Apple Inc.
CONSOLIDATED STATEMENTS OF OPERATIONS
(In millions, except number of shares which are reflected in thousands and per share amounts)
Years ended
September 24,
2022September 25,
2021September 26,
2020
Net sales:
   Products $ 316,199 $ 297,392 $ 220,747
   Services  78,129  68,425  53,768
Total net sales  394,328  365,817  274,515
Cost of sales:
   Products  201,471  192,266  151,286
   Services  22,075  20,715  18,273
Total cost of sales  223,546  212,981  169,559

Total cost of sales  223,546  212,981  169,559
Gross margin  170,782  152,836  104,956
Operating expenses:
Research and development  26,251  21,914  18,752
Selling, general and administrative  25,094  21,973  19,916
Total operating expenses  51,345  43,887  38,668
Operating income  119,437  108,949  66,288
Other income/(expense), net  (334)  258  803
Income before provision for income taxes  119,103  109,207  67,091
Provision for income taxes  19,300  14,527  9,680

Net income $ 99,803 $ 94,680 $ 57,411
Earnings per share:
Basic $ 6.15 $ 5.67 $ 3.31
Diluted $ 6.11 $ 5.61 $ 3.28
Shares used in computing earnings per share:
Basic  16,215,963  16,701,272  17,352,119
Diluted  16,325,819  16,864,919  17,528,214
See accompanying Notes to Consolidated Financial Statements.
Apple Inc. | 2022  Form 10-K | 29

Apple Inc.
 CONSOLIDATED STATEMENTS OPERATIONS
 millions shares thousands per share
 Years ended
 24
 25
 26,
 2020
 Net sales
 Products $ 316,199 $,392 $ 220,747
 Services 78,129 68,425 53,768
 Total net sales,328 365,817 274,515
 Cost sales
 Products 201,471 192,266 151,286
 Services 22,075 20,715 18,273
 Total cost 223,546 212,981 169,559
 Gross margin 170,782 152,836 104,956
 Operating expenses
 Research development 26,251 21,914 18,752
 Selling general administrative 25,094 21,973 19,916

Total operating expenses 51,345 43,887 38,668
 Operating income 119,437 108,949 66,288
 Other income net (334) 258 803
 Income before provision taxes 119,103 109,207 67,091
 19,300 14,527 9,680
 Net income $ 99,803 $ 94,680 $ 57,411
 Earnings per share
 Basic 6. 15 $ 5. 67 $ 3.
 Diluted. 11 $ 5. 61 $.
 Shares earnings per share
 Basic 16,215,963 16,701,272 17,352,119
 Diluted 16,325,819 16,864,919 17,528,214
 Notes Consolidated Financial Statements.
 Apple Inc. 2022 Form 10-K 29


to
cover all losses or all types of claims that may arise.
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.
The Company’s global operations are subject to complex and changing laws and regulations on subjects, including antitrust;

privacy, data security and data localization; consumer protection; advertising, sales, billing and e-commerce; financial services
and technology; product liability; intellectual property ownership and infringement; digital platforms; internet , telecommunications,
and mobile communications; media, television, film and digital content; availability of third-party software applications and

services; labor and employment; anticorruption; import, export and trade; foreign exchange controls and cash repatriation
restrictions; anti–money laundering; foreign ownership and investment; tax; and environmental, health and safety, including

to
 cover all losses or all types of claims arise.
 Company subject to complex changing laws regulations worldwide exposes Company to
 potential liabilities increased costs adverse effects on Company’s business.
 Company’s global operations subject to complex changing laws regulations on subjects including antitrust;
 privacy data security data localization; consumer protection; advertising sales billing e-commerce; financial services

technology; product liability; intellectual property ownership infringement; digital platforms; internet, telecommunications
 mobile communications; media, television film digital content; availability of third-party software applications
 services; labor employment; anticorruption; import, export trade; foreign exchange controls cash repatriation
 restrictions; anti–money laundering; foreign ownership investment; tax; environmental, health safety including


The Company’s operations are also subject to the risks of industrial accidents at its suppliers and contract manufacturers. While
the Company’s suppliers are required to maintain safe working environments and operations, an industrial accident could occur
and could result in serious injuries or loss of life, disruption to the Company’s business, and harm to the Company’s reputation.
Major public health issues, including pandemics such as the COVID-19 pandemic, have adversely affected, and could in the

future materially adversely affect, the Company due to their impact on the global economy and demand for consumer products;
the imposition of protective public safety measures, such as stringent employee travel restrictions and limitations on freight
services and the movement of products between regions; and disruptions in the Company’s supply chain and sales and
distribution channels, resulting in interruptions of the supply of current products and delays in production ramps of new products.

Company’s operations subject to risks of industrial accidents at suppliers and contract manufacturers.
 Company’s suppliers required to maintain safe working environments operations, an industrial accident could occur
 result in serious injuries or loss of life, disruption to Company’s business, harm to Company’s reputation.
 Major public health issues, including pandemics COVID-19 pandemic, adversely affected, could

future materially adversely affect, Company due to impact on global economy demand for consumer products;
 imposition of protective public safety measures, stringent employee travel restrictions limitations on freight
 services movement of products between regions; disruptions in Company’s supply chain and sales and
 distribution channels, resulting in interruptions of supply of current products delays in production ramps of new products.


such election by written consent, other than to fill a vacancy created by
removal, requires the consent of a majority of the outstanding shares entitled to vote thereon.
An amendment of the Bylaws or the Articles may be adopted by the vote of the majority of the outstanding
shares entitled to vote. Any amendment of the Bylaws specifying or changing a fixed number of directors or the
maximum or minimum number or changing from a fixed to a variable board or vice versa may only be adopted by the

shareholders; provided, however, that an amendment of the Bylaws or the Articles reducing the fixed number or the
minimum number of directors to less than five cannot be adopted if the votes cast against its adoption are equal to
more than 16 2/3% of the outstanding shares entitled to vote.Exhibit 4.1

election by written consent, other than to fill vacancy created by
 removal, requires consent of majority of outstanding shares entitled to vote.
 amendment of Bylaws or Articles may be adopted by vote of majority of outstanding
 shares entitled to vote. amendment of Bylaws specifying or changing fixed number of directors or
 maximum or minimum number or changing from fixed to variable board or vice versa may only be adopted by
 shareholders; amendment of Bylaws or reducing fixed number or

minimum number of directors to less than five cannot be adopted if votes cast against its adoption equal to
 more than 16 2/3% of outstanding shares entitled to vote. Exhibit 4. 1


rant, dated as of August 20, 2020, including
forms of global notes representing the 0.550% Notes due 2025, 1.25% Notes
due 2030, 2.400% Notes due 2050 and 2.550% Notes due 2060.8-K 4.1 8/20/20
4.25 Officer’s Certificate of the Registrant, dated as of  February 8, 2021, including
forms of global notes representing the 0.700% Notes due 2026, 1.200% Notes
due 2028, 1.650% Notes due 2031, 2.375% Notes due 2041, 2.650% Notes
due 2051 and 2.800% Notes due 2061.8-K 4.1 2/8/21

due 2051 and 2.800% Notes due 2061.8-K 4.1 2/8/21
4.26 Officer’s Certificate of the Registrant, dated as of August 5, 2021, including forms
of global notes representing the

rant dated August 20, 2020 including
 forms global notes representing 0. 550% Notes due 2025, 1. 25%
 due 2030, 2. 400% due 2050 2. 550% due 2060. 8-K 4. 1 8/20/20
 4. 25 Officer’s Certificate of Registrant dated February 8, 2021 including
 forms global notes 0. 700% Notes due 2026, 1. 200%
 due 2028, 1. 650% due 2031, 2. 375% due 2041, 2. 650%
 due 2051 2. 800% due 2061. 8-K 4. 1 2/8/21
 4. 26 Officer’s Certificate of Registrant dated August 5, 2021 including forms
 global notes


of consumers and businesses. Many of
the Company’s competitors seek to compete primarily through aggressive pricing and very low cost structures, and by imitating
the Company’s products and infringing on its intellectual property.
The Company’s ability to compete successfully depends heavily on ensuring the continuing and timely introduction of innovative
new products, services and technologies to the marketplace. The Company designs and develops nearly the entire solution for

its products, including the hardware, operating system, numerous software applications and related services. Principal
competitive factors important to the Company include price, product and service features (including security features), relative
price and performance, product and service quality and reliability, design innovation, a strong third-party software and
accessories ecosystem, marketing and distribution capability, service and support, and corporate reputation.

Apple Inc. | 2022  Form 10-K | 2

of consumers businesses. Many
 Company’s competitors seek to compete primarily through aggressive pricing low cost structures, by imitating
 Company’s products infringing on its intellectual property.
 Company’s ability to compete successfully depends on ensuring continuing timely introduction of innovative
 new products, services technologies to marketplace. Company designs develops nearly entire solution for

its products, including hardware, operating system software applications related services. Principal
 competitive factors important to Company include price, product service features (including security features), relative
 price performance, product service quality reliability, design innovation, strong third-party software
 accessories ecosystem, marketing distribution capability, service support, corporate reputation.
 Apple Inc. | 2022 Form 10-K| 2


•modify any of the provisions in the applicable Indenture regarding the waiver of past defaults and the
waiver of certain covenants by the holders of Notes except to increase any percentage vote required or
to provide that certain other provisions of the applicable Indenture cannot be modified or waived without
the consent of the holder of each Notes affected thereby;
•make any change that adversely affects the right to convert or exchange any debt security or decreases

the conversion or exchange rate or increases the conversion price of any convertible or exchangeable
debt security, unless such decrease or increase is permitted by the terms of the debt securities; or
•modify any of the above provisions.
We and the trustee may, without the consent of any holders, modify or amend the terms of the Indentures
and any series of Notes with respect to the following:
•to add to our covenants for the benefit of holders of all or any series of the Notes

•modify provisions in applicable Indenture regarding waiver of past defaults
 waiver of certain covenants by holders of Notes except to increase percentage vote required or
 to provide certain other provisions applicable Indenture cannot be modified or waived without
 consent of holder of each Notes affected;
 •make change adversely affects right to convert or exchange any debt security or decreases
 conversion or exchange rate or increases conversion price of any convertible or exchangeable

debt security, unless decrease or increase permitted by terms of debt securities; or
 •modify any above provisions.
 We and trustee may without consent of holders, modify or amend terms of Indentures
 any series of Notes with respect to following:
 •to add to covenants for benefit of holders of all or any series of Notes


compete, current extensive patent coverage and the rapid rate of issuance of new patents, the
Company’s products and services can unknowingly infringe existing patents or intellectual property rights of others. From time to
time, the Company has been notified that it may be infringing certain patents or other intellectual property rights of third parties.
Based on experience and industry practice, the Company believes licenses to such third-party intellectual property can generally

be obtained on commercially reasonable terms. However, there can be no assurance the necessary licenses can be obtained on
commercially reasonable terms or at all. Failure to obtain the right to use third-party intellectual property, or to use such
intellectual property on commercially reasonable terms, can preclude the Company from selling certain products or services, or
otherwise have a material adverse impact on the Company’s business, results of operations and financial condition.

Apple Inc. | 2022  Form 10-K | 9

compete, current extensive patent coverage rapid rate issuance of new patents,
 Company’s products services can unknowingly infringe existing patents or intellectual property rights others.
 Company notified it may be infringing certain patents or other intellectual property rights of third parties.
 Based on experience industry practice, Company believes licenses to third-party intellectual property can generally

be obtained on commercially reasonable terms. no assurance necessary licenses can be obtained on
 commercially reasonable terms or. Failure to obtain right to use third-party intellectual property or use
 intellectual property on commercially reasonable terms, can preclude Company from selling certain products or services or
 have material adverse impact on Company’s business results operations financial condition.
 Apple Inc. | 2022 Form 10-K | 9


Plan effective as of September 26, 2017.10-K 10.20 9/30/17
10.6* Form of Restricted Stock Unit Award Agreement under Non-Employee Director
Stock Plan effective as of February 13, 2018.10-Q 10.2 3/31/18
10.7* Form of Restricted Stock Unit Award Agreement under 2014 Employee Stock
Plan effective as of August 21, 2018.10-K 10.17 9/29/18
10.8* Form of Performance Award Agreement under 2014 Employee Stock Plan
effective as of August 21, 2018.10-K 10.18 9/29/18

10.9* Form of Restricted Stock Unit Award Agreement under 2014 Employee Stock
Plan effective as of September 29, 2019.10-K 10.15 9/28/19
10.10* Form of Performance Award Agreement under 2014 Employee Stock Plan
effective as of September 29,

Plan effective September 26, 2017. 10-K 10. 20 9/30/17
 10. 6* Restricted Stock Unit Award Agreement Non-Employee Director
 Stock Plan February 13, 2018. 10-Q 10. 2 3/31/18
 10. 7* Restricted Stock Unit Award Agreement 2014 Employee Stock
 Plan August 21, 2018. 10-K 10. 17 9/29/18
 10. 8* Performance Award Agreement 2014 Employee Stock Plan
 effective August 21, 2018. 10-K 10. 18 9/29/18
 10. 9* Restricted Stock Unit Award Agreement 2014 Employee Stock

Plan effective September 29, 2019. 10-K 10. 15 9/28/19
 10. 10* Performance Award Agreement 2014 Employee Stock Plan
 September 29,


�OI&E”) on a straight-line basis over the life of the hedge. Changes in the fair value of amounts excluded from the
assessment of hedge effectiveness are recognized in OCI.
Gains and losses arising from changes in the fair values of derivative instruments that are not designated as accounting hedges
are recognized in the Consolidated Statements of Operations line items to which the derivative instruments relate.

The Company presents derivative assets and liabilities at their gross fair values in the Consolidated Balance Sheets. The
Company classifies cash flows related to derivative instruments as operating activities in the Consolidated Statements of Cash
Flows.
Fair Value Measurements
The fair values of the Company’s money market funds and certain marketable equity securities are based on quoted prices in

active markets for identical assets. The valuation techniques used to measure the fair value of the Company’s debt instruments
and all other financial instruments, which generally

OI&E”) straight-line basis over life of hedge. Changes in fair value of amounts excluded from
 assessment hedge effectiveness recognized in OCI.
 Gains and losses from changes in fair values of derivative instruments not accounting hedges
 recognized in Consolidated Statements of Operations line items derivative instruments relate.
 Company presents derivative assets liabilities at gross fair values in Consolidated Balance Sheets.

Company classifies cash flows related to derivative instruments as operating activities in Consolidated Statements of Cash
 Flows.
 Fair Value Measurements
 fair values of Company’s money market funds certain marketable equity securities based on quoted prices in
 active markets for identical assets. valuation techniques used to measure fair value of Company’s debt instruments
 all other financial instruments generally


Directors, the
Chair of the Board of Directors or the Chief Executive Officer or (ii) one or more holders of shares
entitled to cast not less than ten percent (10%) of the votes on the record date established pursuant to
the Company’s Bylaws, provided that the shareholder(s) satisfy requirements in the Bylaws.
In addition, as a California corporation, the Company is subject to the provisions of Section 1203 of the

California General Corporation Law, which requires it to provide a fairness opinion to its shareholders in connection
with their consideration of any proposed “interested party” reorganization transaction.
Listing
The Company’s Common Stock is listed on The Nasdaq Stock Market LLC under the trading symbol
“AAPL.”
2

Directors,
 Chair of Board of Directors or Chief Executive Officer or (ii) one or more holders of shares
 entitled to cast not less than ten percent (10%) of votes on record date established to
 Company’s Bylaws, provided shareholder(s) satisfy requirements in Bylaws.
 In as a California corporation, Company subject to provisions Section 1203 of
 California General Corporation Law, requires to provide fairness opinion to shareholders in connection

with consideration of proposed “interested party” reorganization transaction.
 Listing
 Company’s Common Stock listed on Nasdaq Stock Market LLC under trading symbol
 “AAPL. ”
 2


by words such as “future,” “anticipates,” “believes,” “estimates,” “expects,” “intends,” “plans,” “predicts,” “will,” “would,” “could,” “can,” “may,” and similar terms. 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. 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

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. 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. Each of the terms the “Company”

fiscal years. Each of the terms the “Company” and “Apple” as used herein refers collectively to Apple Inc. and its wholly owned subsidiaries, unless otherwise stated. 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. The Company’s fiscal year is the 52- or 53-week period that ends on the last Saturday of September. Products iPhone iPhone is the Company’s line

Products iPhone iPhone is the Company’s line of smartphones based on its iOS operating system. The iPhone line includes iPhone 14 Pro, iPhone 14, iPhone 13, iPhone SE , iPhone 12 and iPhone 11. Mac Mac is the Company’s line of personal computers based on its macOS operating system. The Mac line includes laptops MacBook Air and MacBook Pro , as well as desktops iMac , Mac mini , Mac Studio™ and Mac Pro . iPad iPad is the Company’s line of multipurpose tablets based on its iPadOS operating system. The iPad

based on its iPadOS operating system. The iPad line includes iPad Pro , iPad Air , iPad and iPad mini . Wearables, Home and Accessories Wearables, Home and Accessories includes: • AirPods , the Company’s wireless headphones, including AirPods, AirPods Pro and AirPods Max™; • Apple TV , the Company’s media streaming and gaming device based on its tvOS operating system, including Apple TV 4K and Apple TV HD; • Apple Watch , the Company’s line of smartwatches based on its watchOS operating system, including

based on its watchOS operating system, including Apple Watch Ultra™, Apple Watch Series 8 and Apple Watch SE ; and • Beats products, HomePod mini and accessories. ® ® ® ® ® ® ® ® ® ® ® ® ® ® ® ® ® ® ® ® ® ® ® Apple Inc. | 2022 Form 10-K | 1 Services Advertising The Company’s advertising services include various third-party licensing arrangements and the Company’s own advertising platforms. AppleCare The Company offers a portfolio of fee-based service and support products under the AppleCare brand. The

support products under the AppleCare brand. The offerings provide priority access to Apple technical support, access to the global Apple authorized service network for repair and replacement services, and in many cases additional coverage for instances of accidental damage and\/or theft and loss, depending on the country and type of product. Cloud Services The Company’s cloud services store and keep customers’ content up-to-date and available across multiple Apple devices and Windows personal computers.

Apple devices and Windows personal computers. Digital Content The Company operates various platforms, including the App Store , that allow customers to discover and download applications and digital content, such as books, music, video, games and podcasts. The Company also offers digital content through subscription-based services, including Apple Arcade , a game subscription service; Apple Fitness+ , a personalized fitness service; Apple Music , which offers users a curated listening experience with

offers users a curated listening experience with on-demand radio stations; Apple News+ , a subscription news and magazine service; and Apple TV+ , which offers exclusive original content and live sports. Payment Services The Company offers payment services, including Apple Card , a co-branded credit card, and Apple Pay , a cashless payment service. Markets and Distribution The Company’s customers are primarily in the consumer, small and mid-sized business, education, enterprise and government markets. The

education, enterprise and government markets. The Company sells its products and resells third-party products in most of its major markets directly to consumers, small and mid-sized businesses, and education, enterprise and government customers through its retail and online stores and its direct sales force. The Company also employs a variety of indirect distribution channels, such as third-party cellular network carriers, wholesalers, retailers and resellers. During 2022, the Company’s net sales through

During 2022, the Company’s net sales through its direct and indirect distribution channels accounted for 38% and 62%, respectively, of total net sales. Competition The markets for the Company’s products and services are highly competitive, and are characterized by aggressive price competition and resulting downward pressure on gross margins, frequent introduction of new products and services, short product life cycles, evolving industry standards, continual improvement in product price and performance

improvement in product price and performance characteristics, rapid adoption of technological advancements by competitors, and price sensitivity on the part of consumers and businesses. Many of the Company’s competitors seek to compete primarily through aggressive pricing and very low cost structures, and by imitating the Company’s products and infringing on its intellectual property. The Company’s ability to compete successfully depends heavily on ensuring the continuing and timely introduction of

the continuing and timely introduction of innovative new products, services and technologies to the marketplace. The Company designs and develops nearly the entire solution for its products, including the hardware, operating system, numerous software applications and related services. Principal competitive factors important to the Company include price, product and service features (including security features), relative price and performance, product and service quality and reliability, design innovation,

quality and reliability, design innovation, a strong third-party software and accessories ecosystem, marketing and distribution capability, service and support, and corporate reputation. ® ® ® SM ® ® ® ® ® Apple Inc. | 2022 Form 10-K | 2 The Company is focused on expanding its market opportunities related to smartphones, personal computers, tablets, wearables and accessories, and services. The Company faces substantial competition in these markets from companies that have significant technical, marketing,

that have significant technical, marketing, distribution and other resources, as well as established hardware, software, and service offerings with large customer bases. In addition, some of the Company’s competitors have broader product lines, lower-priced products and a larger installed base of active devices. Competition has been particularly intense as competitors have aggressively cut prices and lowered product margins. Certain competitors have the resources, experience or cost structures to provide

experience or cost structures to provide products at little or no profit or even at a loss. The Company’s services compete with business models that provide content to users for free and use illegitimate means to obtain third-party digital content and applications. The Company faces significant competition as competitors imitate the Company’s product features and applications within their products, or collaborate to offer integrated solutions that are more competitive than those they currently offer.

more competitive than those they currently offer. Supply of Components Although most components essential to the Company’s business are generally available from multiple sources, certain components are currently obtained from single or limited sources. The Company also competes for various components with other participants in the markets for smartphones, personal computers, tablets, wearables and accessories. Therefore, many components used by the Company, including those that are available from multiple

including those that are available from multiple sources, are at times subject to industry-wide shortage and significant commodity pricing fluctuations. The Company uses some custom components that are not commonly used by its competitors, and new products introduced by the Company often utilize custom components available from only one source. When a component or product uses new technologies, initial capacity constraints may exist until the suppliers’ yields have matured or their manufacturing capacities

have matured or their manufacturing capacities have increased. The continued availability of these components at acceptable prices, or at all, may be affected if suppliers decide to concentrate on the production of common components instead of components customized to meet the Company’s requirements. The Company has entered into agreements for the supply of many components; however, there can be no guarantee that the Company will be able to extend or renew these agreements on similar terms, or at all.

these agreements on similar terms, or at all. Substantially all of the Company’s hardware products are manufactured by outsourcing partners that are located primarily in Asia, with some Mac computers manufactured in the U.S. and Ireland. Research and Development Because the industries in which the Company competes are characterized by rapid technological advances, the Company’s ability to compete successfully depends heavily upon its ability to ensure a continual and timely flow of competitive products,

and timely flow of competitive products, services and technologies to the marketplace. The Company continues to develop new technologies to enhance existing products and services, and to expand the range of its offerings through research

by words “future,” “anticipates “believes “estimates “expects “intends “plans “predicts,” “will,” “would “could,” “can,” “may,” similar terms. Forward-looking statements not guarantees of future performance Company’s actual results may differ from results discussed in forward-looking statements. Factors cause differences include not to those discussed in Part I, Item 1A of Form 10-K under heading “Risk Factors. ” Company assumes no obligation to revise or update forward-looking statements for, except

or update forward-looking statements for, except required by law. Unless otherwise stated all information presented is based on Company’s fiscal calendar references to particular years, quarters, months periods refer to Company’s fiscal years ended in September associated quarters months periods of fiscal years. terms “Company” and “Apple” used refers collectively to Apple Inc. and its wholly owned subsidiaries, unless otherwise stated. PART I Item 1. Business Company Background Company designs,

1. Business Company Background Company designs, manufactures markets smartphones, personal computers, tablets, wearables accessories, sells variety of related services. Company’s fiscal year is 52- or 53-week period ends on last Saturday of September. Products iPhone iPhone Company’s line of smartphones based iOS operating system. iPhone line includes iPhone 14 Pro, iPhone 14, iPhone 13, iPhone SE , iPhone 12 iPhone 11. Mac Mac Company’s line of personal computers based macOS operating system. Mac line

computers based macOS operating system. Mac line includes laptops MacBook Air MacBook Pro , desktops iMac , Mac mini , Mac StudioTM Mac Pro. iPad iPad is Company’s line of multipurpose tablets based on iPadOS operating system. iPad line includes iPad Pro , iPad Air , iPad iPad mini.Wearables, Home and Accessories Wearables Home Accessories includes: • AirPods , Company’s wireless headphones, including AirPods, AirPods Pro AirPods MaxTM; • Apple TV , Company’s media streaming and gaming device based on tvOS

media streaming and gaming device based on tvOS operating system, including Apple TV 4K and Apple TV HD; • Apple Watch , Company’s line of smartwatches based on watchOS operating system, including Apple Watch UltraTM, Apple Watch Series 8 Apple Watch SE ; • Beats products, HomePod mini and accessories. ® ® ® ® ® ® Apple Inc. | 2022 Form 10-K | 1 Services Advertising Company’s advertising services include third-party licensing arrangements Company’s own advertising platforms. AppleCare Company offers

advertising platforms. AppleCare Company offers portfolio of fee-based service and support products under AppleCare brand. offerings provide priority access to Apple technical support, access to global Apple authorized service network for repair and replacement services, additional coverage for accidental damage theft loss, depending country product. Cloud Services Company’s cloud services store keep customers’ content up-to-date available across multiple Apple devices Windows personal computers. Digital

Apple devices Windows personal computers. Digital Content Company operates various platforms, including App Store , allow customers to discover download applications digital content, books, music, video games podcasts. Company also offers digital content through subscription-based services, including Apple Arcade , game subscription service; Apple Fitness+ , personalized fitness service; Apple Music , curated listening experience with on-demand radio stations; Apple News+ , subscription news and magazine

Apple News+ , subscription news and magazine service; Apple TV+ , offers exclusive original content live sports. Payment Services Company offers payment services, including Apple Card , a co-branded credit card, and Apple Pay , cashless payment service. Markets and Distribution Company’s customers are primarily in consumer, small and mid-sized business, education, enterprise government markets.Company sells its products and resells third-party products in most major markets directly to consumers, small

most major markets directly to consumers, small mid-sized businesses education, enterprise government customers through retail and online stores and direct sales force. Company also employs variety of indirect distribution channels, third-party cellular network carriers, wholesalers, retailers resellers. During 2022, Company’s net sales through direct and indirect distribution channels accounted for 38% and 62% respectively, of total net sales. Competition markets for Company’s products and services are

markets for Company’s products and services are highly competitive characterized by aggressive price competition downward pressure on gross margins frequent introduction of new products services short product life cycles evolving industry standards continual improvement in product price performance characteristics rapid adoption of technological advancements by competitors price sensitivity consumers businesses. Company’s competitors seek to compete through aggressive pricing low cost structures by

through aggressive pricing low cost structures by imitating Company’s products infringing on its intellectual property. Company’s ability to compete successfully depends on ensuring continuing timely introduction of innovative new products, services technologies to marketplace. Company designs and develops nearly entire solution for products, including hardware, operating system software applications related services. Principal competitive factors important to Company include price, product service

to Company include price, product service features (including security features), relative price performance, product service quality reliability, design innovation strong third-party software and accessories ecosystem marketing distribution capability, service and support corporate reputation. ® ® ® SM ® ® ® Apple Inc. | 2022 Form 10-K | 2 Company focused on expanding market opportunities related to smartphones, personal computers, tablets, wearables accessories, services. Company faces substantial

accessories, services. Company faces substantial competition in these markets from companies have significant technical, marketing, distribution other resources, established hardware, software, service offerings with large customer bases., some Company’s competitors have broader product lines, lower-priced products larger installed base of active devices. Competition intense as competitors have aggressively cut prices lowered product margins. Certain competitors have resources, experience cost structures

have resources, experience cost structures to provide products at little or no profit or even at a loss. Company’s services compete with business models provide content users for free use illegitimate means to obtain third-party digital content and applications. Company faces significant competition as competitors imitate Company’s product features and applications within products, or collaborate to offer integrated solutions more competitive than. Supply of Components most components essential to

Supply of Components most components essential to Company’s business are generally available from multiple sources, certain components obtained from single or limited sources. Company competes for various components with other participants in markets for smartphones, personal computers, tablets wearables accessories. many components used by Company, including available from multiple sources, are subject to industry-wide shortage significant commodity pricing fluctuations. Company uses some custom

pricing fluctuations. Company uses some custom components not commonly used by competitors, new products Company often utilize custom components available from only one source. When component or product uses new technologies, initial capacity constraints may exist until suppliers’ yields have matured or manufacturing capacities increased. continued availability of these components at acceptable prices, or, may be affected if suppliers decide to concentrate on production of common components instead of

on production of common components instead of components customized to Company’s requirements. Company has entered into agreements for supply of many components; can no guarantee Company will to extend or renew these agreements on similar terms, or at. all Company’s hardware products are manufactured by outsourcing partners primarily in Asia, with some Mac computers manufactured in the U. S. and Ireland.Research and Development industries in Company competes are characterized by rapid technological

competes are characterized by rapid technological advances, Company’s ability to compete successfully depends upon ability to ensure continual timely flow of competitive products, services technologies to marketplace. Company continues to develop new technologies to enhance existing products and services, to expand range of offerings through research


China were the only countries that accounted for more than 10% of the Company’s net sales in 2022 , 2021  and
2020 . Net sales for 2022 , 2021  and 2020  and long-lived assets as of September 24, 2022  and September 25, 2021  were as
follows (in millions):
2022 2021 2020
Net sales:
U.S. $ 147,859 $ 133,803 $ 109,197
China (1) 74,200  68,366  40,308
Other countries  172,269  163,648  125,010
Total net sales $ 394,328 $ 365,817 $ 274,515
2022 2021
Long-lived assets:
U.S. $ 31,119 $ 28,203

Long-lived assets:
U.S. $ 31,119 $ 28,203
China (1) 7,260  7,521
Other countries  3,738  3,7

China only countries accounted 10% Company’s net sales 2022 2021
 2020. Net sales 2022 2021 long-lived assets September 24, 2022 September 25, 2021
 millions):
 2022 2021 2020
 Net sales
 U. S. $ 147,859 $ 133,803 $ 109,197
 China (1) 74,200 68,366 40,308
 Other countries 172,269 163,648 125,010
 Total net sales $,328 $ 365,817 $ 274,515
 2022 2021
 Long-lived assets:
 U. S. $ 31,119 $ 28,203
 China (1) 7,260 7,521
 Other countries 3,738 3,7


Exhibit 32.1
CERTIFICATIONS OF CHIEF EXECUTIVE OFFICER AND CHIEF FINANCIAL OFFICER
PURSUANT TO
18 U.S.C. SECTION 1350,
AS ADOPTED PURSUANT TO
SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002
I, Timothy D. Cook, certify, as of the date hereof, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the
Sarbanes-Oxley Act of 2002, that the Annual Report of Apple Inc. on Form 10-K for the fiscal year ended September 24, 2022

fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934 and that information
contained in such Form 10-K fairly presents in all material respects the financial condition and results of operations of Apple Inc.
at the dates and for the periods indicated.
Date: October 27, 2022
By: /s/ Timothy D. Cook
Timothy D. Cook
Chief Executive Officer

Timothy D. Cook
Chief Executive Officer
I, Luca Maestri, certify, as of the date hereof, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the
Sarbanes-Oxley Act of 2002, that the Annual Report of Apple Inc. on Form 10-K for the fiscal year ended September 24, 2022
fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934 and that information

contained in such Form 10-K fairly presents in all material respects the financial condition and results of operations of Apple Inc.
at the dates and for the periods indicated.
Date: October 27, 2022
By: /s/ Luca Maestri
Luca Maestri
Senior Vice President,
Chief Financial Officer
A signed original of this written statement required by Section 906 has been provided to Apple Inc. and will be retained by Apple
Inc. and furnished to the Securities and Exchange Commission or its staff upon request.

Exhibit 32. 1
 CERTIFICATIONS OF CHIEF EXECUTIVE OFFICER AND CHIEF FINANCIAL OFFICER
 PURSUANT TO
 18 U. S. C. SECTION 1350,
 ADOPTED PURSUANT TO
 SECTION 906 OF SARBANES-OXLEY ACT OF 2002
 I, Timothy D. Cook, certify date pursuant to 18 U. S. C. Section 1350 adopted pursuant to Section 906 of
 Sarbanes-Oxley Act of 2002 Annual Report of Apple Inc. on Form 10-K for fiscal year ended September 24, 2022
 complies with requirements of Section 13(a) or 15(d) of Securities Exchange Act of 1934 information

in Form 10-K presents financial condition and results of operations of Apple Inc.
 at dates and for periods indicated.
 Date: October 27, 2022
 By: /s Timothy D. Cook
 Timothy. Cook
 Chief Executive Officer
 I, Luca Maestri, certify pursuant to 18 U. S. C. Section 1350 adopted to Section 906 of
 Sarbanes-Oxley Act of 2002 Annual Report of Apple Inc. on Form 10-K for fiscal year ended September 24, 2022
 complies with requirements of Section 13(a) or 15(d) of Securities Exchange Act of 1934 information

in Form 10-K presents financial condition and results of operations of Apple Inc.
 at dates and for periods indicated.
 Date: October 27, 2022
 By: /s Luca Maestri
 Senior Vice President,
 Chief Financial Officer
 signed original of this written statement required by Section 906 provided to Apple Inc. retained by Apple
 Inc. furnished to Securities and Exchange Commission or staff upon request.


Apple Inc.
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
(In millions)
Years ended
September 24,
2022September 25,
2021September 26,
2020
Net income $ 99,803 $ 94,680 $ 57,411
Other comprehensive income/(loss):
Change in foreign currency translation, net of tax  (1,511)  501  88
Change in unrealized gains/losses on derivative instruments, net of tax:
Change in fair value of derivative instruments  3,212  32  79
Adjustment for net (gains)/losses realized and included in net

income  (1,074)  1,003  (1,264)
Total change in unrealized gains/losses on derivative
instruments  2,138  1,035  (1,185)
Change in unrealized gains/losses on marketable debt securities, net of
tax:
Change in fair value of marketable debt securities  (12,104)  (694)  1,202
Adjustment for net (gains)/losses realized and included in net
income  205  (273)  (63)
Total change in unrealized gains/losses on marketable debt
securities  (11,899)  (967)  1,139

securities  (11,899)  (967)  1,139
Total other comprehensive income/(loss)  (11,272)  569  42
Total comprehensive income $ 88,531 $ 95,249 $ 57,453
See accompanying Notes to Consolidated Financial Statements.
Apple Inc. | 2022  Form 10-K | 30

Apple Inc.
 CONSOLIDATED STATEMENTS COMPREHENSIVE INCOME
 millions)
 Years ended
 September 24,
 2022September 25,
 26,
 2020
 Net income $ 99,803 $ 94,680 $ 57,411
 Other comprehensive income/(loss):
 Change foreign currency translation net tax (1,511) 501 88
 Change unrealized gains/losses derivative instruments net tax
 Change fair value derivative instruments 3,212 32 79
 Adjustment net (gains/losses
 income (1,074) 1,003 (1,264)
 Total change unrealized gains/losses
 instruments 2,138 1,035 (1,185)

instruments 2,138 1,035 (1,185)
 Change unrealized gains/losses marketable debt securities net
 tax
 Change fair value securities (12,104) (694) 1,202
 Adjustment net (gains/losses
 income 205 (273) (63)
 Total change unrealized gains/losses marketable debt
 securities (11,899) (967) 1,139
 Total other comprehensive income/(loss) (11,272) 42
 Total comprehensive income $ 88,531 $ 95,249 $ 57,453
 Notes Consolidated Financial Statements.
 Apple Inc. 2022 Form 10-K 30


The Company experiences malicious attacks and other attempts to gain unauthorized access to its systems on a regular basis.
These attacks seek to compromise the confidentiality, integrity or availability of confidential information or disrupt normal
business operations, and 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 commercial relationships, and expose the Company to

litigation or government investigations, which could result in penalties, fines or judgments against the Company. Globally, attacks
are expected to continue accelerating in both frequency and sophistication with increasing use by actors of tools and techniques
that are designed to circumvent controls, avoid detection, and remove or obfuscate forensic evidence, all of which hinders the

Company’s ability to identify, investigate and recover from incidents. In addition, attacks against the Company and its customers
can escalate during periods of severe diplomatic or armed conflict.
Although malicious attacks perpetrated to gain access to confidential information, including personal information, 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 processes.
The Company has implemented systems and processes intended to secure its information technology systems and prevent
unauthorized access to or loss of sensitive data, and mitigate the impact of unauthorized access, including through the use of
encryption and authentication technologies. As with all companies, these security measures may not be sufficient for all

eventualities and may be vulnerable to hacking, ransomware attacks, employee error, malfeasance, system error, faulty
password management or other irregularities. For example, third parties can fraudulently induce the Company’s or its vendors’
employees or customers into disclosing user names, passwords or other sensitive information, which can, in turn, be used for
unauthorized access to the Company’s or its vendors’ systems and services. To help protect customers and the Company, the

Company deploys and makes available technologies like multifactor authentication, monitors its services and systems for
unusual activity and may freeze accounts under suspicious circumstances, which, among other things, can result in the delay or
loss of customer orders or impede  customer access to the Company’s products and services.
While the Company maintains insurance coverage that is intended to address certain aspects of data security risks, such

insurance coverage may be insufficient to cover all losses or all types of claims that may arise.
Investment in new business strategies and acquisitions could disrupt the Company’s ongoing business, present risks not
originally contemplated and materially adversely affect the Company’s business, reputation, results of operations and
financial condition.
The Company has invested,

Company experiences malicious attacks attempts to gain unauthorized access to its systems on regular basis.
 These attacks seek to compromise confidentiality, integrity availability of confidential information disrupt normal
 business operations, could impair Company’s ability to attract retain customers for products
 services, impact Company’s stock price, damage commercial relationships expose Company to

litigation or government investigations, could result in penalties, fines or judgments against Company. Globally, attacks
 expected to continue accelerating in frequency sophistication with increasing use by actors of tools techniques
 designed to circumvent controls avoid detection remove or obfuscate forensic evidence, hinders
 Company’s ability to identify, investigate recover from incidents. In attacks against Company customers
 can escalate during periods of severe diplomatic or armed conflict.

malicious attacks perpetrated to gain access to confidential information, including personal information, affect many
 companies across various industries, Company is at greater risk of targeted because of its high profile
 value of confidential information it creates, owns manages stores processes.
 Company has implemented systems processes to secure its information technology systems prevent

unauthorized access to or loss of sensitive data mitigate impact of unauthorized access, including through use of
 encryption and authentication technologies. with all companies, these security measures may not be sufficient for all
 eventualities may be vulnerable to hacking, ransomware attacks employee error malfeasance system error faulty
 password management other irregularities. For, third parties can fraudulently induce Company’s or vendors’

employees customers into disclosing user names, passwords other sensitive information, can be used for
 unauthorized access to Company’s vendors’ systems and services. To help protect customers and Company,
Company deploys makes available technologies like multifactor authentication monitors services and systems for
 unusual activity may freeze accounts under suspicious circumstances,, can result in delay or
 loss of customer orders or impede customer access to Company’s products and services.

Company maintains insurance coverage to address certain data security risks,
 insurance coverage may be insufficient to cover all losses or all types of claims.
 Investment in new business strategies and acquisitions could disrupt Company’s ongoing business, present risks not
 originally contemplated adversely affect Company’s business, reputation results of operations
 financial condition.
 Company has invested,


356  35 %  19,593
Total net sales $ 394,328  8 % $ 365,817  33 % $ 274,515
Americas
Americas net sales increased during 2022  compared to 2021  due primarily to higher net sales of iPhone, Services and Mac.
Europe
Europe net sales increased during 2022  compared to 2021  due primarily to higher net sales of iPhone and Services. The
weakness in foreign currencies relative to the U.S. dollar had a net unfavorable year-over-year impact on Europe net sales
during 2022 .
Greater China

during 2022 .
Greater China
Greater China net sales increased during 2022  compared to 2021  due primarily to higher net sales of iPhone and Services. The
strength of the renminbi relative to the U.S. dollar had a favorable year-over-year impact on Greater China net sales during 2022 .
Japan
Japan net sales decreased during 2022  compared to 2021

356 35 % 19,593
 Total net sales $ 394,328 8 % $ 365,817 33 % $ 274,515
 Americas
 net sales increased 2022 compared to 2021 due to higher net sales of iPhone, Services and Mac.
 Europe
 net sales increased 2022 2021 due to higher net sales iPhone and Services.
 weakness in foreign currencies relative to U. S. dollar net unfavorable impact on Europe net sales
 2022.
 Greater China
 net sales increased 2022 compared 2021 due to higher net sales iPhone and Services.

strength of renminbi relative to U. S. dollar favorable impact on Greater China net sales 2022.
 Japan
 Japan net sales decreased 2022 compared to 2021


Other Income/(Expense), Net
Other income/(expense), net (“OI&E”) for 2022 , 2021  and 2020  was as follows (dollars in millions):
2022 Change 2021 Change 2020
Interest and dividend income $ 2,825 $ 2,843 $ 3,763
Interest expense  (2,931)  (2,645)  (2,873)
Other income/(expense), net  (228)  60  (87)
Total other income/(expense), net $ (334)  (229) % $ 258  (68) % $ 803
The decrease in OI&E during 2022  compared to 2021  was due primarily to higher realized losses on debt securities, unfavorable

fair value adjustments on equity securities and higher interest expense, partially offset by higher foreign exchange gains.
Provision for Income Taxes
Provision for income

Income/(Expense), Net
 for 2022 2021 2020 (dollars in millions):
 2022 Change 2021 Change 2020
 Interest dividend income $ 2,825 $ 2,843 $ 3,763
 Interest expense (2,931) (2,645) (2,873)
 Other income/(expense), net (228) 60 (87)
 Total income/(expense), net $ (334) (229) % $ 258 (68) % $ 803
 decrease in&E 2022 compared to 2021 due to higher losses debt securities unfavorable
 fair value adjustments equity securities higher interest expense offset by higher foreign exchange gains.

Provision for Income Taxes
 Provision income


The Company continues to monitor the situation and take appropriate actions in accordance with the recommendations and
requirements of relevant authorities. The extent to which the COVID-19 pandemic may impact the Company’s operational and
financial performance remains uncertain and will depend on many factors outside the Company’s control, including the timing,
extent, trajectory and duration of the pandemic, the emergence of new variants, the development, availability, distribution and

effectiveness of vaccines and treatments, the imposition of protective public safety measures, and the impact of the pandemic on
the global economy and demand for consumer products and services. Additional future impacts on the Company may include
material adverse effects on demand for the Company’s products and services, the Company’s supply chain and sales and
distribution channels, the Company’s ability to execute its strategic plans, and the Company’s profitability and cost structure.
To the

Company continues to monitor situation take appropriate actions in accordance with recommendations
 requirements of relevant authorities. extent to COVID-19 pandemic may impact Company’s operational and
 financial performance remains uncertain will depend on many factors outside Company’s control including timing,
 extent trajectory duration of pandemic, emergence of new variants, development, availability distribution

effectiveness of vaccines and treatments, imposition of protective public safety measures, impact of pandemic on
 global economy demand for consumer products and services. Additional future impacts on Company may include
 material adverse effects on demand for Company’s products and services, Company’s supply chain sales
 distribution channels, Company’s ability to execute strategic plans, Company’s profitability and cost structure.
 To the


fixed payments on the Company’s operating
leases were $1.9 billion , $1.7 billion  and $1.5 billion  for 2022 , 2021  and 2020 , respectively. Lease costs associated with variable
payments on the Company’s leases were $14.9 billion , $12.9 billion  and $9.3 billion  for 2022 , 2021  and 2020 , respectively.
The Company made $1.8 billion , $1.4 billion  and $1.5 billion  of fixed cash payments related to operating leases in 2022 , 2021

and 2020 , respectively. Noncash activities involving right-of-use (“ROU”) assets obtained in exchange for lease liabilities were
$2.8 billion  for 2022 , $3.3 billion  for 2021  and $10.5 billion  for 2020 , including the impact of adopting the Financial Accounting
Standards Board

fixed payments on Company’s operating
 leases were $1. 9 billion $1. 7 billion $1. 5 billion for 2022 2021 2020 . Lease costs associated with variable
 payments were $14. 9 billion  $12. 9 billion $9. 3 billion for 2022 2021 2020.
 Company made $1. 8 billion  $1. 4 billion $1. 5 billion of fixed cash payments operating leases in 2022 2021
 2020 . Noncash activities involving right-of-use (“ROU”) assets exchange for lease liabilities were

$2. 8 billion for 2022  $3. 3 billion for 2021 $10. 5 billion for 2020 including impact of adopting Financial Accounting
 Standards Board


claims that may arise.
Investment in new business strategies and acquisitions could disrupt the Company’s ongoing business, present risks not
originally contemplated and materially adversely affect the Company’s business, reputation, results of operations and
financial condition.
The Company has invested, and in the future may invest, in new business strategies or acquisitions. 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 capital, potential impairment of tangible and intangible assets, and significant write-

offs. Investment and acquisition transactions are exposed to additional risks, including failing to obtain required regulatory
approvals on a timely basis or at all, or the imposition of onerous conditions that could delay or prevent the Company from
completing a transaction or otherwise limit

claims may arise.
 Investment in new business strategies acquisitions could disrupt Company’s ongoing business present risks not
 originally contemplated adversely affect Company’s business, reputation results of operations
 financial condition.
 Company has invested, future may invest, in new business strategies acquisitions. endeavors may
 involve significant risks uncertainties including distraction of management from current operations, greater-than-expected

liabilities expenses economic, political legal regulatory challenges with operating in new businesses
 regions countries inadequate return on capital potential impairment of tangible intangible assets significant write-
 offs. Investment acquisition transactions exposed to additional risks, including failing to obtain required regulatory
 approvals timely basis or imposition of onerous conditions that could delay or prevent Company from
 completing transaction or limit


Plans or
ProgramsApproximate
Dollar Value of
Shares That May
Yet Be Purchased
Under the Plans
or Programs (1)
June 26, 2022 to July 30, 2022:
Open market and privately negotiated purchases  41,690 $ 145.91  41,690
July 31, 2022 to August 27, 2022:
Open market and privately negotiated purchases  54,669 $ 168.29  54,669
August 28, 2022 to September 24, 2022:
Open market and privately negotiated purchases  63,813 $ 155.59  63,813
Total  160,172 $ 60,665

Total  160,172 $ 60,665
(1) As of  September 24, 2022 , the Company was authorized by the Board of Directors to purchase up to $405 billion  of the
Company’s common stock under a share repurchase program most recently announced on April 28, 2022 (the

Plans
 ProgramsApproximate
 Dollar Value
 Shares
 Be Purchased
 Under Plans
 Programs
 June 26, 2022 to July 30, 2022
 Open market privately negotiated purchases 41,690 $ 145. 91 41
 July 31, 2022 to August 27, 2022:
 Open market privately negotiated purchases 54,669 $ 168. 29 54
 August 28, 2022 to September 24, 2022:
 Open market privately negotiated purchases 63,813 $ 155. 59 63,813
 Total 160,172 $ 60,665
 (1) September 24, 2022 Company authorized Board of Directors to purchase $405 billion

Company’s common stock under share repurchase program announced April 28, 2022


.100% Notes due 2062.8-K 4.1 8/8/22Incorporated by Reference
Exhibit
Number Exhibit Description Form ExhibitFiling Date/
Period End
Date
Apple Inc. | 2022  Form 10-K | 56

. 100% Notes 2062. 8-K 4. 1 8/8/22Incorporated Reference
 Exhibit
 Number Description Form Date
 Period End
 Date
 Apple Inc. 2022 Form 10-K 56


2022.
2014 Employee Stock Plan
The Apple Inc. 2014 Employee Stock Plan (the “2014 Plan”) is a shareholder-approved plan that provided for broad-based equity
grants to employees, including executive officers. The 2014 Plan permitted the granting of substantially the same types of equity
awards with substantially the same terms as the 2022 Plan. The 2014 Plan also permitted the granting of cash bonus awards. In

the third quarter of 2022, the Company terminated the authority to grant new awards under the 2014 Plan.
Apple Inc. | 2022  Form 10-K | 46

2022.
 2014 Employee Stock Plan
 Apple Inc. 2014 Employee Stock Plan (the “2014 Plan”) is shareholder-approved plan provided for broad-based equity
 grants to employees, including executive officers. 2014 Plan permitted same types of equity
 awards with same terms as 2022 Plan. 2014 Plan also permitted granting cash bonus awards.
 third quarter of 2022, Company terminated authority to grant new awards under 2014 Plan.
 Apple Inc. | 2022 Form 10-K| 46


’s operations. Such restrictions can
be announced with little or no advance notice and the Company may not be able to effectively mitigate all adverse impacts from
such measures. If disputes and conflicts further escalate in the future, actions by governments in response could be significantly
more severe and restrictive and could materially adversely affect the Company’s business. Political uncertainty surrounding trade

and other international disputes could also have a negative effect on consumer confidence and spending, which could adversely
affect the Company’s business.
Many of the Company’s operations and facilities, as well as critical business operations of the Company’s suppliers and contract
manufacturers, are in locations that are prone to earthquakes and other natural disasters. In addition, such operations and

facilities are subject to the risk of interruption by fire, power shortages, nuclear power plant accidents and other industrial
accidents, terrorist attacks and other hostile acts, ransomware and other cybersecurity attacks, labor disputes, public health
issues, including pandemics such as the COVID-19 pandemic, and other events beyond the Company’s control. Global climate
change is resulting in certain types of natural disasters occurring more frequently or with more intense effects. Such events can

make it difficult or impossible for the Company to manufacture and deliver products to its customers, create delays and
inefficiencies in the Company’s supply and manufacturing chain, and result in slowdowns and outages to the Company’s service
offerings. Following an interruption to its business, the Company can require substantial recovery time, experience significant
expenditures to resume operations, and lose significant sales. Because the Company relies on single or limited sources for the

supply and manufacture of many critical components, a business interruption affecting such sources would exacerbate any
negative consequences to the Company.
Apple Inc. | 2022  Form 10-K | 6

’s operations. restrictions can
 be announced with little or no advance notice Company may not be to mitigate all adverse impacts from
 measures. If disputes conflicts escalate future, actions by governments in response could be significantly
 more severe restrictive could adversely affect Company’s business. Political uncertainty surrounding trade
 and other international disputes could have negative effect on consumer confidence and spending, could adversely
 affect Company’s business.

affect Company’s business.
 Many Company’s operations and facilities, critical business operations of Company’s suppliers contract
 manufacturers, are in locations prone to earthquakes other natural disasters. such operations
 facilities subject to risk of interruption by fire, power shortages nuclear power plant accidents other industrial
 accidents terrorist attacks hostile acts ransomware cybersecurity attacks labor disputes public health

issues, including pandemics COVID-19 pandemic, other events beyond Company’s control. Global climate
 change resulting in certain natural disasters occurring more frequently with intense effects. Such events can
 make it difficult or impossible for Company to manufacture deliver products to customers, create delays
 inefficiencies in Company’s supply and manufacturing chain, result in slowdowns outages to Company’s service

offerings. Following interruption to business, Company can require substantial recovery time, experience significant
 expenditures to resume operations, lose significant sales. Company relies on single or limited sources for
 supply and manufacture of many critical components, business interruption affecting such sources would exacerbate
 negative consequences to Company.
 Apple Inc. | 2022 Form 10-K | 6


of the fourth quarter of 2021.
Mac
Mac net sales increased during 2022  compared to 2021  due primarily to higher net sales of laptops.
iPad
iPad net sales decreased during 2022  compared to 2021  due primarily to lower net sales of iPad Pro.
Wearables, Home and Accessories
Wearables, Home and Accessories net sales increased during 2022  compared to 2021  due primarily to higher net sales of Apple
Watch and AirPods.
Services

Watch and AirPods.
Services
Services net sales increased during 2022  compared to 2021  due primarily to higher net sales from advertising, cloud services
and the App Store.
Apple Inc. | 2022  Form 10-K | 21

fourth quarter of 2021.
 Mac
 Mac net sales increased 2022 compared 2021 due to higher net sales of laptops.
 iPad
 iPad net sales decreased 2022 2021 due to lower net sales of iPad Pro.
 Wearables, Home and Accessories
 Wearables Home Accessories net sales increased 2022 2021 due to higher net sales of Apple
 Watch AirPods.
 Services
 Services net sales increased 2022 2021 due to higher net sales from advertising cloud services
 App Store.
 Apple Inc. | 2022 Form 10-K| 21


0.000% 2025 Notes, the 0.875% 2025 Notes, the 2026
Notes, the 2027 Notes, the 1.375% 2029 Notes and the 2031 Notes, the term “U.S. government obligations” shall
instead mean (x) any security that is (i) a direct obligation of the German government or (ii) an obligation of a person
controlled or supervised by and acting as an agency or instrumentality of the German government the payment of
which is fully and unconditionally guaranteed by the German government or the central bank of the German

government, which, in either case (x)(i) or (ii), is not callable or redeemable at the option of the issuer thereof, and (y)
13

0. 000% 2025 Notes, 0. 875% 2025 Notes, 2026
 Notes, 2027 Notes, 1. 375% 2029 Notes and 2031 Notes, term “U. S. government obligations” shall
 instead mean (x) any security (i) direct obligation of German government or (ii) obligation of person
 controlled or supervised by and acting as agency or instrumentality of German government payment of
 fully unconditionally guaranteed by German government or central bank of German

government, in either case (x)(i) or (ii), not callable or redeemable at option of issuer, and (y)
 13


increasing regulation, government investigations, legal actions and penalties.
From time to time, the Company has made changes to its App Store, including actions taken in response to competition, market
and legal conditions. The Company may make further business changes in the future. New legislative initiatives, such as the EU
Digital Markets Act, or similar laws in other jurisdictions, could require further changes. These changes could include how and to

what extent the Company charges developers for access to its platforms and manages distribution of apps outside of the App
Store.
The Company is also currently 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 business, results of operations and financial condition. For example, the Company is the subject of

investigations in Europe and other jurisdictions relating to App Store terms and conditions. If such investigations result in adverse
findings against the Company, the Company could be exposed to significant fines and may be required to make changes to its
App Store business, all of which could materially adversely affect the Company’s business, results of operations and financial

condition. The Company is also subject to litigation relating to the App Store, which has resulted in changes to the Company’s
business practices, and may in the future result in further changes.
Further, the Company has commercial relationships with other companies in the technology industry that are or may become
subject to investigations and litigation that, if resolved against those other companies, could materially adversely affect the

Company’s commercial relationships with those business partners and materially adversely affect the Company’s business,
results of operations and financial condition. For example, the Company earns revenue from licensing arrangements with other
companies to offer their search services on the Company’s platforms and apps, and certain of these arrangements are currently
subject to government investigations and legal proceedings.
Apple Inc. | 2022  Form 10-K | 14

increasing regulation, government investigations, legal actions penalties.
 From time to Company has made changes to its App Store, including actions in response to competition, market
 legal conditions. Company may make further business changes in future. New legislative initiatives, EU
 Digital Markets Act, or similar laws in other jurisdictions, could require further changes. These changes could include how to

extent Company charges developers for access to platforms manages distribution of apps outside App
 Store.
 Company currently subject to antitrust investigations in various jurisdictions, can result in
 legal proceedings claims against Company could individually or, have materially adverse impact
 on Company’s business, results of operations financial condition. For example Company subject of

investigations in Europe other jurisdictions relating to App Store terms and conditions. If investigations result in adverse
 findings against Company, Company could be exposed to significant fines may be required to make changes to
 App Store business, all could materially adversely affect Company’s business, results of operations financial
 condition. Company subject to litigation relating to App Store, resulted in changes to Company’s
 business practices, may in future result in further changes.

Company has commercial relationships with other companies in technology industry or may become
 subject to investigations and litigation if resolved against other companies, could materially adversely affect
 Company’s commercial relationships with business partners adversely affect Company’s business,
 results of operations financial condition. For example, Company earns revenue from licensing arrangements with other

companies to offer search services on Company’s platforms and apps, certain these arrangements currently
 subject to government investigations legal proceedings.
 Apple Inc. | 2022 Form 10-K | 14


, which generally occurs when the product is shipped. Revenue allocated to the
product-related bundled services and unspecified software upgrade rights is deferred and recognized on a straight-line basis
over the estimated period they are expected to be provided. Cost of sales related to delivered hardware and bundled software,
including estimated warranty costs, are recognized at the time of sale. Costs incurred to provide product-related bundled

services and unspecified software upgrade rights are recognized as cost of sales as incurred.
For certain long-term service arrangements, the Company has performance obligations for services it has not yet delivered. For
these arrangements, the Company does not have a right to bill for the undelivered services. The Company has determined that
any unbilled consideration relates entirely to the value of the undelivered services. Accordingly, the Company has not recognized

revenue, and does not disclose amounts, related to these undelivered services.
Apple Inc. | 2022

, generally occurs when product shipped. Revenue allocated to
 product-related bundled services unspecified software upgrade rights deferred recognized straight-line basis
 over estimated period expected to be provided. Cost of sales related to delivered hardware bundled software,
 including estimated warranty costs recognized at time of sale. Costs incurred to provide product-related bundled
 services and unspecified software upgrade rights recognized as cost of sales as incurred.

For certain long-term service arrangements Company has performance obligations for services not yet delivered. For
 arrangements Company not have right to bill for undelivered services. Company determined
 any unbilled consideration relates entirely to value of undelivered services. Company not recognized
 revenue, does not disclose amounts, related to these undelivered services.
 Apple Inc. | 2022


other than quoted prices in active markets for identical assets
and liabilities, quoted prices for identical or similar assets or liabilities in inactive markets, or other inputs that are observable
or can be corroborated by observable market data for substantially the full term of the assets or liabilities.
(3) As of September  24, 2022  and September  25, 2021 , total marketable securities included $12.7 billion  and $17.9 billion ,

respectively, that were restricted from general use, related to the State Aid Decision (refer to Note 5, “Income Taxes”) and
other agreements.
Apple Inc. | 2022  Form 10-K | 38

quoted prices in active markets for identical assets
 liabilities, quoted prices for identical similar assets liabilities in inactive markets or other inputs observable
 corroborated by observable market data for full term of assets liabilities.
 (3) As of September 24, 2022 and September 25, 2021, total marketable securities included $12. 7 billion and $17. 9 billion
 restricted from general use related to State Aid Decision Note 5, “Income Taxes”)
 other agreements.
 Apple Inc. | 2022 Form 10-K | 38


Proceedings
Epic Games
Epic Games, Inc. (“Epic”) filed a lawsuit in the U.S. District Court for the Northern District of California (the “Northern California
District Court”) against the Company alleging violations of federal and state antitrust laws and California’s unfair competition law
based upon the Company’s operation of its App Store. The Company filed a counterclaim for breach of contract. On September

10, 2021, the Northern California District Court ruled in favor of the Company with respect to nine out of the ten counts included
in Epic’s claim, and in favor of the Company with respect to the Company’s claims for breach of contract. The Northern California
District Court found that certain provisions of the Company’s App Store Review Guidelines violate California’s unfair competition

law and issued an injunction. Epic appealed the decision. The Company filed a cross-appeal and has been granted a stay
pending the appeal.
Other Legal Proceedings
The Company is subject to other legal proceedings and claims that have not been fully resolved and that have arisen in the
ordinary course of business. The Company settled certain matters during the fourth  quarter of 2022  that did not individually or in

the aggregate have a material impact on the Company’s financial condition or operating results. The outcome of litigation is
inherently uncertain. If one or more legal matters were resolved against the Company 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.
Item 4. Mine Safety Disclosures
Not applicable.
Apple Inc. | 2022  Form 10-K | 17

Proceedings
 Epic Games
 Epic Games, Inc. (“Epic”) filed a lawsuit in U. S. District Court for Northern District of California (the “Northern California
 District Court”) against Company alleging violations of federal state antitrust laws California’s unfair competition law
 based upon Company’s operation of App Store. Company filed counterclaim for breach of contract. September
 10, 2021, Northern California District Court ruled in favor of Company with nine out of ten counts included

in Epic’s claim, in favor of Company Company’s claims for breach of contract. Northern California
 District Court found provisions Company’s App Store Review Guidelines violate California’s unfair competition
 law issued injunction. Epic appealed decision. Company filed cross-appeal granted a stay
 pending appeal.
 Other Legal Proceedings
 Company subject to other legal proceedings and claims not fully resolved arisen in

ordinary course of business. Company settled certain matters during fourth quarter of 2022 not individually or
 material impact on Company’s financial condition or operating results. outcome of litigation
 inherently uncertain. If one or more legal matters resolved against Company in reporting period for amounts above
 management’s expectations, Company’s financial condition and operating results for reporting period could be materially
 adversely affected.
 Item 4. Mine Safety Disclosures


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.
Date: October 27, 2022 Apple Inc.
By: /s/ Luca Maestri
Luca Maestri
Senior Vice President,
Chief Financial Officer
Power of Attorney
KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature appears below constitutes and appoints

Timothy D. Cook and Luca Maestri, jointly and severally, his or her attorneys-in-fact, each with the power of substitution, for him
or her in any and all capacities, to sign any amendments to this Annual Report on Form 10-K, and to file the same, with exhibits
thereto and other documents in connection therewith, with the Securities and Exchange Commission, hereby ratifying and

confirming all that each of said attorneys-in-fact, or his substitute or substitutes, may do or cause to be done by virtue hereof.
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/    Timothy D. CookChief Executive Officer and Director
(Principal Executive Officer)October 27, 2022
TIMOTHY D. COOK

TIMOTHY D. COOK
/s/    Luca MaestriSenior Vice President, Chief Financial Officer
(Principal Financial Officer)October 27, 2022
LUCA MAESTRI
/s/    Chris KondoSenior Director of Corporate Accounting
(Principal Accounting Officer)October 27, 2022
CHRIS KONDO
/s/    James A. Bell DirectorOctober 27, 2022
JAMES A. BELL
/s/    Al Gore DirectorOctober 27, 2022
AL GORE
/s/    Alex Gorsky DirectorOctober 27, 2022
ALEX GORSKY
/s/    Andrea Jung DirectorOctober 27, 2022
ANDREA JUNG

ANDREA JUNG
/s/    Arthur D. Levinson Director and Chair of the BoardOctober 27, 2022
ARTHUR D. LEVINSON
/s/    Monica Lozano DirectorOctober 27, 2022
MONICA LOZANO
/s/    Ronald D. Sugar DirectorOctober 27, 2022
RONALD D. SUGAR
/s/    Susan L. Wagner DirectorOctober 27, 2022
SUSAN L. WAGNER
Apple Inc. | 2022  Form 10-K | 58

SIGNATURES
 Pursuant requirements of Section 13 or 15(d) Securities Exchange Act of 1934, Registrant caused this
 report to be signed by undersigned authorized.
 Date: October 27, 2022 Apple Inc.
 By: /s/ Luca Maestri
 Luca Maestri
 Senior Vice President,
 Chief Financial Officer
 Power of Attorney
 KNOW ALL PERSONS PRESENTS each person signature appears below constitutes appoints
 Timothy D. Cook and Luca Maestri, jointly attorneys-in-fact, each with power of substitution for

capacities to sign amendments to Annual Report on Form 10-K to file same with exhibits
 other documents connection with Securities and Exchange Commission ratifying
 confirming all each attorneys-in-fact or substitute substitutes may do cause done virtue.
 Pursuant requirements Securities Exchange Act of 1934 report signed below by following persons
 on behalf of Registrant in capacities dates indicated:
 Name Title Date
 /s/ Timothy D. CookChief Executive Officer and Director

(Principal Executive Officer)October 27, 2022
 TIMOTHY D. COOK
 /s/ Luca MaestriSenior Vice President, Chief Financial Officer
 (Principal Financial Officer)October 27, 2022
 LUCA MAESTRI
 /s/ Chris KondoSenior Director of Corporate Accounting
 (Principal Accounting Officer)October 27, 2022
 CHRIS KONDO
 /s/ James A. Bell DirectorOctober 27, 2022
 JAMES A. BELL
 /s/ Al Gore DirectorOctober 27, 2022
 AL GORE
 /s/ Alex Gorsky DirectorOctober 27, 2022
 ALEX GORSKY
 /s/ Andrea Jung DirectorOctober 27, 2022

/s/ Andrea Jung DirectorOctober 27, 2022
 ANDREA JUNG
 /s/ Arthur D. Levinson Director and Chair of the BoardOctober 27, 2022
 ARTHUR D. LEVINSON
Monica Lozano DirectorOctober 27, 2022
 Ronald D. Sugar DirectorOctober 27, 2022
 RONALD D. SUGAR
 Susan L. Wagner DirectorOctober 27, 2022
 SUSAN L. WAGNER
 Apple Inc. 2022 Form 10-K 58


Exhibit 31.2
CERTIFICATION
I, Luca Maestri, certify that:
1.I have reviewed this annual report on Form 10-K of Apple Inc.;
2.Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact
necessary to make the statements made, in light of the circumstances under which such statements were made, not
misleading with respect to the period covered by this report;

3.Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all
material respects the financial condition, results of operations and cash flows of the Registrant as of, and for, the periods
presented in this report;
4.The Registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and

procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as
defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the Registrant and have:
(a)Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be
designed under our supervision, to ensure that material information relating to the Registrant, including its

consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in
which this report is being prepared;
(b)Designed such internal control over financial reporting, or caused such internal control over financial reporting
to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial
reporting and the preparation of financial statements for external purposes in accordance with generally

accepted accounting principles;
(c)Evaluated the effectiveness of the Registrant’s disclosure controls and procedures and presented in this report
our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period
covered by this report based on such evaluation; and
(d)Disclosed in this report any change in the Registrant’s internal control over financial reporting that occurred

during the Registrant’s most recent fiscal quarter (the Registrant’s fourth fiscal quarter in the case of an annual
report) that has materially affected, or is reasonably likely to materially affect, the Registrant’s internal control
over financial reporting; and
5.The Registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over

financial reporting, to the Registrant’s auditors and the audit committee of the Registrant’s board of directors (or persons
performing the equivalent functions

Exhibit 31. 2
 CERTIFICATION
 I, Luca Maestri, certify:
 1. I reviewed this annual report on Form 10-K of Apple Inc. ;
 2. knowledge this report not contain any untrue statement of material fact or omit to state material fact
 necessary to make statements made, in circumstances statements made, not
 misleading with respect to period covered by this report;
 3. knowledge financial statements, and other financial information included in this report, present in

material respects financial condition, results of operations and cash flows of Registrant as of for periods
 presented in this report;
 4. Registrant’s other certifying officer(s) and I responsible for establishing maintaining disclosure controls and
 procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as
 defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for Registrant and have:

(a)Designed such disclosure controls and procedures, or caused disclosure
 our supervision to ensure material information relating to Registrant including its
 consolidated subsidiaries, is made known to us by others within entities particularly during period in
 this report is being prepared;
 (b)Designed internal control over financial reporting caused
 under supervision to provide reasonable assurance regarding reliability of financial

reporting preparation of financial statements for external purposes in accordance with generally
 accepted accounting principles;
 (c)Evaluated effectiveness of Registrant’s disclosure controls and procedures presented in report
 our conclusions about effectiveness of disclosure controls and procedures, as of end of period
 covered by this report based on evaluation;
 (d)Disclosed in report any change in Registrant’s internal control over financial reporting occurred

during Registrant’s recent fiscal quarter (the Registrant’s fourth fiscal quarter in annual
 report) materially affected, or likely to affect, Registrant’s internal control
 over financial reporting; and
 5. Registrant’s other certifying officer(s) and I disclosed, based on our recent evaluation of internal control over
 financial reporting, to Registrant’s auditors and audit committee of Registrant’s board of directors (or persons
 performing equivalent functions


the maturity date of the 0.875% 2025 Notes), (iii) with respect to the 1.375% 2029 Notes, February
24, 2029 (three months prior to the maturity date of 1.375% 2029 Notes) and (iv) with respect to the 2031 Notes,
August 15, 2031 (three months prior to the maturity of the 2031 Notes).
7

maturity date of 0. 875% 2025 Notes), (iii) respect 1. 375% 2029 Notes, February
 24, 2029 (three months prior to maturity date 1. 375% 2029 Notes) (iv) respect 2031 Notes,
 August 15, 2031 (three months prior to maturity 2031 Notes).
 7


reporting and the preparation of financial statements in
accordance with GAAP. The Company’s independent registered public accounting firm, Ernst & Young LLP, has issued an audit
report on the Company’s internal control over financial reporting, which appears in Part II, Item 8 of this Form 10-K.
Changes in Internal Control over Financial Reporting
There were no changes in the Company’s internal control over financial reporting during the fourth quarter of 2022 , which were

identified in connection with management’s evaluation required by paragraph (d) of Rules 13a-15 and 15d-15 under the
Exchange Act, that have materially affected, or are reasonably likely to materially affect, the Company’s internal control over
financial reporting.
Apple Inc. | 2022  Form 10-K | 53

reporting preparation of financial statements
 with GAAP. Company’s independent public accounting firm, Ernst & Young LLP, issued audit
 report on Company’s internal control over financial reporting appears in Part II, Item 8 of Form 10-K.
 Changes in Internal Control over Financial Reporting
 no changes in Company’s internal control over financial reporting during fourth quarter of 2022,
 identified with management’s evaluation required by paragraph (d) of Rules 13a-15 and 15d-15 under

Exchange Act materially affected, or likely to affect Company’s internal control over
 financial reporting.
 Apple Inc. | 2022 Form 10-K | 53


(2) in the case of the 2013 Indenture, the holders of not less than 25% of the aggregate principal amount of
the outstanding debt securities of such series, and in the case of the 2018 Indenture, the holders of not
less than 33% of the aggregate principal amount of the outstanding debt securities of such series have
requested the trustee to institute proceedings in respect of such event of default;
(3) the trustee has been offered indemnity reasonably satisfactory to it against its costs, expenses and

liabilities in complying with such request;
(4) the trustee has failed to institute proceedings 60 days after the receipt of such notice, request and offer
of indemnity; and
(5) no direction inconsistent with such written request has been given for 60 days by the holders of a
majority in aggregate principal amount of the outstanding debt securities of such series.
The holders of a majority in aggregate principal amount of outstanding debt securities

(2) in case 2013 Indenture, holders of not less than 25% of aggregate principal amount of
 outstanding debt securities of such series, and in case 2018 Indenture, holders of not
 less than 33% of aggregate principal amount of outstanding debt securities such series
 requested trustee to institute proceedings in respect of event of default;
 (3) trustee offered indemnity reasonably satisfactory to against costs, expenses
 liabilities in complying with request;

liabilities in complying with request;
 (4) trustee failed to institute proceedings 60 days after receipt of notice, request and offer
 of indemnity;
 (5) no direction inconsistent with written request given for 60 days by holders of
 majority in aggregate principal amount of outstanding debt securities such series.
 holders of majority in aggregate principal amount of outstanding debt securities


PART IV
Item 15. Exhibit and Financial Statement Schedules
(a)Documents filed as part of this report
(1)All financial statements
Index to Consolidated Financial Statements Page
Consolidated Statements of Operations for the years ended September 24, 2022, September 25, 2021 and
September 26, 2020 29
Consolidated Statements of Comprehensive Income for the years ended September 24, 2022, September 25,
2021 and September 26, 2020 30

2021 and September 26, 2020 30
Consolidated Balance Sheets as of September 24, 2022 and September 25, 2021 31
Consolidated Statements of Shareholders’ Equity for the years ended September 24, 2022, September 25, 2021
and September 26, 2020 32
Consolidated Statements of Cash Flows for the years ended September 24, 2022, September 25, 2021 and
September 26, 2020 33
Notes to Consolidated Financial Statements 34
Reports of Independent Registered Public Accounting Firm* 50

IV
 Item 15. Exhibit Financial Statement Schedules
)Documents filed report
 financial statements
 Index Consolidated Financial Statements Page
 Consolidated Statements Operations years ended September 24, 2022 September 25, 2021
 September 26, 2020 29
 Consolidated Statements Comprehensive Income years ended September 24, 2022 September 25
 2021 September 26, 2020 30
 Consolidated Balance Sheets September 24, 2022 September 25, 2021 31

Consolidated Statements Shareholders’ Equity years ended September 24, 2022 September 25, 2021
 September 26, 2020 32
 Consolidated Statements Cash Flows years ended September 24, 2022 September 25, 2021
 September 26, 2020 33
 Notes Consolidated Financial Statements 34
 Reports Independent Registered Public Accounting Firm* 50


® is the Company’s line of smartphones based on its iOS operating system. The iPhone line includes iPhone 14 Pro,
iPhone 14, iPhone 13, iPhone SE®, iPhone 12 and iPhone 11.
Mac
Mac® is the Company’s line of personal computers based on its macOS® operating system. The Mac line includes laptops
MacBook Air® and MacBook Pro®, as well as desktops iMac®, Mac mini®, Mac Studio™ and Mac Pro®.
iPad

iPad
iPad® is the Company’s line of multipurpose tablets based on its iPadOS® operating system. The iPad line includes iPad Pro®,
iPad Air®, iPad and iPad mini®.
Wearables, Home and Accessories
Wearables, Home and Accessories includes:
•AirPods®, the Company’s wireless headphones, including AirPods, AirPods Pro® and AirPods Max™;
•Apple TV®, the Company’s media streaming and gaming device based on its tvOS® operating system, including Apple
TV 4K and Apple TV HD;

TV 4K and Apple TV HD;
•Apple Watch®, the Company’s line of smartwatches based on its watchOS® operating system, including Apple Watch
Ultra ™, Apple Watch Series 8 and Apple Watch SE®; and
•Beats® products, HomePod mini® and accessories.
Apple Inc. | 2022  Form 10-K | 1

® Company’s line of smartphones iOS operating system. iPhone line includes iPhone 14 Pro,
 iPhone 14 iPhone 13, iPhone SE® iPhone 12 iPhone 11.
 Mac
 Mac® is Company’s line of personal computers macOS® operating system. Mac line includes laptops
 MacBook Air® MacBook Pro® desktops iMac® Mac mini® Mac StudioTM Mac Pro®.
 iPad
 iPad® Company’s line of multipurpose tablets iPadOS® operating system. iPad line includes iPad Pro®
 iPad Air® iPad iPad mini®.
 Wearables, Home and Accessories

Wearables, Home and Accessories
 Wearables, Home Accessories includes:
 •AirPods®, Company’s wireless headphones including AirPods, AirPods Pro® AirPods MaxTM;
 •Apple TV®, Company’s media streaming gaming device tvOS® operating system including Apple
 TV 4K Apple TV HD;
 •Apple Watch®, Company’s line of smartwatches watchOS® operating system including Apple Watch
 Ultra TM Apple Watch Series 8 Apple Watch SE®;
 •Beats® products HomePod mini® accessories.
 Apple Inc. | 2022 Form 10-K| 1


We issued €1,400,000,000 aggregate principal amount of the 2026 Notes on November 10, 2014. The
maturity date of the 2026 Notes is November 10, 2026, and interest at a rate of 1.625% per annum is paid annually
on November 10 of each year, beginning on November 10, 2015, and on the maturity date. As of October 14, 2022 ,
€1,400,000,000  aggregate principal amount of the 2026 Notes was outstanding.
3

issued €1,400,000,000 aggregate principal amount 2026 Notes November 10, 2014.
 maturity date 2026 Notes is November 10, 2026, interest at rate of 1. 625% per annum paid annually
 on November 10 of each year beginning November 10, 2015, maturity date. As of October 14, 2022 ,
 €1,400,000,000 aggregate principal amount 2026 Notes outstanding.
 3