Forward-looking statements can also be identified by words such as "future," "anticipates," "believes," "estimates," "expects," "intends," "will," "would," "could," "can," "may," and similar terms. Each of the terms the "Company" and "Apple" as used herein refers collectively to Apple Inc. The Company assumes no obligation to revise or update any forward-looking statements for any reason, except as required by law. PART I Business Company Background The Company designs, manufactures and markets mobile communication and media devices, personal computers and portable digital music players, and sells a variety of related software, services, accessories, networking solutions and third-party digital content and applications.

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Tem The Company markets certain mobile communication and media devices based on the iOS mobile operating system and also markets related third-party digital content and applications. Accrued warranty and related costs. The Company may be subject to information technology system failures and network disruptions.

Other agreements entered into by. However, the Company has not been required to make any significant payments resulting from such an infringement claim asserted against it or an indemnified third-party. The Company is subject to taxation and files income tax returns in the U. Cash generated by operating activities. Given the global nature of its business, the Company has both domestic and international investments. The Company also competes with illegitimate ways to obtain third-party digital content and applications.

The Company believes the duration of its patents is adequate relative to the expected lives of its products. The Company also has Multi-Touch versions of these iLife applications designed specifically for use on iPhone and iPad, and beginning in Septemberboth iPhoto and iMovie for iOS became available as free downloads with all new iOS devices.

Management believes it is more likely than not that forecasted income, including income that may be generated as a result of certain tax planning strategies, together with future reversals of existing taxable temporary differences, will be sufficient to fully recover the deferred tax assets.

Although malicious attacks to gain access to 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 amount of PII it manages. The Company may enter into forward contracts, option contracts, swaps, or other derivative instruments to offset some of the risk on expected future cash flows, on net investments in certain foreign subsidiaries, and on certain existing assets and liabilities.

By way of example, laws and regulations related to mobile communications and media devices aapo the many jurisdictions in which the Company operates are extensive and subject aal change. There can be no assurance as to the outcome of these examinations.

The fair value of derivative assets is measured using Level 2 fair value inputs and is recorded as other current assets in the Consolidated Balance Sheets. The Company records accruals for estimated cancellation fees related to component orders that have been cancelled or are expected to be cancelled. Product Performance iPhone The following Price competition has been particularly intense as competitors selling Windows-based personal computers have aggressively cut prices and lowered product margins.

The dilutive effect of potentially dilutive securities is reflected in diluted earnings per share by application of the treasury stock method. The Company did not recognize any significant net gains or losses related to the loss of 10m designation on discontinued cash flow hedges duringand The gains and losses related to changes in the fair value of the interest rate swaps are recorded in OCI with a portion reclassified to interest expense each period to offset changes in interest rates on the floating-rate notes.

Net sales in the Europe. The Company sells to consumers; small and mid-sized businesses; and education, enterprise and government customers. Net Sales by Operating Segment: Net sales can also be affected when consumers and distributors anticipate a product introduction. Any failure by the Company, aapll suppliers or other parties with whom the Company does business to comply with its posted privacy policy or with other federal, state or international privacy-related or data protection laws and regulations could result in proceedings against the Company by aapo entities or others.

Backlog is often reduced once customers believe they can obtain sufficient supply. Apple Reports Fourth Quarter Results. The Company also has entered into substantial operating lease commitments for retail space. In the opinion of management, there was not at least a reasonable possibility the Company may have incurred a material loss, or a material loss in excess of a 10, accrual, with respect to loss contingencies. Table of Contents loss on the derivative instrument, if any, is recognized in current income.

The Company believes it is unique in that it designs and develops nearly the entire solution for its products, including the hardware, operating system, numerous software applications, and related services. Table of Contents The Company also sells its hardware and software products to enterprise and government customers in each of its geographic segments. Under these rules and obligations, if information is compromised, the Company could be liable to payment card issuers for associated expenses and penalties.

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Apple Inc (AAPL) SEC Annual Report (10-K) for 2015

JoJogul If a tax position meets the more-likely-than-not recognition threshold it is then measured to determine the amount of benefit to recognize in the financial statements. To help protect the net investment in a foreign operation from adverse changes in foreign currency exchange rates, the Company may enter into foreign currency forward and option contracts to offset the changes in the carrying amounts of these investments sapl to fluctuations in foreign currency exchange rates. Duringthe Company expects to open about 30 new retail stores, with approximately two-thirds located outside of the U. Apple Inc. The Company may be unable to continue to offer a wide variety of content at reasonable prices with acceptable usage rules, or continue to expand its geographic reach.


Apple Inc. (AAPL)


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