030 | 10-K | 220 | If requirements change, the Company may have to develop or license new technology to provide these solutions. | 0000320193-20-000096/full-submission.txt |
0000320193 | 20201030 | 10-K | 221 | There is no assurance the Company will be able to develop or license such solutions at a reasonable cost and in a timely manner. | 0000320193-20-000096/full-submission.txt |
0000320193 | 20201030 | 10-K | 222 | In addition, certain countries have passed or may propose and adopt legislation that would force the Company to license its digital rights management, which could lessen the protection of content and subject it to piracy and also could negatively affect arrangements with the Company’s content providers. | 0000320193-20-000096/full-submission.txt |
0000320193 | 20201030 | 10-K | 223 | The Company’s future performance depends in part on support from third-party software developers. | 0000320193-20-000096/full-submission.txt |
0000320193 | 20201030 | 10-K | 224 | The Company believes decisions by customers to purchase its hardware products depend in part on the availability of third-party software applications and services. | 0000320193-20-000096/full-submission.txt |
0000320193 | 20201030 | 10-K | 225 | There is no assurance that third-party developers will continue to develop and maintain software applications and services for the Company’s products. | 0000320193-20-000096/full-submission.txt |
0000320193 | 20201030 | 10-K | 226 | If third-party software applications and services cease to be developed and maintained for the Company’s products, customers may choose not to buy the Company’s products. | 0000320193-20-000096/full-submission.txt |
0000320193 | 20201030 | 10-K | 227 | The Company believes the availability of third-party software applications and services for its products depends in part on the developers’ perception and analysis of the relative benefits of developing, maintaining and upgrading such software and services for the Company’s products compared to competitors’ platforms, ... | 0000320193-20-000096/full-submission.txt |
0000320193 | 20201030 | 10-K | 228 | This analysis may be based on factors such as the market position of the Company and its products, the anticipated revenue that may be generated, expected future growth of product sales, and the costs of developing such applications and services. | 0000320193-20-000096/full-submission.txt |
0000320193 | 20201030 | 10-K | 229 | The Company’s minority market share in the global smartphone, personal computer and tablet markets could make developers less inclined to develop or upgrade software for the Company’s products and more inclined to devote their resources to developing and upgrading software for competitors’ products with larger market s... | 0000320193-20-000096/full-submission.txt |
0000320193 | 20201030 | 10-K | 230 | If developers focus their efforts on these competing platforms, the availability and quality of applications for the Company’s devices may suffer. | 0000320193-20-000096/full-submission.txt |
0000320193 | 20201030 | 10-K | 231 | Apple Inc. | 2020 Form 10-K | 9
The Company relies on the continued availability and development of compelling and innovative software applications for its products. | 0000320193-20-000096/full-submission.txt |
0000320193 | 20201030 | 10-K | 232 | The Company’s products and operating systems are subject to rapid technological change, and if third-party developers are unable to or choose not to keep up with this pace of change, third-party applications might not take advantage of these changes to deliver improved customer experiences or might not operate correctl... | 0000320193-20-000096/full-submission.txt |
0000320193 | 20201030 | 10-K | 233 | The Company sells and delivers third-party applications for its products through the App Store. | 0000320193-20-000096/full-submission.txt |
0000320193 | 20201030 | 10-K | 234 | For the vast majority of applications, developers keep all of the revenue they generate on the App Store. | 0000320193-20-000096/full-submission.txt |
0000320193 | 20201030 | 10-K | 235 | The Company only retains a commission from sales of applications through its platforms and in situations where a developer offers purchases for digital features, services, or goods within an application. | 0000320193-20-000096/full-submission.txt |
0000320193 | 20201030 | 10-K | 236 | If developers reduce their use of the Company’s platforms, including in-app purchases, then the volume of sales, and the commission that the Company earns on those sales, would decrease. | 0000320193-20-000096/full-submission.txt |
0000320193 | 20201030 | 10-K | 237 | If the rate of the commission that the Company retains on such sales is reduced, or if it is otherwise narrowed in scope or eliminated, the Company’s financial condition and operating results could be materially adversely affected. | 0000320193-20-000096/full-submission.txt |
0000320193 | 20201030 | 10-K | 238 | The Company relies on access to third-party intellectual property, which may not be available to the Company on commercially reasonable terms or at all. | 0000320193-20-000096/full-submission.txt |
0000320193 | 20201030 | 10-K | 239 | Many of the Company’s products and services are designed to include intellectual property owned by third parties, which requires licenses from those third parties. | 0000320193-20-000096/full-submission.txt |
0000320193 | 20201030 | 10-K | 240 | In addition, because of technological changes in the industries in which the Company currently competes or in the future may compete, current extensive patent coverage and the rapid rate of issuance of new patents, the Company’s products and services may unknowingly infringe existing patents or intellectual property ri... | 0000320193-20-000096/full-submission.txt |
0000320193 | 20201030 | 10-K | 241 | From time to time, the Company has been notified that it may be infringing certain patents or other intellectual property rights of third parties. | 0000320193-20-000096/full-submission.txt |
0000320193 | 20201030 | 10-K | 242 | Based on experience and industry practice, the Company believes licenses to such third-party intellectual property can generally be obtained on commercially reasonable terms. | 0000320193-20-000096/full-submission.txt |
0000320193 | 20201030 | 10-K | 243 | There is, however, no assurance that the necessary licenses can be obtained on commercially reasonable terms or at all. | 0000320193-20-000096/full-submission.txt |
0000320193 | 20201030 | 10-K | 244 | Failure to obtain the right to use third-party intellectual property, or to use such intellectual property on commercially reasonable terms, could preclude the Company from selling certain products or services, or otherwise have a material adverse impact on the Company’s financial condition and operating results. | 0000320193-20-000096/full-submission.txt |
0000320193 | 20201030 | 10-K | 245 | The Company’s financial condition and operating results could be adversely impacted by unfavorable results of legal proceedings or government investigations. | 0000320193-20-000096/full-submission.txt |
0000320193 | 20201030 | 10-K | 246 | The Company is subject to various claims, legal proceedings and government investigations that have arisen in the ordinary course of business and have not yet been fully resolved, and new matters may arise in the future. | 0000320193-20-000096/full-submission.txt |
0000320193 | 20201030 | 10-K | 247 | In addition, agreements entered into by the Company sometimes include indemnification provisions which can subject the Company to costs and damages in the event of a claim against an indemnified third party. | 0000320193-20-000096/full-submission.txt |
0000320193 | 20201030 | 10-K | 248 | The number of claims, legal proceedings and government investigations involving the Company, and the alleged magnitude of such claims, proceedings and government investigations, has generally increased over time and may continue to increase. | 0000320193-20-000096/full-submission.txt |
0000320193 | 20201030 | 10-K | 249 | The Company has faced and continues to face a significant number of patent claims relating to its cellular-enabled products, and new claims may arise in the future. | 0000320193-20-000096/full-submission.txt |
0000320193 | 20201030 | 10-K | 250 | For example, technology and other patent-holding companies frequently assert their patents and seek royalties and often enter into litigation based on allegations of patent infringement or other violations of intellectual property rights. | 0000320193-20-000096/full-submission.txt |
0000320193 | 20201030 | 10-K | 251 | The Company is vigorously defending infringement actions in courts in several U.S. jurisdictions, as well as internationally in various countries. | 0000320193-20-000096/full-submission.txt |
0000320193 | 20201030 | 10-K | 252 | The plaintiffs in these actions frequently seek injunctions and substantial damages. | 0000320193-20-000096/full-submission.txt |
0000320193 | 20201030 | 10-K | 253 | Regardless of the merit of particular claims, defending against litigation or responding to government investigations can be expensive, time-consuming, disruptive to the Company’s operations and distracting to management. | 0000320193-20-000096/full-submission.txt |
0000320193 | 20201030 | 10-K | 254 | In recognition of these considerations, the Company may enter into agreements or other arrangements to settle litigation and resolve such challenges. | 0000320193-20-000096/full-submission.txt |
0000320193 | 20201030 | 10-K | 255 | No assurance can be given that such agreements can be obtained on acceptable terms or that litigation will not occur. | 0000320193-20-000096/full-submission.txt |
0000320193 | 20201030 | 10-K | 256 | These agreements may also significantly increase the Company’s cost of sales and operating expenses. | 0000320193-20-000096/full-submission.txt |
0000320193 | 20201030 | 10-K | 257 | Except as described in Part II, Item 8 of this Form 10-K in the Notes to Consolidated Financial Statements in Note 10, “Commitments and Contingencies” under the heading “Contingencies,” in the opinion of management, there was not at least a reasonable possibility the Company may have incurred a material loss, or a mate... | 0000320193-20-000096/full-submission.txt |
0000320193 | 20201030 | 10-K | 258 | The outcome of litigation or government investigations is inherently uncertain. | 0000320193-20-000096/full-submission.txt |
0000320193 | 20201030 | 10-K | 259 | If one or more legal matters were resolved against the Company or an indemnified third party in a reporting period for amounts above management’s expectations, the Company’s financial condition and operating results for that reporting period could be materially adversely affected. | 0000320193-20-000096/full-submission.txt |
0000320193 | 20201030 | 10-K | 260 | Further, such an outcome could result in significant compensatory, punitive or trebled monetary damages, disgorgement of revenue or profits, remedial corporate measures or injunctive relief against the Company, and could require the Company to change its business practices or limit the Company’s ability to offer certai... | 0000320193-20-000096/full-submission.txt |
0000320193 | 20201030 | 10-K | 261 | While the Company maintains insurance coverage for certain types of claims, such insurance coverage may be insufficient to cover all losses or all types of claims that may arise. | 0000320193-20-000096/full-submission.txt |
0000320193 | 20201030 | 10-K | 262 | Apple Inc. | 2020 Form 10-K | 10
The Company is subject to complex and changing laws and regulations worldwide, which exposes the Company to potential liabilities, increased costs and other adverse effects on the Company’s business. | 0000320193-20-000096/full-submission.txt |
0000320193 | 20201030 | 10-K | 263 | The Company’s global operations are subject to complex and changing laws and regulations on subjects including, but not limited to: antitrust; privacy, data security and data localization; consumer protection; advertising, sales, billing and e-commerce; product liability; intellectual property ownership and infringemen... | 0000320193-20-000096/full-submission.txt |
0000320193 | 20201030 | 10-K | 264 | Compliance with these laws and regulations may be onerous and expensive, increasing the cost of conducting the Company’s global operations. | 0000320193-20-000096/full-submission.txt |
0000320193 | 20201030 | 10-K | 265 | Changes to laws and regulations can adversely affect the Company’s business by increasing the Company’s costs, limiting the Company’s ability to offer a product or service to customers, requiring changes to the Company’s supply chain and business practices or otherwise making the Company’s products and services less at... | 0000320193-20-000096/full-submission.txt |
0000320193 | 20201030 | 10-K | 266 | 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. | 0000320193-20-000096/full-submission.txt |
0000320193 | 20201030 | 10-K | 267 | If the Company is found to have violated laws and regulations, it could materially adversely affect the Company’s reputation, financial condition and operating results. | 0000320193-20-000096/full-submission.txt |
0000320193 | 20201030 | 10-K | 268 | The technology industry, including, in some instances, the Company, is subject to intense media, political and regulatory scrutiny, which exposes the Company to government investigations, legal actions and penalties. | 0000320193-20-000096/full-submission.txt |
0000320193 | 20201030 | 10-K | 269 | For example, the Company is subject to antitrust investigations in various jurisdictions around the world, which can result in legal proceedings and claims against the Company that could, individually or in the aggregate, have a materially adverse impact on the Company’s financial condition and operating results. | 0000320193-20-000096/full-submission.txt |
0000320193 | 20201030 | 10-K | 270 | In addition, if enacted, legislative and other proposals to further regulate technology companies could result in changes to the Company’s business, including requiring the Company to modify its product and service offerings, limiting the Company’s ability to invest in strategic acquisitions, or affecting the Company’s... | 0000320193-20-000096/full-submission.txt |
0000320193 | 20201030 | 10-K | 271 | Further, the Company’s business partners are or may become subject to litigation that, if resolved against them, could affect the Company’s relationships with these business partners and have a materially adverse impact on the Company’s financial condition and operating results. | 0000320193-20-000096/full-submission.txt |
0000320193 | 20201030 | 10-K | 272 | There can be no assurance that the Company’s business will not be materially adversely affected, individually or in the aggregate, by the outcomes of such investigations, litigation or changes to laws and regulations in the future. | 0000320193-20-000096/full-submission.txt |
0000320193 | 20201030 | 10-K | 273 | 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. | 0000320193-20-000096/full-submission.txt |
0000320193 | 20201030 | 10-K | 274 | The Company’s retail stores have required substantial investment in equipment and leasehold improvements, information systems, inventory and personnel. | 0000320193-20-000096/full-submission.txt |
0000320193 | 20201030 | 10-K | 275 | The Company also has entered into substantial lease commitments for retail space. | 0000320193-20-000096/full-submission.txt |
0000320193 | 20201030 | 10-K | 276 | Certain stores have been designed and built to serve as high-profile venues to promote brand awareness. | 0000320193-20-000096/full-submission.txt |
0000320193 | 20201030 | 10-K | 277 | Because of their unique design elements, locations and size, these stores require substantially more investment than the Company’s more typical retail stores. | 0000320193-20-000096/full-submission.txt |
0000320193 | 20201030 | 10-K | 278 | Due to the high cost structure associated with the Company’s retail stores, a decline in sales or the closure or poor performance of an individual store or multiple stores, including as a result of protective public safety measures in response to the COVID-19 pandemic, could result in significant lease termination cost... | 0000320193-20-000096/full-submission.txt |
0000320193 | 20201030 | 10-K | 279 | The Company’s retail operations are subject to many factors that pose risks and uncertainties and could adversely impact the Company’s financial condition and operating results, including macro-economic factors that could have an adverse effect on general retail activity. | 0000320193-20-000096/full-submission.txt |
0000320193 | 20201030 | 10-K | 280 | Other factors include, but are not limited to, the Company’s ability to: manage costs associated with retail store construction and operation; manage relationships with existing retail partners; manage costs associated with fluctuations in the value of retail inventory; and obtain and renew leases in quality retail loc... | 0000320193-20-000096/full-submission.txt |
0000320193 | 20201030 | 10-K | 281 | Investment in new business strategies and acquisitions could disrupt the Company’s ongoing business, present risks not originally contemplated and adversely affect the Company’s reputation, financial condition and operating results. | 0000320193-20-000096/full-submission.txt |
0000320193 | 20201030 | 10-K | 282 | The Company has invested, and in the future may invest, in new business strategies or acquisitions. | 0000320193-20-000096/full-submission.txt |
0000320193 | 20201030 | 10-K | 283 | Such endeavors may involve significant risks and uncertainties, including distraction of management from current operations, greater-than-expected liabilities and expenses, economic, political, legal and regulatory challenges associated with operating in new businesses, regions or countries, inadequate return on capita... | 0000320193-20-000096/full-submission.txt |
0000320193 | 20201030 | 10-K | 284 | These new ventures are inherently risky and may not be successful. | 0000320193-20-000096/full-submission.txt |
0000320193 | 20201030 | 10-K | 285 | The failure of any significant investment could adversely affect the Company’s reputation, financial condition and operating results. | 0000320193-20-000096/full-submission.txt |
0000320193 | 20201030 | 10-K | 286 | Apple Inc. | 2020 Form 10-K | 11
The Company’s business and reputation may be impacted by information technology system failures or network disruptions. | 0000320193-20-000096/full-submission.txt |
0000320193 | 20201030 | 10-K | 287 | The Company is exposed to information technology system failures or network disruptions 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. | 0000320193-20-000096/full-submission.txt |
0000320193 | 20201030 | 10-K | 288 | System redundancy and other continuity measures may be ineffective or inadequate, and the Company’s business continuity and disaster recovery planning may not be sufficient for all eventualities. | 0000320193-20-000096/full-submission.txt |
0000320193 | 20201030 | 10-K | 289 | Such failures or disruptions can adversely impact the Company’s business by, among other things, preventing access to the Company’s online services, interfering with customer transactions or impeding the manufacturing and shipping of the Company’s products. | 0000320193-20-000096/full-submission.txt |
0000320193 | 20201030 | 10-K | 290 | These events could materially adversely affect the Company’s reputation, financial condition and operating results. | 0000320193-20-000096/full-submission.txt |
0000320193 | 20201030 | 10-K | 291 | There may be losses or unauthorized access to or releases of confidential information, including personally identifiable information, that could subject the Company to significant reputational, financial, legal and operational consequences. | 0000320193-20-000096/full-submission.txt |
0000320193 | 20201030 | 10-K | 292 | The Company’s business requires it to use and store confidential information including, among other things, personally identifiable information (“PII”) with respect to the Company’s customers and employees. | 0000320193-20-000096/full-submission.txt |
0000320193 | 20201030 | 10-K | 293 | The Company devotes significant resources to network and data security, including through the use of encryption and other security measures intended to protect its systems and data. | 0000320193-20-000096/full-submission.txt |
0000320193 | 20201030 | 10-K | 294 | But these measures cannot provide absolute security, and losses or unauthorized access to or releases of confidential information occur and could materially adversely affect the Company’s reputation, financial condition and operating results. | 0000320193-20-000096/full-submission.txt |
0000320193 | 20201030 | 10-K | 295 | The Company’s business also requires it to share confidential information with suppliers and other third parties. | 0000320193-20-000096/full-submission.txt |
0000320193 | 20201030 | 10-K | 296 | Although the Company takes steps to secure confidential information that is provided to third parties, such measures are not always effective and losses or unauthorized access to or releases of confidential information occur and could materially adversely affect the Company’s reputation, financial condition and operati... | 0000320193-20-000096/full-submission.txt |
0000320193 | 20201030 | 10-K | 297 | For example, the Company may experience a security breach impacting the Company’s information technology systems that compromises the confidentiality, integrity or availability of confidential information. | 0000320193-20-000096/full-submission.txt |
0000320193 | 20201030 | 10-K | 298 | Such an incident could, among other things, impair the Company’s ability to attract and retain customers for its products and services, impact the Company’s stock price, materially damage supplier relationships, and expose the Company to litigation or government investigations, which could result in penalties, fines or... | 0000320193-20-000096/full-submission.txt |
0000320193 | 20201030 | 10-K | 299 | Although malicious attacks perpetrated to gain access to confidential information, including 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 value of the confidential information it creates, owns, manages, stores and... | 0000320193-20-000096/full-submission.txt |
0000320193 | 20201030 | 10-K | 300 | The Company has implemented systems and processes intended to secure its information technology systems and prevent unauthorized access to or loss of sensitive data, including through the use of encryption and authentication technologies. | 0000320193-20-000096/full-submission.txt |
0000320193 | 20201030 | 10-K | 301 | As with all companies, these security measures may not be sufficient for all eventualities and may be vulnerable to hacking, employee error, malfeasance, system error, faulty password management or other irregularities. | 0000320193-20-000096/full-submission.txt |
0000320193 | 20201030 | 10-K | 302 | For example, third parties 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. | 0000320193-20-000096/full-submission.txt |
0000320193 | 20201030 | 10-K | 303 | To help protect customers and the Company, the Company monitors its services and systems for unusual activity and may freeze accounts under suspicious circumstances, which, among other things, may result in the delay or loss of customer orders or impede customer access to the Company’s products and services. | 0000320193-20-000096/full-submission.txt |
0000320193 | 20201030 | 10-K | 304 | In addition to the risks relating to general confidential information described above, the Company is also subject to specific obligations relating to health data and payment card data. | 0000320193-20-000096/full-submission.txt |
0000320193 | 20201030 | 10-K | 305 | Health data is subject to additional privacy, security and breach notification requirements, and the Company can be subject to audit by governmental authorities regarding the Company’s compliance with these obligations. | 0000320193-20-000096/full-submission.txt |
0000320193 | 20201030 | 10-K | 306 | If the Company fails to adequately comply with these rules and requirements, or if health data is handled in a manner not permitted by law or under the Company’s agreements with healthcare institutions, the Company could be subject to litigation or government investigations, may be liable for associated investigatory e... | 0000320193-20-000096/full-submission.txt |
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