Apple.
 sales 316,199,392 220
 Services 78,129 68,425 53,768
,328 365,817 274,515
 201,471 192,266
 22,075 20,715 18,273
 223,546 212,981 169,559
 margin 170,782 152,836
 expenses Research development 26,251 21,914 18
 25,094 21,973
 51,345 43,887 38,668
 income 119,437 108,949 66,288
 119,103 109,207 67,091
 99,803 94,680
.
.
 16,215,963 16,701,272 17,352
 Financial Statements.
.


 losses claims.
 laws
 liabilities costs adverse effects.
 operations antitrust
 privacy consumer protection advertising sales billing e financial
 liability property digital platforms
 media third-party
 labor employment anticorruption import export trade foreign exchange cash
 anti–money laundering foreign ownership investment tax health safety


operations risks industrial accidents suppliers contract manufacturers.
 suppliers maintain safe environments industrial accident
 injuries disruption business harm reputation.
 public health issues COVID-19
 Company impact global economy demand consumer products
 public safety measures travel freight
 disruptions supply chain sales
 channels interruptions delays production new.


election consent vacancy
 removal requires consent majority outstanding shares.
 amendment Bylaws Articles adopted by majority
 shares. amendment fixed directors
 maximum minimum board adopted by
 shareholders amendment
 directors less than five if votes against equal
 16 2/3% shares. Exhibit 4. 1


August 2020
. 550% 2025. 25%
 2030. 400% 2050. 550% 2060.
. Certificate February 8 2021
. 700% 2026. 200%
 2028. 650% 2031. 375% 2041. 650%
 2051. 800% 2061.
. Certificate August 5 2021


consumers businesses.
 competitors aggressive pricing low cost
 products intellectual property.
 products services technologies. designs develops
 hardware services.
 competitive factors price features
 performance quality reliability design innovation third-party software
 accessories marketing distribution service support corporate reputation.
 Apple Inc. 2022 Form 10-K


•modify provisions Indenture waiver defaults
 covenants increase percentage vote
 provide other provisions without
 consent holder Notes
 change right convert exchange debt security
 rate increases conversion price
 unless permitted by terms
 •modify provisions.
 trustee without consent holders modify amend terms Indentures
 series Notes
 add covenants benefit holders Notes


patent coverage rapid issuance new
 Company’s products services infringe patents intellectual property rights.
 Company notified patents rights third parties.
 believes licenses third-party intellectual property
 obtained reasonable terms. no licenses
. Failure-party intellectual property
 preclude selling products
 business financial condition.
 Apple Inc. 2022 Form 10-K


 Plan September 26, 2017. 9/30/17
. Restricted Stock Award Non-Employee Director
 February 13, 2018. 3/31/18
. Award
 August 21, 2018./29/18
. Performance Award
 August 21, 2018./29/18
. Award
 September 29, 2019./28/19
. Performance Award


hedge. Changes fair value
 recognized OCI.
 Gains losses derivative instruments
 recognized Consolidated Statements Operations.
 Company presents assets liabilities fair values Balance Sheets.
 cash flows derivative instruments operating activities
.
 money funds equity securities based quoted prices
 identical assets. valuation techniques debt instruments
 financial instruments


Directors
 Chair Chief Executive Officer holders
 cast (10%) votes record date
 Bylaws satisfy.
 California corporation subject Section 1203
 California General Corporation Law fairness opinion shareholders
 reorganization transaction.
 Common Stock Nasdaq Stock Market
 “AAPL.


“future. statements not guarantees performance results differ. Factors differences include Part I Item 1A Form 10-K “Risk Factors. Company no obligation revise update statements except required law. information based fiscal calendar references years quarters months periods refer September. “Company” “Apple” Apple Inc. subsidiaries. I Item 1. Company designs manufactures markets smartphones personal computers tablets wearables accessories sells services. fiscal year 52- or 53-week ends last Saturday September. iPhone smartphones iOS. Pro 13, SE 12 11. Mac personal computers macOS. laptops Air Pro desktops iMac Mac mini StudioTM Pro. iPad tablets iPadOS. Pro Air mini.Wearables Home Accessories AirPods  wireless headphones Pro MaxTM Apple TV  media streaming gaming device 4K HD Apple Watch  smartwatches 8 SE Beats HomePod mini accessories. Apple Inc. 2022 Form 10-K Services Advertising third-party licensing advertising platforms. AppleCare fee-based service support products. priority Apple technical support global Apple service network repair replacement additional coverage accidental damage theft loss. Cloud Services content up-to-date Apple devices Windows computers. Digital Content platforms App Store applications digital content. subscription-based services Apple Arcade Apple Fitness+ Apple Music Apple News+ Apple TV+ live sports. Payment Services Apple Card Apple Pay  cashless. Markets Distribution customers consumer small mid-sized business education enterprise government markets.Company sells third-party consumers businesses education enterprise government retail online stores direct sales force. employs indirect distribution channels carriers wholesalers retailers resellers. 2022 net sales 38% 62% total net sales. markets products competitive aggressive price competition pressure gross margins new short life cycles evolving standards rapid technological advancements price. competitors aggressive pricing low cost structures intellectual property. innovative new products services technologies. designs develops hardware software services. competitive factors price features performance quality reliability design innovation third software accessories ecosystem marketing distribution capability service support corporate reputation. Apple. expanding market opportunities smartphones computers tablets wearables accessories services. competition resources hardware software large customer bases.competitors have broader lines lower-priced larger devices. Competition intense cut prices lowered margins. competitors resources provide products little profit loss. services compete with free illegitimate. faces competition competitors imitate features applications solutions. Supply Components essential available from multiple certain single limited sources. competes for components with smartphones computers tablets wearables accessories. subject to shortage commodity pricing fluctuations. uses custom components new products utilize custom components one source. new technologies capacity constraints exist until suppliers’ yields manufacturing capacities increased. availability if suppliers common components. agreements for supply components no guarantee. hardware products manufactured by outsourcing partners in Asia some computers in U. S. Ireland.Research Development industries Company rapid technological advances depends flow competitive products services technologies marketplace. technologies enhance products services offerings research


10% sales 2022
. 24 25
. 147,859 133,803 109,197
 China 74,200 68,366 40,308
 172,269 163,648 125,010
 sales,328 365,817 274,515
-lived. 31,119 28,203
 China 7,260 7,521
 3,738


Exhibit 32.
 CERTIFICATIONS CHIEF EXECUTIVE OFFICER FINANCIAL OFFICER
 18 U. S. C. SECTION 1350
 906 SARBANES-OXLEY ACT 2002
. Cook 18. Section 1350
 Annual Report Apple. Form 10-K year September 24 2022
 13 Securities Exchange Act 1934
 financial condition results Apple.
 periods.
 October 27, 2022
 Timothy D. Cook
.
 18. Section 1350
-Oxley Act 2002 Annual Report Apple. Form 10-K September 24 2022
 13 Securities Exchange Act 1934
 financial condition results operations.
 periods.
 October 27, 2022
 Luca Maestri
 Financial Officer
 original statement Section 906 Apple.
. Securities Exchange Commission.


Apple.
 STATEMENTS 2020
 income $ 99,803 94,680 57,411
 foreign currency (1,511) 501
 gains instruments
 3,212
 (1,074) 1,003 (1,264)
 2,138 1,035
 securities
 (12,104) (694) 1,202
 205 (273)
 gains
 (11,899 (967) 1,139
 (11,272)
 income $ 88,531 $ 95,249 $ 57,453
 Financial Statements.
 Apple. 2022 Form 10-K


Company experiences malicious attacks unauthorized access.
 attacks compromise confidentiality disrupt
 business operations impair customers
 impact stock price damage relationships expose
 litigation investigations penalties fines judgments. attacks
 expected use tools
 circumvent controls avoid detection evidence
 identify investigate recover. attacks
 escalate during diplomatic armed conflict.
 malicious attacks affect
 Company greater risk high profile
 value confidential information.
 implemented systems secure systems prevent
 unauthorized access loss sensitive data
 encryption authentication technologies. security measures not sufficient
 vulnerable to hacking ransomware employee error malfeasance system error faulty
 password management irregularities. third parties can induce
 disclosing user names passwords sensitive information
 unauthorized access.
Company deploys multifactor authentication monitors services systems
 unusual activity accounts suspicious
 loss orders access products.
 maintains insurance coverage data security risks
 all losses claims.
 business strategies disrupt business risks
 affect business reputation
 financial condition.
 invested


35 % 19,593
 sales $ 394,328 8 % 365,817 33 % 274,515
 Americas
 sales increased 2022 higher iPhone Services Mac.
 Europe
 sales increased iPhone Services.
 weakness foreign currencies.
.
 Greater China
 sales increased iPhone Services.
 renminbi.
 Japan
 sales decreased


Income
 2022 2021 2020
 Interest dividend income 2,825 2,843 3,763
 expense (2,931) (2,645) (2,873
 (228)
 (334) 258 803
 decrease losses debt
 adjustments equity higher interest expense foreign exchange gains.


Company actions recommendations
 requirements authorities. COVID-19 pandemic operational
 financial performance uncertain factors timing
 trajectory duration new variants development
 vaccines treatments public safety measures impact
 global economy demand. future impacts include
 effects demand products services supply chain
 channels strategic plans profitability cost structure.


payments
 leases. billion 2022 2021 2020. costs
 $14. $12. billion.
 made $1. billion cash payments 2022 2021
. Noncash activities right-use assets
 $2. billion 2022 $3. 3 billion 2021 $10. 5 billion 2020 Financial Accounting
 Standards Board


.
 Investment strategies acquisitions disrupt business risks
 affect business reputation results
 financial condition.
 invested new strategies acquisitions.
 risks uncertainties distraction
 liabilities expenses economic political legal regulatory challenges
 inadequate return capital impairment assets write-
 offs. Investment transactions risks failing
 approvals onerous conditions delay


 Value
 Shares
 June 26, July 30
 purchases 41,690 $ 145.
 July August 27,
 54,669 $.
 September 24,
 63,813 $.
 160,172 $ 60,665
 24 authorized Board purchase $405 billion
 common stock repurchase program April 28, 2022


. 2062. 8/8/22Incorporated
 Apple. 2022 10-K 56


.
 2014 Employee Stock Plan
 Apple. shareholder-approved equity
 grants employees officers. equity
 terms. cash bonus awards.
 third quarter 2022 terminated authority grant awards.
 Apple. 2022 Form 10-K


operations. restrictions
 advance notice mitigate adverse impacts
. disputes escalate actions
 severe restrictive affect business. Political uncertainty trade
 international disputes consumer confidence spending
 business.
 operations facilities suppliers
 manufacturers prone to earthquakes natural disasters.
 risk interruption fire power shortages nuclear
 terrorist attacks ransomware cybersecurity attacks labor disputes public health
 pandemics events beyond control. Global climate
 change natural disasters.
 delays
 inefficiencies supply manufacturing chain slowdowns outages
. interruption recovery
 expenditures lose sales. relies on sources
 critical components interruption
 negative consequences.
 Apple Inc. 2022 Form 10-K


fourth quarter 2021.
 sales increased higher laptops.
 iPad
 decreased lower iPad Pro.
 Wearables Home Accessories
 higher Apple
 Watch AirPods.
 higher advertising cloud services
 App Store.
 Apple. 2022 Form 10-K


. 000% 2025 Notes. 875% 2025 2026
 2027 1. 375% 2029 2031 Notes. S. government
 security direct obligation German government
 German government payment
 guaranteed German government central bank
 not callable redeemable option issuer
 13


regulation government investigations legal actions penalties.
 Company changes App Store competition market
 legal conditions. may business changes. legislative initiatives EU
 Digital Markets Act laws jurisdictions require changes. changes include
 charges developers distribution apps outside
 Store.
 subject to antitrust investigations jurisdictions
 legal proceedings claims
 business operations financial condition. subject
 investigations Europe jurisdictions App Store terms conditions.
 fines changes
 App Store business business financial
. subject to App Store changes
 business practices may.
 commercial relationships with companies
 investigations affect
 business
 financial condition. earns revenue from licensing arrangements
 companies search services
 subject to government investigations legal proceedings.
 Apple Inc. 2022 Form 10-K 14


occurs product shipped. Revenue
 services software rights deferred recognized
 estimated. Cost sales hardware software
 warranty costs recognized sale. Costs
 rights recognized.
 long-term service arrangements Company obligations delivered.
 right bill undelivered services.
 unbilled consideration relates value undelivered services.
 revenue undelivered services.
 Apple Inc.


quoted prices markets
 inactive markets
.
 September 24, 2022 September 25, 2021 marketable securities $12. 7 billion $17. 9 billion
 restricted use State Aid Decision
 agreements.
 Apple. 2022 Form 10-K


 Epic Games
. filed lawsuit. Northern California
 against Company alleging violations antitrust unfair competition law
 App Store. filed counterclaim breach contract.
 2021 Northern District Court ruled favor nine
.
 App Store Review Guidelines violate unfair competition
 issued injunction. Epic appealed decision. filed cross-appeal granted stay
 pending.
 subject legal proceedings claims
. settled matters fourth quarter 2022
 financial condition operating results. outcome
 uncertain. legal matters resolved
 financial condition results could
.
. Mine Safety Disclosures
.
 Apple Inc. 2022 Form 10-K


 Section 13 15(d) Securities Exchange Act 1934 Registrant caused
 report signed undersigned authorized.
 Date October 27, 2022 Apple Inc.
 Luca Maestri
 Senior Vice President
 Chief Financial Officer
 Power Attorney
 signature Timothy D. Cook Luca Maestri attorneys-in-fact power substitution
 sign amendments Annual Report Form 10-K file
 Securities Exchange Commission
.
 Securities Exchange Act 1934 report signed
 Registrant dates
 Name Title Date Timothy D. CookChief Executive Officer Director
.
 Luca MaestriSenior Vice President Chief Financial Officer
 Chris KondoSenior Director Corporate Accounting
 James A. Bell
.
 Alex Gorsky Andrea Jung
 Arthur D. Levinson Director Chair
.
Monica Lozano
 Ronald D. Sugar
.
 Susan. Wagner
.
 Apple. Form 10-K


Exhibit 31.
 CERTIFICATION
 I Luca Maestri certify
. reviewed annual report Form 10-K Apple Inc.
. report untrue statement
 not
 misleading period
. financial statements information present
 financial condition results operations cash flows Registrant periods
. Registrant’s certifying officer(s) and I responsible establishing maintaining disclosure controls
 procedures Exchange Act Rules 13a-15(e) 15d-15(e) internal control over financial reporting
 Registrant
)Designed disclosure controls procedures
 ensure information Registrant
 subsidiaries known
 report prepared
)Designed internal control financial reporting
 reliability financial
 reporting preparation financial statements
 accounting principles
)Evaluated effectiveness disclosure controls procedures presented
 conclusions end period
)Disclosed change Registrant’s internal control financial reporting
Registrant’s recent fiscal quarter fourth
 affected internal control
 financial reporting
. Registrant’s certifying officer(s) and I disclosed
 to Registrant’s auditors audit committee board directors


maturity date. 875% 2025 1. 375% 2029 Notes
 24 2029 months. 2031 Notes
 August 15 2031.


preparation financial statements
 GAAP. Ernst & Young LLP issued
 report Part II Item 8 Form 10-K.
 Changes Internal Control
 no changes fourth quarter 2022
 Rules 13a-15 15d-15
 Exchange Act
.
 Apple Inc. 2022 Form 10-K 53


2013 Indenture holders not 25%
 2018 Indenture holders
 33%
 requested trustee institute proceedings default
 trustee offered indemnity against costs expenses
 liabilities
 trustee failed institute proceedings 60 days after notice request offer
 indemnity
 no direction inconsistent with request given for 60 days by holders
 majority.
 holders majority


IV
 Item 15. Exhibit Financial Statement Schedules
 report
 financial statements
 Consolidated Financial Statements
 Operations September 24 2022 2021
 26, 2020
 Comprehensive Income
 Balance Sheets 24 2022 2021
 Shareholders’ Equity 2022
 Cash Flows
 Notes Financial Statements
 Reports Independent Accounting Firm


smartphones iOS. 14
 13, 12 11.
 Mac
 personal computers macOS®. laptops
 MacBook Pro® desktops iMac® StudioTM Pro®.
 iPad
 multipurpose tablets iPadOS®. Pro®
 mini®.
 Wearables Home Accessories
 wireless headphones MaxTM
 media streaming gaming device tvOS®
 4K HD
 smartwatches watchOS®
 Ultra 8 SE®
 products HomePod mini® accessories.
 Apple Inc. 2022 Form 10-K


 issued €1,400,000,000 2026 Notes November 10 2014.
 maturity 10 2026 interest. 625% annum
. October 14 2022
 €1,400,000,000.


present financial position Apple Inc. September 24, 2022 25, 2021 results operations cash flows three years September 24, 2022. accounting principles. audited Public Company Accounting Oversight Board Apple Inc. internal control financial reporting September 24, 2022 Internal Control – Integrated Framework report October 27, 2022 unqualified opinion. financial statements responsibility Apple. management. express opinion. audits. public accounting firm registered PCAOB independent Apple. federal securities laws rules U. Securities and Exchange Commission PCAOB. audits standards PCAOB. assurance financial statements material misstatement fraud. audits risks misstatement. evidence amounts disclosures. accounting principles estimates presentation. audits provide reasonable basis opinion.Critical Audit Matter from current period audit financial statements relates to accounts disclosures challenging complex judgments. alter our opinion on financial statements separate opinion. Uncertain Tax Positions Apple Inc. subject to taxation files returns in U. S. federal jurisdiction state foreign jurisdictions. of September 24, 2022 unrecognized tax benefits was $16. 8 billion $8. 0 billion if recognized Apple Inc. effective tax rate. for uncertain tax positions Apple. uses judgment tax laws. evaluation of tax position involves judgment on tax laws legal rulings. Apple Inc. 2022 Form 10-K | 50 Addressed tested controls evaluation uncertain tax positions assessment process development disclosures. audit procedures included management’s assumptions analysis. communications with taxing authorities.involved tax resources Apple Inc. tax positions tax laws. received legal counsel discussed advisors Apple. tax personnel. evaluated Apple. disclosure Note 5 financial statements. Ernst & Young LLP Apple Inc. auditor since 2009. San Jose California October 27, 2022 Apple. Form 10-K 51 Report Independent Public Accounting Firm Shareholders Board Directors Apple. Opinion Internal Control Financial Reporting audited Apple. internal control reporting September 24, 2022 Internal Control. Apple. maintained effective internal control. audited consolidated balance sheets Apple. 2022 2021 statements operations income shareholders’ equity cash flows three years report October 27, 2022 unqualified opinion. Apple. management responsible internal control. responsibility express opinion. audit. public accounting firm registered PCAOB independent Apple.U. S. federal securities laws rules regulations U. S. Securities and Exchange Commission PCAOB. conducted audit standards PCAOB. standards require assurance internal control financial reporting. audit included understanding risk material weakness testing design effectiveness other procedures. audit provides basis opinion. Definition Limitations Internal Control Over Financial Reporting control assurance reliability financial reporting preparation financial statements. accounting principles. includes policies procedures maintenance records transactions dispositions assets transactions recorded preparation financial statements. receipts expenditures authorizations management directors unauthorized acquisition use disposition assets financial statements. may not prevent detect misstatements. future risk compliance deteriorate. Ernst & Young LLP San Jose, California October 27, 2022 Apple Inc. 2022 Form 10-K  52 Item 9.Disagreements Accountants Financial Disclosure. Item 9A. Controls Procedures Evaluation Disclosure Controls evaluation management financial officer disclosure controls procedures Rules 13a-15 15d-15 Exchange Act effective September 24, 2022 information recorded processed summarized reported


2018 Indenture add change eliminate provisions one series debt securities effective no outstanding security prior supplemental indenture entitled benefit cure ambiguity omission defect inconsistency change other provision adversely affect interests holders debt securities 2013 Indenture 2018 Indenture outstanding series supplement provisions Indenture defeasance discharge of series Notes not adversely affect interests holders Notes comply with rules securities exchange automated quotation system add change eliminate provisions Indenture necessary amendments Trust Indenture Act of 1939 2013 Indenture action adversely affect rights interests holder debt securities. holders of majority of outstanding Notes series may waive compliance with restrictive provisions Indentures.holders of majority Notes series may waive past default consequences under Indenture except default principal premium interest or covenant without consent holder. waiver default cured no waiver to subsequent default rights. Discharge Defeasance Covenant discharge obligations to holders Notes not delivered for cancellation due payable within one year by depositing funds in U. S. dollars to entire indebtedness including principal premium interest to date deposit or maturity redemption date. direct trustee to invest funds in U. S. Treasury securities maturity one year or less or money market fund short-term U. S. Treasury securities.Indentures provide elect defease from obligations Notes series (except register transfer exchange replace temporary lost stolen Notes maintain office agency hold moneys for payment trust (“legal defeasance”) or released from obligations covenants omission not default clauses (3) (6) no applied (“covenant defeasance”). Legal defeasance conditioned upon irrevocable deposit with trustee of amount in U. S. dollars or. government obligations applicable Notes payment interest money pay principal premium interest due dates. If covenant defeasance amount in U. dollars. government obligations deposit sufficient accountants pay amounts due Notes at maturity may not sufficient acceleration default. remain liable to payment amounts due at time acceleration. 2022 2024. 2025.875% 2025 Notes 2026 2027 Notes 1. 375% 2029 Notes 2031 Notes. S. government security direct German government payment guaranteed central bank not callable redeemable option issuer 13 certificates depositary receipts instruments direct ownership obligations clause (x)(i) specific principal interest payments. 3. 050% 2029 Notes 2042 Notes. S. government security direct obligation United Kingdom government payment guaranteed central bank not callable redeemable option issuer certificates depositary receipts instruments direct ownership obligations clause (x)(i)) specific principal interest payments. deliver trustee opinion counsel deposit defeasance cause holders Notes recognize income gain loss federal income tax. legal defeasance opinion ruling U. S. Internal Revenue Service change law.exercise legal defeasance option prior. Book-Entry Settlement Notes issued book-entry represented global notes deposited common depositary Euroclear Clearstream registered depositary nominee. certificated notes issued interests global notes. exchangeable minimum denominations €100,000 multiples €1,000 2022 2024.%. 875% 2026 2027. 375% 2031 minimum denominations £100,000 multiples £1,000 excess 3. 050% 2029 2042. common depositary unwilling continue


Share-Based Compensation
 table shows expense income tax benefit Consolidated
 Statements Operations 2022 2021 2020
 Share compensation expense $ 9,038 $
 Income tax benefit $ (4,002) (4,056) (2,476)
 September 24, 2022 total unrecognized compensation cost RSUs stock options $16. 7
 billion expects 2. 6 years.
 Commitments Contingencies
 Sources Supply Materials
 components multiple
 single. competes
 smartphones computers tablets wearables accessories.
 shortage commodity pricing fluctuations.
 uses custom components new products
 source.
 capacity constraints yields manufacturing capacities
.
.
 hardware products manufactured outsourcing partners
 Asia Mac computers U. S. Ireland.
 Unconditional Purchase Obligations
 commitments future purchase goods
.obligations
 content creation. Future payments
 24 2022 2023 13,488
 2024 4,876
 1,418
 2026 6,780
 2027 312
 27,286


000% 2025 0. 875% 2025 1. 375% 2029 2031
 option Par Call Date
 redemption price equal
 principal Notes
 present remaining scheduled payments principal interest
 Notes matured Par Call Date
 interest discounted date redemption
 Comparable Government Bond Rate
 10 basis points. 000% 2025 Notes 15 points
 0. 875% 2025 Notes 2031 Notes 20 points 2029 Notes.
 Call.% 2025 Notes August 15, 2025
 maturity. 875% 2025 February 24, 2025
. 1. 375% 2029 Notes
 24, 2029. 2031 Notes
 August 15, 2031.


UNITED STATES SECURITIES EXCHANGE COMMISSION Washington. 20549 FORM 10-K ANNUAL REPORT SECTION 13 SECURITIES EXCHANGE ACT 1934 fiscal year September 24 2022 TRANSITION REPORT SECTION 13 1934 transition period. File-36743 Apple Inc. Registrant California 94-2404110. Employer Identification. Apple Park Way Cupertino California 95014 offices Code (408) 996-1010 telephone number area code Securities Section 12(b Act Title Trading symbol exchange Common Stock. 00001 share Nasdaq Stock Market LLC.% 2022. 375% 2024. 875%. 625%.% 375% 2029. 050%. 500%. 600% 2042 Section 12(g) Act Registrant-known issuer Rule 405 Securities Act.Yes No Registrant not required file reports Section 13 or 15(d) Act. filed reports Section 13 15(d) Securities Exchange Act 1934 preceding 12 months subject filing requirements past 90 days. submitted electronically Interactive Data File Rule 405 Regulation S-T (§232. 405 12 months. Registrant large accelerated non-accelerated filer smaller reporting emerging growth company. definitions Rule 12b-2 Exchange Act. Large Non-accelerated Smaller Emerging growth company not use extended transition period new financial accounting standards Section 13(a) Exchange Act. filed report internal control financial reporting Section 404(b) Sarbanes-Oxley Act (15 U. S. C. 7262(b)) accounting firm. Registrant company Rule 12b-2.market value non-voting stock non Registrant March 25, 2022 $2,830,067,000,000. common stock executive officers directors excluded. not conclusive. 15,908,118,000 shares common stock issued outstanding October 14, 2022. proxy statement 2023 annual meeting Part III Annual Report Form 10-K. filed U. Securities Exchange Commission 120 days fiscal year. Apple. Form 10-K September 24, 2022 TABLE CONTENTS. Business Risk Factors. Staff Comments. Properties. Legal Proceedings. Mine Safety Disclosures II. Registrant’s Common Equity Stockholder Matters Issuer Purchases Equity Securities. Financial Condition Results Operations. Market Risk. Financial Statements Data. Financial Disclosure Controls Procedures. Foreign Jurisdictions. Directors Executive Officers Corporate Governance.Executive Compensation Item 12. Security Ownership Owners Management Stockholder Matters 13. Relationships Transactions Director Independence 14. Principal Accountant Fees Services Part IV Item 15. Exhibit Financial Statement Schedules 16. Form 10-K Summary Annual Report 10-K forward-looking statements Private Securities Litigation Reform Act 1995 risks uncertainties.-looking statements Part I Item 1 Part II Item 7 Discussion Analysis Financial Condition Results Operations. statements expectations future events. impact COVID-19 business. not guarantees performance results differ. Factors differences Part I Item


Consolidation Merger Sale Assets
 Indentures provide consolidate merge sell
 transfer lease convey properties assets
 conditions satisfied
 continuing entity surviving transferee “Successor”)
 not corporate co-issuer
 debt securities under laws United States
 District Columbia Successor assume
 obligations under debt securities Indenture
 conversion


2027 Notes
 issued €1,000,000,000 September 17, 2015.
 maturity interest 2.% annum paid
 September 17. October 14, 2022
 €1,000,000,000.
. 375% 2029 Notes
 issued €1,250,000,000. May 24 2017.
 maturity. interest. 375% annum
 24


September 24, 2022 25, 2021
 consolidated statements operations income equity cash flows three years
 report October 27, 2022 unqualified
 opinion.
 Apple. management internal control financial reporting
 Annual Report
. express opinion Apple.
 audit. public accounting firm PCAOB independent
 Apple. U federal securities laws


table shows value non-current debt securities maturity
 September 24, 2022
 Due after 1 5 years $ 87,031
 5 10 years 16,429
 10 years 17,345
 $ 120,805
 Derivative Instruments Hedging
 instruments offset foreign exchange interest rate risk.
 accounting
 cost. hedges offset
 impact foreign exchange.
 Foreign Exchange Risk
 forward contracts
 option contracts cash flow hedges.
 foreign currency exposure revenue inventory purchases
 12 months.
 foreign currency–denominated debt
 forward contracts cross-currency swaps.
 cash flow fair value hedges. September 24, 2022 maximum
 hedging
 20 years.
 derivative instruments hedges protect
 offset gains
 losses remeasurement assets liabilities non-functional currencies.
 Interest Rate Risk
 interest rate swaps options instruments.Company designates cash
 hedges.
 instruments September 24 25
 Foreign exchange contracts 102,670 76,475
 Interest rate contracts $ 20,125 16,875
 contracts 185,381 126,918


Exhibit 21.
 Subsidiaries
 Apple Inc.
 Jurisdiction Incorporation Apple Asia Hong Kong
 Delaware.
 Canada.
 Trading.
 Distribution
 India Insurance Company. Arizona
 Japan.
 Korea Operations Europe Mexico.
 Sales South Asia
 Vietnam
 Braeburn Capital. Nevada.
. Japan
 Item


governmental agreement
 implementation sections Code
 combination items (1) (9).
 Notes subject tax fiscal law regulation administrative judicial
 interpretation. Except Additional
 Amounts Company required Tax government
 political subdivision taxing authority.
 Tax Reasons “United means


Accounts receivable,125 Inventories 1,484 non-trade receivables (3,903) assets Accounts payable 9,448 12,326 (4,062) Deferred revenue liabilities 5 8,916,151 104,038 80,674 Purchases (76,923) (109,558) (114,938) 29,917 59,023 69,918 sales 37,446 47,460 50,473 property (10,708 (11,085) (7,309) acquisitions (22,354) (14,545) (4,289 (6,556) (3,634 Repurchases common stock,402) (85,971) (72,358),465 16,091 Repayments (8,750 (12,629) commercial 3,955,749 (93,353 (10,952) (3 24,977 35,929 39,789 taxes 19,573 25,385 interest 2,865 2,6873,002 Notes Consolidated Financial Statements. Apple Inc. 2022 Form 10-K 33. 1 Accounting Policies financial statements include accounts Apple Inc. subsidiaries. Intercompany accounts transactions eliminated. preparation. accounting principles estimates assumptions. results differ. prior amounts reclassified current. fiscal year 52- or 53-week ends last Saturday September. additional week first fiscal quarter five six years first quarter fiscal year September 30, 2023. fiscal years 2022 2021 2020 52 weeks. references years quarters periods refer years ended September. Revenue Recognition Net sales iPhone Mac iPad Services. recognizes revenue control transferred customers. Control right payment title risks rewards ownership. Products transfers shipped. Services sales delivered. Payment collected following transfer control delivery.Company records reductions sales future returns price protection customer incentive programs expectations experience. arrangements multiple performance obligations allocates revenue based-alone selling prices. uses observable prices SSPs. SSPs estimates prices. process estimating SSPs without considers factors prices market trends business objectives estimated cost. three performance obligations in sale iPhone Mac iPad products. first hardware software delivered. second right receive product-related bundled services iCloud Siri Maps. third future software upgrades. allocates revenue discounts to obligations based on SSPs. observable prices for undelivered performance obligations allocation based on estimated SSPs. Revenue delivered hardware bundled software recognized when control customer. Revenue product-related bundled services software upgrade rights deferred recognized estimated period.sales hardware software warranty costs recognized at sale. Costs services software upgrade rights recognized as sales. long-term service arrangements Company performance obligations for services not delivered. right bill undelivered services. unbilled consideration relates to value undelivered. revenue disclose amounts undelivered services. Apple Inc. 2022 Form 10-K 34 sale third-party products control recognizes revenue based gross amount billed. considers factors price inventory risk acceptability. third-party applications App Store digital content control before. accounts sales commission. records revenue net taxes governmental authorities


Floating Rate 2016, 2018. 45%. 40% 2023. 85% 2043. Officer’s Certificate Registrant May 6 2014, Rate 2017 2019. 05%. 10%. 85% 2021. 45% 2024. 45% 2044. Certificate Registrant November 10 2014,. 000% 2022. 625% 2026. Certificate February 9 2015, Floating Rate 2020. 55%. 15% 2022. 50% 2025. 45% 2045. Certificate Registrant May 13, 2015, Floating Rate 2017 2020. 900%.%. 700% 2022. 200% 2025. 375% 2045. Officer’s Certificate Registrant July 31, 2015, 3. 05% 2029. 60% 2042. Certificate Registrant September 17, 2015, global notes. 375% 2024.2027. 8-K. Apple Inc. 2022 10-K Exhibit Date Period. Officer’s Certificate Registrant February 23, 2016, global notes Floating Rate 2019 2021. 300% 2018. 700%. 250% 2021. 850% 2023. 250% 2026. 500% 2036. 650% 2046. Supplement. Officer’s Certificate March 24 2016. Certificate August 4 2016, Floating Rate 2019. 100%. 550% 2021. 450% 2026. 850% 2046. Certificate February 9 2017 2022. 550%. 900%. 500%.% 2024. 350% 2027 4. 250% 2047. Officer’s Certificate Registrant May 11 2017 Floating Rate 2020 2022. 800%. 300%. 850%. 200% 2027.. Certificate May 24 2017 global notes. 875% 2025. 375% 2029. Certificate June 20 2017 global 3. 000% 2027. August 18 2017. 513% 2024. September 12 2017 global notes. 500% 2019. 100% 2022. 900% 2027 3. 750% 2047. Certificate November 13, 2017 notes. 800% 2019. 000% 2020. 400% 2023. 750% 2025 3. 000% 2027. 750% 2047. Indenture November 5 2018 Registrant Bank New York Mellon Trust Company. 21 Certificate September 11 2019 global notes. 700% 2022. 800% 2024. 050% 2026. 200% 2029. 950% 2049.Officer’s Certificate November 15 2019 global. 2025. 500% 2031. May 11 2020. 750% 2023. 125% 2025. 650% 2030. 650% 2050. August 20 2020. 550% 2025. 25% 2030. 400% 2050. 550% 2060. February 8 2021. 700% 2026. 200% 2028. 650% 2031. 375% 2041. 650% 2051. 800% 2061. Certificate August 5 2021 global. 400% 2028. 700% 2031. 700% 2051. 850% 2061. Indenture October 28, 2021 Registrant Bank New York Mellon Trust Company


Apple.
 equity balances 63,090 65,339 90,488
 stock capital balances 57,365 50,779 45,174
 issued 1,175 (2,971) compensation 9,280 8,108
 balances 64,849 57,365 50,779
 earnings


. 875% Notes 2025
. 1 625% 2026 2. 000% Notes 2027
 1. 375% Notes 2029. 3. 050% Notes.
. 500% Notes 2031 3. 600% 2042
 2022 2024. 000% 2025. 875%


federal 21%
 tax $ 25,012 22,933 14,089
 State taxes 1,518 1,151 423
 Act 542
 Earnings foreign subsidiaries (4,366
 income deduction (296)
 Research development credit (1,153 (1,033)
 Excess tax equity awards


Hedge accounting value adjustments (1,363) 1,036 Current debt (11,128) (9,613) non-current $ 98,959 109,106 rate risk. foreign currency risk. interest rates include amortization adjustments hedging. $2. 8 billion $2. 6 billion $2. 8 billion interest expense term debt 2022 2021 2020. 10-K future principal payments 2023 11,139 2024 2025 10,645 2026 11,209 2027 59,290 debt $ 111,824 2021 fair value Notes $98. 8 billion $125. 3 billion. Shareholders’ Equity Share Repurchase Program repurchased 569 million shares common stock $90. 2 billion. obligate. market Securities Exchange Act 1934.Stock table shows changes 2022 2021 2020 16,426,786 16,976,763 17,772,945 repurchased (568,589) (656,340) (917,270) issued withheld taxes 85,228 106,363 121,088 balances 15,943,425 16,426,786 16,976,763 Benefit Plans 2022 Employee Stock Plan 2022 approved Apple Inc. 2022 Employee Stock Plan equity grants restricted stock units stock grants performance-based awards options appreciation rights. RSUs vest four years settled common stock. reduce shares grant. canceled. dividend rights same dividend value. same vesting terms conditions. 1. 3 billion shares authorized issuance March 4, 2022. 2014 Employee Stock Plan Apple. 2014 shareholder-approved equity grants employees.2014 Plan permitted same equity awards terms 2022 Plan. permitted cash bonus awards. third quarter 2022 Company terminated authority grant awards. Apple Inc. 2022 Form 10-K. Non-Employee Director Stock Plan. shareholder-approved permits RSUs stock options non-employee directors automatic initial grants director annual grants change value mixture stock options RSUs methodology common stock. RSUs granted reduce shares grant two times. Plan expires November 12, 2027. RSUs granted entitled subject same vesting terms conditions underlying RSUs. 45 million shares authorized issuance last amended November 9, 2021.Employee Stock Purchase Plan shareholder-approved employees common stock 85% market values. payroll deductions 10% compensation more $25,000. 230 million shares authorized March 10, 2015. 401(k) Plan tax-qualified deferred compensation. employees contribute earnings. matches 50% to 100% contributions 6% earnings. Restricted Stock Units activity 2022 2021 2020-Average Date Value Balance September 28, 2019 326,068 $. granted 156,800 $. vested (157,743). 29 canceled (14,347). September 26, 2020 310,778 $ 51. granted 89,363 $. vested (145,766). canceled (13,948). September 25, 2021 240,427 $. granted 91,674. 70 vested (115,861).RSUs canceled (14,739. Balance September 24 2022 201,501. 30,312 value $18. $19. $10. 8 billion 2021.


derivative assets liabilities September 24, 2022
 assets
 Foreign exchange contracts $ 4,317 $ 2,819 $ 7,136
 liabilities contracts $ 2,205 $ 2,547 $
 Interest rate contracts $ 1,367
 assets Level 2 included
 Consolidated Balance Sheets.
 liabilities 2


unauthorized access releases confidential information
 reputational financial legal operational consequences.
 business requires confidential information
 customers employees. devotes resources network data security
 encryption measures.
 absolute security losses releases
 affect business reputation financial condition.
 information with suppliers third parties.
 relies on global suppliers exposed ransomware attacks.
 information
 measures not always effective losses releases
. affect business
 reputation financial condition.
 Apple Inc. 2022 Form 10-K


 estimates 95%-day loss $1. 0 billion
 September 24 2022 $550 million September 25, 2021.
 foreign currency losses
 offset increases exposures.
 future gains losses investment portfolio debt positions differ
 analyses 24 2022 limitations
 interest rates
.
 Apple Inc. 2022 Form 10-K


Registrant filed report
 control financial reporting Section 404 Sarbanes-Oxley Act (15 U. S. C 7262(b) accounting
.
 Registrant company Rule 12b-2.
 aggregate market value voting non-voting stock non March 25, 2022
 $2,830,0


week
 first fiscal quarter five six years
 first quarter fiscal year September 30, 2023. fiscal years 2022 2021
 2020 52 weeks. references years quarters refer
 years September.
 Revenue Recognition
 sales iPhone Mac iPad Services products. recognizes revenue
 control transferred customers.
 right payment title risks rewards


 sales 169,658 153,306 124,556
 62,683 53,382 37,722
 95,118 89,307 68,640
 35,233 32,505
 China
 74,200 68,366 40
 31,153 28,504,261
 Japan 25,977 28,482 21,418
 12,257,798
 29,375


,877 189,961 1,753 (1,198) 190,516 34,940 27,699,877 Level 1 value estimates prices. Level 2 estimates inputs. September 24, 2022 September 25, 2021 marketable securities $12. 7 billion $17. 9 billion restricted State Aid Decision Note 5 agreements. Apple Inc. 2022 Form 10-K 38 table fair value non-current marketable debt securities maturity September 24, 2022 Due after 1 year 5 years $ 87,031 5 10 years 16,429 10 years 17,345 Total $ 120,805 Derivative Instruments Hedging offset foreign exchange interest rate risk. accounting cost. no hedges offset impact foreign exchange. forward contracts option contracts cash flow hedges. hedges foreign currency exposure 12 months.debt securities forward contracts cross-currency swaps instruments. instruments cash flow fair value hedges. September 2022 maximum 20 years. enter instruments protect margins offset gains losses assets. Interest Rate Risk interest rate swaps options instruments. cash flow fair value hedges. outstanding derivative instruments September 24 2022 September 25, 2021 2022 2021 Foreign exchange contracts $ 102,670 $ 76,475 Interest rate contracts $ 20,125 $ 16,875 Foreign exchange contracts $ 185,381 $ 126,918 Apple.2022 Form 10-K values derivative assets liabilities September 24, 2022 Derivatives Hedges assets Foreign exchange contracts $ 4,317 $ 2,819 $ 7,136 liabilities Foreign contracts $ 2,205 $ 2,547 $ Interest rate contracts $ 1,367 assets Level 2 value included non-current Balance Sheets. liabilities Level 2. derivative assets represent gross credit exposure if counterparties perform. risk collateral security arrangements values fluctuate. credit risk master netting arrangements single net amount payable. September 24, 2022 potential assets liabilities $7. 8 billion net derivative asset $412 million.hedged items September 24, 2022 25, 2021 2022 2021 assets marketable securities $ 13,378 $ 15,954 term debt $ (18,739) $ (17,857) Trade Receivables receivables cellular carriers wholesalers retailers resellers small businesses education enterprise government customers. collateral collateral third-party credit support limit risk. risk credit insurance third-party financing loans leases. arrangements. recourse credit risk sharing. September 24, 2022 one customer 10% trade receivables. cellular network carriers 44% 42% receivables. Vendor Non-Trade Receivables receivables manufacturing vendors. September 24 2022 two vendors 10% receivables 54% 13%. September 25, 2021 three vendors 52% 11% 11%. Apple.10-K September Property Plant Equipment Land buildings 22,126 20,041 Machinery software 81,060 78,659 improvements 11,271 property equipment 114,457,723 depreciation amortization 42,117 39,440 Liabilities taxes 16,657 24,689 liabilities 32,485 28,636


. Certificate Registrant February 23, 2016,
 2021. 300% 2018. 700% 2019
. 250% 2021. 850% 2023. 250% 2026
. 500% 2036. 650% 2046.
. Supplement. Certificate March
 24 2016.
. Certificate August 4 2016,
 Floating Rate 2019.


Stock Performance
 graph shareholder return dividend
 Company S&P 500 Index S&P Information Technology Index Dow Jones.
 five years September 24 2022. $100 invested
 500.
 September 29, 2017. Past not future
.
 5-YEAR RETURN Apple Inc. S&P 500 Index&P Technology Index.
 $100 invested September 29, 2017 dividends. last day
 year stock 30th indexes.
 Standard & Poor’s S.
 S&P Dow Jones Indices S&P.
 Apple Inc. 149 146 303 400 411
 S&P 500 Index 118 123 142 184
 S&P Information Technology Index 131 143 210 271
 Dow Jones. Technology Supersector Index 283
.
 Apple. 10-K


. Operating income excludes outside. marketing share compensation taxes nonrecurring charges costs. intercompany transfers. sales products services 2022 2021 2020 iPhone $ 205,489 $ 191,973 $ 137,781 Mac 40,177 35,190 28,622 iPad 29,292 31,862 23,724 Wearables Home Accessories 41,241 38,367 30,620 Services 78,129 68,425 53,768 sales $,328 $ 365,817 $ 274,515 Products software rights. Wearables Home Accessories AirPods Apple TV Watch Beats HomePod mini. Services advertising AppleCare cloud digital content payment. deferred. Includes $7. 5 billion 2022 $6. 7 billion $5. 0 billion. net sales consistent except Greater China iPhone. September 24 2022 25 2021 deferred revenue $12. 4 billion $11.billion. September 24 2022 expects 64% deferred revenue 27% 7%-three 2% three. Apple. 2022 Form 10-K Note 3 Financial Instruments Cash Equivalents Marketable Securities tables cash equivalents securities September 24 2022 25 2021 Cost Gains Losses 18,546 1 Money market funds 2,929 Mutual funds 274 3,203. Treasury securities 25,134 23,409 5,091 17,980. agency securities 5,168.securities 16,948 15,749 8,806 6,943 Certificates 2,067 Commercial paper Corporate securities 87,148 79,450 9,023 70,427 Municipal securities 266 620 Mortgage securities 22,553 19,960 161,312 147,407 24,431 120,805 183,061 Gains Losses Equivalents 17,305 Money funds Mutual funds Equity securities 1,527. Treasury securities 22,878 22,903 3,596 6,625 12,682. securities 8,949 1,775 1,930 5,182.20,201 211,311 3,091 16,830 Certificates 1,300 Commercial paper 2,639 1,776 863 Corporate 83,883 1,242 (267) 84,858 12,327 72,531 Municipal securities 851 Mortgage securities 20,529,576 19,801 162,873 1,742 (1,197) 8,027 27,514 127,877 189,961 1,753 190,516 34,940 27,699 127,877 Level 1. Level 2


obligations internet.
 24 2022 obligations $17. 8 billion $6. 8 billion payable 12 months.
 Tax. Tax Cuts Jobs Act
 $22. billion $5. 3 billion 12 months.
 capital return program Directors.
 shares.
 quarterly dividend $0. 23 per share. increase dividend


9B.
 Rule 10b5-1 Trading Plans
 24 2022. Adams Timothy. Cook Luca Maestri Deirdre O’Brien
 Jeffrey Williams Exchange Act equity trading plans
 Rule 10b5-1. plan
 purchases stock
.
 9C. Foreign Jurisdictions
.
 10. Directors Officers Corporate Governance


. operations
 global regional economic conditions.
 Adverse conditions inflation growth tariffs barriers
 trade fiscal policy tighter credit interest rates unemployment currency fluctuations
 consumer confidence spending demand products
.
 volatility negative news real estate mortgage income
 energy shortages cost increases labor healthcare costs factors.
 uncertainty
 conditions suppliers


Apple.
 10-K
 Fiscal Year 24 2022
. Business
. Risk Factors
. Staff Comments
. Properties
. Legal Proceedings
. Safety Disclosures
. Equity Stockholder Matters Purchases Equity
.
. Financial Condition Results Operations
. Market Risk
. Financial Statements Data
. Financial Disclosure
. Controls Procedures
.


culture reputation operational flexibility.
 Company believes culture success.
 culture retain employees
 business reputation
 financial condition.
 depends on performance carriers wholesalers retailers resellers.
 distributes products services through carriers wholesalers retailers
 resellers. sells
 resells third-party products consumers businesses
 education enterprise government customers


Board Directors repurchase program obligate
 shares. growth profitability
 dividends repurchases stock decline
 investor confidence employee retention.
. Unresolved Staff Comments
 None.
. Properties
 headquarters Cupertino California. September 24, 2022 leased
 facilities land corporate R&D data centers retail.
. facilities


Addressed
 Matter tested controls uncertain tax positions
 assessment
 benefit
 disclosures.
 Apple.
 audit procedures
 assumptions analysis. communications
 taxing authorities
. involved tax resources assessing merits
. positions tax laws
 experience. received
 legal counsel confirmation letters discussed advisors
 Apple. tax personnel. evaluated Apple. disclosure
 Note 5 financial statements.
 Ernst Young Apple Inc. auditor since 2009.
 San Jose California
 October 27, 2022
. Form 10-K 51


liabilities 2,400
 revenue 5,742
 losses 2,913
 carryforwards 1,596 27,624 25,229
,094 1,983 4,318
-use 2,163
 gains 942
 5,557 7,253
 14,537


Exhibit 31.
 CERTIFICATION
 Luca Maestri certify
. reviewed annual report Form 10-K Apple Inc.
. report untrue statement
 misleading period
. financial statements information present
 financial condition results operations cash flows Registrant periods
. Registrant’s certifying officer(s I responsible disclosure controls
 procedures Exchange Act


.
 23,646 34,940
 securities 24,658
 28,184
 Inventories
 receivables 32,748 25
 21,223 14,111
 135,405 134,836
 securities 120,805 127,877
 Property 42,117 39,440
 54,428


new products utilize custom components one source.
 new technologies capacity constraints exist until suppliers’ yields manufacturing
 capacities increased. availability components at prices
 suppliers production common components
 customized. supply
 delayed outsourcing partner delayed shipments
 business operations financial condition affected future delays
 affect. business
 financial performance


 Commercial Paper Repurchase Agreements
 Company issues unsecured notes.
 uses proceeds dividends
 repurchases. $10. billion $6. billion
 Paper maturities less nine months.-average interest rate
 2. 31%. 06%.
 cash flows issuance maturities Paper
 2022 2021 2020


 lease liabilities 12,411 11,803
 September 24 2022
 2023 1,758
 2024 2025
 2027 5,080
 liabilities 12,782 1,354 14,136
 Imputed interest,312) 11,470 12,411


 gross margins products services vary change.
 volatility due
 pricing pressures increased
 competition demand compressed product
 life cycles supply shortages cost components
 quality warranty costs
 shifts services geographic currency channel mix
 changes fluctuations foreign exchange rates
 inflation macroeconomic pressures introduction new products
.
 financial condition.
 higher net sales first quarter due
 seasonal holiday demand. new product service introductions impact net sales cost
 operating expenses. generates net sales from single product
 decline demand impact net sales. subject
 unexpected developments lower-anticipated demand issues
 introductions technology failures network disruptions failure
 logistics supply manufacturing partners.
 Apple Inc. 2022 Form 10-K


company’s internal control over financial reporting assurance
 reliability financial reporting preparation financial statements.
 accounting principles. includes policies
 procedures maintenance records transactions
 dispositions assets assurance transactions recorded
 preparation financial statements. accounting principles receipts
 expenditures authorizations management directors
 prevention unauthorized acquisition use
 disposition


Director Plan
 approval. RSUs granted reduce shares
 two times. expires November 12, 2027. RSUs granted
 entitled subject same vesting terms conditions
 RSUs. 45 million shares authorized issuance
 amended November 9, 2021.
 Employee Stock Purchase Plan
 shareholder-approved
 employees purchase common stock price 85%


$18. billion $19. $10. 8 billion 2022 2021
. RSUs net settled
 withheld shares
 remitted cash authorities. shares withheld 41 million 53 million 56
 million based vesting
 closing stock price. payments $6.
 billion $6. 8 billion $3. 9 billion 2022.
 Apple.


Comparable Government Bond Rate calculation
 2022 2024 2026 2027
 investment bank German government bond maturity closest Notes
 similar bond not
 issue other German government bond advice three
 brokers bonds
 Comparable Government Bond Rate.
 Government
 3. 050% 2029 Notes 2042 Notes
 United Kingdom government bond maturity


meeting shareholders nominate
 candidates directors provide notice
 specify requirements form content shareholder’s notice
 Rule 14a-19 Exchange Act
 shareholder 20 owned
 three years shares Common Stock 3%
 shares nominate proxy materials
 director nominees 20% Board Directors
 satisfy Bylaws
 cumulative voting rights


Tax Positions
 September 24 2022 unrecognized $16. 8 billion $8. billion
 tax rate. September 25 2021
 $15. 5 billion $6. billion tax rate.
 change tax benefits 2022 2021
 2020
 $ 15,477 16,475 15,619
 Increases 2,284 816
 Decreases


future performance depends on support third-party software developers.
 decisions hardware products depend on availability third-party
 applications services. no third-party developers
. If third cease
 customers may not buy.
 availability third-party software depends on
 developers’ perception benefits developing maintaining upgrading
 Android Windows
 PlayStation Nintendo Xbox


3 Financial Instruments
 Cash Equivalents Marketable Securities
 tables show cash equivalents marketable securities investment category
 September 24 2022 25 2021
 Adjusted GainsUnrealized 18,546
 Level 1
 Money market funds,929
 Mutual funds
 3,203
 Level 2
. Treasury securities 25,134 23,409 338 5,091 17,980
. securities 5,168
 Non. government securities 16,948 15,749 8,806
 Certificates deposit deposits 2,067
 Commercial 718
 Corporate debt securities,148,450
 Municipal securities
 Mortgage-backed securities 22,553 19,960
 Subtotal 161,312 24,431
 183,061
 17,305


Business Risks
 competitive stimulate demand Company manage introductions
 transitions of products services.
 volatile markets
 introduce new products services enhance
 stimulate demand manage transition
. success introductions depends on factors
 timely development market acceptance risks
 production application software management
 purchase commitments inventory levels demand availability
 quantities costs


Additional Amounts
 Notes state payments principal interest
 free without deduction withholding present future taxes duties
 assessments governmental charges required United
 States subdivision taxing authority unless
 required by law.
 Notes contain covenant similar
 Company exceptions pay additional interest
 Notes amounts necessary net payment
 paying agent principal
 interest holder


Company license distribute content. owners providers distributors
 limit access increase cost. offer
 content reasonable prices usage rules.
 Company produces digital content costly competition
 appeal customers. COVID-19 pandemic
 restrictions production costs.
 third-party providers require rights management security solutions.
 requirements change develop license new technology.
 solutions reasonable cost