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 |
|---|---|---|---|---|---|
0000320193 | 20041203 | 10-K | 1,011 | Although the Company believes its inventory and related provisions are adequate, given the rapid and unpredictable pace of product obsolescence in the computer and consumer electronics industries, no assurance can be given that the Company will not incur additional inventory and related charges. | 0001047469-04-035975/full-submission.txt |
0000320193 | 20041203 | 10-K | 1,012 | In addition, such charges have had, and may have, a material effect on the Company's financial position and results of operations. | 0001047469-04-035975/full-submission.txt |
0000320193 | 20041203 | 10-K | 1,013 | The Company must order components for its products and build inventory in advance of product shipments. | 0001047469-04-035975/full-submission.txt |
0000320193 | 20041203 | 10-K | 1,014 | Because the Company's markets are volatile and subject to rapid technology and price changes, there is a risk the Company will forecast incorrectly and produce or order from third parties excess or insufficient inventories of particular products. | 0001047469-04-035975/full-submission.txt |
0000320193 | 20041203 | 10-K | 1,015 | Consistent with industry practice, components are normally acquired through a combination of formal purchase orders, supplier contracts, and open orders based on projected demand information. | 0001047469-04-035975/full-submission.txt |
0000320193 | 20041203 | 10-K | 1,016 | Such purchase commitments typically cover the Company's forecasted component and manufacturing requirements for periods ranging from 30 to 130 days. | 0001047469-04-035975/full-submission.txt |
0000320193 | 20041203 | 10-K | 1,017 | The Company's operating results and financial condition 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. | 0001047469-04-035975/full-submission.txt |
0000320193 | 20041203 | 10-K | 1,018 | Future operating results are dependent upon the Company's ability to obtain a sufficient supply of components, including microprocessors, some of which are in short supply or available only from limited sources. | 0001047469-04-035975/full-submission.txt |
0000320193 | 20041203 | 10-K | 1,019 | Although most components essential to the Company's business are generally available from multiple sources, certain key components including microprocessors and ASICs are currently obtained by the Company from single or limited sources. | 0001047469-04-035975/full-submission.txt |
0000320193 | 20041203 | 10-K | 1,020 | Some key components (including without limitation DRAM, and TFT-LCD flat-panel displays), while currently available to the Company from multiple sources, are at times subject to industry-wide availability and pricing pressures. | 0001047469-04-035975/full-submission.txt |
0000320193 | 20041203 | 10-K | 1,021 | In addition, new products introduced by the Company often initially utilize custom components obtained from only one source until the Company has evaluated whether there is a need for, and subsequently qualifies, additional suppliers. | 0001047469-04-035975/full-submission.txt |
0000320193 | 20041203 | 10-K | 1,022 | In situations where a component or product utilizes new technologies, initial capacity constraints may exist until such time as the suppliers' yields have matured. | 0001047469-04-035975/full-submission.txt |
0000320193 | 20041203 | 10-K | 1,023 | The Company and other producers in the personal computer industry also compete for various components with other industries that have experienced increased demand for their products. | 0001047469-04-035975/full-submission.txt |
0000320193 | 20041203 | 10-K | 1,024 | The Company uses some components that are not common to the rest of the personal computer industry including certain microprocessors and ASICs. | 0001047469-04-035975/full-submission.txt |
0000320193 | 20041203 | 10-K | 1,025 | Continued availability of these components may be affected if producers were to decide to concentrate on the production of components other than those customized to meet the Company's requirements. | 0001047469-04-035975/full-submission.txt |
0000320193 | 20041203 | 10-K | 1,026 | If the supply of a key component were to be delayed or constrained on a new or existing product, the Company's results of operations and financial condition could be adversely affected. | 0001047469-04-035975/full-submission.txt |
0000320193 | 20041203 | 10-K | 1,027 | The Company's ability to produce and market competitive products is also dependent on the ability and desire of IBM and Freescale Semiconductor, Inc. (formerly the Semiconductor Products Segment of Motorola, Inc.), the sole suppliers of the PowerPC RISC-based microprocessor for the Company's Macintosh computers, to pro... | 0001047469-04-035975/full-submission.txt |
0000320193 | 20041203 | 10-K | 1,028 | Further, despite its efforts to educate the marketplace to the contrary, the Company believes that many of its current and potential customers believe that the relatively slower MHz
rating or clock speed of the microprocessors it utilizes in its Macintosh systems compares unfavorably to those utilized by other operatin... | 0001047469-04-035975/full-submission.txt |
0000320193 | 20041203 | 10-K | 1,029 | There have been instances in recent years where the inability of the Company's suppliers to provide advanced PowerPC microprocessors in sufficient quantity has had significant adverse effects on the Company's results of operations. | 0001047469-04-035975/full-submission.txt |
0000320193 | 20041203 | 10-K | 1,030 | In addition, IBM is currently the Company's sole supplier of the PowerPC G5 processor, which is used in the Company's current Power Mac, Xserve, and iMac products. | 0001047469-04-035975/full-submission.txt |
0000320193 | 20041203 | 10-K | 1,031 | Freescale Semiconductor, Inc. is the sole supplier of the G4 processor, which is used in the Company's eMac and portable products. | 0001047469-04-035975/full-submission.txt |
0000320193 | 20041203 | 10-K | 1,032 | IBM has recently experienced manufacturing problems with the PowerPC G5 processor, which resulted in the Company delaying the shipment of various products and constrained certain product shipments during the second half of 2004. | 0001047469-04-035975/full-submission.txt |
0000320193 | 20041203 | 10-K | 1,033 | The inability of IBM to remedy these problems in a timely manner, avoid manufacturing problems in the future, and to deliver to the Company microprocessors in sufficient quantities with competitive price/performance features could further constrain shipments of products containing the G5 processor and could adversely a... | 0001047469-04-035975/full-submission.txt |
0000320193 | 20041203 | 10-K | 1,034 | The Company is dependent on manufacturing and logistics services provided by third parties, many of whom are located outside of the U.S. | 0001047469-04-035975/full-submission.txt |
0000320193 | 20041203 | 10-K | 1,035 | Most of the Company's products are manufactured in whole or in part by third-party manufacturers. | 0001047469-04-035975/full-submission.txt |
0000320193 | 20041203 | 10-K | 1,036 | In addition, the Company has outsourced much of its transportation and logistics management. | 0001047469-04-035975/full-submission.txt |
0000320193 | 20041203 | 10-K | 1,037 | While outsourcing arrangements may lower the cost of operations, they also reduce the Company's direct control over production and distribution. | 0001047469-04-035975/full-submission.txt |
0000320193 | 20041203 | 10-K | 1,038 | It is uncertain what effect such diminished control will have on the quality or quantity of the products manufactured or services rendered, or the flexibility of the Company to respond to changing market conditions. | 0001047469-04-035975/full-submission.txt |
0000320193 | 20041203 | 10-K | 1,039 | Moreover, although arrangements with such manufacturers may contain provisions for warranty expense reimbursement, the Company may remain at least initially responsible to the ultimate consumer for warranty service in the event of product defects. | 0001047469-04-035975/full-submission.txt |
0000320193 | 20041203 | 10-K | 1,040 | Any unanticipated product defect or warranty liability, whether pursuant to arrangements with contract manufacturers or otherwise, could adversely affect the Company's future operating results and financial condition. | 0001047469-04-035975/full-submission.txt |
0000320193 | 20041203 | 10-K | 1,041 | Final assembly of products sold by the Company is currently conducted in the Company's manufacturing facility in Cork, Ireland, and by external vendors in Fremont, California, Fullerton, California, Taiwan, Korea, the Netherlands, the People's Republic of China, and the Czech Republic. | 0001047469-04-035975/full-submission.txt |
0000320193 | 20041203 | 10-K | 1,042 | Currently, manufacture of many of the components used in the Company's products and final assembly of substantially all of the Company's portable products including PowerBooks, iBooks, and the iPod is performed by third-party vendors in Taiwan and China. | 0001047469-04-035975/full-submission.txt |
0000320193 | 20041203 | 10-K | 1,043 | If for any reason manufacturing or logistics in any of these locations is disrupted by events such as regional economic, business, environmental, medical, political, information technology system failures, or military actions, the Company's results of operations and financial condition could be adversely affected. | 0001047469-04-035975/full-submission.txt |
0000320193 | 20041203 | 10-K | 1,044 | The Company's future operating performance is dependent on the performance of distributors and other resellers of the Company's products. | 0001047469-04-035975/full-submission.txt |
0000320193 | 20041203 | 10-K | 1,045 | The Company distributes its products through wholesalers, resellers, national and regional retailers and cataloguers, many of whom distribute products from competing manufacturers. | 0001047469-04-035975/full-submission.txt |
0000320193 | 20041203 | 10-K | 1,046 | In addition, the Company also sells many of its products and resells certain third-party products in most of its major markets directly to end users, certain education customers, and certain resellers through its online stores around the world and its retail stores. | 0001047469-04-035975/full-submission.txt |
0000320193 | 20041203 | 10-K | 1,047 | Many of the Company's significant resellers operate on narrow product margins and have been negatively affected by recent economic conditions. | 0001047469-04-035975/full-submission.txt |
0000320193 | 20041203 | 10-K | 1,048 | Considerable trade receivables that are not covered by collateral or credit insurance are outstanding with the Company's distribution and retail channel partners. | 0001047469-04-035975/full-submission.txt |
0000320193 | 20041203 | 10-K | 1,049 | The Company's business and financial results could be adversely affected if the financial condition of these resellers weaken, if resellers within consumer channels were to cease distribution of the Company's products, or if uncertainty regarding demand for the Company's products caused resellers to
reduce their orderi... | 0001047469-04-035975/full-submission.txt |
0000320193 | 20041203 | 10-K | 1,050 | The Company has invested and will continue to invest in various programs to enhance reseller sales, including staffing selected resellers' stores with Company employees. | 0001047469-04-035975/full-submission.txt |
0000320193 | 20041203 | 10-K | 1,051 | These programs could require a substantial investment from the Company, while providing no assurance of return or incremental revenue to offset this investment. | 0001047469-04-035975/full-submission.txt |
0000320193 | 20041203 | 10-K | 1,052 | Over the past several years, an increasing proportion of the Company's net sales have been made by the Company directly to end-users through its online stores around the world and through its retail stores in the U.S. and Japan. | 0001047469-04-035975/full-submission.txt |
0000320193 | 20041203 | 10-K | 1,053 | Some of the Company's resellers have perceived this expansion of the Company's direct sales as conflicting with their own business and economic interests as distributors and resellers of the Company's products. | 0001047469-04-035975/full-submission.txt |
0000320193 | 20041203 | 10-K | 1,054 | Perception of such a conflict could discourage the Company's resellers from investing additional resources in the distribution and sale of the Company's products or lead them to limit or cease distribution of the Company's products. | 0001047469-04-035975/full-submission.txt |
0000320193 | 20041203 | 10-K | 1,055 | The Company's business and financial results could be adversely affected if expansion of its direct sales to end-users causes some or all of its resellers to cease or limit distribution of the Company's products. | 0001047469-04-035975/full-submission.txt |
0000320193 | 20041203 | 10-K | 1,056 | Further information regarding risks associated with Marketing and Distribution may be found in Part I, Item 1 of this Form 10-K under the heading "Markets and Distribution." | 0001047469-04-035975/full-submission.txt |
0000320193 | 20041203 | 10-K | 1,057 | The Company relies on third-party music content, which may not be available to the Company on commercially reasonable terms or at all. | 0001047469-04-035975/full-submission.txt |
0000320193 | 20041203 | 10-K | 1,058 | The Company contracts with third parties to offer their music content to customers through the Company's iTunes Music Store. | 0001047469-04-035975/full-submission.txt |
0000320193 | 20041203 | 10-K | 1,059 | The Company pays substantial fees to obtain the rights to offer to its customers this third-party music. | 0001047469-04-035975/full-submission.txt |
0000320193 | 20041203 | 10-K | 1,060 | Many of the Company's licensing arrangements with these third-party content providers are short-term in nature and do not guarantee the future renewal of these arrangements at commercially reasonable terms, if at all. | 0001047469-04-035975/full-submission.txt |
0000320193 | 20041203 | 10-K | 1,061 | Certain parties in the music industry have announced their intent to consolidate their music distribution operations, which could limit the availability and increase the fees required to offer music content to customers through the iTunes Music Store. | 0001047469-04-035975/full-submission.txt |
0000320193 | 20041203 | 10-K | 1,062 | Further, some third-party content providers currently, or may in the future, offer music products and services that compete with the Company's music products and services, and could take action to make it more difficult or impossible for the Company to license their music content in the future. | 0001047469-04-035975/full-submission.txt |
0000320193 | 20041203 | 10-K | 1,063 | If the Company is unable to continue to offer a wide variety of music content at reasonable prices with acceptable usage rules, or continue to expand its geographic reach outside the U.S., then sales and gross margins of the Company's iTunes Music Store as well as related hardware and peripherals, including iPods, may ... | 0001047469-04-035975/full-submission.txt |
0000320193 | 20041203 | 10-K | 1,064 | Third-party content providers and artists require that the Company provide certain digital rights management solutions and other security mechanisms. | 0001047469-04-035975/full-submission.txt |
0000320193 | 20041203 | 10-K | 1,065 | If the requirements from content providers or artists change, then the Company may be required to further develop or license technology to address such new rights and requirements. | 0001047469-04-035975/full-submission.txt |
0000320193 | 20041203 | 10-K | 1,066 | There is no assurance that the Company will be able to develop or license such solutions at a reasonable cost and in a timely manner, if at all, which could have a materially adverse effect on the Company's operating results and financial position. | 0001047469-04-035975/full-submission.txt |
0000320193 | 20041203 | 10-K | 1,067 | The Company's future performance is dependent upon support from third-party software developers. | 0001047469-04-035975/full-submission.txt |
0000320193 | 20041203 | 10-K | 1,068 | If third-party software applications cease to be developed or available for the Company's hardware products, then customers may choose not to buy the Company's products. | 0001047469-04-035975/full-submission.txt |
0000320193 | 20041203 | 10-K | 1,069 | The Company believes that decisions by customers to purchase the Company's personal computers, as opposed to Windows-based systems, are often based on the availability of third-party software for particular applications such as Microsoft Office. | 0001047469-04-035975/full-submission.txt |
0000320193 | 20041203 | 10-K | 1,070 | The Company also believes the availability of third-party application software for the Company's hardware products depends in part on third-party developers' perception and analysis of the relative benefits of developing, maintaining, and upgrading such software for the Company's products versus software for the larger... | 0001047469-04-035975/full-submission.txt |
0000320193 | 20041203 | 10-K | 1,071 | This analysis is based on factors such as the perceived strength of the Company and its products, the anticipated potential revenue that may be generated, continued acceptance by customers of Mac OS X, and the costs of developing such
software products. | 0001047469-04-035975/full-submission.txt |
0000320193 | 20041203 | 10-K | 1,072 | To the extent the Company's financial losses in prior years and the minority market share held by the Company in the personal computer market, as well as the Company's decision to end its Mac OS licensing program, have caused software developers to question the Company's prospects in the personal computer market, devel... | 0001047469-04-035975/full-submission.txt |
0000320193 | 20041203 | 10-K | 1,073 | Moreover, there can be no assurance software developers will continue to develop software for Mac OS X, the Company's operating system, on a timely basis or at all. | 0001047469-04-035975/full-submission.txt |
0000320193 | 20041203 | 10-K | 1,074 | In addition, past and future development by the Company of its own software applications and solutions may negatively impact the decision of software developers to develop, maintain, and upgrade similar or competitive software for the Company's products. | 0001047469-04-035975/full-submission.txt |
0000320193 | 20041203 | 10-K | 1,075 | The Company currently markets and sells a variety of software applications for use by professionals, consumers, and education customers that could influence the decisions of third-party software developers to develop or upgrade Macintosh-compatible software products. | 0001047469-04-035975/full-submission.txt |
0000320193 | 20041203 | 10-K | 1,076 | Software applications currently marketed by the Company include software for professional film and video editing, professional compositing and visual effects for large format film and video productions, professional music production and music post production, professional and consumer DVD encoding and authoring, consum... | 0001047469-04-035975/full-submission.txt |
0000320193 | 20041203 | 10-K | 1,077 | The Company also markets an integrated productivity application that incorporates word processing, page layout, image manipulation, spreadsheets, databases, and presentations in a single application. | 0001047469-04-035975/full-submission.txt |
0000320193 | 20041203 | 10-K | 1,078 | In August 1997, the Company and Microsoft Corporation entered into patent cross license and technology agreements. | 0001047469-04-035975/full-submission.txt |
0000320193 | 20041203 | 10-K | 1,079 | In addition, for a period of five years through August 2002, and subject to certain limitations related to the number of Macintosh computers sold by the Company, Microsoft was required to make versions of its Microsoft Office and Internet Explorer products for the Mac OS. | 0001047469-04-035975/full-submission.txt |
0000320193 | 20041203 | 10-K | 1,080 | Although Microsoft has released Microsoft Office and Internet Explorer for Mac OS X, Microsoft has not been obligated to produce future versions of its products subsequent to August 2002. | 0001047469-04-035975/full-submission.txt |
0000320193 | 20041203 | 10-K | 1,081 | While the Company believes its relationship with Microsoft has been and will continue to be beneficial to the Company and to its efforts to increase the installed base for the Mac OS, the Company does compete directly with Microsoft in a number of key areas. | 0001047469-04-035975/full-submission.txt |
0000320193 | 20041203 | 10-K | 1,082 | Accordingly, Microsoft's interest in producing application software for the Mac OS following expiration of the agreements may be influenced by Microsoft's perception of its interests as the vendor of the Windows operating system and competing digital media applications, including music distribution service and technolo... | 0001047469-04-035975/full-submission.txt |
0000320193 | 20041203 | 10-K | 1,083 | In June of 2003, Microsoft stated that it would no longer develop new versions of Internet Explorer for the Mac OS, subsequent to the Company's introduction during 2003 of its own web browser, Safari. | 0001047469-04-035975/full-submission.txt |
0000320193 | 20041203 | 10-K | 1,084 | Further discontinuance of products for the Macintosh platform, including Microsoft Office and other Microsoft products could have an adverse effect on the Company's net sales and results of operations. | 0001047469-04-035975/full-submission.txt |
0000320193 | 20041203 | 10-K | 1,085 | The Company's business relies on access to patents and intellectual property obtained from third parties, and the Company's future results could be adversely affected if it is alleged or found to have infringed on the intellectual property rights of others. | 0001047469-04-035975/full-submission.txt |
0000320193 | 20041203 | 10-K | 1,086 | Many of the Company's products are designed to include intellectual property obtained from third-parties. | 0001047469-04-035975/full-submission.txt |
0000320193 | 20041203 | 10-K | 1,087 | 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 that based upon past experience and industry practice, such licenses generally could be obtained on commercially reasonable terms. | 0001047469-04-035975/full-submission.txt |
0000320193 | 20041203 | 10-K | 1,088 | However, there can be no assurance that the necessary licenses would be available or available on acceptable terms. | 0001047469-04-035975/full-submission.txt |
0000320193 | 20041203 | 10-K | 1,089 | Because of technological changes in the computer and consumer electronics industries, 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 of others. | 0001047469-04-035975/full-submission.txt |
0000320193 | 20041203 | 10-K | 1,090 | The Company has from time to time been notified that it may be infringing certain patents or other intellectual
property rights of others. | 0001047469-04-035975/full-submission.txt |
0000320193 | 20041203 | 10-K | 1,091 | Responding to such claims, regardless of their merit, can be time consuming, result in significant expenses, and cause the diversion of management and technical personnel. | 0001047469-04-035975/full-submission.txt |
0000320193 | 20041203 | 10-K | 1,092 | Several pending claims are in various stages of evaluation. | 0001047469-04-035975/full-submission.txt |
0000320193 | 20041203 | 10-K | 1,093 | The Company may consider the desirability of entering into licensing agreements in certain of these cases. | 0001047469-04-035975/full-submission.txt |
0000320193 | 20041203 | 10-K | 1,094 | However, no assurance can be given that such licenses can be obtained on acceptable terms or that litigation will not occur. | 0001047469-04-035975/full-submission.txt |
0000320193 | 20041203 | 10-K | 1,095 | In the event there is a temporary or permanent injunction entered prohibiting the Company from marketing or selling certain of its products or a successful claim of infringement against the Company requiring it to pay royalties to a third-party, the Company's future operating results and financial condition could be ad... | 0001047469-04-035975/full-submission.txt |
0000320193 | 20041203 | 10-K | 1,096 | Information regarding certain claims and litigation involving the Company related to alleged patent infringement and other matters is set forth in Part I, Item 3 of this Form 10-K. | 0001047469-04-035975/full-submission.txt |
0000320193 | 20041203 | 10-K | 1,097 | In the opinion of management, the Company does not have a potential liability for damages or royalties from any current legal proceedings or claims related to the infringement of patent or other intellectual property rights of others that would individually or in the aggregate have a material adverse effect on its resu... | 0001047469-04-035975/full-submission.txt |
0000320193 | 20041203 | 10-K | 1,098 | However, the results of such legal proceedings cannot be predicted with certainty. | 0001047469-04-035975/full-submission.txt |
0000320193 | 20041203 | 10-K | 1,099 | Should the Company fail to prevail in any of the matters related to infringement of patent or other intellectual property rights of others described in Part I, Item 3 of this Form 10-K or should several of these matters be resolved against the Company in the same reporting period, the operating results of a particular ... | 0001047469-04-035975/full-submission.txt |
0000320193 | 20041203 | 10-K | 1,100 | The Company's retail initiative has required and will continue to require a substantial investment and commitment of resources and is subject to numerous risks and uncertainties. | 0001047469-04-035975/full-submission.txt |
0000320193 | 20041203 | 10-K | 1,101 | Through September 2004, the Company has opened 86 retail stores. | 0001047469-04-035975/full-submission.txt |
0000320193 | 20041203 | 10-K | 1,102 | The Company's retail initiative has required substantial investment in equipment and leasehold improvements, information systems, inventory, and personnel. | 0001047469-04-035975/full-submission.txt |
0000320193 | 20041203 | 10-K | 1,103 | The Company has also entered into substantial operating lease commitments for retail space with lease terms ranging from 5 to 16 years, the majority of which are for 10 years. | 0001047469-04-035975/full-submission.txt |
0000320193 | 20041203 | 10-K | 1,104 | The Company could incur substantial costs should it choose to terminate this initiative or close individual stores. | 0001047469-04-035975/full-submission.txt |
0000320193 | 20041203 | 10-K | 1,105 | Such costs could adversely affect the Company's results of operations and financial condition. | 0001047469-04-035975/full-submission.txt |
0000320193 | 20041203 | 10-K | 1,106 | Additionally, a relatively high proportion of the Retail segment's costs are fixed because of depreciation on store construction costs and lease expense. | 0001047469-04-035975/full-submission.txt |
0000320193 | 20041203 | 10-K | 1,107 | As a result, significant losses would result should the Retail segment experience a decline in sales for any reason. | 0001047469-04-035975/full-submission.txt |
0000320193 | 20041203 | 10-K | 1,108 | Certain of the Company's stores have been designed and built to serve as high profile venues that function as vehicles for general corporate marketing, corporate events, and brand awareness. | 0001047469-04-035975/full-submission.txt |
0000320193 | 20041203 | 10-K | 1,109 | Because of their unique design elements, locations and size, these stores require substantially more investment in equipment and leasehold improvements than the Company's more typical retail stores. | 0001047469-04-035975/full-submission.txt |
0000320193 | 20041203 | 10-K | 1,110 | The Company has opened seven such stores through November 2004. | 0001047469-04-035975/full-submission.txt |
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