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(Mark One) ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the transition period fromto.Commission File Number:001-36743 Apple Inc. (Exact name of Registrant as specified in its charter) California 94-2404110 (I.R.S. Employer Identification No.) (State or other jurisdictionof incorporation or organization) 95014(Zip Code) (Address of principal executive offices) (408) 996-1010(Registrant’s telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: The Nasdaq Stock Market LLCThe Nasdaq Stock Market LLCThe Nasdaq Stock Market LLCThe Nasdaq Stock Market LLCThe Nasdaq Stock Market LLCThe Nasdaq Stock Market LLCThe Nasdaq Stock Market LLCThe Nasdaq Stock Market LLC 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 Actof 1934 during the preceding 12 months (or for such shorter period that the Registrant was required to file such reports), and (2) has beensubject 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 Rule405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the Registrant was required tosubmit such files). Indicate by check mark whether the Registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reportingcompany, 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☒Non-accelerated filer☐ If an emerging growth company, indicate by check mark if the Registrant has elected not to use the extended transition period for complying withany 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 defined in Rule 12b-2 of the Exchange Act). 14,840,390,000 shares of common stock were issued and outstanding as of July 18, 2025. Apple Inc. Form 10-Q Page Part I Item 1.Financial Statements1Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations13Item 3.Quantitative and Qualitative Disclosures About Market Risk19Item 4.Controls and Procedures19Part IIItem 1.Legal Proceedings20Item 1A.Risk Factors21Item 2.Unregistered Sales of Equity Securities and Use of Proceeds21Item 3.Defaults Upon Senior Securities21Item 4.Mine Safety Disclosures21Item 5.Other Information21Item 6.Exhibits22 Apple Inc. Apple Inc. Apple Inc. CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited)(In millions, except number of shares, which are reflected in thousands, and par value) Apple Inc. Apple Inc. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)(In millions) Apple Inc. Notes to Condensed Consolidated Financial Statements (Unaudited) Note 1 – Summary of Significant Accounting Policies Basis of Presentation and Preparation Thecondensed consolidated financial statements include the accounts of Apple Inc.and its wholly owned subsidiaries(collectively “Apple” or the “Company”). In the opinion of the Company’s management, the condensed consolidated financialstatements 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. generallyaccepted accounting principles (“GAAP”) requires the use of management estimates. These condensed consolidated financialstatements and accompanying notes should be read in conjunction with the Company’s annual consolidated financial statementsand accompanying notes included in its Annual Report on Form 10-K for the fiscal year ended September 28, 2024 (the “2024Form 10-K”). The Company’s fiscal year is the 52- or 53-week period that ends on the last Saturday of September. An additional week isincluded in the first fiscal quarter every five or six years to realign the Company’s fiscal quarters with calendar quarters. TheCompany’s fiscal years 2025 and 2024 span 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 ofthose fiscal years. Note 2 – Revenue The following table shows disaggregated net sales, as well as the portion of total net sales that was previously deferred, for thethree- and nine-month periods ended June 28, 2025 and June 29, 2024 (in millions): The Company’s proportion of net sales by disaggregated revenue source was generally consistent for each reportable segmentin Note 10, “Segment Information and Geogra