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value | date stringlengths 8 8 | form stringclasses 4
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0000320193 | 20001214 | 10-K | 88 | The Company is also a supplier to institutions of higher education outside of the United States. | 0000912057-00-053623/full-submission.txt |
0000320193 | 20001214 | 10-K | 89 | The Company distributes its products through wholesalers, resellers, national and regional retailers and cataloguers. | 0000912057-00-053623/full-submission.txt |
0000320193 | 20001214 | 10-K | 90 | During 2000, a single distributor, Ingram Micro Inc., accounted for approximately 11.5% of net sales. | 0000912057-00-053623/full-submission.txt |
0000320193 | 20001214 | 10-K | 91 | No other customer accounted for more than 10% of net sales during 2000, and no individual customer accounted for more than 10% of net sales in 1999 or 1998. | 0000912057-00-053623/full-submission.txt |
0000320193 | 20001214 | 10-K | 92 | The Company also sells many of its products and resells certain third-party products in most of its major markets to consumers, certain education customers, and certain resellers either directly or through one of its on-line stores around the world. | 0000912057-00-053623/full-submission.txt |
0000320193 | 20001214 | 10-K | 93 | During 2000, net sales attributable to the Company's on-line stores totaled approximately $1.7 billion. | 0000912057-00-053623/full-submission.txt |
0000320193 | 20001214 | 10-K | 94 | COMPETITION
The market for the design, manufacture, and sale of personal computers and related software and peripheral products is highly competitive. | 0000912057-00-053623/full-submission.txt |
0000320193 | 20001214 | 10-K | 95 | It continues to be characterized by rapid technological advances in both hardware and software development, which have substantially increased the capabilities and applications of these products, and has resulted in the frequent introduction of new products and significant price, feature, and performance competition. | 0000912057-00-053623/full-submission.txt |
0000320193 | 20001214 | 10-K | 96 | Further, as the personal computer industry and its customers place more reliance on the Internet, an increasing number of Internet devices that are smaller, simpler, and less expensive than traditional personal computers may compete for market share with the
Company's existing products. | 0000912057-00-053623/full-submission.txt |
0000320193 | 20001214 | 10-K | 97 | The principal competitive factors in this market are relative price/performance, product quality and reliability, design innovation, availability of software, product features, marketing and distribution capability, service and support, availability of hardware peripherals, and corporate reputation. | 0000912057-00-053623/full-submission.txt |
0000320193 | 20001214 | 10-K | 98 | The Company is currently taking and will continue to take steps to respond to the competitive pressures being placed on its personal computer sales as a result of innovations in the Windows platform. | 0000912057-00-053623/full-submission.txt |
0000320193 | 20001214 | 10-K | 99 | The Company's future operating results and financial condition are substantially dependent on its ability to continue to develop improvements to the Macintosh platform in order to maintain perceived functional and design advantages over competing platforms. | 0000912057-00-053623/full-submission.txt |
0000320193 | 20001214 | 10-K | 100 | Further information relating to the competitive conditions of the personal computing industry and the Company's competitive position in that market place may be found in Part II, Item 7 of this Form 10-K under the subheading "Competition," included under the heading "Factors That May Affect Future Results and Financial... | 0000912057-00-053623/full-submission.txt |
0000320193 | 20001214 | 10-K | 101 | RAW MATERIALS
Although certain components essential to the Company's business are generally available from multiple sources, other key components (including microprocessors and application-specific integrated circuits ("ASICs")) are currently obtained by the Company from single or limited sources. | 0000912057-00-053623/full-submission.txt |
0000320193 | 20001214 | 10-K | 102 | Some other key components, while currently available to the Company from multiple sources, are at times subject to industry wide availability and pricing pressures. | 0000912057-00-053623/full-submission.txt |
0000320193 | 20001214 | 10-K | 103 | In addition, the Company uses some components that are not common to the rest of the personal computer industry, and 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 addit... | 0000912057-00-053623/full-submission.txt |
0000320193 | 20001214 | 10-K | 104 | If the supply of a key or single-sourced component to the Company were to be delayed or curtailed or in the event a key manufacturing vendor delays shipments of completed products to the Company, the Company's ability to ship related products in desired quantities and in a timely manner could be adversely affected. | 0000912057-00-053623/full-submission.txt |
0000320193 | 20001214 | 10-K | 105 | The Company's business and financial performance could also be adversely affected depending on the time required to obtain sufficient quantities from the original source, or to identify and obtain sufficient quantities from an alternative source. | 0000912057-00-053623/full-submission.txt |
0000320193 | 20001214 | 10-K | 106 | Continued availability of these components may be affected if producers were to decide to concentrate on the production of common components instead of components customized to meet the Company's requirements. | 0000912057-00-053623/full-submission.txt |
0000320193 | 20001214 | 10-K | 107 | The Company attempts to mitigate these potential risks by working closely with these and other key suppliers on product introduction plans, strategic inventories, coordinated product introductions, and internal and external manufacturing schedules and levels. | 0000912057-00-053623/full-submission.txt |
0000320193 | 20001214 | 10-K | 108 | Consistent with industry practice, components are normally acquired through purchase orders typically covering the Company's forecasted requirements for periods from 30 to 130 days. | 0000912057-00-053623/full-submission.txt |
0000320193 | 20001214 | 10-K | 109 | However, the Company continues to evaluate the need for a supply contract in each situation. | 0000912057-00-053623/full-submission.txt |
0000320193 | 20001214 | 10-K | 110 | 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 position. | 0000912057-00-053623/full-submission.txt |
0000320193 | 20001214 | 10-K | 111 | At this time, such vendors include Alpha-Top Corporation, Ambit Microsystems Corporation, ATI Technologies, Inc., Darfon Electronics Corporation, Hon Hai Precision Industry Co., Ltd., IBM Corporation, LG Electronics, Lucent Technologies Inc., Matsushita, Mitsubishi Electric Corporation, Motorola, Inc., NatSteel Electro... | 0000912057-00-053623/full-submission.txt |
0000320193 | 20001214 | 10-K | 112 | RESEARCH AND DEVELOPMENT
Because the personal computer industry is characterized by rapid technological advances, the Company's ability to compete successfully is heavily dependent upon its ability to ensure a continuing and timely flow of competitive products and technology to the marketplace. | 0000912057-00-053623/full-submission.txt |
0000320193 | 20001214 | 10-K | 113 | The Company continues to develop new products and technologies and to enhance existing products in the areas of hardware and peripherals, system software, applications software, networking and communications software and solutions, and the Internet. | 0000912057-00-053623/full-submission.txt |
0000320193 | 20001214 | 10-K | 114 | The Company's research and development expenditures, before any charges for in-process research and development, totaled $380 million, $314 million, and $303 million in 2000, 1999, and 1998, respectively. | 0000912057-00-053623/full-submission.txt |
0000320193 | 20001214 | 10-K | 115 | PATENTS, TRADEMARKS, COPYRIGHTS AND LICENSES
The Company currently holds rights to patents and copyrights relating to certain aspects of its computer systems, peripheral systems, and software. | 0000912057-00-053623/full-submission.txt |
0000320193 | 20001214 | 10-K | 116 | In addition, the Company has registered, and/or has applied to register, trademarks in the United States and a number of foreign countries for "Apple-Registered Trademark-", the Apple silhouette logo, the Apple color logo, "Macintosh-Registered Trademark-," and numerous other product trademarks. | 0000912057-00-053623/full-submission.txt |
0000320193 | 20001214 | 10-K | 117 | In 1986, the Company acquired ownership of the trademark "Macintosh" for use in connection with computer products. | 0000912057-00-053623/full-submission.txt |
0000320193 | 20001214 | 10-K | 118 | Although the Company believes the ownership of such patents, copyrights, and trademarks 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 personnel. | 0000912057-00-053623/full-submission.txt |
0000320193 | 20001214 | 10-K | 119 | Many of the Company's products are designed to include intellectual property obtained from third parties. | 0000912057-00-053623/full-submission.txt |
0000320193 | 20001214 | 10-K | 120 | 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. | 0000912057-00-053623/full-submission.txt |
0000320193 | 20001214 | 10-K | 121 | 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 of others. | 0000912057-00-053623/full-submission.txt |
0000320193 | 20001214 | 10-K | 122 | The Company has from time to time been notified that it may be infringing certain patents or other intellectual property rights of others. | 0000912057-00-053623/full-submission.txt |
0000320193 | 20001214 | 10-K | 123 | However, no litigation has arisen out of any of these claims that has had, or is expected to have, an adverse impact on the Company's operating results and financial condition. | 0000912057-00-053623/full-submission.txt |
0000320193 | 20001214 | 10-K | 124 | The Company believes that any necessary patent or other rights could be obtained on commercially reasonable terms. | 0000912057-00-053623/full-submission.txt |
0000320193 | 20001214 | 10-K | 125 | However, there can be no assurance that the necessary licenses would be available on acceptable terms, if at all, or that the Company would prevail in any such challenge. | 0000912057-00-053623/full-submission.txt |
0000320193 | 20001214 | 10-K | 126 | The failure to obtain necessary licenses or other rights, or litigation arising out of such claims, could adversely affect the Company's results of operations and financial condition. | 0000912057-00-053623/full-submission.txt |
0000320193 | 20001214 | 10-K | 127 | FOREIGN AND DOMESTIC OPERATIONS AND GEOGRAPHIC DATA
The United States represents the Company's largest geographic marketplace. | 0000912057-00-053623/full-submission.txt |
0000320193 | 20001214 | 10-K | 128 | Approximately 52% of the Company's net sales in fiscal 2000 came from operations inside the United States. | 0000912057-00-053623/full-submission.txt |
0000320193 | 20001214 | 10-K | 129 | Final assembly of products sold by the Company is conducted in the Company's manufacturing facilities in Sacramento, California, Cork, Ireland, and Singapore and by external vendors in Taiwan, Korea, Mexico, the People's Republic of China, and the Czech Republic. | 0000912057-00-053623/full-submission.txt |
0000320193 | 20001214 | 10-K | 130 | Margins on sales of Apple 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. | 0000912057-00-053623/full-submission.txt |
0000320193 | 20001214 | 10-K | 131 | Information regarding financial data by geographic segment is set forth in Part II, Item 8 of this Form 10-K in the Notes to Consolidated Financial Statements at Note 10, "Segment Information and Geographic Data," which information is hereby incorporated by reference. | 0000912057-00-053623/full-submission.txt |
0000320193 | 20001214 | 10-K | 132 | Additional information regarding the risks associated with international operations is set forth in Part II, Item 7 of this Form 10-K under the subheading "Global Market Risks," included under the heading "Factors That May Affect Future Results and Financial Condition," which information is hereby incorporated by refer... | 0000912057-00-053623/full-submission.txt |
0000320193 | 20001214 | 10-K | 133 | SEASONAL BUSINESS
Although the Company does not consider its business to be highly seasonal, it has historically experienced increased 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 school year. | 0000912057-00-053623/full-submission.txt |
0000320193 | 20001214 | 10-K | 134 | However, past performance should not be considered a reliable indicator of the Company's future net sales or financial performance. | 0000912057-00-053623/full-submission.txt |
0000320193 | 20001214 | 10-K | 135 | WARRANTY
The Company offers a limited parts and labor warranty on its hardware products. | 0000912057-00-053623/full-submission.txt |
0000320193 | 20001214 | 10-K | 136 | The warranty period is typically one year from the date of purchase by the end user. | 0000912057-00-053623/full-submission.txt |
0000320193 | 20001214 | 10-K | 137 | The Company also offers a 90-day warranty for Apple software and for Apple service parts used to repair Apple hardware products. | 0000912057-00-053623/full-submission.txt |
0000320193 | 20001214 | 10-K | 138 | In addition, consumers may purchase extended service coverage on most Apple hardware products in all of the Company's major markets. | 0000912057-00-053623/full-submission.txt |
0000320193 | 20001214 | 10-K | 139 | 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. | 0000912057-00-053623/full-submission.txt |
0000320193 | 20001214 | 10-K | 140 | In particular, backlog often increases in anticipation of or immediately following new product introductions because of over ordering by dealers anticipating shortages. | 0000912057-00-053623/full-submission.txt |
0000320193 | 20001214 | 10-K | 141 | Backlog often is reduced once dealers and customers believe they can obtain sufficient supply. | 0000912057-00-053623/full-submission.txt |
0000320193 | 20001214 | 10-K | 142 | 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. | 0000912057-00-053623/full-submission.txt |
0000320193 | 20001214 | 10-K | 143 | ENVIRONMENTAL LAWS
Compliance with federal, state, local, and foreign laws enacted for the protection of the environment has to date had no material effect upon the Company's capital expenditures, earnings, or competitive position. | 0000912057-00-053623/full-submission.txt |
0000320193 | 20001214 | 10-K | 144 | 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, no assurance can be given such laws, or any future laws enacted for the protection of the environment, will not have a material adverse effect on the Company. | 0000912057-00-053623/full-submission.txt |
0000320193 | 20001214 | 10-K | 145 | EMPLOYEES
As of September 30, 2000, Apple and its subsidiaries worldwide had 8,568 employees and an additional 3,160 temporary employees and contractors. | 0000912057-00-053623/full-submission.txt |
0000320193 | 20001214 | 10-K | 146 | ITEM 2. | 0000912057-00-053623/full-submission.txt |
0000320193 | 20001214 | 10-K | 147 | PROPERTIES
The Company's headquarters are located in Cupertino, California. | 0000912057-00-053623/full-submission.txt |
0000320193 | 20001214 | 10-K | 148 | The Company has manufacturing facilities in Sacramento, California, Cork, Ireland, and Singapore. | 0000912057-00-053623/full-submission.txt |
0000320193 | 20001214 | 10-K | 149 | As of September 30, 2000, the Company leased approximately 3 million square feet of space, primarily in the United States, and to a lesser extent, in Europe and the Asia Pacific region. | 0000912057-00-053623/full-submission.txt |
0000320193 | 20001214 | 10-K | 150 | Leases are generally for terms of five to ten years, and usually provide renewal options for terms of three to five additional years. | 0000912057-00-053623/full-submission.txt |
0000320193 | 20001214 | 10-K | 151 | The Company owns its manufacturing facilities in Cork, Ireland, and Singapore, which total approximately 617,000 square feet. | 0000912057-00-053623/full-submission.txt |
0000320193 | 20001214 | 10-K | 152 | The Company also owns a 748,000 square-foot facility in Sacramento, California, which is used as a manufacturing, warehousing and distribution center. | 0000912057-00-053623/full-submission.txt |
0000320193 | 20001214 | 10-K | 153 | The Sacramento and Cork facilities also house customer call centers. | 0000912057-00-053623/full-submission.txt |
0000320193 | 20001214 | 10-K | 154 | In addition, the Company owns 930,000 square feet of facilities located in Cupertino, California, used for research and development and corporate functions. | 0000912057-00-053623/full-submission.txt |
0000320193 | 20001214 | 10-K | 155 | Outside the United States, the Company owns additional facilities totaling approximately 169,000 square feet. | 0000912057-00-053623/full-submission.txt |
0000320193 | 20001214 | 10-K | 156 | The Company believes its existing facilities and equipment are well maintained and in good operating condition. | 0000912057-00-053623/full-submission.txt |
0000320193 | 20001214 | 10-K | 157 | The Company has invested in internal capacity and strategic relationships with outside manufacturing vendors, and therefore believes it has adequate manufacturing capacity for the foreseeable future. | 0000912057-00-053623/full-submission.txt |
0000320193 | 20001214 | 10-K | 158 | The Company continues to make investments in capital equipment as needed to meet anticipated demand for its products. | 0000912057-00-053623/full-submission.txt |
0000320193 | 20001214 | 10-K | 159 | Information regarding critical business operations that are located near major earthquake faults is set forth in Part II, Item 7 of this Form 10-K under the subheading "Other Factors" included under the heading "Factors That May Affect Future Results and Financial Condition," which information is hereby incorporated by... | 0000912057-00-053623/full-submission.txt |
0000320193 | 20001214 | 10-K | 160 | ITEM 3. | 0000912057-00-053623/full-submission.txt |
0000320193 | 20001214 | 10-K | 161 | LEGAL PROCEEDINGS
The Company is subject to certain legal proceedings and claims, including those described below, which have arisen in the ordinary course of business and have not been fully adjudicated. | 0000912057-00-053623/full-submission.txt |
0000320193 | 20001214 | 10-K | 162 | The results of legal proceedings cannot be predicted with certainty; however, in the opinion of management, the Company does not have a potential liability related to any current legal proceedings and claims that would have a material adverse effect on its financial condition or results of operations. | 0000912057-00-053623/full-submission.txt |
0000320193 | 20001214 | 10-K | 163 | FTC INQUIRY-PRADO V. APPLE COMPUTER, INC. (AND RELATED ACTIONS)
In October 1997, Apple began charging all U.S. non-education customers for live telephone technical support beyond 90 days after purchase of Apple products. | 0000912057-00-053623/full-submission.txt |
0000320193 | 20001214 | 10-K | 164 | In late 1997, the Federal Trade Commission (FTC) commenced an investigation into customer complaints that Apple's change in technical support practices was either unfair or contrary to earlier representations to certain customers. | 0000912057-00-053623/full-submission.txt |
0000320193 | 20001214 | 10-K | 165 | Four purported class action lawsuits were filed against Apple related to this change. | 0000912057-00-053623/full-submission.txt |
0000320193 | 20001214 | 10-K | 166 | During the fourth quarter of 1999, the regional and national offices of the FTC approved a settlement with the Company, and a settlement was approved by the Court in three of the class action suits. | 0000912057-00-053623/full-submission.txt |
0000320193 | 20001214 | 10-K | 167 | In November 1999, two appeals were filed objecting to the settlement and the settlement is stayed pending resolution of the appeals. | 0000912057-00-053623/full-submission.txt |
0000320193 | 20001214 | 10-K | 168 | MICROWARE SYSTEMS CORPORATION V. APPLE COMPUTER, INC. | 0000912057-00-053623/full-submission.txt |
0000320193 | 20001214 | 10-K | 169 | Plaintiff, Microware Systems Corporation (Microware), filed this action against the Company on September 1, 1999, in the United States District Court for the Southern District of Iowa. | 0000912057-00-053623/full-submission.txt |
0000320193 | 20001214 | 10-K | 170 | Microware alleged that the Company's current release of its Mac OS operating system, Mac OS 9, infringed Microware's trademark for its real time operating system, OS-9. | 0000912057-00-053623/full-submission.txt |
0000320193 | 20001214 | 10-K | 171 | Microware asserted claims for trademark infringement, false designation of origin, dilution and common law trademark infringement and unfair competition. | 0000912057-00-053623/full-submission.txt |
0000320193 | 20001214 | 10-K | 172 | On October 14, 1999, Microware filed a motion for preliminary injunction seeking to enjoin the Company from using the designation "Mac OS 9" and to order the Company to cancel and withdraw all packaging and advertisements that mention "Mac OS 9." | 0000912057-00-053623/full-submission.txt |
0000320193 | 20001214 | 10-K | 173 | The Company opposed the motion for preliminary injunction and filed a motion for summary judgment against all of Microware's claims. | 0000912057-00-053623/full-submission.txt |
0000320193 | 20001214 | 10-K | 174 | The Court denied Microware's request for a preliminary injunction and granted Apple's motion for summary judgment. | 0000912057-00-053623/full-submission.txt |
0000320193 | 20001214 | 10-K | 175 | Microware has filed an appeal which will be heard in January 2001. | 0000912057-00-053623/full-submission.txt |
0000320193 | 20001214 | 10-K | 176 | STERNBERG V. APPLE COMPUTER, INC. AND GORDON ET AL. | 0000912057-00-053623/full-submission.txt |
0000320193 | 20001214 | 10-K | 177 | V. APPLE COMPUTER, INC. | 0000912057-00-053623/full-submission.txt |
0000320193 | 20001214 | 10-K | 178 | Plaintiff Sternberg filed this action against the Company on March 17, 2000 in the Santa Clara County Superior Court. | 0000912057-00-053623/full-submission.txt |
0000320193 | 20001214 | 10-K | 179 | The case is a purported nationwide consumer class action brought on behalf of certain purchasers of iMac DV and iMac DV SE computers. | 0000912057-00-053623/full-submission.txt |
0000320193 | 20001214 | 10-K | 180 | Plaintiff alleges that Apple engaged in false advertising, unfair competition and breach of warranty, among other causes of action, by marketing and selling a DVD player with iMac DV and iMac DV SE computers where the playback was unacceptable. | 0000912057-00-053623/full-submission.txt |
0000320193 | 20001214 | 10-K | 181 | A companion case, GORDON ET AL. | 0000912057-00-053623/full-submission.txt |
0000320193 | 20001214 | 10-K | 182 | V. APPLE COMPUTER, INC. was filed by largely the same plaintiffs on June 14, 2000. | 0000912057-00-053623/full-submission.txt |
0000320193 | 20001214 | 10-K | 183 | This case is essentially the same as Sternberg but with respect to a different computer model--the Power Macintosh G4. | 0000912057-00-053623/full-submission.txt |
0000320193 | 20001214 | 10-K | 184 | The Company has answered both complaints, denying all allegations and alleging numerous affirmative defenses. | 0000912057-00-053623/full-submission.txt |
0000320193 | 20001214 | 10-K | 185 | The Company has responded to written discovery and has produced documents. | 0000912057-00-053623/full-submission.txt |
0000320193 | 20001214 | 10-K | 186 | The parties have agreed to mediate the cases. | 0000912057-00-053623/full-submission.txt |
0000320193 | 20001214 | 10-K | 187 | The mediation is expected to occur at the end of January 2001. | 0000912057-00-053623/full-submission.txt |
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