statements present fairly, in all material respects, the financial position of Apple Inc. at September 24, 2022 and September 25, 2021, and the results of its operations and its cash flows for each of the three years in the period ended September 24, 2022, in conformity with U.S. generally accepted accounting principles. We also have audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (the “PCAOB”), Apple Inc.’s internal control over financial reporting as of September 24, 2022, based on criteria established in Internal Control – Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission (2013 framework) and our report dated October 27, 2022 expressed an unqualified opinion thereon. Basis for Opinion These financial statements are the responsibility of Apple Inc.’s management. Our responsibility is to express an opinion on Apple Inc.’s financial statements based on our audits. We are a public accounting firm registered with the PCAOB and are required to be independent with respect to Apple Inc. in accordance with the U.S. federal securities laws and the applicable rules and regulations of the U.S. Securities and Exchange Commission and the PCAOB. We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion. Critical Audit Matter The critical audit matter communicated below is a matter arising from the current period audit of the financial statements that was communicated or required to be communicated to the audit committee and that: (1) relates to accounts or disclosures that are material to the financial statements and (2) involved our especially challenging, subjective, or complex judgments. The communication of the critical audit matter does not alter in any way our opinion on the financial statements, taken as a whole, and we are not, by communicating the critical audit matter below, providing a separate opinion on the critical audit matter or on the account or disclosure to which it relates. Uncertain Tax Positions Description of the Matter As discussed in Note 5 to the financial statements, Apple Inc. is subject to taxation and files income tax returns in the U.S. federal jurisdiction and many state and foreign jurisdictions. As of September 24, 2022, the total amount of gross unrecognized tax benefits was $16.8 billion, of which $8.0 billion, if recognized, would impact Apple Inc.’s effective tax rate. In accounting for uncertain tax positions, Apple Inc. uses significant judgment in the interpretation and application of complex domestic and international tax laws. Auditing management’s evaluation of whether an uncertain tax position is more likely than not to be sustained and the measurement of the benefit of various tax positions can be complex, involves significant judgment, and is based on interpretations of tax laws and legal rulings. Apple Inc. | 2022 Form 10-K | 50 How We Addressed the Matter in Our Audit We tested controls relating to the evaluation of uncertain tax positions, including controls over management’s assessment as to whether tax positions are more likely than not to be sustained, management’s process to measure the benefit of its tax positions, and the development of the related disclosures. To evaluate Apple Inc.’s assessment of which tax positions are more likely than not to be sustained, our audit procedures included, among others, reading and evaluating management’s assumptions and analysis, and, as applicable, Apple Inc.’s communications with taxing authorities, that detailed the basis and technical merits of the uncertain tax positions. We involved our tax subject matter resources in assessing the technical merits of certain of Apple Inc.’s tax positions based on our knowledge of relevant tax laws and experience with related taxing authorities. For certain tax positions, we also received external legal counsel confirmation letters and discussed the matters with external advisors and Apple Inc. tax personnel. In addition, we evaluated Apple Inc.’s disclosure in relation to these matters included in Note 5 to the financial statements. \/s\/ Ernst & Young LLP We have served as Apple Inc.’s auditor since 2009. San Jose, California October 27, 2022 Apple Inc. | 2022 Form 10-K | 51 Report of Independent Registered Public Accounting Firm To the Shareholders and the Board of Directors of Apple Inc. Opinion on Internal Control Over Financial Reporting We have audited Apple Inc.’s internal control over financial reporting as of September 24, 2022, based on criteria established in Internal Control – Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission (2013 framework) (the “COSO criteria”). In our opinion, Apple Inc. maintained, in all material respects, effective internal control over financial reporting as of September 24, 2022, based on the COSO criteria. We also have audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (the “PCAOB”), the consolidated balance sheets of Apple Inc. as of September 24, 2022 and September 25, 2021, the related consolidated statements of operations, comprehensive income, shareholders’ equity and cash flows for each of the three years in the period ended September 24, 2022, and the related notes and our report dated October 27, 2022 expressed an unqualified opinion thereon. Basis for Opinion Apple Inc.’s management is responsible for maintaining effective internal control over financial reporting, and for its assessment of the effectiveness of internal control over financial reporting included in the accompanying Management’s Annual Report on Internal Control over Financial Reporting. Our responsibility is to express an opinion on Apple Inc.’s internal control over financial reporting based on our audit. We are a public accounting firm registered with the PCAOB and are required to be independent with respect to Apple Inc. in accordance with the U.S. federal securities laws and the applicable rules and regulations of the U.S. Securities and Exchange Commission and the PCAOB. We conducted our audit in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether effective internal control over financial reporting was maintained in all material respects. Our audit included obtaining an understanding of internal control over financial reporting, assessing the risk that a material weakness exists, testing and evaluating the design and operating effectiveness of internal control based on the assessed risk, and performing such other procedures as we considered necessary in the circumstances. We believe that our audit provides a reasonable basis for our opinion. Definition and Limitations of Internal Control Over Financial Reporting A company’s internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with U.S. generally accepted accounting principles. A company’s internal control over financial reporting includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the company; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with U.S. generally accepted accounting principles, and that receipts and expenditures of the company are being made only in accordance with authorizations of management and directors of the company; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition of the company’s assets that could have a material effect on the financial statements. Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate. \/s\/ Ernst & Young LLP San Jose, California October 27, 2022 Apple Inc. | 2022 Form 10-K | 52 Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure None. Item 9A. Controls and Procedures Evaluation of Disclosure Controls and Procedures Based on an evaluation under the supervision and with the participation of the Company’s management, the Company’s principal executive officer and principal financial officer have concluded that the Company’s disclosure controls and procedures as defined in Rules 13a-15(e) and 15d-15(e) under the Exchange Act were effective as of September 24, 2022 to provide reasonable assurance that information required to be disclosed by the Company in reports that it files or submits under the Exchange Act is (i) recorded, processed, summarized and reported within the time periods

statements present fairly, financial position of Apple Inc. at September 24, 2022 and September 25, 2021, results of its operations and cash flows for each of three years in period ended September 24, 2022, in conformity with U. S. generally accepted accounting principles. We audited, with standards Public Company Accounting Oversight Board (United States) (the “PCAOB”), Apple Inc. ’s internal control over financial reporting as of September 24, 2022, based on criteria in Internal Control – Integrated Framework issued by Committee of Sponsoring Organizations of the Treadway Commission (2013 framework) our report dated October 27, 2022 expressed unqualified opinion. Basis for Opinion financial statements are responsibility of Apple Inc. ’s management. Our responsibility is to express opinion on Apple Inc. ’s financial statements based on our audits. We are public accounting firm registered with PCAOB required to be independent with respect to Apple Inc. in accordance with U. S. federal securities laws applicable rules and regulations of U. S. Securities and Exchange Commission and PCAOB. We conducted audits in accordance with standards of PCAOB. standards require plan perform audit to obtain reasonable assurance about financial statements free of material misstatement, due to error or fraud. audits included procedures to assess risks of material misstatement of financial statements error or fraud procedures respond to those risks. procedures included examining test basis evidence regarding amounts and disclosures in financial statements. audits included evaluating accounting principles used and significant estimates made by management evaluating overall presentation of financial statements. We believe our audits provide reasonable basis for our opinion.Critical Audit Matter critical audit matter communicated below is a matter arising from current period audit of financial statements communicated required to to audit committee: (1) relates to accounts or disclosures material to financial statements and (2) involved our challenging, subjective or complex judgments. communication of critical audit matter does not alter our opinion on financial statements, we not providing separate opinion on critical audit matter or account or disclosure to it relates. Uncertain Tax Positions Description of Matter As discussed in Note 5 to financial statements, Apple Inc. is subject to taxation and files income tax returns in U. S. federal jurisdiction and many state and foreign jurisdictions. As of September 24, 2022, total gross unrecognized tax benefits was $16. 8 billion, of $8. 0 billion, if recognized, would impact Apple Inc. ’s effective tax rate. In accounting for uncertain tax positions, Apple Inc. uses significant judgment in interpretation application of complex domestic and international tax laws. Auditing management’s evaluation of uncertain tax position likely not to sustained and measurement of benefit of various tax positions can be complex, involves significant judgment is based on interpretations of tax laws and legal rulings. Apple Inc. | 2022 Form 10-K | 50 How We Addressed the Matter in Audit We tested controls relating to evaluation of uncertain tax positions, including controls over management’s assessment tax positions more likely not to sustained, management’s process to measure benefit of tax positions, development of related disclosures. To evaluate Apple Inc. ’s assessment of tax positions more likely than not to sustained, our audit procedures included reading and evaluating management’s assumptions and analysis, and applicable, Apple Inc. ’s communications with taxing authorities, detailed basis and technical merits of uncertain tax positions.involved tax subject resources in assessing technical merits of Apple Inc. ’s tax positions based on knowledge of relevant tax laws experience with related taxing authorities. For certain tax positions received external legal counsel confirmation letters discussed matters with external advisors Apple Inc. tax personnel. evaluated Apple Inc. ’s disclosure relation to matters included in Note 5 to financial statements.  Ernst & Young LLP served as Apple Inc. ’s auditor since 2009. San Jose, California October 27, 2022 Apple Inc. | 2022 Form 10-K | 51 Report of Independent Registered Public Accounting Firm To Shareholders Board of Directors of Apple Inc. Opinion on Internal Control Over Financial Reporting audited Apple Inc. ’s internal control over financial reporting as of September 24, 2022 based on criteria in Internal Control – Integrated Framework by Committee of Sponsoring Organizations of Treadway Commission (2013 framework) (the “COSO criteria”). opinion Apple Inc. maintained effective internal control over financial reporting as of September 24, 2022 based COSO criteria. audited standards of Public Company Accounting Oversight Board (United States) “PCAOB”), consolidated balance sheets of Apple Inc. as of September 24, 2022 and September 25, 2021 related consolidated statements of operations, comprehensive income, shareholders’ equity cash flows for each three years in period ended September 24, 2022 related notes report dated October 27, 2022 expressed unqualified opinion. Basis for Opinion Apple Inc. ’s management responsible for maintaining effective internal control over financial reporting for assessment of effectiveness internal control over financial reporting included in accompanying Management’s Annual Report on Internal Control over Financial Reporting. responsibility to express opinion on Apple Inc. ’s internal control over financial reporting based on audit. public accounting firm registered with PCAOB required to be independent respect to Apple Inc.accordance with U. S. federal securities laws applicable rules and regulations of U. S. Securities and Exchange Commission PCAOB. conducted audit in accordance with standards of PCAOB. standards require plan perform audit to obtain reasonable assurance about effective internal control over financial reporting maintained in material respects. audit included obtaining understanding of internal control over financial reporting assessing risk material weakness exists testing evaluating design operating effectiveness of internal control based on assessed risk performing other procedures as considered necessary in circumstances. believe our audit provides reasonable basis for opinion. Definition and Limitations of Internal Control Over Financial Reporting company’s internal control over financial reporting is process designed to provide reasonable assurance regarding reliability of financial reporting preparation of financial statements for external purposes in accordance with U. S. generally accepted accounting principles. company’s internal control over financial reporting includes policies and procedures (1) pertain to maintenance of records accurately fairly reflect transactions dispositions of assets company; (2) provide reasonable assurance transactions are recorded as necessary to permit preparation of financial statements in accordance with U. S. generally accepted accounting principles, receipts and expenditures company made only in accordance with authorizations of management and directors company; (3) provide reasonable assurance regarding prevention or detection of unauthorized acquisition, use, or disposition of company’s assets could material effect on financial statements. of inherent limitations, internal control over financial reporting may not prevent or detect misstatements. projections of evaluation of effectiveness to future periods subject to risk controls may become inadequate because of changes in conditions or degree of compliance with policies or procedures may deteriorate. \/s\/ Ernst & Young LLP San Jose, California October 27, 2022 Apple Inc. | 2022 Form 10-K | 52 Item 9.Changes in Disagreements with Accountants on Accounting Financial Disclosure None. Item 9A. Controls and Procedures Evaluation of Disclosure Controls and Procedures Based on evaluation under supervision participation of Company’s management, Company’s principal executive officer principal financial officer concluded Company’s disclosure controls procedures defined in Rules 13a-15(e) 15d-15(e) under Exchange Act effective as of September 24, 2022 to provide reasonable assurance that information required to be disclosed by Company in reports files submits under Exchange Act is (i recorded, processed summarized reported within time periods


• in the case of the 2018 Indenture, to add to, change or eliminate any of the provisions of the 2018 Indenture in respect of one or more series of debt securities; provided that any such addition, change or elimination shall become effective only when there is no outstanding security of any series created prior to the execution of such supplemental indenture that is entitled to the benefit of such provision and as to which such supplemental indenture would apply; • to cure any ambiguity, omission, defect or inconsistency; • to change any other provision; provided that the change does not adversely affect the interests of the holders of debt securities of, in the case of the 2013 Indenture any series, and in the case of the 2018 Indenture, any outstanding series, in any material respect; • to supplement any of the provisions of the applicable Indenture to such extent as shall be necessary to permit or facilitate the defeasance and discharge of any series of Notes pursuant to the Indenture; 12 provided that any such action shall not adversely affect the interests of the holders of Notes of such series or any other series of debt securities in any material respect; • to comply with the rules or regulations of any securities exchange or automated quotation system on which any of the Notes may be listed or traded; and • to add to, change or eliminate any of the provisions of the applicable Indenture as shall be necessary or desirable in accordance with any amendments to the Trust Indenture Act of 1939, as amended, and in the case of the 2013 Indenture, provided that such action does not adversely affect the rights or interests of any holder of debt securities in any material respect. The holders of at least a majority in aggregate principal amount of the outstanding Notes of any series may, on behalf of the holders of all Notes of that series, waive compliance by us with certain restrictive provisions of the Indentures. The holders of not less than a majority in aggregate principal amount of the outstanding Notes of a series may, on behalf of the holders of all Notes of that series, waive any past default and its consequences under the applicable Indenture with respect to the Notes of that series, except a default (1) in the payment of principal or premium, if any, or interest on Notes of that series or (2) in respect of a covenant or provision of the applicable Indenture that cannot be modified or amended without the consent of the holder of each Note of that series. Upon any such waiver, such default will cease to exist, and any event of default arising therefrom will be deemed to have been cured, for every purpose of the Indenture; however, no such waiver will extend to any subsequent or other default or event of default or impair any rights consequent thereon. Discharge, Defeasance and Covenant Defeasance We may discharge certain obligations to holders of the Notes of a series that have not already been delivered to the trustee for cancellation and that either have become due and payable or will become due and payable within one year (or scheduled for redemption within one year) by depositing with the trustee, in trust, funds in U.S. dollars in an amount sufficient to pay the entire indebtedness including, but not limited to, the principal and premium, if any, and interest to the date of such deposit (if due and payable) or to the maturity thereof or the redemption date of the Notes of that series, as the case may be. We may direct the trustee to invest such funds in U.S. Treasury securities with a maturity of one year or less or in a money market fund that invests solely in short-term U.S. Treasury securities. The Indentures provide that we may elect either (1) to defease and be discharged from any and all obligations with respect to the Notes of a series (except for, among other things, obligations to register the transfer or exchange of the Notes, to replace temporary or mutilated, destroyed, lost or stolen Notes, to maintain an office or agency with respect to the Notes and to hold moneys for payment in trust) (“legal defeasance”) or (2) to be released from our obligations to comply with the restrictive covenants under the applicable Indenture, and any omission to comply with such obligations will not constitute a default or an event of default with respect to the Notes of a series and clauses (3) and (6) under the caption “Events of Default” above will no longer be applied (“covenant defeasance”). Legal defeasance or covenant defeasance, as the case may be, will be conditioned upon, among other things, the irrevocable deposit by us with the trustee, in trust, of an amount in U.S. dollars, or U.S. government obligations (as such term is modified below), or both, applicable to the Notes of that series which through the scheduled payment of principal and interest in accordance with their terms will provide money in an amount sufficient to pay the principal or premium, if any, and interest on the Notes on the scheduled due dates therefor. If we effect covenant defeasance with respect to the Notes of any series, the amount in U.S. dollars, or U.S. government obligations (as such term is modified below), or both, on deposit with the trustee will be sufficient, in the opinion of a nationally recognized firm of independent accountants, to pay amounts due on the Notes of that series at the time of the stated maturity but may not be sufficient to pay amounts due on the Notes of that series at the time of the acceleration resulting from such event of default. However, we would remain liable to make payment of such amounts due at the time of acceleration. With respect to the 2022 Notes, the 2024 Notes, the 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 certificates, depositary receipts or other instruments which evidence a direct ownership interest in obligations described in clause (x)(i) or (x)(ii) above or in any specific principal or interest payments due in respect thereof. With respect to the 3.050% 2029 Notes and the 2042 Notes, the term “U.S. government obligations” shall instead mean (x) any security that is (i) a direct obligation of the United Kingdom government or (ii) an obligation of a person controlled or supervised by and acting as an agency or instrumentality of the United Kingdom government the payment of which is fully and unconditionally guaranteed by the United Kingdom government or the central bank of the United Kingdom government, which, in either case (x)(i) or (ii), is not callable or redeemable at the option of the issuer thereof, and (y) certificates, depositary receipts or other instruments which evidence a direct ownership interest in obligations described in clause (x)(i) or (x)(ii) above or in any specific principal or interest payments due in respect thereof. We will be required to deliver to the trustee an opinion of counsel that the deposit and related defeasance will not cause the holders and beneficial owners of the Notes of that series to recognize income, gain or loss for federal income tax purposes. If we elect legal defeasance, that opinion of counsel must be based upon a ruling from the U.S. Internal Revenue Service or a change in law to that effect. We may exercise our legal defeasance option notwithstanding our prior exercise of our covenant defeasance option. Book-Entry and Settlement The Notes were issued in book-entry form and are represented by global notes deposited with, or on behalf of, a common depositary on behalf of Euroclear and Clearstream, and are registered in the name of the common depositary or its nominee. Except as described herein, certificated notes will not be issued in exchange for beneficial interests in the global notes. Certificated Notes Subject to certain conditions, the Notes represented by the global notes are exchangeable for certificated notes in definitive form of like tenor, in minimum denominations of €100,000 principal amount and integral multiples of €1,000 in excess thereof in the case of the 2022 Notes, the 2024 Notes, the 0.000% 2025 Notes, the 0.875% 2025 Notes, the 2026 Notes, the 2027 Notes, the 1.375% 2029 Notes and the 2031 Notes, and in minimum denominations of £100,000 principal amount and integral multiples of £1,000 in excess thereof in the case of the 3.050% 2029 Notes and the 2042 Notes, if: 1. the common depositary notifies us that it is unwilling or unable to continue as depositary or

• in case of 2018 Indenture, to add to, change or eliminate provisions of 2018 Indenture in respect of one or more series of debt securities; provided any addition, change or elimination effective only when no outstanding security of any series created prior to execution of supplemental indenture entitled to benefit of such provision and to which supplemental indenture apply; • to cure any ambiguity, omission, defect or inconsistency; • to change any other provision; provided change not adversely affect interests of holders of debt securities of in case of 2013 Indenture any series, and in 2018 Indenture, any outstanding series, in material respect; • to supplement provisions of applicable Indenture to extent necessary to permit or facilitate defeasance and discharge of any series of Notes pursuant to Indenture; 12 provided action not adversely affect interests of holders of Notes of such series or any other series of debt securities in material respect; • to comply with rules or regulations of any securities exchange or automated quotation system on which Notes listed or traded; and • to add to, change or eliminate provisions of applicable Indenture as necessary or desirable in accordance with amendments to Trust Indenture Act of 1939, as amended, and in case of 2013 Indenture, provided such action does not adversely affect rights or interests of any holder of debt securities in material respect. holders of at least a majority in aggregate principal amount of outstanding Notes of any series may, on behalf of holders of all Notes of series, waive compliance with certain restrictive provisions of Indentures.holders of a majority in aggregate principal amount of outstanding Notes of a series may, on behalf of holders all Notes series, waive any past default and its consequences under applicable Indenture with respect to Notes series, except a default (1) in payment of principal or premium, or interest on Notes series or (2) in respect of a covenant or provision of applicable Indenture cannot be modified or amended without consent of holder of each Note of series. Upon waiver, such default will cease to exist, and any event of default arising therefrom will be deemed to cured for Indenture;, no such waiver will extend to any subsequent or other default or event default or impair rights consequent thereon. Discharge, Defeasance and Covenant Defeasance We may discharge certain obligations to holders of Notes of a series not delivered to trustee for cancellation and become due and payable or will become due and payable within one year (or scheduled for redemption within one year) by depositing with trustee, in trust, funds in U. S. dollars in amount sufficient to pay entire indebtedness including principal and premium, and interest to date of deposit (if due and payable) or to maturity or redemption date of Notes of series, as. We may direct trustee to invest such funds in U. S. Treasury securities with maturity of one year or less or in a money market fund invests solely in short-term U. S. Treasury securities.Indentures provide we may elect (1) to defease be discharged from obligations with respect to Notes of a series (except for, obligations to register transfer or exchange of Notes, replace temporary or mutilated, destroyed, lost or stolen Notes, maintain office or agency Notes hold moneys for payment in trust) (“legal defeasance”) or (2) to be released from our obligations to comply with restrictive covenants under applicable Indenture, omission to comply with obligations not constitute a default or event of default with to Notes of series and clauses (3) and (6) under caption “Events of Default” above will no longer be applied (“covenant defeasance”). Legal defeasance or covenant defeasance, conditioned upon irrevocable deposit by us with trustee, in trust, of amount in U. S. dollars, or U. S. government obligations (as modified below), or both, applicable to Notes of that series which through scheduled payment of principal and interest in accordance with terms will provide money in amount sufficient to pay principal or premium, if, and interest on Notes on scheduled due dates therefor. If we effect covenant defeasance with respect to Notes of any series, amount in U. S. dollars, or U. S. government obligations (as modified below), or both, on deposit with trustee will be sufficient, in opinion of nationally recognized firm of independent accountants, to pay amounts due on Notes of that series at time of stated maturity but may not be sufficient to pay amounts due on Notes series at time of acceleration resulting from event of default. However we remain liable to make payment of such amounts due at time of acceleration. With respect to 2022 Notes, 2024 Notes, 0. 000% 2025 Notes, 0.875% 2025 Notes, 2026 Notes, 2027 Notes, 1. 375% 2029 Notes 2031 Notes, term “U. S. government obligations” mean (x) any security (i) direct obligation of German government or (ii) obligation of person controlled or supervised by acting as agency or instrumentality of German government payment 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 certificates, depositary receipts or other instruments evidence direct ownership interest in obligations described in clause (x)(i) or (x)(ii) above or in specific principal or interest payments due in respect thereof. respect to 3. 050% 2029 Notes and 2042 Notes, term “U. S. government obligations” mean (x) any security (i) direct obligation of United Kingdom government or (ii) obligation of person controlled or supervised by acting agency or instrumentality of United Kingdom government payment fully unconditionally guaranteed by United Kingdom government or central bank of United Kingdom government, in either case (x)(i) or (ii), not callable or redeemable at option of issuer, and (y) certificates, depositary receipts or other instruments evidence direct ownership interest in obligations described in clause (x)(i) or (x)(ii) above or in any specific principal or interest payments due in respect thereof. required to deliver to trustee opinion of counsel that deposit and related defeasance will not cause holders and beneficial owners of Notes of series to recognize income, gain or loss for federal income tax purposes. If elect legal defeasance, opinion of counsel must be based upon ruling from U. S. Internal Revenue Service or change in law to effect.exercise legal defeasance option notwithstanding prior exercise of covenant defeasance option. Book-Entry and Settlement Notes issued in book-entry form represented by global notes deposited with or on behalf of common depositary on behalf of Euroclear and Clearstream registered in name of common depositary or nominee. Except described certificated notes not issued in exchange for beneficial interests in global notes. Certificated Notes Subject to certain conditions Notes represented by global notes exchangeable for certificated notes in definitive form of like tenor minimum denominations of €100,000 principal amount integral multiples of €1,000 in excess thereof in case of 2022 Notes, 2024 Notes, 0. 000% 2025 Notes, 0. 875% 2025 Notes, 2026 Notes, 2027 Notes, 1. 375% 2029 Notes 2031 Notes, minimum denominations of £100,000 principal amount integral multiples of £1,000 in excess thereof in case of 3. 050% 2029 Notes and 2042 Notes, if: 1. common depositary notifies us unwilling or unable to continue as depositary or


Share-Based Compensation
The following table shows share-based compensation expense and the related income tax benefit included in the Consolidated
Statements of Operations for 2022 , 2021  and 2020  (in millions):
2022 2021 2020
Share-based compensation expense $ 9,038 $ 7,906 $ 6,829
Income tax benefit related to share-based compensation expense $ (4,002) $ (4,056) $ (2,476)
As of September 24, 2022 , the total unrecognized compensation cost related to outstanding RSUs and stock options was $16.7
billion , which the Company expects to recognize over a weighted-average period of 2.6 years .
Note 10 – Commitments and Contingencies
Concentrations  in the Available Sources of Supply of Materials and Product
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 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
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.
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.
Unconditional Purchase Obligations
The Company has entered into certain off–balance sheet commitments that require the future purchase of goods or services
(“unconditional purchase obligations”). The Company’s unconditional purchase obligations primarily consist of payments for
supplier arrangements, internet services and content creation. Future payments under noncancelable unconditional purchase
obligations with a remaining term in excess of one year as of September 24, 2022 , are as follows (in millions):
2023 $ 13,488
2024  4,876
2025  1,418
2026  6,780
2027  312
Thereafter  412
Total $ 27,286
Contingencies
The Company is subject

Share-Based Compensation
 table shows share-based compensation expense related income tax benefit in Consolidated
 Statements of Operations for 2022 , 2021 2020 (in millions):
 2022 2021 2020
 Share-based compensation expense $ 9,038 $ 7,906 $ 6,829
 Income tax benefit related to share-based compensation expense $ (4,002) $ (4,056) $ (2,476)
 As of September 24, 2022 , total unrecognized compensation cost related to outstanding RSUs and stock options was $16. 7
 billion , Company expects to recognize over weighted-average period of 2. 6 years.
 Note 10 – Commitments and Contingencies
 Concentrations in Available Sources of Supply of Materials and Product
 most components essential to Company’s business available from multiple sources, certain
 components obtained from single or limited sources. Company competes for components with
 other participants in markets for smartphones, personal computers tablets wearables accessories. many
 components used Company including multiple sources, subject to industry-wide
 shortage significant commodity pricing fluctuations.
 Company uses some custom components not commonly used by competitors new products introduced
 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 matured or manufacturing capacities
 increased. continued availability of components at acceptable prices may be affected if suppliers
 concentrate on production of common components instead of components customized requirements.
 all Company’s hardware products manufactured by outsourcing partners primarily in
 Asia some Mac computers manufactured in U. S. and Ireland.
 Unconditional Purchase Obligations
 Company entered into certain off–balance sheet commitments require future purchase of goods or services
 (“unconditional purchase obligations”).Company’s unconditional purchase obligations consist payments for
 supplier arrangements internet services content creation. Future payments under noncancelable purchase
 obligations remaining term one year as of September 24, 2022 (in millions):
 2023 $ 13,488
 2024 4,876
 2025 1,418
 2026 6,780
 2027 312
 Thereafter 412
 Total $ 27,286
 Contingencies
 Company subject


000% 2025 Notes, the 0.875% 2025 Notes, the 1.375% 2029 Notes and the 2031
Notes at our option, at any time in whole or from time to time in part, prior to the applicable Par Call Date at a
redemption price equal to the greater of:
•100% of the principal amount of the Notes to be redeemed; or
•the sum of the present values of the remaining scheduled payments of principal and interest thereon
assuming that the Notes matured on the applicable Par Call Date (not including any portion of such
payments of interest accrued as of the date of redemption), discounted to the date of redemption on an
annual basis (ACTUAL/ACTUAL (ICMA)) at the applicable Comparable Government Bond Rate (as
defined below), plus 10 basis points in the case of the 0.000% 2025 Notes, plus 15 basis points in the
case of the 0.875% 2025 Notes and the 2031 Notes, and 20 basis points in the case of the 2029 Notes.
“Par Call Date” means (i) with respect to the 0.000% 2025 Notes, August 15, 2025 (three months prior to the
maturity date of the 0.000% 2025 Notes), (ii) with respect to the 0.875% 2025 Notes, February 24, 2025 (three
months prior to 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

000% 2025 Notes, 0. 875% 2025 Notes, 1. 375% 2029 Notes and 2031
 Notes at our option, any time in whole or in part, prior to applicable Par Call Date at
 redemption price equal to greater of:
 •100% of principal amount of Notes to be redeemed; or
 •the sum of present values of remaining scheduled payments of principal and interest
 assuming Notes matured on applicable Par Call Date (not including portion of
 payments of interest accrued as of date of redemption), discounted to date of redemption on
 annual basis (ACTUAL/ACTUAL (ICMA)) at applicable Comparable Government Bond Rate (as
 defined below), plus 10 basis points in 0. 000% 2025 Notes, plus 15 basis points in
 case 0. 875% 2025 Notes and 2031 Notes, 20 basis points in 2029 Notes.
 “Par Call Date” means respect to 0. 000% 2025 Notes, August 15, 2025 (three months prior to
 maturity date of 0. 000% 2025 Notes), (ii 0. 875% 2025 Notes, February 24, 2025 (three
 months prior to maturity date of 0. 875% 2025 Notes), 1. 375% 2029 Notes, February
 24, 2029 (three months prior to maturity date of 1. 375% 2029 Notes) (iv) respect to 2031 Notes,
 August 15, 2031 (three months prior to maturity of 2031 Notes).
 7


UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended September 24, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission File Number: 001-36743 Apple Inc. (Exact name of Registrant as specified in its charter) California 94-2404110 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) One Apple Park Way Cupertino, California 95014 (Address of principal executive offices) (Zip Code) (408) 996-1010 (Registrant’s telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading symbol(s) Name of each exchange on which registered Common Stock, $0.00001 par value per share AAPL The Nasdaq Stock Market LLC 1.000% Notes due 2022 — The Nasdaq Stock Market LLC 1.375% Notes due 2024 — The Nasdaq Stock Market LLC 0.000% Notes due 2025 — The Nasdaq Stock Market LLC 0.875% Notes due 2025 — The Nasdaq Stock Market LLC 1.625% Notes due 2026 — The Nasdaq Stock Market LLC 2.000% Notes due 2027 — The Nasdaq Stock Market LLC 1.375% Notes due 2029 — The Nasdaq Stock Market LLC 3.050% Notes due 2029 — The Nasdaq Stock Market LLC 0.500% Notes due 2031 — The Nasdaq Stock Market LLC 3.600% Notes due 2042 — The Nasdaq Stock Market LLC Securities registered pursuant to Section 12(g) of the Act: None Indicate by check mark if the Registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes ☒ No ☐ Indicate by check mark if the Registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes ☐ No ☒ Indicate by check mark whether the Registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the Registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐ Indicate by check mark whether the Registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the Registrant was required to submit such files). Yes ☒ No ☐ Indicate by check mark whether the Registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. Large accelerated filer ☒ Accelerated filer ☐ Non-accelerated filer ☐ Smaller reporting company ☐ Emerging growth company ☐ If an emerging growth company, indicate by check mark if the Registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐ Indicate by check mark whether the Registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report. ☒ Indicate by check mark whether the Registrant is a shell company (as defined in Rule 12b-2 of the Act). Yes ☐ No ☒ The aggregate market value of the voting and non-voting stock held by non-affiliates of the Registrant, as of March 25, 2022, the last business day of the Registrant’s most recently completed second fiscal quarter, was approximately $2,830,067,000,000. Solely for purposes of this disclosure, shares of common stock held by executive officers and directors of the Registrant as of such date have been excluded because such persons may be deemed to be affiliates. This determination of executive officers and directors as affiliates is not necessarily a conclusive determination for any other purposes. 15,908,118,000 shares of common stock were issued and outstanding as of October 14, 2022. DOCUMENTS INCORPORATED BY REFERENCE Portions of the Registrant’s definitive proxy statement relating to its 2023 annual meeting of shareholders are incorporated by reference into Part III of this Annual Report on Form 10-K where indicated. The Registrant’s definitive proxy statement will be filed with the U.S. Securities and Exchange Commission within 120 days after the end of the fiscal year to which this report relates. Apple Inc. Form 10-K For the Fiscal Year Ended September 24, 2022 TABLE OF CONTENTS Page Part I Item 1. Business 1 Item 1A. Risk Factors 5 Item 1B. Unresolved Staff Comments 17 Item 2. Properties 17 Item 3. Legal Proceedings 17 Item 4. Mine Safety Disclosures 17 Part II Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 18 Item 6. [Reserved] 19 Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations 20 Item 7A. Quantitative and Qualitative Disclosures About Market Risk 26 Item 8. Financial Statements and Supplementary Data 28 Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 53 Item 9A. Controls and Procedures 53 Item 9B. Other Information 54 Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 54 Part III Item 10. Directors, Executive Officers and Corporate Governance 54 Item 11. Executive Compensation 54 Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 54 Item 13. Certain Relationships and Related Transactions, and Director Independence 54 Item 14. Principal Accountant Fees and Services 54 Part IV Item 15. Exhibit and Financial Statement Schedules 55 Item 16. Form 10-K Summary 57 This Annual Report on Form 10-K (“Form 10-K”) contains forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, that involve risks and uncertainties. Many of the forward-looking statements are located in Part I, Item 1 of this Form 10-K under the heading “Business” and Part II, Item 7 of this Form 10-K under the heading “Management’s Discussion and Analysis of Financial Condition and Results of Operations.” Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. For example, statements in this Form 10-K regarding the potential future impact of the COVID-19 pandemic on the Company’s business and results of operations are forward-looking statements. Forward-looking statements can also be identified 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

UNITED STATES SECURITIES EXCHANGE COMMISSION Washington, D. C. 20549 FORM 10-K (Mark One) ANNUAL REPORT PURSUANT SECTION 13 OR 15(d) SECURITIES EXCHANGE ACT OF 1934 fiscal year ended September 24, 2022 TRANSITION REPORT SECTION 13 OR 15(d) SECURITIES EXCHANGE ACT OF 1934 transition period from to. Commission File Number: 001-36743 Apple Inc. (Exact name Registrant specified charter) California 94-2404110 (State or jurisdiction of incorporation organization) (I. R. S. Employer Identification No. ) One Apple Park Way Cupertino, California 95014 (Address principal executive offices) (Zip Code) (408) 996-1010 (Registrant’s telephone number including area code) Securities registered Section 12(b) Act: Title each class Trading symbol(s) Name each exchange registered Common Stock, $0. 00001 par value per share AAPL Nasdaq Stock Market LLC 1. 000% Notes due 2022 — Nasdaq Stock Market LLC 1. 375% Notes due 2024 — Nasdaq Stock Market LLC 0. 000% 2025 — Nasdaq Stock Market LLC 0. 875% 2025 — LLC 1. 625% 2026 — Nasdaq Stock Market LLC 2. 000% 2027 — Nasdaq Stock Market LLC 1. 375% due 2029 — Nasdaq Stock Market LLC 3. 050% Notes due 2029 — Nasdaq Stock Market LLC 0. 500% due 2031 — Nasdaq Stock Market LLC 3. 600% Notes due 2042 — Nasdaq Stock Market LLC Securities registered Section 12(g) Act: None Indicate check mark if Registrant well-known seasoned issuer defined Rule 405 Securities Act.Yes ☒ No ☐ Indicate check mark if Registrant not required to file reports to Section 13 or Section 15(d) of Act. Yes ☐ No ☒ Indicate check mark whether Registrant (1) has filed all reports required by Section 13 or 15(d) of Securities Exchange Act of 1934 during preceding 12 months (or shorter period reports), and (2) been subject to such filing requirements for past 90 days. Yes ☒ No ☐ Indicate check mark whether Registrant submitted electronically every Interactive Data File required to Rule 405 of Regulation S-T (§232. 405 of chapter) during preceding 12 months (or shorter period. Yes ☒ No ☐ Indicate check mark whether Registrant is a large accelerated filer, accelerated filer, non-accelerated filer, smaller reporting company, or emerging growth company. See definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of Exchange Act. Large accelerated filer ☒ Accelerated filer ☐ Non-accelerated filer ☐ Smaller reporting company ☐ Emerging growth company ☐ If emerging growth company, indicate check mark if Registrant elected not to use extended transition period for complying with new or revised financial accounting standards Section 13(a) of Exchange Act. ☐ Indicate check mark whether Registrant has filed report on and attestation to management’s assessment of effectiveness of internal control over financial reporting under Section 404(b) of Sarbanes-Oxley Act (15 U. S. C. 7262(b)) by registered public accounting firm that prepared or issued audit report. ☒ Indicate check mark whether Registrant is a shell company (as defined in Rule 12b-2 of Act).Yes ☐ No ☒ aggregate market value of voting and non-voting stock held by non-affiliates of Registrant as of March 25, 2022, last business day of Registrant’s second fiscal quarter, was approximately $2,830,067,000,000. shares common stock held by executive officers directors Registrant excluded may be affiliates. determination of officers directors as affiliates not conclusive determination for other. 15,908,118,000 shares of common stock issued and outstanding as of October 14, 2022. DOCUMENTS INCORPORATED BY REFERENCE Registrant’s definitive proxy statement to 2023 annual meeting of shareholders incorporated by reference into Part III of Annual Report on Form 10-K. proxy statement filed with U. S. Securities and Exchange Commission within 120 days after end of fiscal year report. Apple Inc. Form 10-K For Fiscal Year Ended September 24, 2022 TABLE OF CONTENTS Page Part I Item 1. Business 1 Item 1A. Risk Factors 5 Item 1B. Unresolved Staff Comments 17 Item 2. Properties 17 Item 3. Legal Proceedings 17 Item 4. Mine Safety Disclosures 17 Part II Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters Issuer Purchases of Equity Securities 18 Item 6. [Reserved] 19 Item 7. Management’s Discussion Analysis of Financial Condition Results of Operations 20 Item 7A. Quantitative Qualitative Disclosures About Market Risk 26 Item 8. Financial Statements Supplementary Data 28 Item 9. Changes in Disagreements with Accountants on Accounting and Financial Disclosure 53 Item 9A. Controls and Procedures 53 Item 9B. Other Information 54 Item 9C. Disclosure Regarding Foreign Jurisdictions Prevent Inspections 54 Part III Item 10. Directors, Executive Officers Corporate Governance 54 Item 11.Executive Compensation 54 Item 12. Security Ownership of Beneficial Owners Management Related Stockholder Matters 54 Item 13. Certain Relationships Related Transactions Director Independence 54 Item 14. Principal Accountant Fees Services 54 Part IV Item 15. Exhibit Financial Statement Schedules 55 Item 16. Form 10-K Summary 57 Annual Report on Form 10-K (“Form 10-K”) contains forward-looking statements, meaning Private Securities Litigation Reform Act of 1995, involve risks uncertainties. forward-looking statements located in Part I, Item 1 Form 10-K heading “Business” Part II, Item 7 Form 10-K heading “Management’s Discussion Analysis of Financial Condition Results of Operations. ” Forward-looking statements provide current expectations of future events based on assumptions include any statement not directly relate to historical or current fact. For example, statements in Form 10-K regarding potential future impact of COVID-19 pandemic on Company’s business results of operations are forward-looking statements. Forward-looking statements identified 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 might cause differences include not to those discussed in Part I, Item


Consolidation, Merger and Sale of Assets
The Indentures provide that we may consolidate with or merge with or into any other person, and may sell,
transfer, or lease or convey all or substantially all of our properties and assets to another person; provided that the
following conditions are satisfied:
•we are the continuing entity, or the resulting, surviving or transferee person (the “Successor”) is a
person (if such person is not a corporation, then the Successor will include a corporate co-issuer of the
debt securities) organized and existing under the laws of the United States of America, any state thereof
or the District of Columbia and the Successor (if not us) will expressly assume, by supplemental
indenture, all of our obligations under the debt securities and the applicable Indenture and, for each
security that by its terms provides for conversion, provide for

Consolidation, Merger Sale of Assets
 Indentures provide we may consolidate with merge with into any other person, may sell
 transfer lease convey all or substantially all our properties and assets to another person; provided
 following conditions are satisfied:
 •we are continuing entity, or resulting, surviving or transferee person (the “Successor”) is a
 person (if person not a corporation Successor will include corporate co-issuer of
 debt securities) organized existing under laws of United States of America, any state thereof
 or District of Columbia Successor (if not us) will expressly assume, by supplemental
 indenture, all our obligations under debt securities and applicable Indenture for each
 security terms provides for conversion, provide for


The 2027 Notes
We issued €1,000,000,000 aggregate principal amount of the 2027 Notes on September 17, 2015. The
maturity date of the 2027 Notes is September 17, 2027, and interest at a rate of 2.000% per annum is paid annually
on September 17 of each year, beginning on September 17, 2016, and on the maturity date. As of October 14, 2022 ,
€1,000,000,000  aggregate principal amount of the 2027 Notes was outstanding.
The 1.375% 2029 Notes
We issued €1,250,000,000 aggregate principal amount of the 1.375% 2029 Notes on May 24, 2017. The
maturity date of the 1.375% 2029 Notes is May 24, 2029, and interest at a rate of 1.375% per annum is paid annually
on May 24 of each year,

2027 Notes
 issued €1,000,000,000 aggregate principal amount 2027 Notes on September 17, 2015.
 maturity date 2027 Notes is September 17, 2027, interest at rate of 2. 000% per annum paid annually
 September 17 each year beginning September 17, 2016, maturity date. As of October 14, 2022 ,
 €1,000,000,000 aggregate principal amount of 2027 Notes outstanding.
 1. 375% 2029 Notes
 issued €1,250,000,000 aggregate principal amount 1. 375% 2029 Notes on May 24, 2017.
 maturity date of 1. 375% 2029 Notes is May 24, 2029, interest rate of 1. 375% per annum paid annually
 May 24 each year,


 as of September  24, 2022  and September  25, 2021 , the related
consolidated statements of operations, comprehensive income, shareholders’ equity and cash flows for each of the three years
in the period ended September 24, 2022 , and the related notes and our report dated October 27, 2022  expressed an unqualified
opinion thereon.
Basis for Opinion
Apple Inc.’s management is responsible for maintaining effective internal control over financial reporting, and for its assessment
of the effectiveness of internal control over financial reporting included in the accompanying Management’s Annual Report on
Internal Control over Financial Reporting. Our responsibility is to express an opinion on Apple Inc.’s internal control over financial
reporting based on our audit. We are a public accounting firm registered with the PCAOB and are required to be independent
with respect to Apple Inc. in accordance with the U.S. federal securities laws

of September 24, 2022 September 25, 2021  related
 consolidated statements of operations, comprehensive income shareholders’ equity cash flows for each three years
 period ended September 24, 2022 related notes our report dated October 27, 2022 expressed unqualified
 opinion.
 Basis for Opinion
 Apple Inc. ’s management responsible for maintaining effective internal control over financial reporting assessment
 of effectiveness internal control financial reporting included in accompanying Management’s Annual Report on
 Internal Control over Financial Reporting. Our responsibility to express opinion on Apple Inc. ’s internal control over financial
 reporting based on our audit. We public accounting firm registered with PCAOB required to be independent
 with respect to Apple Inc. accordance U. S. federal securities laws


The following table shows the fair value of the Company’s non-current marketable debt securities, by contractual maturity, as of
September 24, 2022  (in millions):
Due after 1 year through 5 years $ 87,031
Due after 5 years through 10 years  16,429
Due after 10 years  17,345
Total fair value $ 120,805
Derivative Instruments and Hedging
The Company may use derivative instruments to partially offset its business exposure to foreign exchange and interest rate risk.
However, the Company may choose not to hedge certain exposures for a variety of reasons including accounting considerations
or the prohibitive economic cost of hedging particular exposures. There can be no assurance the hedges will offset more than a
portion of the financial impact resulting from movements in foreign exchange or interest rates.
Foreign Exchange Risk
To protect gross margins from fluctuations in foreign currency exchange rates, the Company may enter into forward contracts,
option contracts or other instruments, and may designate these instruments as cash flow hedges. The Company generally
hedges portions of its forecasted foreign currency exposure associated with revenue and inventory purchases, typically  for up to
12 months .
To protect the Company’s foreign currency–denominated term debt or marketable securities from fluctuations in foreign currency
exchange rates, the Company may enter into forward contracts, cross-currency swaps or other instruments. The Company
designates these instruments as either cash flow or fair value hedges. As of September 24, 2022 , the maximum length of time
over which the Company is hedging its exposure to the variability in future cash flows for term debt–related foreign currency
transactions is 20 years .
The Company may also enter into derivative instruments that are not designated as accounting hedges to protect gross margins
from certain fluctuations in foreign currency exchange rates, as well as to offset a portion of the foreign currency exchange gains
and losses generated by the remeasurement of certain assets and liabilities denominated in non-functional currencies.
Interest Rate Risk
To protect the Company’s term debt or marketable securities from fluctuations in interest rates, the Company may enter into
interest rate swaps, options or other instruments. The Company designates these instruments as either cash flow or fair value
hedges.
The notional amounts of the Company’s outstanding derivative instruments as of September 24, 2022  and September 25, 2021
were as follows (in millions):
2022 2021
Derivative instruments designated as accounting hedges:
Foreign exchange contracts $ 102,670 $ 76,475
Interest rate contracts $ 20,125 $ 16,875
Derivative instruments not designated as accounting hedges:
Foreign exchange contracts $ 185,381 $ 126,918
Apple Inc

table shows fair value Company’s non-current marketable debt securities by contractual maturity, as of
 September 24, 2022 (in millions):
 Due after 1 year through 5 years $ 87,031
 Due after 5 years through 10 years 16,429
 Due after 10 years 17,345
 Total fair value $ 120,805
 Derivative Instruments and Hedging
 Company may use derivative instruments to partially offset business exposure to foreign exchange interest rate risk.
 Company may choose not to hedge certain exposures for reasons including accounting considerations
 prohibitive economic cost hedging. no assurance hedges will offset more
 portion financial impact from movements foreign exchange or interest rates.
 Foreign Exchange Risk
 To protect gross margins from fluctuations foreign currency exchange rates, Company may enter into forward contracts,
 option contracts other instruments may designate instruments as cash flow hedges. Company
 hedges portions of forecasted foreign currency exposure associated with revenue inventory purchases for up to
 12 months.
 To protect foreign currency–denominated term debt or marketable securities from fluctuations foreign currency
 exchange rates, Company may enter into forward contracts, cross-currency swaps other instruments. Company
 designates these instruments as cash flow or fair value hedges. As of September 24, 2022 maximum length of time
 Company hedging exposure to variability future cash flows for term debt–related foreign currency
 transactions is 20 years.
 Company may enter into derivative instruments not as accounting hedges to protect gross margins
 from fluctuations foreign currency exchange rates to offset portion foreign currency exchange gains
 losses generated by remeasurement of assets and liabilities denominated in non-functional currencies.
 Interest Rate Risk
 To protect Company’s term debt marketable securities from fluctuations interest rates, Company may enter into
 interest rate swaps, options other instruments.Company designates instruments as cash flow or fair value
 hedges.
 notional amounts outstanding derivative instruments as of September 24, 2022 September 25, 2021
 millions):
 2022 2021
 Derivative instruments accounting hedges
 Foreign exchange contracts $ 102,670 $ 76,475
 Interest rate contracts $ 20,125 $ 16,875
 Derivative instruments not hedges
 Foreign exchange contracts $ 185,381 $ 126,918
 Apple Inc


Exhibit 21.1
Subsidiaries of
Apple Inc.*
Jurisdiction
of Incorporation
Apple Asia Limited Hong Kong
Apple Asia LLC Delaware, U.S.
Apple Canada Inc. Canada
Apple Computer Trading (Shanghai) Co., Ltd. China
Apple Distribution International Limited Ireland
Apple India Private Limited India
Apple Insurance Company, Inc. Arizona, U.S.
Apple Japan, Inc. Japan
Apple Korea Limited South Korea
Apple Operations Europe Limited Ireland
Apple Operations International Limited Ireland
Apple Operations Limited Ireland
Apple Operations Mexico, S.A. de C.V. Mexico
Apple Pty Limited Australia
Apple Sales International Limited Ireland
Apple South Asia (Thailand) Limited Thailand
Apple Vietnam Limited Liability Company Vietnam
Braeburn Capital, Inc. Nevada, U.S.
iTunes K.K. Japan
* Pursuant to Item 601(b)(21)(ii

Exhibit 21. 1
 Subsidiaries
 Apple Inc.
 Jurisdiction
 Incorporation
 Apple Asia Limited Hong Kong
 Apple Asia LLC Delaware U. S.
 Apple Canada Inc.
 Apple Computer Trading (Shanghai) Co. Ltd. China
 Apple Distribution International Limited Ireland
 Apple India Private Limited India
 Apple Insurance Company. Arizona U. S.
 Apple Japan.
 Apple Korea Limited South Korea
 Apple Operations Europe Limited Ireland
 Apple Operations International Limited
 Apple Operations Mexico. Mexico
 Apple Pty Limited Australia
 Apple Sales International Limited Ireland
 Apple South Asia) Limited Thailand
 Apple Vietnam Limited Company Vietnam
 Braeburn Capital Inc. Nevada U. S.
 iTunes. Japan
 Pursuant Item(b)(21)(ii


governmental agreement entered into in connection with the
implementation of such sections of the Code; or
(10)in the case of any combination of items (1) through (9) above.
The Notes are subject in all cases to any tax, fiscal or other law or regulation or administrative or judicial
interpretation applicable to the Notes. Except as specifically provided under this heading “—Payment of Additional
Amounts,” the Company will not be required to make any payment for any Tax imposed by any government or a
political subdivision or taxing authority of or in any government or political subdivision. As used under “—Payment of
Additional Amounts” and under “—Redemption for Tax Reasons,” the term “United States” means the United States
6

governmental agreement entered into in connection with
 implementation of sections of Code; or
 (10)in case of combination of items (1) through (9) above.
 Notes subject to any tax, fiscal or other law or regulation administrative or judicial
 interpretation applicable to Notes. Except specifically provided under this heading “—Payment of Additional
 Amounts,” Company not required to make payment for any Tax imposed by any government or
 political subdivision or taxing authority government subdivision. As used under “—Payment of
 Additional Amounts” and “—Redemption for Tax Reasons,” term “United States” means United States
 6


(4,774) (215) Other 111 (147) (97) Changes in operating assets and liabilities: Accounts receivable, net (1,823) (10,125) 6,917 Inventories 1,484 (2,642) (127) Vendor non-trade receivables (7,520) (3,903) 1,553 Other current and non-current assets (6,499) (8,042) (9,588) Accounts payable 9,448 12,326 (4,062) Deferred revenue 478 1,676 2,081 Other current and non-current liabilities 5,632 5,799 8,916 Cash generated by operating activities 122,151 104,038 80,674 Investing activities: Purchases of marketable securities (76,923) (109,558) (114,938) Proceeds from maturities of marketable securities 29,917 59,023 69,918 Proceeds from sales of marketable securities 37,446 47,460 50,473 Payments for acquisition of property, plant and equipment (10,708) (11,085) (7,309) Payments made in connection with business acquisitions, net (306) (33) (1,524) Other (1,780) (352) (909) Cash used in investing activities (22,354) (14,545) (4,289) Financing activities: Payments for taxes related to net share settlement of equity awards (6,223) (6,556) (3,634) Payments for dividends and dividend equivalents (14,841) (14,467) (14,081) Repurchases of common stock (89,402) (85,971) (72,358) Proceeds from issuance of term debt, net 5,465 20,393 16,091 Repayments of term debt (9,543) (8,750) (12,629) Proceeds from\/(Repayments of) commercial paper, net 3,955 1,022 (963) Other (160) 976 754 Cash used in financing activities (110,749) (93,353) (86,820) Decrease in cash, cash equivalents and restricted cash (10,952) (3,860) (10,435) Cash, cash equivalents and restricted cash, ending balances $ 24,977 $ 35,929 $ 39,789 Supplemental cash flow disclosure: Cash paid for income taxes, net $ 19,573 $ 25,385 $ 9,501 Cash paid for interest $ 2,865 $ 2,687 $ 3,002 See accompanying Notes to Consolidated Financial Statements. Apple Inc. | 2022 Form 10-K | 33 Apple Inc. Notes to Consolidated Financial Statements Note 1 – Summary of Significant Accounting Policies Basis of Presentation and Preparation The consolidated financial statements include the accounts of Apple Inc. and its wholly owned subsidiaries (collectively “Apple” or the “Company”). Intercompany accounts and transactions have been eliminated. The preparation of these consolidated financial statements and accompanying notes in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the amounts reported. Actual results could differ materially from those estimates. Certain prior period amounts in the consolidated financial statements and accompanying notes have been reclassified to conform to the current period’s presentation. The Company’s fiscal year is the 52- or 53-week period that ends on the last Saturday of September. An additional week is included in the first fiscal quarter every five or six years to realign the Company’s fiscal quarters with calendar quarters, which will occur in the first quarter of the Company’s fiscal year ending September 30, 2023. The Company’s fiscal years 2022, 2021 and 2020 spanned 52 weeks each. Unless otherwise stated, references to particular years, quarters, months and periods refer to the Company’s fiscal years ended in September and the associated quarters, months and periods of those fiscal years. Revenue Recognition Net sales consist of revenue from the sale of iPhone, Mac, iPad, Services and other products. The Company recognizes revenue at the amount to which it expects to be entitled when control of the products or services is transferred to its customers. Control is generally transferred when the Company has a present right to payment and title and the significant risks and rewards of ownership of products or services are transferred to its customers. For most of the Company’s Products net sales, control transfers when products are shipped. For the Company’s Services net sales, control transfers over time as services are delivered. Payment for Products and Services net sales is collected within a short period following transfer of control or commencement of delivery of services, as applicable. The Company records reductions to Products net sales related to future product returns, price protection and other customer incentive programs based on the Company’s expectations and historical experience. For arrangements with multiple performance obligations, which represent promises within an arrangement that are distinct, the Company allocates revenue to all distinct performance obligations based on their relative stand-alone selling prices (“SSPs”). When available, the Company uses observable prices to determine SSPs. When observable prices are not available, SSPs are established that reflect the Company’s best estimates of what the selling prices of the performance obligations would be if they were sold regularly on a stand-alone basis. The Company’s process for estimating SSPs without observable prices considers multiple factors that may vary depending upon the unique facts and circumstances related to each performance obligation including, where applicable, prices charged by the Company for similar offerings, market trends in the pricing for similar offerings, product-specific business objectives and the estimated cost to provide the performance obligation. The Company has identified up to three performance obligations regularly included in arrangements involving the sale of iPhone, Mac, iPad and certain other products. The first performance obligation, which represents the substantial portion of the allocated sales price, is the hardware and bundled software delivered at the time of sale. The second performance obligation is the right to receive certain product-related bundled services, which include iCloud , Siri and Maps. The third performance obligation is the right to receive, on a when-and-if-available basis, future unspecified software upgrades relating to the software bundled with each device. The Company allocates revenue and any related discounts to these performance obligations based on their relative SSPs. Because the Company lacks observable prices for the undelivered performance obligations, the allocation of revenue is based on the Company’s estimated SSPs. Revenue allocated to the delivered hardware and bundled software is recognized when control has transferred to the customer, 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 Form 10-K | 34 For the sale of third-party products where the Company obtains control of the product before transferring it to the customer, the Company recognizes revenue based on the gross amount billed to customers. The Company considers multiple factors when determining whether it obtains control of third-party products, including evaluating if it can establish the price of the product, retains inventory risk for tangible products or has the responsibility for ensuring acceptability of the product. For third-party applications sold through the App Store and certain digital content sold through the Company’s other digital content stores, the Company does not obtain control of the product before transferring it to the customer. Therefore, the Company accounts for such sales on a net basis by recognizing in Services net sales only the commission it retains. The Company records revenue net of taxes collected from customers that are remitted to governmental authorities, with the

(4,774) (215) Other 111 (147) (97) Changes operating assets liabilities Accounts receivable net (1,823) (10,125) Inventories 1,484 (2,642) (127) Vendor non-trade receivables (7,520) (3,903) 1,553 current non-current assets (6,499) (8,042) (9,588) Accounts payable 9,448 12,326 (4,062) Deferred revenue 478 1,676 2,081 liabilities 5,632 5,799 8,916 Cash operating activities 122,151 104,038 80,674 Investing activities Purchases securities (76,923) (109,558) (114,938) Proceeds maturities 29,917 59,023 69,918 sales 37,446 47,460 50,473 Payments property plant equipment (10,708) (11,085) (7,309) Payments business acquisitions net (306) (33) (1,524) Other (1,780) (352) (909) Cash investing activities (22,354) (14,545) (4,289) Financing activities Payments taxes settlement equity awards (6,223) (6,556) (3,634) Payments dividends equivalents (14,841) (14,467) (14,081) Repurchases common stock (89,402) (85,971) (72,358) Proceeds issuance term debt net 5,465 20,393 16,091 Repayments term debt (9,543) (8,750) (12,629) Proceeds commercial paper net 3,955 1,022 (963) Other (160) 976 754 Cash financing activities (110,749) (93,353) (86,820) Decrease cash equivalents restricted cash (10,952) (3,860) (10,435) Cash equivalents balances $ 24,977 $ 35,929 $ 39,789 Supplemental cash flow disclosure Cash paid income taxes net $ 19,573 $ 25,385 $ Cash paid interest $ 2,865 $ 2,687$ 3,002 See accompanying Notes to Consolidated Financial Statements. Apple Inc. | 2022 Form 10-K | 33 Apple Inc. Notes to Consolidated Financial Statements Note 1 – Summary of Significant Accounting Policies Basis of Presentation and Preparation consolidated financial statements include accounts of Apple Inc. and its wholly owned subsidiaries (collectively “Apple” or “Company”). Intercompany accounts transactions eliminated. preparation of consolidated financial statements notes in conformity with U. S. generally accepted accounting principles requires management to make estimates assumptions affect amounts reported. Actual results could differ from estimates. prior period amounts in financial statements notes reclassified to conform to current period’s presentation. Company’s fiscal year is 52- or 53-week period ends last Saturday of September. additional week included in first fiscal quarter every five or six years to realign fiscal quarters with calendar quarters first quarter of fiscal year ending September 30, 2023. Company’s fiscal years 2022, 2021 2020 spanned 52 weeks each. Unless otherwise stated references to particular years, quarters months periods refer to Company’s fiscal years ended in September associated quarters months periods years. Revenue Recognition Net sales consist revenue from sale of iPhone, Mac, iPad, Services other products. Company recognizes revenue at amount expects entitled when control of products or services transferred to customers. Control generally transferred when Company has present right to payment and title and significant risks and rewards of ownership of products or services transferred to customers. For most Company’s Products net sales, control transfers when products shipped. For Company’s Services net sales, control transfers over time as services are delivered. Payment for Products and Services net sales collected within short period following transfer of control or commencement of delivery of services, as applicable.Company records reductions to Products net sales related to future product returns, price protection customer incentive programs based on Company’s expectations historical experience. For arrangements with multiple performance obligations, represent promises within arrangement distinct, Company allocates revenue to all distinct performance obligations based on relative stand-alone selling prices (“SSPs”). When available, Company uses observable prices to determine SSPs. When observable prices not available, SSPs are established reflect Company’s best estimates of selling prices of performance obligations if sold regularly stand-alone. Company’s process for estimating SSPs without observable prices considers multiple factors vary unique facts circumstances related to each performance obligation including applicable prices charged by Company for similar offerings, market trends in pricing for similar offerings product-specific business objectives estimated cost to provide performance obligation. Company identified up to three performance obligations included in arrangements involving sale of iPhone, Mac, iPad certain other products. first performance obligation represents substantial portion of allocated sales price, is hardware and bundled software delivered at time of sale. second performance obligation is right to receive certain product-related bundled services, include iCloud , Siri Maps. third performance obligation is right to receive-available future unspecified software upgrades relating to software bundled with each device. Company allocates revenue and related discounts to these performance obligations based on relative SSPs. Company lacks observable prices for undelivered performance obligations, allocation of revenue is based on Company’s estimated SSPs. Revenue allocated to delivered hardware and bundled software recognized when control has transferred to customer, generally occurs when product is shipped. Revenue allocated to product-related bundled services and unspecified software upgrade rights is deferred and recognized on straight-line basis over estimated period they 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 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 right to bill for undelivered services. Company determined 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 Form 10-K| 34 For sale of third-party products where Company obtains control of product before transferring to customer, Company recognizes revenue based on gross amount billed to customers. Company considers multiple factors when determining control of third-party products, including evaluating if can establish price of product retains inventory risk for tangible products or responsibility for ensuring acceptability of product. For third-party applications sold through App Store certain digital content sold through Company’s other digital content stores, Company does not obtain control of product before transferring to customer. Company accounts for such sales on net basis by recognizing in Services net sales only commission it retains. Company records revenue net of taxes collected from customers remitted to governmental authorities, with


global notes representing the Floating Rate Notes due 2016, Floating Rate Notes due 2018, 0.45% Notes due 2016, 1.00% Notes due 2018, 2.40% Notes due 2023 and 3.85% Notes due 2043. 8-K 4.1 5\/3\/13 4.4 Officer’s Certificate of the Registrant, dated as of May 6, 2014, including forms of global notes representing the Floating Rate Notes due 2017, Floating Rate Notes due 2019, 1.05% Notes due 2017, 2.10% Notes due 2019, 2.85% Notes due 2021, 3.45% Notes due 2024 and 4.45% Notes due 2044. 8-K 4.1 5\/6\/14 4.5 Officer’s Certificate of the Registrant, dated as of November 10, 2014, including forms of global notes representing the 1.000% Notes due 2022 and 1.625% Notes due 2026. 8-K 4.1 11\/10\/14 4.6 Officer’s Certificate of the Registrant, dated as of February 9, 2015, including forms of global notes representing the Floating Rate Notes due 2020, 1.55% Notes due 2020, 2.15% Notes due 2022, 2.50% Notes due 2025 and 3.45% Notes due 2045. 8-K 4.1 2\/9\/15 4.7 Officer’s Certificate of the Registrant, dated as of May 13, 2015, including forms of global notes representing the Floating Rate Notes due 2017, Floating Rate Notes due 2020, 0.900% Notes due 2017, 2.000% Notes due 2020, 2.700% Notes due 2022, 3.200% Notes due 2025, and 4.375% Notes due 2045. 8-K 4.1 5\/13\/15 4.8 Officer’s Certificate of the Registrant, dated as of July 31, 2015, including forms of global notes representing the 3.05% Notes due 2029 and 3.60% Notes due 2042. 8-K 4.1 7\/31\/15 4.9 Officer’s Certificate of the Registrant, dated as of September 17, 2015, including forms of global notes representing the 1.375% Notes due 2024 and 2.000% Notes due 2027. 8-K 4.1 9\/17\/15 (1) Apple Inc. | 2022 Form 10-K | 55 Incorporated by Reference Exhibit Number Exhibit Description Form Exhibit Filing Date\/ Period End Date 4.10 Officer’s Certificate of the Registrant, dated as of February 23, 2016, including forms of global notes representing the Floating Rate Notes due 2019, Floating Rate Notes due 2021, 1.300% Notes due 2018, 1.700% Notes due 2019, 2.250% Notes due 2021, 2.850% Notes due 2023, 3.250% Notes due 2026, 4.500% Notes due 2036 and 4.650% Notes due 2046. 8-K 4.1 2\/23\/16 4.11 Supplement No. 1 to the Officer’s Certificate of the Registrant, dated as of March 24, 2016. 8-K 4.1 3\/24\/16 4.12 Officer’s Certificate of the Registrant, dated as of August 4, 2016, including forms of global notes representing the Floating Rate Notes due 2019, 1.100% Notes due 2019, 1.550% Notes due 2021, 2.450% Notes due 2026 and 3.850% Notes due 2046. 8-K 4.1 8\/4\/16 4.13 Officer’s Certificate of the Registrant, dated as of February 9, 2017, including forms of global notes representing the Floating Rate Notes due 2019, Floating Rate Notes due 2020, Floating Rate Notes due 2022, 1.550% Notes due 2019, 1.900% Notes due 2020, 2.500% Notes due 2022, 3.000% Notes due 2024, 3.350% Notes due 2027 and 4.250% Notes due 2047. 8-K4.1 2\/9\/17 4.14 Officer’s Certificate of the Registrant, dated as of May 11, 2017, including forms of global notes representing the Floating Rate Notes due 2020, Floating Rate Notes due 2022, 1.800% Notes due 2020, 2.300% Notes due 2022, 2.850% Notes due 2024 and 3.200% Notes due 2027. 8-K 4.1 5\/11\/17 4.15 Officer’s Certificate of the Registrant, dated as of May 24, 2017, including forms of global notes representing the 0.875% Notes due 2025 and 1.375% Notes due 2029. 8-K 4.1 5\/24\/17 4.16 Officer’s Certificate of the Registrant, dated as of June 20, 2017, including form of global note representing the 3.000% Notes due 2027. 8-K 4.1 6\/20\/17 4.17 Officer’s Certificate of the Registrant, dated as of August 18, 2017, including form of global note representing the 2.513% Notes due 2024. 8-K 4.1 8\/18\/17 4.18 Officer’s Certificate of the Registrant, dated as of September 12, 2017, including forms of global notes representing the 1.500% Notes due 2019, 2.100% Notes due 2022, 2.900% Notes due 2027 and 3.750% Notes due 2047. 8-K 4.1 9\/12\/17 4.19 Officer’s Certificate of the Registrant, dated as of November 13, 2017, including forms of global notes representing the 1.800% Notes due 2019, 2.000% Notes due 2020, 2.400% Notes due 2023, 2.750% Notes due 2025, 3.000% Notes due 2027 and 3.750% Notes due 2047. 8-K 4.1 11\/13\/17 4.20 Indenture, dated as of November 5, 2018, between the Registrant and The Bank of New York Mellon Trust Company, N.A., as Trustee. S-3 4.1 11\/5\/18 4.21 Officer’s Certificate of the Registrant, dated as of September 11, 2019, including forms of global notes representing the 1.700% Notes due 2022, 1.800% Notes due 2024, 2.050% Notes due 2026, 2.200% Notes due 2029 and 2.950% Notes due 2049. 8-K 4.1 9\/11\/19 4.22 Officer’s Certificate of the Registrant, dated as of November 15, 2019, including forms of global notes representing the 0.000% Notes due 2025 and 0.500% Notes due 2031. 8-K 4.1 11\/15\/19 4.23 Officer’s Certificate of the Registrant, dated as of May 11, 2020, including forms of global notes representing the 0.750% Notes due 2023, 1.125% Notes due 2025, 1.650% Notes due 2030 and 2.650% Notes due 2050. 8-K 4.1 5\/11\/20 4.24 Officer’s Certificate of the Registrant, 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 4.26 Officer’s Certificate of the Registrant, dated as of August 5, 2021, including forms of global notes representing the 1.400% Notes due 2028, 1.700% Notes due 2031, 2.700% Notes due 2051 and 2.850% Notes due 2061. 8-K 4.1 8\/5\/21 4.27 Indenture, dated as of October 28, 2021, between the Registrant and The Bank of New York Mellon Trust Company, N

global notes representing Floating Rate Notes due 2016, Rate Notes due 2018, 0. 45% Notes 2016, 1. 00% 2018, 2. 40% 2023 3. 85% Notes due 2043. 8-K 4. 1 5\/3\/13 4. 4 Officer’s Certificate of Registrant May 6, 2014, global notes Floating Rate Notes due 2017, Floating Rate Notes due 2019, 1. 05% 2017, 2. 10% 2019, 2. 85% 2021, 3. 45% Notes due 2024 4. 45% Notes due 2044. 8-K 4. 1 5\/6\/14 4. 5 Officer’s Certificate of Registrant November 10, 2014, global notes 1. 000% Notes due 2022 and 1. 625% Notes due 2026. 8-K 4. 1 11\/10\/14 4. 6 Officer’s Certificate of Registrant, February 9, 2015, global notes Floating Rate Notes due 2020, 1. 55% Notes due 2020, 2. 15% Notes 2022, 2. 50% Notes due 2025 3. 45% Notes due 2045. 8-K 4. 1 2\/9\/15 4. 7 Officer’s Certificate of Registrant May 13, 2015, global notes Floating Rate Notes due 2017, Floating Rate Notes due 2020, 0. 900% Notes 2017, 2. 000% 2020, 2. 700% Notes due 2022, 3. 200% Notes due 2025, 4. 375% Notes due 2045. 8-K 4. 1 5\/13\/15 4. 8 Officer’s Certificate of Registrant July 31, 2015, global notes representing 3. 05% Notes due 2029 and 3. 60% Notes due 2042. 8-K 4. 1 7\/31\/15 4. 9 Officer’s Certificate of Registrant, September 17, 2015, forms global notes representing 1. 375% Notes due 2024 and 2.000% Notes due 2027. 8-K 4. 1 9\/17\/15 (1) Apple Inc. | 2022 Form 10-K| 55 Incorporated by Reference Exhibit Number Description Form Exhibit Filing Date\/ Period End Date 4. 10 Officer’s Certificate of Registrant February 23, 2016, global notes Floating Rate Notes due 2019, Notes 2021, 1. 300% Notes due 2018, 1. 700% 2019, 2. 250% 2021, 2. 850% 2023, 3. 250% Notes due 2026, 4. 500% Notes due 2036 and 4. 650% Notes due 2046. 8-K 4. 1 2\/23\/16 4. 11 Supplement No. 1 to Officer’s Certificate of Registrant March 24, 2016. 8-K 4. 1 3\/24\/16 4. 12 Officer’s Certificate of Registrant August 4, 2016, global notes Floating Rate Notes due 2019, 1. 100% Notes due 2019, 1. 550% Notes due 2021, 2. 450% Notes due 2026 and 3. 850% Notes due 2046. 8-K 4. 1 8\/4\/16 4. 13 Officer’s Certificate of Registrant February 9, 2017, global notes Floating Rate Notes due 2019, 2020, Rate Notes 2022, 1. 550% Notes due 2019, 1. 900% 2020, 2. 500% Notes 2022, 3. 000% Notes 2024, 3. 350% Notes due 2027 and 4. 250% Notes due 2047. 8-K4. 1 2\/9\/17 4. 14 Officer’s Certificate of Registrant May 11, 2017, global notes Floating Rate Notes due 2020, Notes 2022, 1. 800% Notes 2020, 2. 300% 2022, 2. 850% Notes 2024 and 3. 200% Notes due 2027.8-K 4. 1 5\/11\/17 4. 15 Officer’s Certificate of Registrant May 24, 2017 global notes representing 0. 875% Notes due 2025 1. 375% Notes due 2029. 8-K 4. 1 5\/24\/17 4. 16 Officer’s Certificate Registrant June 20, 2017 form global note 3. 000% Notes due 2027. 8-K 4. 1 6\/20\/17 4. 17 Officer’s Certificate Registrant, August 18, 2017 form global note 2. 513% Notes due 2024. 8-K 4. 1 8\/18\/17 4. 18 Officer’s Certificate Registrant September 12, 2017 forms global notes 1. 500% Notes due 2019, 2. 100% Notes due 2022, 2. 900% Notes due 2027 3. 750% Notes due 2047. 8-K 4. 1 9\/12\/17 4. 19 Officer’s Certificate Registrant November 13, 2017 forms global notes 1. 800% Notes due 2019, 2. 000% due 2020, 2. 400% due 2023, 2. 750% Notes due 2025, 3. 000% Notes due 2027 3. 750% Notes due 2047. 8-K 4. 1 11\/13\/17 4. 20 Indenture November 5, 2018, between Registrant and Bank of New York Mellon Trust Company, N. A., as Trustee. S-3 4. 1 11\/5\/18 4. 21 Officer’s Certificate of Registrant September 11, 2019 forms global notes 1. 700% Notes due 2022, 1. 800% Notes due 2024, 2. 050% Notes due 2026, 2. 200% Notes due 2029 2. 950% Notes due 2049. 8-K 4. 1 9\/11\/19 4.22 Officer’s Certificate of Registrant November 15, 2019 global notes representing 0. 000% Notes due 2025 and 0. 500% Notes due 2031. 8-K 4. 1 11\/15\/19 4. 23 Officer’s Certificate Registrant May 11, 2020 global notes representing 0. 750% Notes due 2023, 1. 125% due 2025, 1. 650% due 2030 2. 650% Notes due 2050. 8-K 4. 1 5\/11\/20 4. 24 Officer’s Certificate Registrant August 20, 2020 global notes 0. 550% Notes due 2025, 1. 25% Notes due 2030, 2. 400% Notes due 2050 2. 550% Notes due 2060. 8-K 4. 1 8\/20\/20 4. 25 Officer’s Certificate Registrant February 8, 2021, global notes 0. 700% Notes due 2026, 1. 200% due 2028, 1. 650% 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 4. 26 Officer’s Certificate of Registrant August 5, 2021 global notes representing 1. 400% Notes due 2028, 1. 700% Notes due 2031, 2. 700% Notes due 2051 and 2. 850% Notes due 2061. 8-K 4. 1 8\/5\/21 4. 27 Indenture October 28, 2021, between Registrant and Bank of New York Mellon Trust Company, N


Apple Inc.
CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY
(In millions, except per share amounts)
Years ended
September 24,
2022September 25,
2021September 26,
2020
Total shareholders’ equity, beginning balances $ 63,090 $ 65,339 $ 90,488
Common stock and additional paid-in capital:
Beginning balances  57,365  50,779  45,174
Common stock issued  1,175  1,105  880
Common stock withheld related to net share settlement of equity
awards  (2,971)  (2,627)  (2,250)
Share-based compensation  9,280  8,108  6,975
Ending balances  64,849  57,365  50,779
Retained earnings/(Accumulated deficit):
Beginning

Apple Inc.
 CONSOLIDATED STATEMENTS SHAREHOLDERS’ EQUITY
 millions share
 Years ended
 September 24,
 25
 26,
 2020
 Total shareholders’ equity beginning balances $ 63,090 $ 65,339 $ 90,488
 Common stock additional paid-in capital
 Beginning balances 57,365 50,779 45,174
 Common stock issued 1,175 1,105 880
 withheld net share settlement equity
 awards (2,971) (2,627) (2,250)
 Share-based compensation 9,280 8,108
 Ending balances 64,849 57,365 50,779
 Retained earnings


 Notes”); (v) 0.875% Notes due 2025
(the “0.875% 2025 Notes”); (vi) 1.625% Notes due 2026 (the “2026 Notes”); (vii) 2.000% Notes due 2027 (the “2027
Notes”); (viii) 1.375% Notes due 2029 (the “1.375% 2029 Notes”); (ix) 3.050% Notes due 2029 (the “3.050% 2029
Notes”); (x) 0.500% Notes due 2031 (the “2031 Notes”); and (xi) 3.600% Notes due 2042 (the “2042 Notes,” and
together with the 2022 Notes, the 2024 Notes, the 0.000% 2025 Notes, the 0.875% 2025 Notes, the

Notes”); (v) 0. 875% Notes due 2025
 “0. 875% 2025 Notes”); (vi) 1. 625% Notes due 2026 “2026 Notes”); (vii) 2. 000% Notes due 2027 “2027
 Notes”); (viii) 1. 375% Notes due 2029. 375% 2029 (ix) 3. 050% Notes due 2029. 050% 2029
 (x) 0. 500% Notes due 2031 “2031 Notes”); (xi) 3. 600% Notes due 2042 “2042 Notes
 with 2022 Notes 2024 Notes 0. 000% 2025 Notes 0. 875% 2025 Notes


A reconciliation of the provision for income taxes  to the amount computed by applying the statutory federal income tax rate ( 21%
in 2022 , 2021  and 2020 ) to income before provision for income taxes for 2022 , 2021  and 2020 , is as follows (dollars in millions):
2022 2021 2020
Computed expected tax $ 25,012 $ 22,933 $ 14,089
State taxes, net of federal effect  1,518  1,151  423
Impacts of the Act  542  —  (582)
Earnings of foreign subsidiaries  (4,366)  (4,715)  (2,534)
Foreign-derived intangible income deduction  (296)  (1,372)  (169)
Research and development credit, net  (1,153)  (1,033)  (728)
Excess tax benefits from equity awards

reconciliation provision income taxes to applying statutory federal income tax rate ( 21%
 2022  2021 2020 ) income before provision 2022 2020 (dollars in millions):
 2022 2021 2020
 Computed expected tax $ 25,012 $ 22,933 $ 14,089
 State taxes net federal effect 1,518 1,151 423
 Impacts Act 542 — (582)
 Earnings of foreign subsidiaries (4,366) (4,715) (2,534)
 Foreign-derived intangible income deduction (296) (1,372) (169)
 Research and development credit, net (1,153) (1,033) (728)
 Excess tax benefits from equity awards