Apple Inc. (AAPL) SEC Filing 10-K Annual report for the fiscal year ending Saturday, September 26, 2020

Apple Inc

CIK: 320193 Ticker: AAPL

Exhibit 99.1

Apple Reports Fourth Quarter Results

Company revenue sets September quarter record

Services and Mac revenue reach new all-time high

CUPERTINO, California — October 29, 2020 — Apple
® today announced financial results for its fiscal 2020 fourth quarter ended September 26, 2020. The Company posted record September quarter revenue of $64.7 billion and quarterly earnings per diluted share of $0.73. International sales accounted for 59 percent of the quarter’s revenue.

“Apple capped off a fiscal year defined by innovation in the face of adversity with a September quarter record, led by all-time records for Mac and Services,” said Tim Cook, Apple’s CEO. “Despite the ongoing impacts of COVID-19, Apple is in the midst of our most prolific product introduction period ever, and the early response to all our new products, led by our first 5G-enabled iPhone lineup, has been tremendously positive. From remote learning to the home office, Apple products have been a window to the world for users as the pandemic continues, and our teams have met the needs of this moment with creativity, passion, and the kinds of big ideas that only Apple can deliver.”

“Our outstanding September quarter performance concludes a remarkable fiscal year, where we established new all-time records for revenue, earnings per share, and free cash flow, in spite of an extremely volatile and challenging macro environment,” said Luca Maestri, Apple’s CFO. “Our sales results and the unmatched loyalty of our customers drove our active installed base of devices to an all-time high in all of our major product categories. We also returned nearly $22 billion to shareholders during the quarter, as we maintain our target of reaching a net cash neutral position over time.”

Apple’s Board of Directors has declared a cash dividend of $0.205 per share of the Company’s common stock. The dividend is payable on November 12, 2020 to shareholders of record as of the close of business on November 9, 2020.

Apple will provide live streaming of its Q4 2020 financial results conference call beginning at 2:00 p.m. PT on October 29, 2020 at This webcast will also be available for replay for approximately two weeks thereafter.

Apple periodically provides information for investors on its corporate website,, and its investor relations website, This includes press releases and other information about financial performance, reports filed or furnished with the SEC, information on corporate governance, and details related to its annual meeting of shareholders.

The following information was filed by Apple Inc (AAPL) on Thursday, October 29, 2020 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Inside Apple Inc's 10-K Annual Report:

Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Cover Page
Consolidated Balance Sheets
Consolidated Balance Sheets (Parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Comprehensive Income
Consolidated Statements Of Operations
Consolidated Statements Of Shareholders' Equity
Benefit Plans
Benefit Plans (Tables)
Benefit Plans - Additional Information (Details)
Benefit Plans - Restricted Stock Units Activity And Related Information (Details)
Benefit Plans - Summary Of Share-Based Compensation Expense And The Related Income Tax Benefit (Details)
Commitments And Contingencies
Commitments And Contingencies (Tables)
Commitments And Contingencies - Additional Information (Details)
Commitments And Contingencies - Changes In Accrued Warranties And Related Costs (Details)
Commitments And Contingencies - Future Payments Under Unconditional Purchase Obligations (Details)
Comprehensive Income
Comprehensive Income (Tables)
Comprehensive Income - Change In Aoci By Component (Details)
Comprehensive Income - Pre-Tax Amounts Reclassified From Aoci Into The Consolidated Statements Of Operations (Details)
Consolidated Financial Statement Details
Consolidated Financial Statement Details (Tables)
Consolidated Financial Statement Details - Other Income/(Expense), Net (Details)
Consolidated Financial Statement Details - Other Non-Current Liabilities (Details)
Consolidated Financial Statement Details - Property, Plant And Equipment, Net (Details)
Debt (Tables)
Debt - Additional Information (Details)
Debt - Future Principal Payments For Term Debt (Details)
Debt - Summary Of Cash Flows Associated With Commercial Paper (Details)
Debt - Summary Of Term Debt (Details)
Financial Instruments
Financial Instruments (Tables)
Financial Instruments - Additional Information (Details)
Financial Instruments - Cash, Cash Equivalents And Marketable Securities (Details)
Financial Instruments - Derivative Instruments At Gross Fair Value (Details)
Financial Instruments - Derivative Instruments Designated As Fair Value Hedges And Related Hedged Items (Details)
Financial Instruments - Notional Amounts And Credit Risk Amounts Associated With Derivative Instruments (Details)
Financial Instruments - Pre-Tax Gains And Losses Of Derivative And Non-Derivative Instruments Designated As Cash Flow And Net Investment Hedges (Details)
Financial Instruments - Restricted Cash (Details)
Income Taxes
Income Taxes (Tables)
Income Taxes - Additional Information (Details)
Income Taxes - Aggregate Changes In Gross Unrecognized Tax Benefits (Details)
Income Taxes - Provision For Income Taxes (Details)
Income Taxes - Reconciliation Of The Provision For Income Taxes (Details)
Income Taxes - Significant Components Of Deferred Tax Assets And Liabilities (Details)
Leases (Tables)
Leases - Additional Information (Details)
Leases - Lease Liability Maturities (Details)
Leases - Rou Assets And Lease Liabilities (Details)
Revenue Recognition
Revenue Recognition (Tables)
Revenue Recognition - Additional Information (Details)
Revenue Recognition - Deferred Revenue, Expected Timing Of Realization (Details)
Revenue Recognition - Net Sales Disaggregated By Significant Products And Services (Details)
Segment Information And Geographic Data
Segment Information And Geographic Data (Tables)
Segment Information And Geographic Data - Long-Lived Assets (Details)
Segment Information And Geographic Data - Net Sales (Details)
Segment Information And Geographic Data - Reconciliation Of Segment Operating Income To The Consolidated Statements Of Operations (Details)
Segment Information And Geographic Data - Summary Information By Reportable Segment (Details)
Selected Quarterly Financial Information (Unaudited)
Selected Quarterly Financial Information (Unaudited) (Tables)
Selected Quarterly Financial Information (Unaudited) - Summary Of Quarterly Financial Information (Details)
Shareholders' Equity
Shareholders' Equity (Tables)
Shareholders' Equity - Additional Information (Details)
Shareholders' Equity - Shares Of Common Stock (Details)
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies (Policies)
Summary Of Significant Accounting Policies (Tables)
Summary Of Significant Accounting Policies - Additional Information (Details)
Summary Of Significant Accounting Policies - Computation Of Basic And Diluted Earnings Per Share (Details)
Ticker: AAPL
CIK: 320193
Form Type: 10-K Annual Report
Accession Number: 0000320193-20-000096
Submitted to the SEC: Thu Oct 29 2020 6:06:25 PM EST
Accepted by the SEC: Fri Oct 30 2020
Period: Saturday, September 26, 2020
Industry: Electronic Computers

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