《蘋果公司Apple Inc. (AAPL)2024年第三季度財報（英文版）（28頁）.pdf》由會員分享，可在線閱讀，更多相關《蘋果公司Apple Inc. (AAPL)2024年第三季度財報（英文版）（28頁）.pdf（28頁珍藏版）》請在三個皮匠報告上搜索。

1、UNITED STATESSECURITIES AND EXCHANGE COMMISSIONWashington,D.C.20549FORM 10-Q(Mark One)QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d)OF THE SECURITIES EXCHANGE ACT OF 1934For the quarterly period ended June29,2024or TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d)OF THE SECURITIES EXCHANGE ACT OF

2、1934For the transition period from to.Commission File Number:001-36743Apple Inc.(Exact name of Registrant as specified in its charter)California94-2404110(State or other jurisdictionof incorporation or organization)(I.R.S.Employer Identification No.)One Apple Park WayCupertino,California95014(Addres

3、s of principal executive offices)(Zip Code)(408)996-1010(Registrants telephone number,including area code)Securities registered pursuant to Section 12(b)of the Act:Title of each classTrading symbol(s)Name of each exchange on which registeredCommon Stock,$0.00001 par value per shareAAPLThe Nasdaq Sto

4、ck Market LLC0.000%Notes due 2025The Nasdaq Stock Market LLC0.875%Notes due 2025The Nasdaq Stock Market LLC1.625%Notes due 2026The Nasdaq Stock Market LLC2.000%Notes due 2027The Nasdaq Stock Market LLC1.375%Notes due 2029The Nasdaq Stock Market LLC3.050%Notes due 2029The Nasdaq Stock Market LLC0.500

5、%Notes due 2031The Nasdaq Stock Market LLC3.600%Notes due 2042The Nasdaq Stock Market LLCIndicate 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 t

6、hat the Registrant was required to file such reports),and(2)has been subject to such filing requirements for the past 90 days.YesNoIndicate 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(23

7、2.405 of this chapter)during the preceding 12 months(or for such shorter period that the Registrant was required to submit such files).YesNoIndicate by check mark whether the Registrant is a large accelerated filer,an accelerated filer,a non-accelerated filer,a smaller reporting company,or an emergi

8、ng 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 filerAccelerated filerNon-accelerated filerSmaller reporting companyEmerging growth companyIf an emerging

9、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 is a shell company(as

10、 defined in Rule 12b-2 of the Exchange Act).YesNo15,204,137,000 shares of common stock were issued and outstanding as of July19,2024.Apple Inc.Form 10-QFor the Fiscal Quarter Ended June29,2024 TABLE OF CONTENTSPagePart IItem 1.Financial Statements1Item 2.Managements Discussion and Analysis of Financ

11、ial Condition and Results of Operations13Item 3.Quantitative and Qualitative Disclosures About Market Risk18Item 4.Controls and Procedures18Part IIItem 1.Legal Proceedings19Item 1A.Risk Factors19Item 2.Unregistered Sales of Equity Securities and Use of Proceeds20Item 3.Defaults Upon Senior Securitie

12、s20Item 4.Mine Safety Disclosures20Item 5.Other Information20Item 6.Exhibits21PART I FINANCIAL INFORMATIONItem 1.Financial StatementsApple Inc.CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS(Unaudited)(In millions,except number of shares,which are reflected in thousands,and per-share amounts)Three M

13、onths EndedNine Months EndedJune 29,2024July 1,2023June 29,2024July 1,2023Net sales:Products$61,564$60,584$224,908$230,901 Services 24,213 21,213 71,197 62,886 Total net sales 85,777 81,797 296,105 293,787 Cost of sales:Products 39,803 39,136 140,667 146,696 Services 6,296 6,248 18,634 18,370 Total

14、cost of sales 46,099 45,384 159,301 165,066 Gross margin 39,678 36,413 136,804 128,721 Operating expenses:Research and development 8,006 7,442 23,605 22,608 Selling,general and administrative 6,320 5,973 19,574 18,781 Total operating expenses 14,326 13,415 43,179 41,389 Operating income 25,352 22,99

15、8 93,625 87,332 Other income/(expense),net 142 (265)250 (594)Income before provision for income taxes 25,494 22,733 93,875 86,738 Provision for income taxes 4,046 2,852 14,875 12,699 Net income$21,448$19,881$79,000$74,039 Earnings per share:Basic$1.40$1.27$5.13$4.69 Diluted$1.40$1.26$5.11$4.67 Share

16、s used in computing earnings per share:Basic 15,287,521 15,697,614 15,401,047 15,792,497 Diluted 15,348,175 15,775,021 15,463,175 15,859,263 See accompanying Notes to Condensed Consolidated Financial Statements.Apple Inc.|Q3 2024 Form 10-Q|1Apple Inc.CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIV

17、E INCOME(Unaudited)(In millions)Three Months EndedNine Months EndedJune 29,2024July 1,2023June 29,2024July 1,2023Net income$21,448$19,881$79,000$74,039 Other comprehensive income/(loss):Change in foreign currency translation,net of tax(73)(385)(87)(494)Change in unrealized gains/losses on derivative

18、 instruments,net of tax:Change in fair value of derivative instruments 406 509 331 (492)Adjustment for net(gains)/losses realized and included in net income(87)103 (678)(1,854)Total change in unrealized gains/losses on derivative instruments 319 612 (347)(2,346)Change in unrealized gains/losses on m

19、arketable debt securities,net of tax:Change in fair value of marketable debt securities 268 (340)3,306 1,963 Adjustment for net(gains)/losses realized and included in net income 30 58 164 185 Total change in unrealized gains/losses on marketable debt securities 298 (282)3,470 2,148 Total other compr

20、ehensive income/(loss)544 (55)3,036 (692)Total comprehensive income$21,992$19,826$82,036$73,347 See accompanying Notes to Condensed Consolidated Financial Statements.Apple Inc.|Q3 2024 Form 10-Q|2Apple Inc.CONDENSED CONSOLIDATED BALANCE SHEETS(Unaudited)(In millions,except number of shares,which are

21、 reflected in thousands,and par value)June 29,2024September 30,2023ASSETS:Current assets:Cash and cash equivalents$25,565$29,965 Marketable securities 36,236 31,590 Accounts receivable,net 22,795 29,508 Vendor non-trade receivables 20,377 31,477 Inventories 6,165 6,331 Other current assets 14,297 14

22、,695 Total current assets 125,435 143,566 Non-current assets:Marketable securities 91,240 100,544 Property,plant and equipment,net 44,502 43,715 Other non-current assets 70,435 64,758 Total non-current assets 206,177 209,017 Total assets$331,612$352,583 LIABILITIES AND SHAREHOLDERS EQUITY:Current li

23、abilities:Accounts payable$47,574$62,611 Other current liabilities 60,889 58,829 Deferred revenue 8,053 8,061 Commercial paper 2,994 5,985 Term debt 12,114 9,822 Total current liabilities 131,624 145,308 Non-current liabilities:Term debt 86,196 95,281 Other non-current liabilities 47,084 49,848 Tota

24、l non-current liabilities 133,280 145,129 Total liabilities 264,904 290,437 Commitments and contingenciesShareholders equity:Common stock and additional paid-in capital,$0.00001 par value:50,400,000 shares authorized;15,222,259 and 15,550,061 shares issued and outstanding,respectively 79,850 73,812

25、Accumulated deficit(4,726)(214)Accumulated other comprehensive loss(8,416)(11,452)Total shareholders equity 66,708 62,146 Total liabilities and shareholders equity$331,612$352,583 See accompanying Notes to Condensed Consolidated Financial Statements.Apple Inc.|Q3 2024 Form 10-Q|3Apple Inc.CONDENSED

26、CONSOLIDATED STATEMENTS OF SHAREHOLDERS EQUITY(Unaudited)(In millions,except per-share amounts)Three Months EndedNine Months EndedJune 29,2024July 1,2023June 29,2024July 1,2023Total shareholders equity,beginning balances$74,194$62,158$62,146$50,672 Common stock and additional paid-in capital:Beginni

27、ng balances 78,815 69,568 73,812 64,849 Common stock issued 752 690 Common stock withheld related to net share settlement of equity awards(1,920)(1,595)(3,802)(3,310)Share-based compensation 2,955 2,694 9,088 8,438 Ending balances 79,850 70,667 79,850 70,667 Retained earnings/(Accumulated deficit):B

28、eginning balances 4,339 4,336 (214)(3,068)Net income 21,448 19,881 79,000 74,039 Dividends and dividend equivalents declared(3,864)(3,811)(11,384)(11,207)Common stock withheld related to net share settlement of equity awards(428)(858)(1,517)(1,988)Common stock repurchased(26,221)(18,140)(70,611)(56,

29、368)Ending balances(4,726)1,408 (4,726)1,408 Accumulated other comprehensive income/(loss):Beginning balances(8,960)(11,746)(11,452)(11,109)Other comprehensive income/(loss)544 (55)3,036 (692)Ending balances(8,416)(11,801)(8,416)(11,801)Total shareholders equity,ending balances$66,708$60,274$66,708$

30、60,274 Dividends and dividend equivalents declared per share or RSU$0.25$0.24$0.73$0.70 See accompanying Notes to Condensed Consolidated Financial Statements.Apple Inc.|Q3 2024 Form 10-Q|4Apple Inc.CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS(Unaudited)(In millions)Nine Months EndedJune 29,2024Ju

31、ly 1,2023Cash,cash equivalents and restricted cash,beginning balances$30,737$24,977 Operating activities:Net income 79,000 74,039 Adjustments to reconcile net income to cash generated by operating activities:Depreciation and amortization 8,534 8,866 Share-based compensation expense 8,830 8,208 Other

32、(1,964)(1,651)Changes in operating assets and liabilities:Accounts receivable,net 6,697 7,609 Vendor non-trade receivables 11,100 13,111 Inventories 41 (2,570)Other current and non-current assets(5,626)(4,863)Accounts payable(15,171)(16,790)Other current and non-current liabilities 2 2,986 Cash gene

33、rated by operating activities 91,443 88,945 Investing activities:Purchases of marketable securities(38,074)(20,956)Proceeds from maturities of marketable securities 39,838 27,857 Proceeds from sales of marketable securities 7,382 3,959 Payments for acquisition of property,plant and equipment(6,539)(

34、8,796)Other(1,117)(753)Cash generated by investing activities 1,490 1,311 Financing activities:Payments for taxes related to net share settlement of equity awards(5,163)(5,119)Payments for dividends and dividend equivalents(11,430)(11,267)Repurchases of common stock(69,866)(56,547)Proceeds from issu

35、ance of term debt,net 5,228 Repayments of term debt(7,400)(11,151)Repayments of commercial paper,net(2,985)(5,971)Other(191)(508)Cash used in financing activities(97,035)(85,335)Increase/(Decrease)in cash,cash equivalents and restricted cash(4,102)4,921 Cash,cash equivalents and restricted cash,endi

36、ng balances$26,635$29,898 Supplemental cash flow disclosure:Cash paid for income taxes,net$19,230$7,020 See accompanying Notes to Condensed Consolidated Financial Statements.Apple Inc.|Q3 2024 Form 10-Q|5Apple Inc.Notes to Condensed Consolidated Financial Statements(Unaudited)Note 1 Summary of Signi

37、ficant Accounting PoliciesBasis of Presentation and PreparationThe condensed consolidated financial statements include the accounts of Apple Inc.and its wholly owned subsidiaries(collectively“Apple”or the“Company”).In the opinion of the Companys management,the condensed consolidated financial statem

38、ents reflect all adjustments,which are normal and recurring in nature,necessary for fair financial statement presentation.The preparation of these condensed consolidated financial statements and accompanying notes in conformity with U.S.generally accepted accounting principles(“GAAP”)requires the us

39、e of management estimates.These condensed consolidated financial statements and accompanying notes should be read in conjunction with the Companys annual consolidated financial statements and accompanying notes included in its Annual Report on Form 10-K for the fiscal year ended September30,2023(the

40、“2023 Form 10-K”).The Companys 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 Companys fiscal quarters with calendar quarters,which occurred in the first fiscal quar

41、ter of 2023.The Companys fiscal years 2024 and 2023 span 52 and 53 weeks,respectively.Unless otherwise stated,references to particular years,quarters,months and periods refer to the Companys fiscal years ended in September and the associated quarters,months and periods of those fiscal years.Note 2 R

42、evenueNet sales disaggregated by significant products and services for the three-and nine-month periods ended June 29,2024 and July1,2023 were as follows(in millions):Three Months EndedNine Months EndedJune 29,2024July 1,2023June 29,2024July 1,2023iPhone$39,296$39,669$154,961$156,778 Mac 7,009 6,840

43、 22,240 21,743 iPad 7,162 5,791 19,744 21,857 Wearables,Home and Accessories 8,097 8,284 27,963 30,523 Services 24,213 21,213 71,197 62,886 Total net sales$85,777$81,797$296,105$293,787 Total net sales include$3.4 billion of revenue recognized in the three months ended June29,2024 that was included

44、in deferred revenue as of March30,2024,$3.3 billion of revenue recognized in the three months ended July1,2023 that was included in deferred revenue as of April1,2023,$6.5 billion of revenue recognized in the nine months ended June29,2024 that was included in deferred revenue as of September30,2023,

45、and$7.0 billion of revenue recognized in the nine months ended July1,2023 that was included in deferred revenue as of September24,2022.The Companys proportion of net sales by disaggregated revenue source was generally consistent for each reportable segment in Note 11,“Segment Information and Geograp

46、hic Data”for the three-and nine-month periods ended June 29,2024 and July1,2023,except in Greater China,where iPhone revenue represented a moderately higher proportion of net sales.As of June29,2024 and September30,2023,the Company had total deferred revenue of$12.5 billion and$12.1billion,respectiv

47、ely.As of June29,2024,the Company expects 64%of total deferred revenue to be realized in less than a year,25%within one-to-two years,9%within two-to-three years and 2%in greater than three years.Apple Inc.|Q3 2024 Form 10-Q|6Note 3 Earnings Per ShareThe following table shows the computation of basic

48、 and diluted earnings per share for the three-and nine-month periods ended June 29,2024 and July 1,2023(net income in millions and shares in thousands):Three Months EndedNine Months EndedJune 29,2024July 1,2023June 29,2024July 1,2023Numerator:Net income$21,448$19,881$79,000$74,039 Denominator:Weight

49、ed-average basic shares outstanding 15,287,521 15,697,614 15,401,047 15,792,497 Effect of dilutive share-based awards 60,654 77,407 62,128 66,766 Weighted-average diluted shares 15,348,175 15,775,021 15,463,175 15,859,263 Basic earnings per share$1.40$1.27$5.13$4.69 Diluted earnings per share$1.40$1

50、.26$5.11$4.67 Approximately 32million restricted stock units(“RSUs”)were excluded from the computation of diluted earnings per share for the nine months ended July1,2023 because their effect would have been antidilutive.Note 4 Financial InstrumentsCash,Cash Equivalents and Marketable SecuritiesThe f

51、ollowing tables show the Companys cash,cash equivalents and marketable securities by significant investment category as of June29,2024 and September30,2023(in millions):June 29,2024AdjustedCostUnrealizedGainsUnrealizedLossesFairValueCash andCashEquivalentsCurrentMarketableSecuritiesNon-CurrentMarket

52、ableSecuritiesCash$22,866$22,866$22,866$Level 1:Money market funds 1,648 1,648 1,648 Mutual funds 493 76 (7)562 562 Subtotal 2,141 76 (7)2,210 1,648 562 Level 2(1):U.S.Treasury securities 16,298 3 (855)15,446 138 4,649 10,659 U.S.agency securities 5,500 (418)5,082 73 518 4,491 Non-U.S.government sec

53、urities 17,560 31 (680)16,911 11,592 5,319 Certificates of deposit and time deposits 1,337 1,337 838 492 7 Commercial paper 1,346 1,346 2 1,344 Corporate debt securities 68,194 83 (3,350)64,927 15,489 49,438 Municipal securities 480 (13)467 197 270 Mortgage-and asset-backed securities 24,508 27 (2,0

54、86)22,449 1,393 21,056 Subtotal 135,223 144 (7,402)127,965 1,051 35,674 91,240 Total(2)$160,230$220$(7,409)$153,041$25,565$36,236$91,240 Apple Inc.|Q3 2024 Form 10-Q|7September 30,2023AdjustedCostUnrealizedGainsUnrealizedLossesFairValueCash andCashEquivalentsCurrentMarketableSecuritiesNon-CurrentMar

55、ketableSecuritiesCash$28,359$28,359$28,359$Level 1:Money market funds 481 481 481 Mutual funds and equity securities 442 12 (26)428 428 Subtotal 923 12 (26)909 481 428 Level 2(1):U.S.Treasury securities 19,406 (1,292)18,114 35 5,468 12,611 U.S.agency securities 5,736 (600)5,136 36 271 4,829 Non-U.S.

56、government securities 17,533 6 (1,048)16,491 11,332 5,159 Certificates of deposit and time deposits 1,354 1,354 1,034 320 Commercial paper 608 608 608 Corporate debt securities 76,840 6 (5,956)70,890 20 12,627 58,243 Municipal securities 628 (26)602 192 410 Mortgage-and asset-backed securities 22,36

57、5 6 (2,735)19,636 344 19,292 Subtotal 144,470 18 (11,657)132,831 1,125 31,162 100,544 Total(2)$173,752$30$(11,683)$162,099$29,965$31,590$100,544(1)The valuation techniques used to measure the fair values of the Companys Level 2 financial instruments,which generally have counterparties with high cred

58、it ratings,are based on quoted market prices or model-driven valuations using significant inputs derived from or corroborated by observable market data.(2)As of June 29,2024 and September 30,2023,total marketable securities included$14.1 billion and$13.8 billion,respectively,that were restricted fro

59、m general use,related to the State Aid Decision(refer to Note 6,“Income Taxes”)and other agreements.The following table shows the fair value of the Companys non-current marketable debt securities,by contractual maturity,as of June29,2024(in millions):Due after 1 year through 5 years$64,209 Due after

60、 5 years through 10 years 8,660 Due after 10 years 18,371 Total fair value$91,240 Derivative Instruments and HedgingThe 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 expo

61、sures 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 Exch

62、ange Rate RiskTo protect gross margins from fluctuations in foreign exchange rates,the Company may use forwards,options 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 reven

63、ue and inventory purchases,typically for up to 12 months.To protect the Companys foreign currencydenominated term debt or marketable securities from fluctuations in foreign exchange rates,the Company may use forwards,cross-currency swaps or other instruments.The Company designates these instruments

64、as either cash flow or fair value hedges.As of June29,2024,the maximum length of time over which the Company is hedging its exposure to the variability in future cash flows for term debtrelated foreign currency transactions is 18 years.The Company may also use derivative instruments that are not des

65、ignated as accounting hedges to protect gross margins from certain fluctuations in foreign exchange rates,as well as to offset a portion of the foreign currency gains and losses generated by the remeasurement of certain assets and liabilities denominated in non-functional currencies.Apple Inc.|Q3 20

66、24 Form 10-Q|8Interest Rate RiskTo protect the Companys term debt or marketable securities from fluctuations in interest rates,the Company may use interest rate swaps,options or other instruments.The Company designates these instruments as either cash flow or fair value hedges.The notional amounts o

67、f the Companys outstanding derivative instruments as of June29,2024 and September30,2023 were as follows(in millions):June 29,2024September 30,2023Derivative instruments designated as accounting hedges:Foreign exchange contracts$65,542$74,730 Interest rate contracts$13,875$19,375 Derivative instrume

68、nts not designated as accounting hedges:Foreign exchange contracts$97,136$104,777 The carrying amounts of the Companys hedged items in fair value hedges as of June29,2024 and September30,2023 were as follows(in millions):June 29,2024September 30,2023Hedged assets/(liabilities):Current and non-curren

69、t marketable securities$15,007$14,433 Current and non-current term debt$(13,096)$(18,247)Accounts ReceivableTrade ReceivablesThe Companys third-party cellular network carriers accounted for 32%and 41%of total trade receivables as of June29,2024 and September30,2023,respectively.The Company requires

70、third-party credit support or collateral from certain customers to limit credit risk.Vendor Non-Trade ReceivablesThe Company has non-trade receivables from certain of its manufacturing vendors resulting from the sale of components to these vendors who manufacture subassemblies or assemble final prod

71、ucts for the Company.The Company purchases these components directly from suppliers.The Company does not reflect the sale of these components in products net sales.Rather,the Company recognizes any gain on these sales as a reduction of products cost of sales when the related final products are sold

72、by the Company.As of June29,2024,the Company had two vendors that individually represented 10%or more of total vendor non-trade receivables,which accounted for 46%and 18%.As of September30,2023,the Company had two vendors that individually represented 10%or more of total vendor non-trade receivables

73、,which accounted for 48%and 23%.Note 5 Condensed Consolidated Financial Statement DetailsThe following table shows the Companys condensed consolidated financial statement details as of June 29,2024 and September30,2023(in millions):Property,Plant and Equipment,NetJune 29,2024September 30,2023Gross p

74、roperty,plant and equipment$117,129$114,599 Accumulated depreciation(72,627)(70,884)Total property,plant and equipment,net$44,502$43,715 Apple Inc.|Q3 2024 Form 10-Q|9Note 6 Income TaxesEuropean Commission State Aid DecisionOn August 30,2016,the European Commission(the“Commission”)announced its deci

75、sion that Ireland granted state aid to the Company by providing tax opinions in 1991 and 2007 concerning the tax allocation of profits of the Irish branches of two subsidiaries of the Company(the“State Aid Decision”).The State Aid Decision ordered Ireland to calculate and recover additional taxes fr

76、om the Company for the period June 2003 through December 2014.Irish legislative changes,effective as of January 2015,eliminated the application of the tax opinions from that date forward.The Company and Ireland appealed the State Aid Decision to the General Court of the Court of Justice of the Europ

77、ean Union(the“General Court”).On July 15,2020,the General Court annulled the State Aid Decision.On September 25,2020,the Commission appealed the General Courts decision to the European Court of Justice(the“ECJ”)and a hearing was held on May 23,2023.A decision from the ECJ is expected in the fourth q

78、uarter of 2024.The Company believes it would be eligible to claim a U.S.foreign tax credit for a portion of any incremental Irish corporate income taxes potentially due related to the State Aid Decision.Note 7 DebtCommercial PaperThe Company issues unsecured short-term promissory notes pursuant to a

79、 commercial paper program.The Company uses net proceeds from the commercial paper program for general corporate purposes,including dividends and share repurchases.As of June 29,2024 and September 30,2023,the Company had$3.0 billion and$6.0 billion of commercial paper outstanding,respectively.The fol

80、lowing table provides a summary of cash flows associated with the issuance and maturities of commercial paper for the nine months ended June29,2024 and July1,2023(in millions):Nine Months EndedJune 29,2024July 1,2023Maturities 90 days or less:Repayments of commercial paper,net$(2,985)$(3,326)Maturit

81、ies greater than 90 days:Repayments of commercial paper (2,645)Total repayments of commercial paper,net$(2,985)$(5,971)Term DebtAs of June29,2024 and September30,2023,the Company had outstanding fixed-rate notes with varying maturities for an aggregate carrying amount of$98.3 billion and$105.1 billi

82、on,respectively(collectively the“Notes”).As of June29,2024 and September30,2023,the fair value of the Companys Notes,based on Level 2 inputs,was$86.2 billion and$90.8 billion,respectively.Note 8 Shareholders EquityShare Repurchase ProgramDuring the nine months ended June29,2024,the Company repurchas

83、ed 387 million shares of its common stock for$70.0 billion.The Companys share repurchase programs do not obligate the Company to acquire a minimum amount of shares.Under the programs,shares may be repurchased in privately negotiated or open market transactions,including under plans complying with Ru

84、le 10b5-1 under the Securities Exchange Act of 1934,as amended(the“Exchange Act”).Apple Inc.|Q3 2024 Form 10-Q|10Note 9 Share-Based CompensationRestricted Stock UnitsA summary of the Companys RSU activity and related information for the nine months ended June29,2024 is as follows:Number ofRSUs(in th

85、ousands)Weighted-AverageGrant Date FairValue Per RSUAggregateFair Value(in millions)Balance as of September 30,2023 180,247$135.91 RSUs granted 78,276$172.26 RSUs vested(83,842)$126.47 RSUs canceled(8,258)$137.85 Balance as of June 29,2024 166,423$157.66$35,052 The fair value as of the respective ve

86、sting dates of RSUs was$6.4 billion and$15.0 billion for the three-and nine-month periods ended June 29,2024,respectively,and was$7.0 billion and$14.9 billion for the three-and nine-month periods ended July 1,2023,respectively.Share-Based CompensationThe following table shows share-based compensatio

87、n expense and the related income tax benefit included in the Condensed Consolidated Statements of Operations for the three-and nine-month periods ended June 29,2024 and July 1,2023(in millions):Three Months EndedNine Months EndedJune 29,2024July 1,2023June 29,2024July 1,2023Share-based compensation

88、expense$2,869$2,617$8,830$8,208 Income tax benefit related to share-based compensation expense$(764)$(993)$(2,662)$(2,791)As of June 29,2024,the total unrecognized compensation cost related to outstanding RSUs was$21.9 billion,which the Company expects to recognize over a weighted-average period of

89、2.6 years.Note 10 ContingenciesThe Company is subject to various legal proceedings and claims that have arisen in the ordinary course of business and that have not been fully resolved.The outcome of litigation is inherently uncertain.In the opinion of management,there was not at least a reasonable p

90、ossibility the Company may have incurred a material loss,or a material loss greater than a recorded accrual,concerning loss contingencies for asserted legal and other claims.Apple Inc.|Q3 2024 Form 10-Q|11Note 11 Segment Information and Geographic DataThe following table shows information by reporta

91、ble segment for the three-and nine-month periods ended June 29,2024 and July 1,2023(in millions):Three Months EndedNine Months EndedJune 29,2024July 1,2023June 29,2024July 1,2023Americas:Net sales$37,678$35,383$125,381$122,445 Operating income$15,209$13,117$50,640$44,908 Europe:Net sales$21,884$20,2

92、05$76,404$71,831 Operating income$9,170$7,995$31,872$27,380 Greater China:Net sales$14,728$15,758$51,919$57,475 Operating income$5,562$6,207$20,884$24,175 Japan:Net sales$5,097$4,821$19,126$18,752 Operating income$2,544$2,443$9,498$9,073 Rest of Asia Pacific:Net sales$6,390$5,630$23,275$23,284 Opera

93、ting income$2,610$2,328$9,995$9,447 A reconciliation of the Companys segment operating income to the Condensed Consolidated Statements of Operations for the three-and nine-month periods ended June 29,2024 and July 1,2023 is as follows(in millions):Three Months EndedNine Months EndedJune 29,2024July

94、1,2023June 29,2024July 1,2023Segment operating income$35,095$32,090$122,889$114,983 Research and development expense(8,006)(7,442)(23,605)(22,608)Other corporate expenses,net(1,737)(1,650)(5,659)(5,043)Total operating income$25,352$22,998$93,625$87,332 Apple Inc.|Q3 2024 Form 10-Q|12Item 2.Managemen

95、ts Discussion and Analysis of Financial Condition and Results of OperationsThis Item and other sections of this Quarterly Report on Form 10-Q(“Form 10-Q”)contain forward-looking statements,within the meaning of the Private Securities Litigation Reform Act of 1995,that involve risks and uncertainties

96、.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-Q regarding the potential future impact of macroeconomic conditions

97、on the Companys 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-lookin

98、g statements are not guarantees of future performance and the Companys actual results may differ significantly from the results discussed in the forward-looking statements.Factors that might cause such differences include,but are not limited to,those discussed in Part I,Item 1A of the 2023 Form 10-K

99、 and Part II,Item 1A of this Form 10-Q,in each case under the heading“Risk Factors.”The Company assumes no obligation to revise or update any forward-looking statements for any reason,except as required by law.Unless otherwise stated,all information presented herein is based on the Companys fiscal c

100、alendar,and references to particular years,quarters,months or periods refer to the Companys fiscal years ended in September and the associated quarters,months and periods of those fiscal years.The following discussion should be read in conjunction with the 2023 Form 10-K filed with the U.S.Securitie

101、s and Exchange Commission(the“SEC”)and the condensed consolidated financial statements and accompanying notes included in Part I,Item 1 of this Form 10-Q.Available InformationThe Company periodically provides certain information for investors on its corporate website,and its investor relations websi

102、te,.This includes press releases and other information about financial performance,information on environmental,social and governance matters,and details related to the Companys annual meeting of shareholders.The information contained on the websites referenced in this Form 10-Q is not incorporated

103、by reference into this filing.Further,the Companys references to website URLs are intended to be inactive textual references only.Business Seasonality and Product IntroductionsThe Company has historically experienced higher net sales in its first quarter compared to other quarters in its fiscal year

104、 due in part to seasonal holiday demand.Additionally,new product and service introductions can significantly impact net sales,cost of sales and operating expenses.The timing of product introductions can also impact the Companys net sales to its indirect distribution channels as these channels are fi

105、lled with new inventory following a product launch,and channel inventory of an older product often declines as the launch of a newer product approaches.Net sales can also be affected when consumers and distributors anticipate a product introduction.During the third quarter of 2024,the Company announ

106、ced the following product and operating system updates:iPad Air;iPad Pro;iOS 18,macOS Sequoia,iPadOS 18,watchOS 11,visionOS 2 and tvOS 18.The Company also announced Apple Intelligence,a personal intelligence system that uses generative models,which will be available on certain iPhone,Mac and iPad de

107、vices.Apple Intelligence is deeply integrated into iOS 18,macOS Sequoia and iPadOS 18.Fiscal PeriodThe Companys 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 Compan

108、ys fiscal quarters with calendar quarters,which occurred in the first quarter of 2023.The Companys fiscal years 2024 and 2023 span 52 and 53 weeks,respectively.Macroeconomic ConditionsMacroeconomic conditions,including inflation,interest rates and currency fluctuations,have directly and indirectly i

109、mpacted,and could in the future materially impact,the Companys results of operations and financial condition.Apple Inc.|Q3 2024 Form 10-Q|13Segment Operating PerformanceThe following table shows net sales by reportable segment for the three-and nine-month periods ended June 29,2024 and July1,2023(do

110、llars in millions):Three Months EndedNine Months EndedJune 29,2024July 1,2023ChangeJune 29,2024July 1,2023ChangeNet sales by reportable segment:Americas$37,678$35,383 6%$125,381$122,445 2%Europe 21,884 20,205 8%76,404 71,831 6%Greater China 14,728 15,758 (7)%51,919 57,475 (10)%Japan 5,097 4,821 6%19

111、,126 18,752 2%Rest of Asia Pacific 6,390 5,630 13%23,275 23,284%Total net sales$85,777$81,797 5%$296,105$293,787 1%AmericasAmericas net sales increased during the third quarter of 2024 compared to the third quarter of 2023 due primarily to higher net sales of Services and iPad.Year-over-year America

112、s net sales increased during the first nine months of 2024 due primarily to higher net sales of Services,partially offset by lower net sales of iPhone and Wearables,Home and Accessories.The strength in foreign currencies relative to the U.S.dollar had a net favorable year-over-year impact on America

113、s net sales during the first nine months of 2024.EuropeEurope net sales increased during the third quarter of 2024 compared to the third quarter of 2023 due primarily to higher net sales of Services and iPad.The weakness in foreign currencies relative to the U.S.dollar had a net unfavorable year-ove

114、r-year impact on Europe net sales during the third quarter of 2024.Year-over-year Europe net sales increased during the first nine months of 2024 due primarily to higher net sales of Services and iPhone,partially offset by lower net sales of Wearables,Home and Accessories.Greater ChinaGreater China

115、net sales decreased during the third quarter of 2024 compared to the third quarter of 2023 due primarily to lower net sales of iPhone.Year-over-year Greater China net sales decreased during the first nine months of 2024 due primarily to lower net sales of iPhone and iPad.The weakness in the renminbi

116、 relative to the U.S.dollar had an unfavorable year-over-year impact on Greater China net sales during the third quarter and first nine months of 2024.JapanJapan net sales increased during the third quarter of 2024 compared to the third quarter of 2023 due primarily to higher net sales of iPhone and

117、 iPad.Year-over-year Japan net sales increased during the first nine months of 2024 due primarily to higher net sales of iPhone,partially offset by lower net sales of Wearables,Home and Accessories.The weakness in the yen relative to the U.S.dollar had an unfavorable year-over-year impact on Japan n

118、et sales during the third quarter and first nine months of 2024.Rest of Asia PacificRest of Asia Pacific net sales increased during the third quarter of 2024 compared to the third quarter of 2023 due primarily to higher net sales of Services,iPhone and iPad.Year-over-year Rest of Asia Pacific net sa

119、les were relatively flat during the first nine months of 2024.The weakness in foreign currencies relative to the U.S.dollar had a net unfavorable year-over-year impact on Rest of Asia Pacific net sales during the third quarter and first nine months of 2024.Apple Inc.|Q3 2024 Form 10-Q|14Products and

120、 Services PerformanceThe following table shows net sales by category for the three-and nine-month periods ended June 29,2024 and July1,2023(dollars in millions):Three Months EndedNine Months EndedJune 29,2024July 1,2023ChangeJune 29,2024July 1,2023ChangeNet sales by category:iPhone$39,296$39,669 (1)

121、%$154,961$156,778 (1)%Mac 7,009 6,840 2%22,240 21,743 2%iPad 7,162 5,791 24%19,744 21,857 (10)%Wearables,Home and Accessories 8,097 8,284 (2)%27,963 30,523 (8)%Services 24,213 21,213 14%71,197 62,886 13%Total net sales$85,777$81,797 5%$296,105$293,787 1%iPhoneiPhone net sales were relatively flat du

122、ring the third quarter and first nine months of 2024 compared to the same periods in 2023.MacMac net sales increased during the third quarter and first nine months of 2024 compared to the same periods in 2023 due to higher net sales of laptops.iPadiPad net sales increased during the third quarter of

123、 2024 compared to the third quarter of 2023 due primarily to higher net sales of iPad Pro and iPad Air.Year-over-year iPad net sales decreased during the first nine months of 2024 due primarily to lower net sales of iPad 9th generation and iPad Pro,partially offset by higher net sales of iPad 10th g

124、eneration.Wearables,Home and AccessoriesWearables,Home and Accessories net sales decreased during the third quarter of 2024 compared to the third quarter of 2023 due primarily to lower net sales of Wearables.Year-over-year Wearables,Home and Accessories net sales decreased during the first nine mont

125、hs of 2024 due primarily to lower net sales of Wearables and Accessories.ServicesServices net sales increased during the third quarter and first nine months of 2024 compared to the same periods in 2023 due primarily to higher net sales from advertising,the App Store and cloud services.Apple Inc.|Q3

126、2024 Form 10-Q|15Gross MarginProducts and Services gross margin and gross margin percentage for the three-and nine-month periods ended June 29,2024 and July1,2023 were as follows(dollars in millions):Three Months EndedNine Months EndedJune 29,2024July 1,2023June 29,2024July 1,2023Gross margin:Produc

127、ts$21,761$21,448$84,241$84,205 Services 17,917 14,965 52,563 44,516 Total gross margin$39,678$36,413$136,804$128,721 Gross margin percentage:Products 35.3%35.4%37.5%36.5%Services 74.0%70.5%73.8%70.8%Total gross margin percentage 46.3%44.5%46.2%43.8%Products Gross MarginProducts gross margin was rela

128、tively flat during the third quarter and first nine months of 2024 compared to the same periods in 2023.Products gross margin percentage was relatively flat during the third quarter of 2024 compared to the third quarter of 2023.Year-over-year Products gross margin percentage increased during the fir

129、st nine months of 2024 due primarily to cost savings,partially offset by a different Products mix and the weakness in foreign currencies relative to the U.S.dollar.Services Gross MarginServices gross margin increased during the third quarter and first nine months of 2024 compared to the same periods

130、 in 2023 due primarily to higher Services net sales.Services gross margin percentage increased during the third quarter and first nine months of 2024 compared to the same periods in 2023 due primarily to a different Services mix.The Companys future gross margins can be impacted by a variety of facto

131、rs,as discussed in Part I,Item 1A of the 2023 Form 10-K and Part II,Item 1A of this Form 10-Q,in each case under the heading“Risk Factors.”As a result,the Company believes,in general,gross margins will be subject to volatility and downward pressure.Operating ExpensesOperating expenses for the three-

132、and nine-month periods ended June 29,2024 and July1,2023 were as follows(dollars in millions):Three Months EndedNine Months EndedJune 29,2024July 1,2023June 29,2024July 1,2023Research and development$8,006$7,442$23,605$22,608 Percentage of total net sales 9%9%8%8%Selling,general and administrative$6

133、,320$5,973$19,574$18,781 Percentage of total net sales 7%7%7%6%Total operating expenses$14,326$13,415$43,179$41,389 Percentage of total net sales 17%16%15%14%Research and DevelopmentThe growth in research and development(“R&D”)expense during the third quarter and first nine months of 2024 compared t

134、o the same periods in 2023 was driven primarily by increases in headcount-related expenses.Apple Inc.|Q3 2024 Form 10-Q|16Selling,General and AdministrativeSelling,general and administrative expense increased$347 million during the third quarter of 2024 and$793 million during the first nine months o

135、f 2024 compared to the same periods in 2023.Provision for Income TaxesProvision for income taxes,effective tax rate and statutory federal income tax rate for the three-and nine-month periods ended June 29,2024 and July1,2023 were as follows(dollars in millions):Three Months EndedNine Months EndedJun

136、e 29,2024July 1,2023June 29,2024July 1,2023Provision for income taxes$4,046$2,852$14,875$12,699 Effective tax rate 15.9%12.5%15.8%14.6%Statutory federal income tax rate 21%21%21%21%The Companys effective tax rate for the third quarter and first nine months of 2024 was lower than the statutory federa

137、l income tax rate due primarily to a lower effective tax rate on foreign earnings,the impact of the U.S.federal R&D credit,and tax benefits from share-based compensation,partially offset by state income taxes.The Companys effective tax rate for the third quarter and first nine months of 2024 was hig

138、her compared to the same periods in 2023 due primarily to a higher effective tax rate on foreign earnings and lower tax benefits from share-based compensation,partially offset by lower state income taxes.Liquidity and Capital ResourcesThe Company believes its balances of cash,cash equivalents and un

139、restricted marketable securities,along with cash generated by ongoing operations and continued access to debt markets,will be sufficient to satisfy its cash requirements and capital return program over the next 12 months and beyond.The Companys contractual cash requirements have not changed material

140、ly since the 2023 Form 10-K,except for manufacturing purchase obligations.Manufacturing Purchase ObligationsThe Company utilizes several outsourcing partners to manufacture subassemblies for the Companys products and to perform final assembly and testing of finished products.The Company also obtains

141、 individual components for its products from a wide variety of individual suppliers.As of June29,2024,the Company had manufacturing purchase obligations of$38.4 billion,with$38.3 billion payable within 12 months.Capital Return ProgramIn addition to its contractual cash requirements,the Company has a

142、uthorized share repurchase programs.The programs do not obligate the Company to acquire a minimum amount of shares.As of June29,2024,the Companys quarterly cash dividend was$0.25 per share.The Company intends to increase its dividend on an annual basis,subject to declaration by the Board of Director

143、s.During the third quarter of 2024,the Company repurchased$26.0 billion of its common stock and paid dividends and dividend equivalents of$3.9 billion.Recent Accounting PronouncementsIncome TaxesIn December 2023,the Financial Accounting Standards Board(the“FASB”)issued Accounting Standards Update(“A

144、SU”)No.2023-09,Income Taxes(Topic 740):Improvements to Income Tax Disclosures(“ASU 2023-09”),which will require the Company to disclose specified additional information in its income tax rate reconciliation and provide additional information for reconciling items that meet a quantitative threshold.A

145、SU 2023-09 will also require the Company to disaggregate its income taxes paid disclosure by federal,state and foreign taxes,with further disaggregation required for significant individual jurisdictions.The Company will adopt ASU 2023-09 in its fourth quarter of 2026 using a prospective transition m

146、ethod.Apple Inc.|Q3 2024 Form 10-Q|17Segment ReportingIn November 2023,the FASB issued ASU No.2023-07,Segment Reporting(Topic 280):Improvements to Reportable Segment Disclosures(“ASU 2023-07”),which will require the Company to disclose segment expenses that are significant and regularly provided to

147、the Companys chief operating decision maker(“CODM”).In addition,ASU 2023-07 will require the Company to disclose the title and position of its CODM and how the CODM uses segment profit or loss information in assessing segment performance and deciding how to allocate resources.The Company will adopt

148、ASU 2023-07 in its fourth quarter of 2025 using a retrospective transition method.Critical Accounting EstimatesThe preparation of financial statements and related disclosures in conformity with GAAP and the Companys discussion and analysis of its financial condition and operating results require the

149、 Companys management to make judgments,assumptions and estimates that affect the amounts reported.Note 1,“Summary of Significant Accounting Policies”of the Notes to Condensed Consolidated Financial Statements in Part I,Item 1 of this Form 10-Q and in the Notes to Consolidated Financial Statements in

150、 Part II,Item 8 of the 2023 Form 10-K describe the significant accounting policies and methods used in the preparation of the Companys condensed consolidated financial statements.There have been no material changes to the Companys critical accounting estimates since the 2023 Form 10-K.Item 3.Quantit

151、ative and Qualitative Disclosures About Market RiskThere have been no material changes to the Companys market risk during the first nine months of 2024.For a discussion of the Companys exposure to market risk,refer to the Companys market risk disclosures set forth in Part II,Item 7A,“Quantitative an

152、d Qualitative Disclosures About Market Risk”of the 2023 Form 10-K.Item 4.Controls and ProceduresEvaluation of Disclosure Controls and ProceduresBased on an evaluation under the supervision and with the participation of the Companys management,the Companys principal executive officer and principal fi

153、nancial officer have concluded that the Companys disclosure controls and procedures as defined in Rules 13a-15(e)and 15d-15(e)under the Exchange Act were effective as of June29,2024 to provide reasonable assurance that information required to be disclosed by the Company in reports that it files or s

154、ubmits under the Exchange Act is(i)recorded,processed,summarized and reported within the time periods specified in the SEC rules and forms and(ii)accumulated and communicated to the Companys management,including its principal executive officer and principal financial officer,as appropriate to allow

155、timely decisions regarding required disclosure.Changes in Internal Control over Financial ReportingThere were no changes in the Companys internal control over financial reporting during the third quarter of 2024,which were identified in connection with managements evaluation required by paragraph(d)

156、of Rules 13a-15 and 15d-15 under the Exchange Act,that have materially affected,or are reasonably likely to materially affect,the Companys internal control over financial reporting.Apple Inc.|Q3 2024 Form 10-Q|18PART II OTHER INFORMATIONItem 1.Legal ProceedingsDigital Markets Act InvestigationsOn Ma

157、rch 25,2024,the Commission announced that it had opened two formal noncompliance investigations against the Company under the European Union(“EU”)Digital Markets Act(the“DMA”).The Commissions investigations concern(1)Article 5(4)of the DMA,which relates to how developers may communicate and promote

158、offers to end users for apps distributed through the App Store as well as how developers may conclude contracts with those end users;and(2)Article 6(3)of the DMA,which relates to default settings,uninstallation of apps,and a web browser choice screen on iOS.On June 24,2024,the Commission announced i

159、ts preliminary findings in the Article 5(4)investigation alleging that the Companys App Store rules are in breach of the DMA and announced that it had opened a third formal investigation against the Company regarding whether the Companys new contractual requirements for third-party app developers an

160、d app marketplaces may violate the DMA.If the Commission makes a final determination that there has been a violation,it can issue a cease and desist order and may impose fines up to 10%of the Companys annual worldwide net sales.Although any decision by the Commission can be appealed to the General C

161、ourt of the EU,the effectiveness of the Commissions order would apply immediately while the appeal is pending,unless a stay of the order is granted.The Company believes that it complies with the DMA and has continued to make changes to its compliance plan in response to feedback and engagement with

162、the Commission.Department of Justice LawsuitOn March 21,2024,the U.S.Department of Justice(the“DOJ”)and a number of state and district attorneys general filed a civil antitrust lawsuit in the U.S.District Court for the District of New Jersey against the Company alleging monopolization or attempted m

163、onopolization in the markets for“performance smartphones”and“smartphones”in violation of U.S.antitrust laws.The DOJ is seeking equitable relief to redress the alleged anticompetitive behavior.In addition,various civil litigation matters have been filed in state and federal courts in the U.S.alleging

164、 similar violations of U.S.antitrust laws and seeking monetary damages and other nonmonetary relief.The Company believes it has substantial defenses and intends to vigorously defend itself.Epic GamesEpic Games,Inc.(“Epic”)filed a lawsuit in the U.S.District Court for the Northern District of Califor

165、nia(the“California District Court”)against the Company alleging violations of federal and state antitrust laws and Californias unfair competition law based upon the Companys operation of its App Store.The California District Court found that certain provisions of the Companys App Store Review Guidel

166、ines violate Californias unfair competition law and issued an injunction enjoining the Company from prohibiting developers from including in their apps external links that direct customers to purchasing mechanisms other than Apple in-app purchasing.The injunction applies to apps on the U.S.storefron

167、t of the iOS and iPadOS App Store.On January 16,2024,the Company implemented a plan to comply with the injunction and filed a statement of compliance with the California District Court.A motion by Epic disputing the Companys compliance plan and seeking to enforce the injunction,which the Company has

168、 opposed,is pending before the California District Court.The Company believes it has substantial defenses and intends to vigorously defend itself.Other Legal ProceedingsThe Company is subject to other legal proceedings and claims that have not been fully resolved and that have arisen in the ordinary

169、 course of business.The Company settled certain matters during the third quarter of 2024 that did not individually or in the aggregate have a material impact on the Companys financial condition or operating results.The outcome of litigation is inherently uncertain.If one or more legal matters were r

170、esolved against the Company in a reporting period for amounts above managements expectations,the Companys financial condition and operating results for that reporting period could be materially adversely affected.Item 1A.Risk FactorsThe Companys business,reputation,results of operations,financial co

171、ndition and stock price can be affected by a number of factors,whether currently known or unknown,including those described in Part I,Item 1A of the 2023 Form 10-K and Part II,Item 1A of the Form 10-Q for the quarter ended March 30,2024(the“second quarter 2024 Form 10-Q”),in each case under the head

172、ing“Risk Factors.”When any one or more of these risks materialize from time to time,the Companys business,reputation,results of operations,financial condition and stock price can be materially and adversely affected.Except for the risk factor disclosed in Part II,Item 1A of the second quarter 2024 F

173、orm 10-Q,which is hereby incorporated by reference into this Part II,Item 1A of this Form 10-Q,there have been no material changes to the Companys risk factors since the 2023 Form 10-K.Apple Inc.|Q3 2024 Form 10-Q|19Item 2.Unregistered Sales of Equity Securities and Use of ProceedsPurchases of Equit

174、y Securities by the Issuer and Affiliated PurchasersShare repurchase activity during the three months ended June29,2024 was as follows(in millions,except number of shares,which are reflected in thousands,and per-share amounts):PeriodsTotal Numberof Shares PurchasedAverage PricePaid Per ShareTotal Nu

175、mber of SharesPurchased as Part of PubliclyAnnounced Plans or ProgramsApproximate Dollar Value ofShares That May Yet Be PurchasedUnder the Plans or Programs(1)March 31,2024 to May 4,2024:Open market and privately negotiated purchases 45,690$169.74 45,690 May 5,2024 to June 1,2024:Open market and pri

176、vately negotiated purchases 51,729$188.38 51,729 June 2,2024 to June 29,2024:Open market and privately negotiated purchases 41,354$205.54 41,354 Total 138,773$114,074(1)On May 4,2023,the Board of Directors authorized the purchase of up to$90 billion of the Companys common stock under a share repurch

177、ase program.As of June29,2024,remaining availability under the May 2023 program was$4.1 billion.On May 2,2024,the Board of Directors authorized an additional program to repurchase up to$110 billion of the Companys common stock.The programs do not obligate the Company to acquire a minimum amount of s

178、hares.Under the programs,shares may be repurchased in privately negotiated or open market transactions,including under plans complying with Rule 10b5-1 under the Exchange Act.Item 3.Defaults Upon Senior SecuritiesNone.Item 4.Mine Safety DisclosuresNot applicable.Item 5.Other InformationInsider Tradi

179、ng ArrangementsOn May 24,2024,Tim Cook,the Companys Chief Executive Officer,entered into a trading plan intended to satisfy the affirmative defense conditions of Rule 10b5-1(c)under the Exchange Act.The plan provides for the sale,subject to certain price limits,of shares vesting during the duration

180、of the plan pursuant to certain equity awards granted to Mr.Cook,excluding shares withheld by the Company to satisfy income tax withholding and remittance obligations.Mr.Cooks plan will expire on May 24,2026,subject to early termination in accordance with the terms of the plan.Apple Inc.|Q3 2024 For

181、m 10-Q|20Item 6.ExhibitsIncorporated by ReferenceExhibitNumberExhibit DescriptionFormExhibitFiling Date/Period End Date31.1*Rule 13a-14(a)/15d-14(a)Certification of Chief Executive Officer.31.2*Rule 13a-14(a)/15d-14(a)Certification of Chief Financial Officer.32.1*Section 1350 Certifications of Chief

182、 Executive Officer and Chief Financial Officer.101*Inline XBRL Document Set for the condensed consolidated financial statements and accompanying notes in Part I,Item 1,“Financial Statements”of this Quarterly Report on Form 10-Q.104*Inline XBRL for the cover page of this Quarterly Report on Form 10-Q

183、,included in the Exhibit 101 Inline XBRL Document Set.*Filed herewith.*Furnished herewith.Apple Inc.|Q3 2024 Form 10-Q|21SIGNATUREPursuant to the requirements of the Securities Exchange Act of 1934,the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto dul

184、y authorized.Date:August1,2024Apple Inc.By:/s/Luca MaestriLuca MaestriSenior Vice President,Chief Financial OfficerApple Inc.|Q3 2024 Form 10-Q|22Exhibit 31.1CERTIFICATIONI,Timothy D.Cook,certify that:1.I have reviewed this quarterly report on Form 10-Q of Apple Inc.;2.Based on my knowledge,this rep

185、ort does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made,in light of the circumstances under which such statements were made,not misleading with respect to the period covered by this report;3.Based on my knowledge,the financi

186、al statements,and other financial information included in this report,fairly present in all material respects the financial condition,results of operations and cash flows of the Registrant as of,and for,the periods presented in this report;4.The Registrants other certifying officer(s)and I are respo

187、nsible for establishing and maintaining disclosure controls and procedures(as defined in Exchange Act Rules 13a-15(e)and 15d-15(e)and internal control over financial reporting(as defined in Exchange Act Rules 13a-15(f)and 15d-15(f)for the Registrant and have:(a)Designed such disclosure controls and

188、procedures,or caused such disclosure controls and procedures to be designed under our supervision,to ensure that material information relating to the Registrant,including its consolidated subsidiaries,is made known to us by others within those entities,particularly during the period in which this re

189、port is being prepared;(b)Designed such internal control over financial reporting,or caused such internal control over financial reporting to be designed under our supervision,to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements

190、 for external purposes in accordance with generally accepted accounting principles;(c)Evaluated the effectiveness of the Registrants disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures,as of the end of the

191、period covered by this report based on such evaluation;and(d)Disclosed in this report any change in the Registrants internal control over financial reporting that occurred during the Registrants most recent fiscal quarter(the Registrants fourth fiscal quarter in the case of an annual report)that has

192、 materially affected,or is reasonably likely to materially affect,the Registrants internal control over financial reporting;and5.The Registrants other certifying officer(s)and I have disclosed,based on our most recent evaluation of internal control over financial reporting,to the Registrants auditor

193、s and the audit committee of the Registrants board of directors(or persons performing the equivalent functions):(a)All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the Registra

194、nts ability to record,process,summarize and report financial information;and(b)Any fraud,whether or not material,that involves management or other employees who have a significant role in the Registrants internal control over financial reporting.Date:August1,2024By:/s/Timothy D.CookTimothy D.CookChi

195、ef Executive OfficerExhibit 31.2CERTIFICATIONI,Luca Maestri,certify that:1.I have reviewed this quarterly report on Form 10-Q of Apple Inc.;2.Based on my knowledge,this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements m

196、ade,in light of the circumstances under which such statements were made,not misleading with respect to the period covered by this report;3.Based on my knowledge,the financial statements,and other financial information included in this report,fairly present in all material respects the financial cond

197、ition,results of operations and cash flows of the Registrant as of,and for,the periods presented in this report;4.The Registrants other certifying officer(s)and I are responsible for establishing and maintaining disclosure controls and procedures(as defined in Exchange Act Rules 13a-15(e)and 15d-15(

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

199、ation relating to the Registrant,including its consolidated subsidiaries,is made known to us by others within those entities,particularly during the period in which this report is being prepared;(b)Designed such internal control over financial reporting,or caused such internal control over financial

200、 reporting to be designed under our supervision,to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;(c)Evaluated the effectiveness of the Registr

201、ants disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures,as of the end of the period covered by this report based on such evaluation;and(d)Disclosed in this report any change in the Registrants internal con

202、trol over financial reporting that occurred during the Registrants most recent fiscal quarter(the Registrants fourth fiscal quarter in the case of an annual report)that has materially affected,or is reasonably likely to materially affect,the Registrants internal control over financial reporting;and5

203、.The Registrants other certifying officer(s)and I have disclosed,based on our most recent evaluation of internal control over financial reporting,to the Registrants auditors and the audit committee of the Registrants board of directors(or persons performing the equivalent functions):(a)All significa

204、nt deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the Registrants ability to record,process,summarize and report financial information;and(b)Any fraud,whether or not material,that involves m

205、anagement or other employees who have a significant role in the Registrants internal control over financial reporting.Date:August1,2024By:/s/Luca MaestriLuca MaestriSenior Vice President,Chief Financial OfficerExhibit 32.1CERTIFICATIONS OF CHIEF EXECUTIVE OFFICER AND CHIEF FINANCIAL OFFICERPURSUANT

206、TO18 U.S.C.SECTION 1350,AS ADOPTED PURSUANT TOSECTION 906 OF THE SARBANES-OXLEY ACT OF 2002I,Timothy D.Cook,certify,as of the date hereof,pursuant to 18 U.S.C.Section 1350,as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002,that the Quarterly Report of Apple Inc.on Form 10-Q for the

207、 period ended June29,2024 fully complies with the requirements of Section 13(a)or 15(d)of the Securities Exchange Act of 1934 and that information contained in such Form 10-Q fairly presents in all material respects the financial condition and results of operations of Apple Inc.at the dates and for

208、the periods indicated.Date:August1,2024By:/s/Timothy D.CookTimothy D.CookChief Executive OfficerI,Luca Maestri,certify,as of the date hereof,pursuant to 18 U.S.C.Section 1350,as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002,that the Quarterly Report of Apple Inc.on Form 10-Q for

209、the period ended June29,2024 fully complies with the requirements of Section 13(a)or 15(d)of the Securities Exchange Act of 1934 and that information contained in such Form 10-Q fairly presents in all material respects the financial condition and results of operations of Apple Inc.at the dates and f

210、or the periods indicated.Date:August1,2024By:/s/Luca MaestriLuca MaestriSenior Vice President,Chief Financial OfficerA signed original of this written statement required by Section 906 has been provided to Apple Inc.and will be retained by Apple Inc.and furnished to the Securities and Exchange Commission or its staff upon request.