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Apple reports second-quarter results

This press release contains forward-looking statements, within the meaning of the Private Title Litigation Reform Act of 1995. These forward-looking statements include without limitation those on the Company’s expectations regarding the impact of the pandemic. COVID-19; expected revenues, gross margin, operating expenses, other income / (expenses), and tax rates; plans for the return of capital; our goal of maintaining a net neutral position; and our investment plans and environmental initiatives. These statements imply risks and uncertainties, and actual results may differ materially from any future results expressed or implied by forward-looking statements. Risks and uncertainties include without limitation: the effect of the COVID-19 pandemic on the Company’s operations, results of operations, financial condition and share price; the effect of global and regional economic conditions on the Company’s business, including the effects on purchasing decisions by consumers and businesses; the Company’s ability to compete in highly competitive markets and undergo rapid technological change; the Company’s ability to manage frequent introductions and transitions of products and services, including delivery to the market, and stimulate customer demand, new products, services, and technological innovations at the same time; the changing effect on the mix of products and services and on the geographical, currency or channel mix, increases the cost of components, increases the cost of purchasing and distributing content for the Company’s services, price competition, or the introduction of new products or services, including new products or services with higher cost structures, could have on the Company’s gross margin; the Company’s reliance on the services of distributors of the Company’s products, including cellular network carriers and other resellers; the risk of write-downs on the value of inventory and other assets and the risk of cancellation of the purchase commitment; the continued availability on acceptable terms, or at all, of certain components, services, and new technologies essential to the Company’s operations, including components and technologies that may be available only from single or limited sources; the Company’s reliance on third-party manufacturing and logistics services, many of which are located outside of the United States and which may influence the quality, quantity or cost of the products manufactured or services rendered to the Company; the effect of product and service design and manufacturing defects on the Company’s financial performance and reputation; the Company’s reliance on third party intellectual property and digital content, which may not be available to the Company on commercially reasonable terms or in full; the Company’s reliance on support from third-party software developers to develop and maintain software applications and services for the Company’s products; the impact of unfavorable legal proceedings or government investigations; the impact of complex and changing laws and regulations around the world, which exposes the Company to potential liabilities, increased costs, and other adverse effects on the Company’s operations; the Company’s ability to manage the risks associated with the Company’s sales transactions; the Company’s ability to manage the risks associated with the Company’s investments in new business and acquisition strategies; the impact on the Company’s business and reputation of information technology system failures, network disruptions, or loss or unauthorized access to, or release of, confidential information; the Company’s ability to comply with data protection laws and regulations; ongoing service and availability of top executives and employees; political events, international trade disputes, war, terrorism, natural disasters, public health problems, and other business interruptions that may disrupt the supply or delivery of, or demand for, the Company’s products; financial risks, including risks related to currency fluctuations, credit risks and fluctuations in the market value of the Company’s investment portfolio; and changes in tax rates and exposure to additional tax liabilities. More information on these risks and other potential factors that could influence the Company’s business and financial results are included in the Company’s deposits with the SEC, as well as in the “Risk Factors” and “Discussion and Analysis” sections. the Financial Statement Management and Operating Results ”of the Company’s most recent periodic reports on Form 10-K and Form 10-Q and subsequent records The Company assumes no obligation to update any forward-looking statements or information, which speak of their respective dates.


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