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      "orig": "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.",
      "text": "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."
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      "orig": "Apple Inc. | Q3 2026 Form 10-Q | 1",
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      "orig": "Apple Inc. | Q3 2026 Form 10-Q | 3",
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      "orig": "CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (Unaudited)",
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      "orig": "See accompanying Notes to Condensed Consolidated Financial Statements.",
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      "orig": "Apple Inc. | Q3 2026 Form 10-Q | 4",
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      "orig": "CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)",
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      "orig": "See accompanying Notes to Condensed Consolidated Financial Statements.",
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      "orig": "Apple Inc. | Q3 2026 Form 10-Q | 5",
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      "orig": "Notes to Condensed Consolidated Financial Statements (Unaudited)",
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      "orig": "Note 1 - Summary of Significant Accounting Policies",
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      "orig": "Basis of Presentation and Preparation",
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      "orig": "The 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 Company's management, the condensed consolidated financial statements 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  use  of  management  estimates.  Certain  prior  period  amounts  in  the  condensed consolidated  financial  statements  and  accompanying  notes  have  been  reclassified  to  conform  to  the  current  period's  presentation.  These  condensed consolidated financial statements and accompanying notes should be read in conjunction with the Company's annual consolidated financial statements and accompanying notes included in its Annual Report on Form 10-K for the fiscal year ended September 27, 2025 (the '2025 Form 10-K').",
      "text": "The 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 Company's management, the condensed consolidated financial statements 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  use  of  management  estimates.  Certain  prior  period  amounts  in  the  condensed consolidated  financial  statements  and  accompanying  notes  have  been  reclassified  to  conform  to  the  current  period's  presentation.  These  condensed consolidated financial statements and accompanying notes should be read in conjunction with the Company's annual consolidated financial statements and accompanying notes included in its Annual Report on Form 10-K for the fiscal year ended September 27, 2025 (the '2025 Form 10-K')."
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      "text": "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. The Company's fiscal years 2026 and 2025 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 of those fiscal years."
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      "orig": "The following table shows disaggregated net sales, as well as the portion of total net sales that was previously deferred, for the three- and nine-month periods ended June 27, 2026 and June 28, 2025 (in millions):",
      "text": "The following table shows disaggregated net sales, as well as the portion of total net sales that was previously deferred, for the three- and nine-month periods ended June 27, 2026 and June 28, 2025 (in millions):"
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      "orig": "The  Company's  proportion  of  net  sales  by  disaggregated  revenue  source  was  generally  consistent  for  each  reportable  segment  in  Note  10,  'Segment Information' for the three- and nine-month periods ended June 27, 2026 and June 28, 2025, except in Greater China, where iPhone revenue represented a moderately higher proportion of net sales.",
      "text": "The  Company's  proportion  of  net  sales  by  disaggregated  revenue  source  was  generally  consistent  for  each  reportable  segment  in  Note  10,  'Segment Information' for the three- and nine-month periods ended June 27, 2026 and June 28, 2025, except in Greater China, where iPhone revenue represented a moderately higher proportion of net sales."
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      "text": "As of June 27, 2026 and September 27, 2025, the Company had total deferred revenue of $14.9 billion and $13.7 billion, respectively. As of June 27, 2026, the Company expects 64% of total deferred revenue to be realized in less than a year, 23% within one-to-two years, 11% within two-to-three years and 2% in greater than three years."
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      "orig": "Apple Inc. | Q3 2026 Form 10-Q | 6",
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      "orig": "The following table shows the computation of basic and diluted earnings per share for the three- and nine-month periods ended June 27, 2026 and June 28, 2025 (net income in millions and shares in thousands):",
      "text": "The following table shows the computation of basic and diluted earnings per share for the three- and nine-month periods ended June 27, 2026 and June 28, 2025 (net income in millions and shares in thousands):"
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      "orig": "Cash, Cash Equivalents and Marketable Securities",
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      "orig": "The  following  tables  show  the  Company's  cash,  cash  equivalents  and  marketable  securities  by  significant  investment  category  as  of  June  27,  2026  and September 27, 2025 (in millions):",
      "text": "The  following  tables  show  the  Company's  cash,  cash  equivalents  and  marketable  securities  by  significant  investment  category  as  of  June  27,  2026  and September 27, 2025 (in millions):"
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      "orig": "Apple Inc. | Q3 2026 Form 10-Q | 7",
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      "orig": "As of June 27, 2026, 81% of the Company's non-current marketable debt securities other than mortgage- and asset-backed securities had maturities between 1 and 5 years, 16% between 5 and 10 years, and 3% greater than 10 years. As of June 27, 2026, 14% of the Company's non-current mortgage- and asset-backed securities had maturities between 1 and 5 years, 21% between 5 and 10 years, and 65% greater than 10 years.",
      "text": "As of June 27, 2026, 81% of the Company's non-current marketable debt securities other than mortgage- and asset-backed securities had maturities between 1 and 5 years, 16% between 5 and 10 years, and 3% greater than 10 years. As of June 27, 2026, 14% of the Company's non-current mortgage- and asset-backed securities had maturities between 1 and 5 years, 21% between 5 and 10 years, and 65% greater than 10 years."
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      "orig": "Derivative Instruments and Hedging",
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      "orig": "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.",
      "text": "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."
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      "text": "To 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 revenue and inventory purchases, typically for up to 12 months."
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      "text": "To protect the Company's foreign currency-denominated 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 as either cash flow or fair value hedges. As of June 27, 2026, 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 16 years."
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      "orig": "The Company may also use derivative instruments that are not designated 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.",
      "text": "The Company may also use derivative instruments that are not designated 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."
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      "orig": "To protect the Company's 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.",
      "text": "To protect the Company's 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."
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      "orig": "Apple Inc. | Q3 2026 Form 10-Q | 8",
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      "orig": "The notional amounts of the Company's outstanding derivative instruments as of June 27, 2026 and September 27, 2025, were as follows (in millions):",
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      "text": "As of June 27, 2026 and September 27, 2025, the carrying amount of the Company's current and non-current term debt subject to fair value hedges was $10.4 billion and $12.6 billion, respectively."
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      "text": "As of both June 27, 2026 and September 27, 2025, the Company had one customer that represented 10% or more of total trade receivables, which accounted for 18% and 12%, respectively. The Company's third-party cellular network carriers accounted for 27% and 34% of total trade receivables as of June 27, 2026 and September 27, 2025, respectively. The Company requires third-party credit support or collateral from certain customers to limit credit risk."
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      "text": "The 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 products 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 by the Company. As of June 27, 2026, the Company had two vendors that individually represented 10% or more of total vendor non-trade receivables, which accounted for 47% and 22%. As of September 27, 2025, the Company had two vendors that individually represented 10% or more of total vendor non-trade receivables, which accounted for 46% and 23%."
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      "text": "The following tables show the Company's condensed consolidated financial statement details as of June 27, 2026 and September 27, 2025 (in millions):"
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      "orig": "Apple Inc. | Q3 2026 Form 10-Q | 9",
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      "orig": "Intangible Assets, Net",
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      "orig": "Commercial Paper",
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      "orig": "The Company issues unsecured short-term promissory notes pursuant to a 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 27, 2026 and September 27, 2025, the Company had $2.0 billion and $8.0 billion of commercial paper outstanding, respectively. The following table provides a summary of cash flows associated with commercial paper for the nine months ended June 27, 2026 and June 28, 2025 (in millions):",
      "text": "The Company issues unsecured short-term promissory notes pursuant to a 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 27, 2026 and September 27, 2025, the Company had $2.0 billion and $8.0 billion of commercial paper outstanding, respectively. The following table provides a summary of cash flows associated with commercial paper for the nine months ended June 27, 2026 and June 28, 2025 (in millions):"
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      "orig": "Term Debt",
      "text": "Term Debt",
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      "orig": "As of June 27, 2026 and September 27, 2025, the Company had outstanding fixed-rate notes with varying maturities for an aggregate carrying amount of $82.3 billion and $90.7 billion, respectively (collectively the 'Notes'). As of June 27, 2026 and September 27, 2025, the fair value of the Company's Notes, based on Level 2 inputs, was $71.2 billion and $80.4 billion, respectively.",
      "text": "As of June 27, 2026 and September 27, 2025, the Company had outstanding fixed-rate notes with varying maturities for an aggregate carrying amount of $82.3 billion and $90.7 billion, respectively (collectively the 'Notes'). As of June 27, 2026 and September 27, 2025, the fair value of the Company's Notes, based on Level 2 inputs, was $71.2 billion and $80.4 billion, respectively."
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      "orig": "Note 7 - Shareholders' Equity",
      "text": "Note 7 - Shareholders' Equity",
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      "orig": "Share Repurchase Program",
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      "orig": "During  the  nine  months  ended  June  27,  2026,  the  Company  repurchased  215  million  shares  of  its  common  stock  for  $61.8  billion.  The  Company's  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 Rule 10b5-1 under the Securities Exchange Act of 1934, as amended ('Exchange Act').",
      "text": "During  the  nine  months  ended  June  27,  2026,  the  Company  repurchased  215  million  shares  of  its  common  stock  for  $61.8  billion.  The  Company's  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 Rule 10b5-1 under the Securities Exchange Act of 1934, as amended ('Exchange Act')."
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      "orig": "Apple Inc. | Q3 2026 Form 10-Q | 10",
      "text": "Apple Inc. | Q3 2026 Form 10-Q | 10"
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      "orig": "Note 8 - Share-Based Compensation",
      "text": "Note 8 - Share-Based Compensation",
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      "orig": "Restricted Stock Units",
      "text": "Restricted Stock Units",
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      "orig": "A summary of the Company's restricted stock unit ('RSU') activity and related information for the nine months ended June 27, 2026, is as follows:",
      "text": "A summary of the Company's restricted stock unit ('RSU') activity and related information for the nine months ended June 27, 2026, is as follows:"
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      "orig": "The total vesting-date fair value of RSUs was $8.9 billion and $7.0 billion for the three months ended June 27, 2026 and June 28, 2025, respectively, and was $18.4 billion and $16.3 billion for the nine months ended June 27, 2026 and June 28, 2025, respectively.",
      "text": "The total vesting-date fair value of RSUs was $8.9 billion and $7.0 billion for the three months ended June 27, 2026 and June 28, 2025, respectively, and was $18.4 billion and $16.3 billion for the nine months ended June 27, 2026 and June 28, 2025, respectively."
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      "orig": "Share-Based Compensation",
      "text": "Share-Based Compensation",
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      "orig": "The  following  table  shows  share-based  compensation  expense  and  the  related  income  tax  benefit  included  in  the  Condensed  Consolidated  Statements  of Operations for the three- and nine-month periods ended June 27, 2026 and June 28, 2025 (in millions):",
      "text": "The  following  table  shows  share-based  compensation  expense  and  the  related  income  tax  benefit  included  in  the  Condensed  Consolidated  Statements  of Operations for the three- and nine-month periods ended June 27, 2026 and June 28, 2025 (in millions):"
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      "orig": "As of June 27, 2026, the total unrecognized compensation cost related to outstanding RSUs was $26.7 billion, which the Company expects to recognize over a weighted-average period of 2.7 years.",
      "text": "As of June 27, 2026, the total unrecognized compensation cost related to outstanding RSUs was $26.7 billion, which the Company expects to recognize over a weighted-average period of 2.7 years."
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      "orig": "Note 9 - Commitments and Contingencies",
      "text": "Note 9 - Commitments and Contingencies",
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      "orig": "Unconditional Purchase Obligations",
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      "orig": "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  supplier  arrangements,  licensed  intellectual  property  and  content,  and distribution rights. Future payments under unconditional purchase obligations with a remaining term in excess of one year as of June 27, 2026, are as follows (in millions):",
      "text": "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  supplier  arrangements,  licensed  intellectual  property  and  content,  and distribution rights. Future payments under unconditional purchase obligations with a remaining term in excess of one year as of June 27, 2026, are as follows (in millions):"
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      "orig": "Contingencies",
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      "orig": "The 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 possibility 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.",
      "text": "The 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 possibility 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."
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      "orig": "Apple Inc. | Q3 2026 Form 10-Q | 11",
      "text": "Apple Inc. | Q3 2026 Form 10-Q | 11"
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      "orig": "Note 10 - Segment Information",
      "text": "Note 10 - Segment Information",
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      "orig": "The following tables show information by reportable segment for the three- and nine-month periods ended June 27, 2026 and June 28, 2025 (in millions):",
      "text": "The following tables show information by reportable segment for the three- and nine-month periods ended June 27, 2026 and June 28, 2025 (in millions):"
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      "orig": "Nine Months Ended June 27, 2026",
      "text": "Nine Months Ended June 27, 2026",
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      "orig": "Nine Months Ended June 28, 2025",
      "text": "Nine Months Ended June 28, 2025",
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      "orig": "Apple Inc. | Q3 2026 Form 10-Q | 12",
      "text": "Apple Inc. | Q3 2026 Form 10-Q | 12"
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      "orig": "Item 2.    Management's Discussion and Analysis of Financial Condition and Results of Operations",
      "text": "Item 2.    Management's Discussion and Analysis of Financial Condition and Results of Operations",
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      "orig": "This  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. 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  and  tariffs  and  other  measures  on  the  Company's  business  and  results  of  operations  are  forwardlooking  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 1A of the 2025 Form 10-K 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.",
      "text": "This  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. 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  and  tariffs  and  other  measures  on  the  Company's  business  and  results  of  operations  are  forwardlooking  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 1A of the 2025 Form 10-K 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."
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      "orig": "Unless otherwise stated, all information presented herein is based on the Company's fiscal calendar, and references to particular years, quarters, months or periods refer to the Company's fiscal years ended in September and the associated quarters, months and periods of those fiscal years.",
      "text": "Unless otherwise stated, all information presented herein is based on the Company's fiscal calendar, and references to particular years, quarters, months or periods refer to the Company's fiscal years ended in September and the associated quarters, months and periods of those fiscal years."
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      "orig": "The following discussion should be read in conjunction with the 2025 Form 10-K filed with the U.S. Securities and Exchange Commission ('SEC') and the condensed consolidated financial statements and accompanying notes included in Part I, Item 1 of this Form 10-Q.",
      "text": "The following discussion should be read in conjunction with the 2025 Form 10-K filed with the U.S. Securities and Exchange Commission ('SEC') and the condensed consolidated financial statements and accompanying notes included in Part I, Item 1 of this Form 10-Q."
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      "orig": "Available Information",
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      "orig": "The  Company  periodically  provides  certain  information  for  investors on  its  corporate  website,  www.apple.com,  and  its  investor  relations  website, investor.apple.com. This includes press releases and other information about financial performance, information on corporate governance, and details related to the Company's annual meeting of shareholders. The information contained on the websites referenced in this Form 10-Q is not incorporated by reference into this filing. Further, the Company's references to website URLs are intended to be inactive textual references only.",
      "text": "The  Company  periodically  provides  certain  information  for  investors on  its  corporate  website,  www.apple.com,  and  its  investor  relations  website, investor.apple.com. This includes press releases and other information about financial performance, information on corporate governance, and details related to the Company's annual meeting of shareholders. The information contained on the websites referenced in this Form 10-Q is not incorporated by reference into this filing. Further, the Company's references to website URLs are intended to be inactive textual references only."
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      "orig": "Business Seasonality and Product Introductions",
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      "orig": "The Company has historically experienced higher net  sales  in  its  first  quarter  compared  to  other  quarters  in  its  fiscal  year  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 Company's net sales to its indirect distribution channels as these channels are filled 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.",
      "text": "The Company has historically experienced higher net  sales  in  its  first  quarter  compared  to  other  quarters  in  its  fiscal  year  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 Company's net sales to its indirect distribution channels as these channels are filled 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."
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      "orig": "During the third quarter of 2026, the Company announced iOS 27, macOS 27 Golden Gate, iPadOS 27,  watchOS 27,  visionOS 27 and tvOS 27,  and introduced Siri AI. \u00ae \u00ae \u00ae \u00ae \u00ae",
      "text": "During the third quarter of 2026, the Company announced iOS 27, macOS 27 Golden Gate, iPadOS 27,  watchOS 27,  visionOS 27 and tvOS 27,  and introduced Siri AI. \u00ae \u00ae \u00ae \u00ae \u00ae"
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      "orig": "Macroeconomic Conditions",
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      "orig": "Macroeconomic conditions, including inflation, interest rates, component pricing and currency fluctuations, have directly and indirectly impacted, and could in the future materially impact, the Company's results of operations and financial condition.",
      "text": "Macroeconomic conditions, including inflation, interest rates, component pricing and currency fluctuations, have directly and indirectly impacted, and could in the future materially impact, the Company's results of operations and financial condition."
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      "orig": "The Company is experiencing a period of supply constraints and increasing costs for components driven by factors such as industry supply-demand imbalances for  components,  including  advanced  semiconductors,  storage  (NAND)  and  memory  (DRAM).  The  Company  expects  these  trends  to  intensify,  which  may materially negatively impact the Company's revenue, costs, gross margin, results of operations and financial condition. Actions, such as price increases, that have been and may in the future be taken by the Company may not effectively mitigate these negative impacts, and may also reduce demand for the Company's products and materially adversely affect the Company's revenue, costs, gross margin, results of operations and financial condition.",
      "text": "The Company is experiencing a period of supply constraints and increasing costs for components driven by factors such as industry supply-demand imbalances for  components,  including  advanced  semiconductors,  storage  (NAND)  and  memory  (DRAM).  The  Company  expects  these  trends  to  intensify,  which  may materially negatively impact the Company's revenue, costs, gross margin, results of operations and financial condition. Actions, such as price increases, that have been and may in the future be taken by the Company may not effectively mitigate these negative impacts, and may also reduce demand for the Company's products and materially adversely affect the Company's revenue, costs, gross margin, results of operations and financial condition."
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      "orig": "Apple Inc. | Q3 2026 Form 10-Q | 13",
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      "orig": "Tariffs and Other Measures",
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      "orig": "Beginning in the second quarter of 2025, new tariffs were announced on imports to the U.S., including additional tariffs on imports from China, India, Japan, South Korea, Taiwan, Vietnam and the European Union ('EU'), among others. In response, several countries have imposed, or threatened to impose, reciprocal tariffs on imports from the U.S. and other retaliatory measures. On January 14, 2026, initial results were published of the previously announced U.S. Department of Commerce investigation under Section 232 of the Trade Expansion Act of 1962, as amended, into imports of semiconductors, semiconductor manufacturing equipment,  and  their  derivative  products,  including  downstream  products  that  contain  semiconductors.  The  announcement  of  the  initial  results  of  the investigation  did  not  impose  any  additional  tariffs  affecting  the  Company's  products.  Separately,  on  February  20,  2026,  the  U.S.  Supreme  Court  ('Supreme Court') issued a ruling striking down certain tariffs previously imposed under the International Emergency Economic Powers Act of 1977. The Company has applied for a refund of tariffs paid, following the processes established by U.S. Customs and Border Protection, and has recognized any refunds received as a reduction of products cost of sales. Various modifications to U.S. tariffs have been announced, including the recent imposition of tariffs under Section 301 of the Trade Act  of  1974,  and  further  changes  could  be  made  in  the  future,  which  may  include  additional  measures  under  the  Section  232  semiconductor  sector investigation, additional sector-based tariffs, further actions under Section 301, or other measures. Tariffs and other measures that are applied to the Company's products or their components can have a material adverse impact on the Company's business, results of operations and financial condition, including impacting the Company's supply chain, the availability of rare earths and other raw materials and components, pricing and gross margin. The ultimate impact remains uncertain and will depend on several factors, including whether additional or incremental U.S. tariffs or other measures are announced or imposed, to what extent other countries implement tariffs or other retaliatory measures in response, and the overall magnitude and duration of these measures. Trade and other international disputes can have an adverse impact on the overall macroeconomic environment and result in shifts and reductions in consumer spending and negative  consumer  sentiment  for  the  Company's  products  and  services,  all  of  which  can  further  adversely  affect  the  Company's  business  and  results  of operations.",
      "text": "Beginning in the second quarter of 2025, new tariffs were announced on imports to the U.S., including additional tariffs on imports from China, India, Japan, South Korea, Taiwan, Vietnam and the European Union ('EU'), among others. In response, several countries have imposed, or threatened to impose, reciprocal tariffs on imports from the U.S. and other retaliatory measures. On January 14, 2026, initial results were published of the previously announced U.S. Department of Commerce investigation under Section 232 of the Trade Expansion Act of 1962, as amended, into imports of semiconductors, semiconductor manufacturing equipment,  and  their  derivative  products,  including  downstream  products  that  contain  semiconductors.  The  announcement  of  the  initial  results  of  the investigation  did  not  impose  any  additional  tariffs  affecting  the  Company's  products.  Separately,  on  February  20,  2026,  the  U.S.  Supreme  Court  ('Supreme Court') issued a ruling striking down certain tariffs previously imposed under the International Emergency Economic Powers Act of 1977. The Company has applied for a refund of tariffs paid, following the processes established by U.S. Customs and Border Protection, and has recognized any refunds received as a reduction of products cost of sales. Various modifications to U.S. tariffs have been announced, including the recent imposition of tariffs under Section 301 of the Trade Act  of  1974,  and  further  changes  could  be  made  in  the  future,  which  may  include  additional  measures  under  the  Section  232  semiconductor  sector investigation, additional sector-based tariffs, further actions under Section 301, or other measures. Tariffs and other measures that are applied to the Company's products or their components can have a material adverse impact on the Company's business, results of operations and financial condition, including impacting the Company's supply chain, the availability of rare earths and other raw materials and components, pricing and gross margin. The ultimate impact remains uncertain and will depend on several factors, including whether additional or incremental U.S. tariffs or other measures are announced or imposed, to what extent other countries implement tariffs or other retaliatory measures in response, and the overall magnitude and duration of these measures. Trade and other international disputes can have an adverse impact on the overall macroeconomic environment and result in shifts and reductions in consumer spending and negative  consumer  sentiment  for  the  Company's  products  and  services,  all  of  which  can  further  adversely  affect  the  Company's  business  and  results  of operations."
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      "orig": "The following table shows net sales by reportable segment for the three- and nine-month periods ended June 27, 2026 and June 28, 2025 (dollars in millions):",
      "text": "The following table shows net sales by reportable segment for the three- and nine-month periods ended June 27, 2026 and June 28, 2025 (dollars in millions):"
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      "orig": "Americas net sales increased during the third quarter and first nine months of 2026 compared to the same periods in 2025 primarily due to higher net sales of iPhone, Services and Mac.",
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      "orig": "Europe net sales increased during the third quarter and first nine months of 2026 compared to the same periods in 2025 primarily due to higher net sales of iPhone, Services and Mac. The strength in foreign currencies relative to the U.S. dollar had a net favorable year-over-year impact on Europe net sales during the first nine months of 2026.",
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      "orig": "Services  gross  margin  percentage  was  flat  during  the  third  quarter  of  2026  compared  to  the  third  quarter  of  2025.  Year-over-year  Services  gross  margin percentage increased during the first nine months of 2026 primarily due to a different mix of services, partially offset by higher costs.",
      "text": "Services  gross  margin  percentage  was  flat  during  the  third  quarter  of  2026  compared  to  the  third  quarter  of  2025.  Year-over-year  Services  gross  margin percentage increased during the first nine months of 2026 primarily due to a different mix of services, partially offset by higher costs."
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      "orig": "The Company's future gross margins can be impacted by a variety of factors, as discussed in Part I, Item 1A of the 2025 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.",
      "text": "The Company's future gross margins can be impacted by a variety of factors, as discussed in Part I, Item 1A of the 2025 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."
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      "orig": "Operating Expenses",
      "text": "Operating Expenses",
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      "orig": "Operating expenses for the three- and nine-month periods ended June 27, 2026 and June 28, 2025, were as follows (dollars in millions):",
      "text": "Operating expenses for the three- and nine-month periods ended June 27, 2026 and June 28, 2025, were as follows (dollars in millions):"
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      "orig": "Research and Development",
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      "orig": "Research and development ('R&D') expense increased during the third quarter and first nine months of 2026 compared to the same periods in 2025 primarily due to higher infrastructure-related costs, including investments in artificial intelligence, and headcount-related expenses.",
      "text": "Research and development ('R&D') expense increased during the third quarter and first nine months of 2026 compared to the same periods in 2025 primarily due to higher infrastructure-related costs, including investments in artificial intelligence, and headcount-related expenses."
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      "orig": "Selling, General and Administrative",
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      "orig": "Selling,  general  and  administrative  expense  increased  during  the  third  quarter  and  first  nine  months  of  2026  compared  to  the  same  periods  in  2025.  The increases were driven by various factors, none of which were significant individually or in the aggregate.",
      "text": "Selling,  general  and  administrative  expense  increased  during  the  third  quarter  and  first  nine  months  of  2026  compared  to  the  same  periods  in  2025.  The increases were driven by various factors, none of which were significant individually or in the aggregate."
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      "orig": "Provision for Income Taxes",
      "text": "Provision for Income Taxes",
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      "orig": "The Company's effective tax rate for the third quarter and first nine months of 2026 was lower than the statutory federal income tax rate primarily due to a lower effective tax rate on foreign earnings, including the impact of changes in unrecognized tax benefits, the impact of the U.S. federal R&D credit, and tax benefits from share-based compensation, partially offset by state income taxes.",
      "text": "The Company's effective tax rate for the third quarter and first nine months of 2026 was lower than the statutory federal income tax rate primarily due to a lower effective tax rate on foreign earnings, including the impact of changes in unrecognized tax benefits, the impact of the U.S. federal R&D credit, and tax benefits from share-based compensation, partially offset by state income taxes."
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      "orig": "The Company's effective tax rate for the third quarter of 2026 was higher compared to the third quarter of 2025 primarily due to a higher effective tax rate on foreign  earnings,  partially  offset  by  the  impact  of  changes  in  unrecognized  tax  benefits  and  tax  benefits  from  share-based  compensation.  The  Company's effective  tax  rate  for  the  first  nine  months  of  2026  was  higher  compared  to  the  same  period  in  2025  primarily  due  to  a  higher  effective  tax  rate  on  foreign earnings, including the impact of changes in unrecognized tax benefits, the impact of foreign currency loss regulations issued by the U.S. Department of the Treasury in December 2024, and the tax impact from foreign currency revaluations in the first quarter of 2025 related to the State Aid Decision.",
      "text": "The Company's effective tax rate for the third quarter of 2026 was higher compared to the third quarter of 2025 primarily due to a higher effective tax rate on foreign  earnings,  partially  offset  by  the  impact  of  changes  in  unrecognized  tax  benefits  and  tax  benefits  from  share-based  compensation.  The  Company's effective  tax  rate  for  the  first  nine  months  of  2026  was  higher  compared  to  the  same  period  in  2025  primarily  due  to  a  higher  effective  tax  rate  on  foreign earnings, including the impact of changes in unrecognized tax benefits, the impact of foreign currency loss regulations issued by the U.S. Department of the Treasury in December 2024, and the tax impact from foreign currency revaluations in the first quarter of 2025 related to the State Aid Decision."
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      "orig": "Apple Inc. | Q3 2026 Form 10-Q | 17",
      "text": "Apple Inc. | Q3 2026 Form 10-Q | 17"
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      "orig": "Liquidity and Capital Resources",
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      "orig": "The Company believes its balances of  cash,  cash  equivalents  and  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.",
      "text": "The Company believes its balances of  cash,  cash  equivalents  and  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."
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      "orig": "The Company's contractual cash requirements have not changed materially since the 2025 Form 10-K, except for manufacturing purchase obligations, other purchase obligations, and deemed repatriation tax payable.",
      "text": "The Company's contractual cash requirements have not changed materially since the 2025 Form 10-K, except for manufacturing purchase obligations, other purchase obligations, and deemed repatriation tax payable."
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      "orig": "Manufacturing Purchase Obligations",
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      "orig": "The Company utilizes several outsourcing partners to manufacture subassemblies for the Company's products and to perform final assembly and testing of finished  products.  The  Company  also  obtains  individual  components  for  its  products  from  a  wide  variety  of  individual  suppliers. As  of  June  27,  2026,  the Company had manufacturing purchase obligations of $57.0 billion, with $56.2 billion payable within 12 months.",
      "text": "The Company utilizes several outsourcing partners to manufacture subassemblies for the Company's products and to perform final assembly and testing of finished  products.  The  Company  also  obtains  individual  components  for  its  products  from  a  wide  variety  of  individual  suppliers. As  of  June  27,  2026,  the Company had manufacturing purchase obligations of $57.0 billion, with $56.2 billion payable within 12 months."
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      "orig": "Other Purchase Obligations",
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      "orig": "The Company's other purchase obligations primarily consist of noncancelable obligations related to supplier arrangements, licensed intellectual property and content,  distribution  rights,  and  the  acquisition  of  capital  assets  related  to  product  manufacturing. As  of  June  27,  2026,  the  Company  had  other  purchase obligations of $29.3 billion, with $9.2 billion payable within 12 months.",
      "text": "The Company's other purchase obligations primarily consist of noncancelable obligations related to supplier arrangements, licensed intellectual property and content,  distribution  rights,  and  the  acquisition  of  capital  assets  related  to  product  manufacturing. As  of  June  27,  2026,  the  Company  had  other  purchase obligations of $29.3 billion, with $9.2 billion payable within 12 months."
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      "orig": "Deemed Repatriation Tax Payable",
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      "orig": "During the first nine months of 2026, the Company paid the remaining $8.8 billion balance of the deemed repatriation tax payable imposed by the U.S. Tax Cuts and Jobs Act of 2017.",
      "text": "During the first nine months of 2026, the Company paid the remaining $8.8 billion balance of the deemed repatriation tax payable imposed by the U.S. Tax Cuts and Jobs Act of 2017."
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      "orig": "In addition to its contractual cash requirements, the Company has authorized share repurchase programs. The programs do not obligate the Company to acquire a minimum amount of shares. As of June 27, 2026, the Company's quarterly cash dividend was $0.27 per share. The Company intends to increase its dividend on an annual basis, subject to declaration by the Board of Directors.",
      "text": "In addition to its contractual cash requirements, the Company has authorized share repurchase programs. The programs do not obligate the Company to acquire a minimum amount of shares. As of June 27, 2026, the Company's quarterly cash dividend was $0.27 per share. The Company intends to increase its dividend on an annual basis, subject to declaration by the Board of Directors."
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      "orig": "During the third quarter of 2026, the Company repurchased $25.8 billion of its common stock and paid dividends and dividend equivalents of $4.0 billion.",
      "text": "During the third quarter of 2026, the Company repurchased $25.8 billion of its common stock and paid dividends and dividend equivalents of $4.0 billion."
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      "orig": "Recent Accounting Pronouncements",
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      "orig": "Internal-Use Software",
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      "orig": "In September 2025, the Financial Accounting Standards Board ('FASB') issued Accounting Standards Update ('ASU') No. 2025-06, Intangibles-Goodwill and Other-Internal-Use Software (Subtopic 350-40): Targeted Improvements to the Accounting for Internal-Use Software ('ASU 2025-06'), which modernizes the accounting for internal-use software. ASU 2025-06 removes all references to software development stages and requires capitalization of software costs when management has committed to the software project and it is probable the software will be completed and perform its intended use. ASU 2025-06 will be effective for the Company in its first quarter of 2029, and early adoption is permitted. The Company is currently evaluating the timing and method of its adoption of ASU 2025-06.",
      "text": "In September 2025, the Financial Accounting Standards Board ('FASB') issued Accounting Standards Update ('ASU') No. 2025-06, Intangibles-Goodwill and Other-Internal-Use Software (Subtopic 350-40): Targeted Improvements to the Accounting for Internal-Use Software ('ASU 2025-06'), which modernizes the accounting for internal-use software. ASU 2025-06 removes all references to software development stages and requires capitalization of software costs when management has committed to the software project and it is probable the software will be completed and perform its intended use. ASU 2025-06 will be effective for the Company in its first quarter of 2029, and early adoption is permitted. The Company is currently evaluating the timing and method of its adoption of ASU 2025-06."
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      "orig": "Disaggregation of Income Statement Expenses",
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      "orig": "In November 2024, the FASB issued ASU No. 2024-03, Income Statement-Reporting Comprehensive Income-Expense Disaggregation Disclosures (Subtopic 220-40):  Disaggregation  of  Income  Statement  Expenses ('ASU  2024-03')  and  in  January  2025,  the  FASB  issued ASU  No.  2025-01, Income  StatementReporting Comprehensive Income-Expense Disaggregation Disclosures (Subtopic 220-40): Clarifying the Effective Date ,  which clarified the effective date of ASU 2024-03. ASU 2024-03 will require the Company to disclose the amounts of purchases of inventory, employee compensation, depreciation and intangible asset amortization, as applicable, included in certain expense captions in the Consolidated Statements of Operations, as well as qualitatively describe remaining amounts included in those captions. ASU 2024-03 will also require the Company to disclose both the amount and the Company's definition of selling expenses. The Company will adopt ASU 2024-03 in its fourth quarter of 2028 using a prospective transition method.",
      "text": "In November 2024, the FASB issued ASU No. 2024-03, Income Statement-Reporting Comprehensive Income-Expense Disaggregation Disclosures (Subtopic 220-40):  Disaggregation  of  Income  Statement  Expenses ('ASU  2024-03')  and  in  January  2025,  the  FASB  issued ASU  No.  2025-01, Income  StatementReporting Comprehensive Income-Expense Disaggregation Disclosures (Subtopic 220-40): Clarifying the Effective Date ,  which clarified the effective date of ASU 2024-03. ASU 2024-03 will require the Company to disclose the amounts of purchases of inventory, employee compensation, depreciation and intangible asset amortization, as applicable, included in certain expense captions in the Consolidated Statements of Operations, as well as qualitatively describe remaining amounts included in those captions. ASU 2024-03 will also require the Company to disclose both the amount and the Company's definition of selling expenses. The Company will adopt ASU 2024-03 in its fourth quarter of 2028 using a prospective transition method."
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      "orig": "Apple Inc. | Q3 2026 Form 10-Q | 18",
      "text": "Apple Inc. | Q3 2026 Form 10-Q | 18"
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      "orig": "Income Taxes",
      "text": "Income Taxes",
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      "orig": "In December 2023, the FASB issued ASU 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. ASU 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 method.",
      "text": "In December 2023, the FASB issued ASU 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. ASU 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 method."
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      "orig": "Critical Accounting Estimates",
      "text": "Critical Accounting Estimates",
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      "orig": "The preparation of financial statements and related disclosures in conformity with GAAP and the Company's discussion and analysis of its financial condition and operating results require the Company's 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 Part II, Item 8 of the 2025 Form 10-K describe the significant accounting policies and methods used in the preparation of the Company's condensed consolidated financial statements. There have been no material changes to the Company's critical accounting estimates since the 2025 Form 10-K.",
      "text": "The preparation of financial statements and related disclosures in conformity with GAAP and the Company's discussion and analysis of its financial condition and operating results require the Company's 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 Part II, Item 8 of the 2025 Form 10-K describe the significant accounting policies and methods used in the preparation of the Company's condensed consolidated financial statements. There have been no material changes to the Company's critical accounting estimates since the 2025 Form 10-K."
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      "orig": "Item 3.    Quantitative and Qualitative Disclosures About Market Risk",
      "text": "Item 3.    Quantitative and Qualitative Disclosures About Market Risk",
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      "orig": "There have been no material changes to the Company's market risk during the first nine months of 2026. For a discussion of the Company's exposure to market risk, refer to the Company's market risk disclosures set forth in Part II, Item 7A, 'Quantitative and Qualitative Disclosures About Market Risk' of the 2025 Form 10-K.",
      "text": "There have been no material changes to the Company's market risk during the first nine months of 2026. For a discussion of the Company's exposure to market risk, refer to the Company's market risk disclosures set forth in Part II, Item 7A, 'Quantitative and Qualitative Disclosures About Market Risk' of the 2025 Form 10-K."
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      "orig": "Item 4.    Controls and Procedures",
      "text": "Item 4.    Controls and Procedures",
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      "orig": "Evaluation of Disclosure Controls and Procedures",
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      "orig": "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 June 27, 2026 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 specified in the SEC rules and forms and (ii) accumulated and communicated to the Company's management, including its principal executive officer and principal financial officer, as appropriate to allow timely decisions regarding required disclosure.",
      "text": "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 June 27, 2026 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 specified in the SEC rules and forms and (ii) accumulated and communicated to the Company's management, including its principal executive officer and principal financial officer, as appropriate to allow timely decisions regarding required disclosure."
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      "orig": "Changes in Internal Control over Financial Reporting",
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      "orig": "There were no changes in the Company's internal control over financial reporting during the third quarter of 2026, which were identified in connection with management's evaluation required by paragraph (d) of Rules 13a-15 and 15d-15 under the Exchange Act, that have materially affected, or are reasonably likely to materially affect, the Company's internal control over financial reporting.",
      "text": "There were no changes in the Company's internal control over financial reporting during the third quarter of 2026, which were identified in connection with management's evaluation required by paragraph (d) of Rules 13a-15 and 15d-15 under the Exchange Act, that have materially affected, or are reasonably likely to materially affect, the Company's internal control over financial reporting."
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      "orig": "Apple Inc. | Q3 2026 Form 10-Q | 19",
      "text": "Apple Inc. | Q3 2026 Form 10-Q | 19"
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      "orig": "PART II - OTHER INFORMATION",
      "text": "PART II - OTHER INFORMATION",
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      "orig": "Item 1.    Legal Proceedings",
      "text": "Item 1.    Legal Proceedings",
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      "orig": "Digital Markets Act Investigations",
      "text": "Digital Markets Act Investigations",
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      "orig": "On March 25, 2024, the European Commission ('Commission') announced that it had opened a formal noncompliance investigation against the Company under Article 5(4) of the EU Digital Markets Act ('DMA') ('Article 5(4) Investigation'). The Article 5(4) Investigation relates to how developers may communicate and promote offers to end users for apps distributed through the App Store , as well as how developers may conclude contracts with those end users. On June 24, 2024, the Commission announced that it had opened an additional formal investigation against the Company regarding whether the Company's new contractual requirements for third-party app developers and app marketplaces may violate the DMA ('Article 6(4) Investigation'). On April 23, 2025, the Commission fined the Company \u20ac500 million in the Article 5(4) Investigation and issued a cease and desist order requiring the Company to remove technical and commercial restrictions that prevent developers from steering users to alternative distribution channels outside the App Store. The Company has appealed the Commission's Article  5(4)  decision. Also  on April  23,  2025,  the  Commission  issued  preliminary  findings  in  the Article  6(4)  Investigation.  If  the  Commission  makes  a  final determination in the Article 6(4) Investigation that there has been a violation, it can issue a cease and desist order and may impose fines up to 10% of the Company's annual worldwide net sales. The Commission may also seek to impose additional fines if it deems that the Company has violated a cease and desist order. 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 the Commission. \u00ae",
      "text": "On March 25, 2024, the European Commission ('Commission') announced that it had opened a formal noncompliance investigation against the Company under Article 5(4) of the EU Digital Markets Act ('DMA') ('Article 5(4) Investigation'). The Article 5(4) Investigation relates to how developers may communicate and promote offers to end users for apps distributed through the App Store , as well as how developers may conclude contracts with those end users. On June 24, 2024, the Commission announced that it had opened an additional formal investigation against the Company regarding whether the Company's new contractual requirements for third-party app developers and app marketplaces may violate the DMA ('Article 6(4) Investigation'). On April 23, 2025, the Commission fined the Company \u20ac500 million in the Article 5(4) Investigation and issued a cease and desist order requiring the Company to remove technical and commercial restrictions that prevent developers from steering users to alternative distribution channels outside the App Store. The Company has appealed the Commission's Article  5(4)  decision. Also  on April  23,  2025,  the  Commission  issued  preliminary  findings  in  the Article  6(4)  Investigation.  If  the  Commission  makes  a  final determination in the Article 6(4) Investigation that there has been a violation, it can issue a cease and desist order and may impose fines up to 10% of the Company's annual worldwide net sales. The Commission may also seek to impose additional fines if it deems that the Company has violated a cease and desist order. 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 the Commission. \u00ae"
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      "orig": "Department of Justice Lawsuit",
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      "orig": "On March 21, 2024, the U.S. Department of Justice ('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 monopolization 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 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.",
      "text": "On March 21, 2024, the U.S. Department of Justice ('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 monopolization 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 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."
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      "orig": "Epic Games",
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      "orig": "Epic Games, Inc. filed a lawsuit in the U.S. District Court for the Northern District of California ('California District Court') against the Company alleging violations of federal and state antitrust laws and California's unfair competition law based upon the Company's operation of its App Store. The California District Court found that certain provisions of the Company's App Review Guidelines violate California's unfair competition law and issued an injunction (the '2021 Injunction') enjoining the Company from prohibiting developers from including in their apps buttons, external links, or other calls to action that direct customers to purchasing mechanisms other than the Company's in-app purchase system. On April 30, 2025, the California District Court found the Company to be in violation of the 2021 Injunction and enjoined the Company from imposing any commission or any fee on purchases that consumers make outside an app; restricting, conditioning, limiting, or prohibiting how developers guide consumers to purchases outside an app; or otherwise interfering with a consumer's choice to proceed in or out of an app (the '2025 Injunction'). The Company appealed the California District Court's April 2025 decision to the U.S. Court of Appeals for the Ninth Circuit ('Ninth Circuit Court'). On December 11, 2025, the Ninth Circuit Court issued an order upholding the 2025 Injunction in part and modifying certain aspects to allow the Company to require parity in size, form and placement between the Company's in-app purchase and any links for consumers to make purchases outside an app. The Ninth Circuit Court also held that the Company can charge some commission on link-out purchases, and remanded to the California District Court to further amend or modify the 2025 Injunction, consistent with the Ninth Circuit Court's order. On May 21, 2026, the Company filed a petition seeking Supreme Court review of the Ninth Circuit Court's opinion. On June 30, 2026, the Supreme Court granted the Company's petition to review the applicable legal standard for civil contempt. The Company is seeking a stay of the California District Court proceedings pending the Supreme Court's decision on the question under review.",
      "text": "Epic Games, Inc. filed a lawsuit in the U.S. District Court for the Northern District of California ('California District Court') against the Company alleging violations of federal and state antitrust laws and California's unfair competition law based upon the Company's operation of its App Store. The California District Court found that certain provisions of the Company's App Review Guidelines violate California's unfair competition law and issued an injunction (the '2021 Injunction') enjoining the Company from prohibiting developers from including in their apps buttons, external links, or other calls to action that direct customers to purchasing mechanisms other than the Company's in-app purchase system. On April 30, 2025, the California District Court found the Company to be in violation of the 2021 Injunction and enjoined the Company from imposing any commission or any fee on purchases that consumers make outside an app; restricting, conditioning, limiting, or prohibiting how developers guide consumers to purchases outside an app; or otherwise interfering with a consumer's choice to proceed in or out of an app (the '2025 Injunction'). The Company appealed the California District Court's April 2025 decision to the U.S. Court of Appeals for the Ninth Circuit ('Ninth Circuit Court'). On December 11, 2025, the Ninth Circuit Court issued an order upholding the 2025 Injunction in part and modifying certain aspects to allow the Company to require parity in size, form and placement between the Company's in-app purchase and any links for consumers to make purchases outside an app. The Ninth Circuit Court also held that the Company can charge some commission on link-out purchases, and remanded to the California District Court to further amend or modify the 2025 Injunction, consistent with the Ninth Circuit Court's order. On May 21, 2026, the Company filed a petition seeking Supreme Court review of the Ninth Circuit Court's opinion. On June 30, 2026, the Supreme Court granted the Company's petition to review the applicable legal standard for civil contempt. The Company is seeking a stay of the California District Court proceedings pending the Supreme Court's decision on the question under review."
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      "orig": "Other Legal Proceedings",
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      "orig": "The Company is subject to other legal proceedings and claims that have not been fully resolved and that have arisen in the ordinary course of business. The Company settled certain matters during the third quarter of 2026 that did not individually or in the aggregate have a material impact on the Company's financial condition or operating results. The outcome of litigation is inherently uncertain. If one or more legal matters were resolved against the Company in a reporting period for  amounts above management's expectations, the Company's financial condition and operating results for that reporting period could be materially adversely affected.",
      "text": "The Company is subject to other legal proceedings and claims that have not been fully resolved and that have arisen in the ordinary course of business. The Company settled certain matters during the third quarter of 2026 that did not individually or in the aggregate have a material impact on the Company's financial condition or operating results. The outcome of litigation is inherently uncertain. If one or more legal matters were resolved against the Company in a reporting period for  amounts above management's expectations, the Company's financial condition and operating results for that reporting period could be materially adversely affected."
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      "orig": "Apple Inc. | Q3 2026 Form 10-Q | 20",
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      "orig": "Item 1A.    Risk Factors",
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      "orig": "The Company's business, reputation, results of operations, financial condition and stock price can be materially and adversely affected by a number of factors, whether currently known or unknown, including those described in Part I, Item 1A of the 2025 Form 10-K and Part II, Item 1A of the Form 10-Q for the quarter ended March 28, 2026 (the 'second quarter 2026 Form 10-Q'), in each case under the heading 'Risk Factors.' Except for the risk factors set forth below and those disclosed in Part II, Item 1A of the second quarter 2026 Form 10-Q, which are incorporated by reference herein, there have been no material changes to the Company's risk factors since the 2025 Form 10-K.",
      "text": "The Company's business, reputation, results of operations, financial condition and stock price can be materially and adversely affected by a number of factors, whether currently known or unknown, including those described in Part I, Item 1A of the 2025 Form 10-K and Part II, Item 1A of the Form 10-Q for the quarter ended March 28, 2026 (the 'second quarter 2026 Form 10-Q'), in each case under the heading 'Risk Factors.' Except for the risk factors set forth below and those disclosed in Part II, Item 1A of the second quarter 2026 Form 10-Q, which are incorporated by reference herein, there have been no material changes to the Company's risk factors since the 2025 Form 10-K."
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      "orig": "Future  operating  results  depend  upon  the  Company's  ability  to  obtain  components  and  computing  resources  in  sufficient  quantities  and  on commercially reasonable terms.",
      "text": "Future  operating  results  depend  upon  the  Company's  ability  to  obtain  components  and  computing  resources  in  sufficient  quantities  and  on commercially reasonable terms.",
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      "orig": "The Company currently obtains certain components from single or limited sources, which exposes it to significant supply and pricing risks. In addition, many components,  including  those  that  are  available  from  multiple  sources,  are  at  times  subject  to  industry-wide  shortages  and  significant  commodity  pricing fluctuations that can materially adversely affect the Company's business, results of operations, financial condition and stock price. For example, the Company is experiencing a period of supply constraints and increasing costs for components driven by factors such as industry supply-demand imbalances for components, including  advanced  semiconductors,  storage  (NAND)  and  memory  (DRAM),  which  adversely  affects  the  Company's  ability  to  obtain  sufficient  quantities  of components and products on commercially reasonable terms, or at all. The Company expects these trends to intensify, which may materially adversely impact the Company's revenue, costs, gross margin, results of operations and financial condition. Actions, such as price increases, that have been and may in the future be taken by the Company may not effectively mitigate these negative impacts, and may also reduce demand for the Company's products and materially adversely affect the Company's revenue, costs, gross margin, results of operations and financial condition.",
      "text": "The Company currently obtains certain components from single or limited sources, which exposes it to significant supply and pricing risks. In addition, many components,  including  those  that  are  available  from  multiple  sources,  are  at  times  subject  to  industry-wide  shortages  and  significant  commodity  pricing fluctuations that can materially adversely affect the Company's business, results of operations, financial condition and stock price. For example, the Company is experiencing a period of supply constraints and increasing costs for components driven by factors such as industry supply-demand imbalances for components, including  advanced  semiconductors,  storage  (NAND)  and  memory  (DRAM),  which  adversely  affects  the  Company's  ability  to  obtain  sufficient  quantities  of components and products on commercially reasonable terms, or at all. The Company expects these trends to intensify, which may materially adversely impact the Company's revenue, costs, gross margin, results of operations and financial condition. Actions, such as price increases, that have been and may in the future be taken by the Company may not effectively mitigate these negative impacts, and may also reduce demand for the Company's products and materially adversely affect the Company's revenue, costs, gross margin, results of operations and financial condition."
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      "orig": "Additionally,  the  Company's  new  products  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 Company may not be able to extend or renew agreements for the supply of components on similar terms, or at all, and may not be successful in obtaining sufficient quantities from its suppliers in a timely manner, or in identifying and obtaining sufficient quantities from an alternative source. In addition, component suppliers may fail, be subject to consolidation within a particular industry, or decide to concentrate on the production of common components instead of components customized to meet the Company's requirements, further limiting the Company's ability to obtain sufficient quantities of components on commercially reasonable terms, or at all.",
      "text": "Additionally,  the  Company's  new  products  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 Company may not be able to extend or renew agreements for the supply of components on similar terms, or at all, and may not be successful in obtaining sufficient quantities from its suppliers in a timely manner, or in identifying and obtaining sufficient quantities from an alternative source. In addition, component suppliers may fail, be subject to consolidation within a particular industry, or decide to concentrate on the production of common components instead of components customized to meet the Company's requirements, further limiting the Company's ability to obtain sufficient quantities of components on commercially reasonable terms, or at all."
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      "orig": "The Company's business, including its artificial intelligence and machine learning offerings, also depends on access to sufficient computing resources. Demand for cloud computing and artificial intelligence infrastructure has increased substantially across the technology industry, resulting in constrained supply, extended lead  times,  and  increasing  costs.  In  addition  to  its  own  data  center  infrastructure,  the  Company  relies  on  third-party  cloud  service  providers  to  meet  these compute needs, and the Company may be unable to secure sufficient capacity on commercially reasonable terms, or at all, to meet customer demand. If the Company is unable to obtain adequate compute capacity in a timely manner or at commercially reasonable rates, this can limit the functionality and availability of its products and services, delay the deployment of new features or offerings, or cause the Company to incur significantly higher costs to operate its business, any  of  which  could  materially  adversely  affect  the  Company's  revenue,  costs,  gross  margin,  results  of  operations,  and  financial  condition.  In  addition,  the Company may over- or under-estimate requirements, either of which could result in higher-than-expected costs for the Company or an inability to fully satisfy customer demand. Therefore, the Company remains subject to significant risks of supply shortages and price increases that can materially adversely affect its business, results of operations, financial condition and stock price.",
      "text": "The Company's business, including its artificial intelligence and machine learning offerings, also depends on access to sufficient computing resources. Demand for cloud computing and artificial intelligence infrastructure has increased substantially across the technology industry, resulting in constrained supply, extended lead  times,  and  increasing  costs.  In  addition  to  its  own  data  center  infrastructure,  the  Company  relies  on  third-party  cloud  service  providers  to  meet  these compute needs, and the Company may be unable to secure sufficient capacity on commercially reasonable terms, or at all, to meet customer demand. If the Company is unable to obtain adequate compute capacity in a timely manner or at commercially reasonable rates, this can limit the functionality and availability of its products and services, delay the deployment of new features or offerings, or cause the Company to incur significantly higher costs to operate its business, any  of  which  could  materially  adversely  affect  the  Company's  revenue,  costs,  gross  margin,  results  of  operations,  and  financial  condition.  In  addition,  the Company may over- or under-estimate requirements, either of which could result in higher-than-expected costs for the Company or an inability to fully satisfy customer demand. Therefore, the Company remains subject to significant risks of supply shortages and price increases that can materially adversely affect its business, results of operations, financial condition and stock price."
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      "orig": "The Company's future performance depends in part on support from third-party software developers.",
      "text": "The Company's future performance depends in part on support from third-party software developers.",
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      "orig": "The Company believes decisions by customers to purchase its hardware products depend in part on the availability of third-party software applications and services. Third-party developers may discontinue the development and maintenance of software applications and services for the Company's products. If thirdparty software applications and services cease to be developed and maintained for the Company's products, customers may choose not to buy the Company's products, materially adversely impacting the Company's business, results of operations, financial condition and stock price.",
      "text": "The Company believes decisions by customers to purchase its hardware products depend in part on the availability of third-party software applications and services. Third-party developers may discontinue the development and maintenance of software applications and services for the Company's products. If thirdparty software applications and services cease to be developed and maintained for the Company's products, customers may choose not to buy the Company's products, materially adversely impacting the Company's business, results of operations, financial condition and stock price."
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      "orig": "The Company believes that third-party developer support depends on the perceived benefits of creating software and services for the Company's products compared to competitors' platforms, such as Android for smartphones and tablets, Windows for personal computers and tablets, and PlayStation, Nintendo and Xbox for gaming platforms. This analysis may be based on factors such as the market position of the Company and its products, the anticipated revenue that may be generated, expected future growth of product sales, and the costs of developing such applications and services.",
      "text": "The Company believes that third-party developer support depends on the perceived benefits of creating software and services for the Company's products compared to competitors' platforms, such as Android for smartphones and tablets, Windows for personal computers and tablets, and PlayStation, Nintendo and Xbox for gaming platforms. This analysis may be based on factors such as the market position of the Company and its products, the anticipated revenue that may be generated, expected future growth of product sales, and the costs of developing such applications and services."
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      "text": "The Company's minority market share in the global smartphone, personal computer, tablet and wearables markets can make developers less inclined to develop or upgrade software for the Company's products and more inclined to devote their resources to developing and upgrading software for competitors' products with larger market share. When developers focus their efforts on these competing platforms, the availability and quality of applications for the Company's devices can suffer."
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      "text": "The Company relies on the continued availability and development of compelling and innovative software applications for its products. The Company's products and operating systems are subject to rapid technological change, and when third-party developers are unable to or choose not to keep up with this pace of change, their applications can fail to take advantage of these changes to deliver improved customer experiences, can operate incorrectly, and can result in dissatisfied customers and lower customer demand for the Company's products."
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      "text": "The Company distributes third-party applications through the App Store. Where applicable, the Company may retain a commission from sales of applications and sales of digital services or goods initiated within an application. If third-party developers use alternative methods of distribution and payment for their apps and digital content, including direct-to-consumer distribution models, the Company may earn a lower commission on such sales, or may not earn a commission at all, which can materially adversely affect the Company's revenue, gross margin, results of operations, financial condition and stock price."
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      "orig": "The technology industry, including, in some instances, the Company, is subject to intense media, political and regulatory scrutiny, which exposes the Company to increasing regulation, government investigations, legal actions and penalties.",
      "text": "The technology industry, including, in some instances, the Company, is subject to intense media, political and regulatory scrutiny, which exposes the Company to increasing regulation, government investigations, legal actions and penalties.",
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      "orig": "From time to time, the Company has made changes to its business, including actions taken in response to litigation, competition, market conditions and legal and regulatory requirements. The Company expects to make further business changes in the future. For example, in the U.S., the Company has implemented changes to how developers communicate with consumers within apps on the U.S. storefront of the iOS and iPadOS App Store regarding alternative purchasing mechanisms. The Company is also currently subject to a court order in the U.S. preventing it from imposing any commission or fee on certain purchases that consumers make. The Ninth Circuit Court has instructed the California District Court to further amend or modify its injunction to allow the Company to charge a commission.  If  the  Company  is  ultimately  unsuccessful  in  defending  its  commission  structure  or  if  similar  restrictions  are  imposed  or  expanded  in  other jurisdictions, and as a result the Company's commission is narrowed or eliminated, the Company's business, results of operations, and financial condition could be materially and adversely affected.",
      "text": "From time to time, the Company has made changes to its business, including actions taken in response to litigation, competition, market conditions and legal and regulatory requirements. The Company expects to make further business changes in the future. For example, in the U.S., the Company has implemented changes to how developers communicate with consumers within apps on the U.S. storefront of the iOS and iPadOS App Store regarding alternative purchasing mechanisms. The Company is also currently subject to a court order in the U.S. preventing it from imposing any commission or fee on certain purchases that consumers make. The Ninth Circuit Court has instructed the California District Court to further amend or modify its injunction to allow the Company to charge a commission.  If  the  Company  is  ultimately  unsuccessful  in  defending  its  commission  structure  or  if  similar  restrictions  are  imposed  or  expanded  in  other jurisdictions, and as a result the Company's commission is narrowed or eliminated, the Company's business, results of operations, and financial condition could be materially and adversely affected."
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      "orig": "Globally,  several  jurisdictions  have  adopted,  or  may  in  the  future  adopt,  competition-related  laws  and  regulations  imposing  wide-ranging  obligations  on technology companies and significant limitations on businesses, including the Company. For example, the Company has implemented changes to iOS, iPadOS, the App Store and Safari in the EU as it seeks to comply with the DMA, including new business terms and alternative fee structures for iOS and iPadOS apps, alternative methods of distribution for iOS and iPadOS apps, alternative payment processing for apps across the Company's operating systems, and additional tools  and  application  programming interfaces for developers. In addition, the DMA imposes interoperability obligations on the Company requiring it to make certain of its technologies and features available to third-party products and services for free, which increases security and privacy risks, requires significant engineering resources, and can adversely affect the functionality, competitiveness, and user experience of the Company's products. Interoperability and other requirements have in the past, and may in the future, cause the Company to not launch or maintain products, services and features, such as Siri AI, in certain jurisdictions. Any of these outcomes can have a negative impact on the Company's competitive advantage and materially adversely affect its business, results of operations, financial condition and stock price. \u00ae",
      "text": "Globally,  several  jurisdictions  have  adopted,  or  may  in  the  future  adopt,  competition-related  laws  and  regulations  imposing  wide-ranging  obligations  on technology companies and significant limitations on businesses, including the Company. For example, the Company has implemented changes to iOS, iPadOS, the App Store and Safari in the EU as it seeks to comply with the DMA, including new business terms and alternative fee structures for iOS and iPadOS apps, alternative methods of distribution for iOS and iPadOS apps, alternative payment processing for apps across the Company's operating systems, and additional tools  and  application  programming interfaces for developers. In addition, the DMA imposes interoperability obligations on the Company requiring it to make certain of its technologies and features available to third-party products and services for free, which increases security and privacy risks, requires significant engineering resources, and can adversely affect the functionality, competitiveness, and user experience of the Company's products. Interoperability and other requirements have in the past, and may in the future, cause the Company to not launch or maintain products, services and features, such as Siri AI, in certain jurisdictions. Any of these outcomes can have a negative impact on the Company's competitive advantage and materially adversely affect its business, results of operations, financial condition and stock price. \u00ae"
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      "orig": "The Company has also continued to make changes to its DMA compliance plan in response to feedback and engagement with the Commission. Although the Company's DMA compliance plan is intended to address the DMA's obligations, it has been challenged by the Commission and may be challenged further by private litigants. The DMA provides for significant fines and penalties for noncompliance. While the changes introduced by the Company in the EU are intended to reduce new privacy and security risks that the DMA poses to EU users, many risks will remain. Changes to the Company's business in response to the DMA or other laws and regulations in the EU or in other jurisdictions, including the U.S., could materially adversely affect the Company's business, reputation, results of operations, financial condition and stock price.",
      "text": "The Company has also continued to make changes to its DMA compliance plan in response to feedback and engagement with the Commission. Although the Company's DMA compliance plan is intended to address the DMA's obligations, it has been challenged by the Commission and may be challenged further by private litigants. The DMA provides for significant fines and penalties for noncompliance. While the changes introduced by the Company in the EU are intended to reduce new privacy and security risks that the DMA poses to EU users, many risks will remain. Changes to the Company's business in response to the DMA or other laws and regulations in the EU or in other jurisdictions, including the U.S., could materially adversely affect the Company's business, reputation, results of operations, financial condition and stock price."
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      "orig": "The Company is also currently subject to antitrust investigations and litigation in various jurisdictions around the world, which can result in legal proceedings and claims against the Company that could, individually or in the aggregate, have a material adverse impact on the Company's business, results of operations, financial  condition  and  stock  price.  For  example,  the  Company  is  subject  to  civil  antitrust  lawsuits  in  the  U.S.  alleging  monopolization  or  attempted monopolization in the markets for 'performance smartphones' and 'smartphones' generally in violation of U.S. antitrust laws. In addition, the Company is the subject of investigations in Europe and other jurisdictions relating to App Store terms and conditions. If such investigations or litigation are resolved against the Company, the Company can be exposed to significant fines and may be required to make further changes to its business practices, all of which could materially adversely affect the Company's business, reputation, results of operations, financial condition and stock price.",
      "text": "The Company is also currently subject to antitrust investigations and litigation in various jurisdictions around the world, which can result in legal proceedings and claims against the Company that could, individually or in the aggregate, have a material adverse impact on the Company's business, results of operations, financial  condition  and  stock  price.  For  example,  the  Company  is  subject  to  civil  antitrust  lawsuits  in  the  U.S.  alleging  monopolization  or  attempted monopolization in the markets for 'performance smartphones' and 'smartphones' generally in violation of U.S. antitrust laws. In addition, the Company is the subject of investigations in Europe and other jurisdictions relating to App Store terms and conditions. If such investigations or litigation are resolved against the Company, the Company can be exposed to significant fines and may be required to make further changes to its business practices, all of which could materially adversely affect the Company's business, reputation, results of operations, financial condition and stock price."
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      "orig": "Apple Inc. | Q3 2026 Form 10-Q | 22",
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      "orig": "Further,  the  Company  has  commercial  relationships  with  other  companies  in  the  technology  industry  that  are  or  may  become  subject  to  investigations  and litigation that, if resolved against those other companies, could materially adversely affect the Company's commercial relationships with those business partners and materially adversely affect the Company's business, results of operations, financial condition and stock price. For example, the Company earns revenue from licensing arrangements with Google LLC ('Google') and other companies to offer their search services on the Company's platforms and applications, and certain of these arrangements are currently subject to government investigations and legal proceedings. On August 5, 2024, Google was found to have violated U.S. antitrust laws. In connection with this finding, on September 2, 2025, the U.S. District Court for the District of Columbia ('D.C. District Court') ordered certain remedies. The court's order is subject to further proceedings before the D.C. District Court, which may result in changes to the interpretation or application of the remedies ordered by the court, as well as new or changed remedies being ordered. The court's order was appealed by both the DOJ and Google. A reversal of the order on appeal could result in imposition of certain remedies initially proposed by the DOJ, such as those prohibiting Google from offering the Company commercial terms for search distribution. If implemented, these remedies could materially adversely affect the Company's ability to earn revenue from such licensing arrangements.",
      "text": "Further,  the  Company  has  commercial  relationships  with  other  companies  in  the  technology  industry  that  are  or  may  become  subject  to  investigations  and litigation that, if resolved against those other companies, could materially adversely affect the Company's commercial relationships with those business partners and materially adversely affect the Company's business, results of operations, financial condition and stock price. For example, the Company earns revenue from licensing arrangements with Google LLC ('Google') and other companies to offer their search services on the Company's platforms and applications, and certain of these arrangements are currently subject to government investigations and legal proceedings. On August 5, 2024, Google was found to have violated U.S. antitrust laws. In connection with this finding, on September 2, 2025, the U.S. District Court for the District of Columbia ('D.C. District Court') ordered certain remedies. The court's order is subject to further proceedings before the D.C. District Court, which may result in changes to the interpretation or application of the remedies ordered by the court, as well as new or changed remedies being ordered. The court's order was appealed by both the DOJ and Google. A reversal of the order on appeal could result in imposition of certain remedies initially proposed by the DOJ, such as those prohibiting Google from offering the Company commercial terms for search distribution. If implemented, these remedies could materially adversely affect the Company's ability to earn revenue from such licensing arrangements."
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      "orig": "The Company's business, results of operations, financial condition and stock price can be materially adversely affected, individually or in the aggregate, by the outcomes of such investigations, litigation or changes to laws and regulations in the future. Changes to the Company's business practices to comply with new laws and regulations or in connection with legal proceedings can negatively impact the reputation of the Company's products for privacy and security. Such changes in business practices can also otherwise adversely affect the experience for users of the Company's products and services, and result in harm to the Company's reputation, loss of competitive advantage, poor market acceptance, reduced demand for products and services, lost sales, and lower profit margins.",
      "text": "The Company's business, results of operations, financial condition and stock price can be materially adversely affected, individually or in the aggregate, by the outcomes of such investigations, litigation or changes to laws and regulations in the future. Changes to the Company's business practices to comply with new laws and regulations or in connection with legal proceedings can negatively impact the reputation of the Company's products for privacy and security. Such changes in business practices can also otherwise adversely affect the experience for users of the Company's products and services, and result in harm to the Company's reputation, loss of competitive advantage, poor market acceptance, reduced demand for products and services, lost sales, and lower profit margins."
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      "orig": "The Company's business is subject to a variety of U.S. and international laws, rules, policies and other obligations regarding the collection, use, protection and transfer of personal data.",
      "text": "The Company's business is subject to a variety of U.S. and international laws, rules, policies and other obligations regarding the collection, use, protection and transfer of personal data.",
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      "orig": "The Company is subject to an increasing number of federal, state and international laws relating to the collection, use, retention, protection and transfer of various  types  of  personal  data.  In  many  cases,  these  laws  apply  not  only  to  third-party  transactions,  but  also  restrict  transfers  of  personal  data  among  the Company and its international subsidiaries. Several jurisdictions have passed laws in this area, and additional jurisdictions are considering imposing additional restrictions  or  have  laws  that  are  pending.  For  example,  China  has  regulatory  requirements  relating  to  data  processing  and  localization  that  govern  the Company's ability to collect, use, and transfer data in China, and could limit the Company's ability to transfer data outside of China. These laws continue to develop and may be inconsistent from jurisdiction to jurisdiction. Complying with emerging and changing requirements causes the Company to incur substantial costs and has required and may in the future require the Company to change its business practices, including changes to the design of the Company's products and services and limiting the Company's ability to offer a product, service or feature to customers. Such changes in business practices can also otherwise adversely  affect  the  experience  for  users  of  the  Company's  products  and  services,  and  result  in  harm  to  the  Company's  reputation,  loss  of  competitive advantage,  poor  market  acceptance,  reduced  demand  for  products  and  services,  lower  revenue,  and  lower  profit  margins.  Noncompliance  could  result  in suspension or revocation of business licenses, significant penalties and legal liability.",
      "text": "The Company is subject to an increasing number of federal, state and international laws relating to the collection, use, retention, protection and transfer of various  types  of  personal  data.  In  many  cases,  these  laws  apply  not  only  to  third-party  transactions,  but  also  restrict  transfers  of  personal  data  among  the Company and its international subsidiaries. Several jurisdictions have passed laws in this area, and additional jurisdictions are considering imposing additional restrictions  or  have  laws  that  are  pending.  For  example,  China  has  regulatory  requirements  relating  to  data  processing  and  localization  that  govern  the Company's ability to collect, use, and transfer data in China, and could limit the Company's ability to transfer data outside of China. These laws continue to develop and may be inconsistent from jurisdiction to jurisdiction. Complying with emerging and changing requirements causes the Company to incur substantial costs and has required and may in the future require the Company to change its business practices, including changes to the design of the Company's products and services and limiting the Company's ability to offer a product, service or feature to customers. Such changes in business practices can also otherwise adversely  affect  the  experience  for  users  of  the  Company's  products  and  services,  and  result  in  harm  to  the  Company's  reputation,  loss  of  competitive advantage,  poor  market  acceptance,  reduced  demand  for  products  and  services,  lower  revenue,  and  lower  profit  margins.  Noncompliance  could  result  in suspension or revocation of business licenses, significant penalties and legal liability."
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      "orig": "The Company makes statements about its use and disclosure of personal data through its privacy policy, information provided on its website, press statements and other privacy notices provided to customers. Any failure or perceived failure by the Company to comply with these public statements or with federal, state or international privacy or data protection laws and regulations could result in inquiries, proceedings and penalties from governmental entities or others. Such a failure or perceived failure could also result in reputational impacts, ongoing audit requirements and significant legal liability. The risks of inadvertent disclosure of personal data can increase with the introduction of new and complex technologies, such as artificial intelligence features, further exacerbating such risks.",
      "text": "The Company makes statements about its use and disclosure of personal data through its privacy policy, information provided on its website, press statements and other privacy notices provided to customers. Any failure or perceived failure by the Company to comply with these public statements or with federal, state or international privacy or data protection laws and regulations could result in inquiries, proceedings and penalties from governmental entities or others. Such a failure or perceived failure could also result in reputational impacts, ongoing audit requirements and significant legal liability. The risks of inadvertent disclosure of personal data can increase with the introduction of new and complex technologies, such as artificial intelligence features, further exacerbating such risks."
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      "orig": "In  addition  to  the  risks  generally  relating  to  the  collection,  use,  retention,  protection  and  transfer  of  personal  data,  the  Company  is  also  subject  to  specific obligations relating to the collection and processing of data associated with minors, as well as information considered sensitive under applicable laws, such as health, biometric, financial and payment card data. Health, biometric, financial and payment card data are subject to additional privacy, security and breach notification requirements, and the Company is subject to audit by governmental authorities regarding the Company's compliance with these obligations. If the Company fails to adequately comply with these rules and requirements, the Company can be subject to litigation or government investigations, can be liable for associated investigatory expenses, and can incur significant fees or fines.",
      "text": "In  addition  to  the  risks  generally  relating  to  the  collection,  use,  retention,  protection  and  transfer  of  personal  data,  the  Company  is  also  subject  to  specific obligations relating to the collection and processing of data associated with minors, as well as information considered sensitive under applicable laws, such as health, biometric, financial and payment card data. Health, biometric, financial and payment card data are subject to additional privacy, security and breach notification requirements, and the Company is subject to audit by governmental authorities regarding the Company's compliance with these obligations. If the Company fails to adequately comply with these rules and requirements, the Company can be subject to litigation or government investigations, can be liable for associated investigatory expenses, and can incur significant fees or fines."
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      "orig": "The Company is also subject to new and changing laws, regulations and other legal obligations regarding online safety, including enhanced protections for minors and mandatory age verification requirements. These obligations can increase regulatory risks by requiring complex compliance measures and significant modifications to the Company's products, services and operations, and may lead to operational disruptions, heightened privacy and data security risks, and increased costs, all of which can have a material adverse impact on the Company's business, results of operations, financial condition and stock price. Failure to comply with such changing laws, regulations and other legal obligations can also result in significant penalties and fines, and legal liability.",
      "text": "The Company is also subject to new and changing laws, regulations and other legal obligations regarding online safety, including enhanced protections for minors and mandatory age verification requirements. These obligations can increase regulatory risks by requiring complex compliance measures and significant modifications to the Company's products, services and operations, and may lead to operational disruptions, heightened privacy and data security risks, and increased costs, all of which can have a material adverse impact on the Company's business, results of operations, financial condition and stock price. Failure to comply with such changing laws, regulations and other legal obligations can also result in significant penalties and fines, and legal liability."
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      "orig": "Apple Inc. | Q3 2026 Form 10-Q | 23",
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      "orig": "Item 2.    Unregistered Sales of Equity Securities and Use of Proceeds",
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      "orig": "Purchases of Equity Securities by the Issuer and Affiliated Purchasers",
      "text": "Purchases of Equity Securities by the Issuer and Affiliated Purchasers",
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      "orig": "Share repurchase activity during the three months ended June 27, 2026, was as follows (in millions, except number of shares, which are reflected in thousands, and per-share amounts):",
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      "orig": "Item 3.    Defaults Upon Senior Securities",
      "text": "Item 3.    Defaults Upon Senior Securities",
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      "orig": "None.",
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      "orig": "Item 4.    Mine Safety Disclosures",
      "text": "Item 4.    Mine Safety Disclosures",
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      "orig": "Not applicable.",
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      "orig": "Apple Inc. | Q3 2026 Form 10-Q | 24",
      "text": "Apple Inc. | Q3 2026 Form 10-Q | 24"
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      "orig": "Item 5.    Other Information",
      "text": "Item 5.    Other Information",
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      "orig": "Insider Trading Arrangements",
      "text": "Insider Trading Arrangements",
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      "orig": "On May 5, 2026, Jennifer Newstead, the Company's Senior Vice President and General Counsel, 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 up to 24,912 shares of common stock,  as  well  as  up  to  90%  of  shares  vesting  between  June  15,  2026  and  March  15,  2027,  pursuant  to  certain  equity  awards  granted  to  Ms.  Newstead, excluding any shares withheld by the Company to satisfy income tax withholding and remittance obligations. Ms. Newstead's plan will expire on May 6, 2027, subject to early termination in accordance with the terms of the plan.",
      "text": "On May 5, 2026, Jennifer Newstead, the Company's Senior Vice President and General Counsel, 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 up to 24,912 shares of common stock,  as  well  as  up  to  90%  of  shares  vesting  between  June  15,  2026  and  March  15,  2027,  pursuant  to  certain  equity  awards  granted  to  Ms.  Newstead, excluding any shares withheld by the Company to satisfy income tax withholding and remittance obligations. Ms. Newstead's plan will expire on May 6, 2027, subject to early termination in accordance with the terms of the plan."
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      "orig": "On May 28, 2026, Tim Cook, the Company's 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 up to 16,250 shares of common stock, as well as shares vesting during the duration of the plan pursuant to certain equity awards granted to Mr. Cook, excluding any shares withheld by the Company to satisfy income tax withholding and remittance obligations, and for the gifting of up to 37,104 shares. Mr. Cook's plan will expire on October 30, 2026, subject to early termination in accordance with the terms of the plan.",
      "text": "On May 28, 2026, Tim Cook, the Company's 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 up to 16,250 shares of common stock, as well as shares vesting during the duration of the plan pursuant to certain equity awards granted to Mr. Cook, excluding any shares withheld by the Company to satisfy income tax withholding and remittance obligations, and for the gifting of up to 37,104 shares. Mr. Cook's plan will expire on October 30, 2026, subject to early termination in accordance with the terms of the plan."
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      "orig": "Item 6.    Exhibits",
      "text": "Item 6.    Exhibits",
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      "orig": "Apple Inc. | Q3 2026 Form 10-Q | 25",
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      "orig": "SIGNATURE",
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      "orig": "Pursuant 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 duly authorized.",
      "text": "Pursuant 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 duly authorized."
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      "orig": "Date: July 31, 2026",
      "text": "Date: July 31, 2026"
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      "orig": "Apple Inc.",
      "text": "Apple Inc."
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      "orig": "Apple Inc. | Q3 2026 Form 10-Q | 26",
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      "orig": "Exhibit 31.1",
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      "orig": "I, Timothy D. Cook, certify that:",
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      "orig": "1. I have reviewed this quarterly report on Form 10-Q of Apple Inc.;",
      "text": "I have reviewed this quarterly report on Form 10-Q of Apple Inc.;",
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      "orig": "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 made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;",
      "text": "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 made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;",
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      "orig": "3. Based on my knowledge, the financial 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;",
      "text": "Based on my knowledge, the financial 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;",
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      "orig": "4. The Registrant's 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(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:",
      "text": "The Registrant's 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(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:",
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      "orig": "(a) Designed such disclosure controls and 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 report is being prepared;",
      "text": "(a) Designed such disclosure controls and 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 report is being prepared;",
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      "orig": "(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  for external purposes in accordance with generally accepted accounting principles;",
      "text": "(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  for external purposes in accordance with generally accepted accounting principles;",
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      "orig": "(c) Evaluated the effectiveness of the Registrant's 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",
      "text": "(c) Evaluated the effectiveness of the Registrant's 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",
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      "orig": "(d) Disclosed in this report any change in the Registrant's internal control over financial reporting that occurred during the Registrant's most recent fiscal  quarter  (the  Registrant's  fourth  fiscal  quarter  in  the  case  of  an  annual  report)  that  has  materially  affected,  or  is  reasonably  likely  to materially affect, the Registrant's internal control over financial reporting; and",
      "text": "(d) Disclosed in this report any change in the Registrant's internal control over financial reporting that occurred during the Registrant's most recent fiscal  quarter  (the  Registrant's  fourth  fiscal  quarter  in  the  case  of  an  annual  report)  that  has  materially  affected,  or  is  reasonably  likely  to materially affect, the Registrant's internal control over financial reporting; and",
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      "orig": "5. The Registrant's  other  certifying  officer(s)  and  I  have  disclosed,  based  on  our  most  recent  evaluation  of  internal  control  over  financial  reporting,  to  the Registrant's auditors and the audit committee of the Registrant's board of directors (or persons performing the equivalent functions):",
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      "orig": "(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 Registrant's ability to record, process, summarize and report financial information; and",
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      "orig": "(b) Any fraud,  whether  or  not  material,  that  involves  management  or  other  employees  who  have  a  significant  role  in  the  Registrant's  internal control over financial reporting.",
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      "orig": "Date: July 31, 2026",
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      "orig": "CERTIFICATION",
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      "orig": "/s/ Timothy D. Cook Timothy D. Cook Chief Executive Officer",
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      "orig": "I, Kevan Parekh, certify that:",
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      "orig": "1. I have reviewed this quarterly report on Form 10-Q of Apple Inc.;",
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      "orig": "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 made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;",
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      "orig": "3. Based on my knowledge, the financial 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;",
      "text": "Based on my knowledge, the financial 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;",
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      "orig": "4. The Registrant's 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(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:",
      "text": "The Registrant's 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(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:",
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      "orig": "(d) Disclosed in this report any change in the Registrant's internal control over financial reporting that occurred during the Registrant's most recent fiscal  quarter  (the  Registrant's  fourth  fiscal  quarter  in  the  case  of  an  annual  report)  that  has  materially  affected,  or  is  reasonably  likely  to materially affect, the Registrant's internal control over financial reporting; and",
      "text": "(d) Disclosed in this report any change in the Registrant's internal control over financial reporting that occurred during the Registrant's most recent fiscal  quarter  (the  Registrant's  fourth  fiscal  quarter  in  the  case  of  an  annual  report)  that  has  materially  affected,  or  is  reasonably  likely  to materially affect, the Registrant's internal control over financial reporting; and",
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      "orig": "5. The Registrant's  other  certifying  officer(s)  and  I  have  disclosed,  based  on  our  most  recent  evaluation  of  internal  control  over  financial  reporting,  to  the Registrant's auditors and the audit committee of the Registrant's board of directors (or persons performing the equivalent functions):",
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      "orig": "By: /s/ Kevan Parekh Kevan Parekh Senior Vice President, Chief Financial Officer",
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      "orig": "CERTIFICATIONS OF CHIEF EXECUTIVE OFFICER AND CHIEF FINANCIAL OFFICER PURSUANT TO",
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      "orig": "18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002",
      "text": "18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002",
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      "orig": "I, 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 period ended June 27, 2026 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 the periods indicated.",
      "text": "I, 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 period ended June 27, 2026 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 the periods indicated."
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      "orig": "Date: July 31, 2026",
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      "orig": "By: /s/ Timothy D. Cook Timothy D. Cook Chief Executive Officer",
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      "orig": "I, Kevan Parekh, 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  period  ended  June  27,  2026  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 the periods indicated.",
      "text": "I, Kevan Parekh, 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  period  ended  June  27,  2026  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 the periods indicated."
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      "orig": "Date: July 31, 2026",
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      "orig": "By: /s/ Kevan Parekh Kevan Parekh Senior Vice President,",
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      "orig": "Chief Financial Officer",
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      "orig": "A 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.",
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      "orig": "Securities registered pursuant to Section 12(b) of the Act:",
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      "orig": "TABLE OF CONTENTS",
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      "orig": "Form 10-Q For the Fiscal Quarter Ended June 27, 2026",
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      "orig": "Apple Inc.",
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      "orig": "CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited)",
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      "orig": "(In millions, except number of shares, which are reflected in thousands, and per-share amounts)",
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      "orig": "Apple Inc.",
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      "orig": "CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited)",
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      "orig": "(In millions)",
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      "orig": "Apple Inc.",
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      "orig": "CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited)",
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      "orig": "(In millions, except number of shares, which are reflected in thousands, and par value)",
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      "orig": "Apple Inc.",
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      "orig": "CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS\u2019 EQUITY (Unaudited)",
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      "orig": "(In millions, except per-share amounts)",
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      "orig": "Apple Inc.",
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      "orig": "CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)",
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      "orig": "(In millions)",
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      "orig": "Note 2 \u2013 Revenue",
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      "orig": "(in millions)",
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      "orig": "Note 3 \u2013 Earnings Per Share",
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      "orig": "(net income in millions and shares in thousands)",
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      "orig": "Cash, Cash Equivalents and Marketable Securities",
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      "orig": "June 27, 2026",
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      "orig": "(in millions)",
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      "orig": "(1) Level 2:",
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      "orig": "September 27, 2025",
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      "orig": "(1) The valuation techniques used to measure the fair values of the Company\u2019s Level 2 financial instruments, which generally have counterparties with high credit ratings, are based on quoted market prices or model-driven valuations using significant inputs derived from or corroborated by observable market data.",
      "text": "(1) The valuation techniques used to measure the fair values of the Company\u2019s Level 2 financial instruments, which generally have counterparties with high credit ratings, are based on quoted market prices or model-driven valuations using significant inputs derived from or corroborated by observable market data."
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      "orig": "Notional amounts of outstanding derivative instruments",
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      "orig": "(in millions)",
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      "orig": "Inventories",
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      "orig": "(in millions)",
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      "self_ref": "#/texts/357",
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      "orig": "Property, Plant and Equipment, Net",
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      "orig": "Intangible Assets, Net",
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      "orig": "Commercial Paper Cash Flows",
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      "orig": "(in millions)",
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      "self_ref": "#/texts/361",
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      "orig": "Note 8 \u2013 Share-Based Compensation / Restricted Stock Units",
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      "orig": "Share-Based Compensation",
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      "orig": "(in millions)",
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      "self_ref": "#/texts/364",
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      "orig": "Note 9 \u2013 Commitments and Contingencies",
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      "orig": "Unconditional Purchase Obligations",
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      "orig": "(in millions)",
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      "self_ref": "#/texts/367",
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      "orig": "Note 10 \u2013 Segment Information",
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      "orig": "Three Months Ended June 27, 2026",
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      "self_ref": "#/texts/369",
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      "orig": "(in millions)",
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      "self_ref": "#/texts/370",
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      "orig": "Three Months Ended June 28, 2025",
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      "orig": "Nine Months Ended June 27, 2026",
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      "orig": "Nine Months Ended June 28, 2025",
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      "orig": "Segment Operating Performance",
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      "self_ref": "#/texts/374",
      "parent": {
        "$ref": "#/body"
      },
      "children": [],
      "content_layer": "body",
      "label": "caption",
      "prov": [],
      "orig": "(dollars in millions)",
      "text": "(dollars in millions)"
    },
    {
      "self_ref": "#/texts/375",
      "parent": {
        "$ref": "#/body"
      },
      "children": [],
      "content_layer": "body",
      "label": "caption",
      "prov": [],
      "orig": "Products and Services Performance",
      "text": "Products and Services Performance"
    },
    {
      "self_ref": "#/texts/376",
      "parent": {
        "$ref": "#/body"
      },
      "children": [],
      "content_layer": "body",
      "label": "caption",
      "prov": [],
      "orig": "(dollars in millions)",
      "text": "(dollars in millions)"
    },
    {
      "self_ref": "#/texts/377",
      "parent": {
        "$ref": "#/body"
      },
      "children": [],
      "content_layer": "body",
      "label": "caption",
      "prov": [],
      "orig": "Gross Margin",
      "text": "Gross Margin"
    },
    {
      "self_ref": "#/texts/378",
      "parent": {
        "$ref": "#/body"
      },
      "children": [],
      "content_layer": "body",
      "label": "caption",
      "prov": [],
      "orig": "(dollars in millions)",
      "text": "(dollars in millions)"
    },
    {
      "self_ref": "#/texts/379",
      "parent": {
        "$ref": "#/body"
      },
      "children": [],
      "content_layer": "body",
      "label": "caption",
      "prov": [],
      "orig": "Operating Expenses",
      "text": "Operating Expenses"
    },
    {
      "self_ref": "#/texts/380",
      "parent": {
        "$ref": "#/body"
      },
      "children": [],
      "content_layer": "body",
      "label": "caption",
      "prov": [],
      "orig": "(dollars in millions)",
      "text": "(dollars in millions)"
    },
    {
      "self_ref": "#/texts/381",
      "parent": {
        "$ref": "#/body"
      },
      "children": [],
      "content_layer": "body",
      "label": "caption",
      "prov": [],
      "orig": "Provision for Income Taxes",
      "text": "Provision for Income Taxes"
    },
    {
      "self_ref": "#/texts/382",
      "parent": {
        "$ref": "#/body"
      },
      "children": [],
      "content_layer": "body",
      "label": "caption",
      "prov": [],
      "orig": "Provision for income taxes, effective tax rate and statutory federal income tax rate for the three- and nine-month periods ended June 27, 2026 and June 28, 2025, were as follows (dollars in millions):",
      "text": "Provision for income taxes, effective tax rate and statutory federal income tax rate for the three- and nine-month periods ended June 27, 2026 and June 28, 2025, were as follows (dollars in millions):"
    },
    {
      "self_ref": "#/texts/383",
      "parent": {
        "$ref": "#/body"
      },
      "children": [],
      "content_layer": "body",
      "label": "caption",
      "prov": [],
      "orig": "Item 2. Unregistered Sales of Equity Securities and Use of Proceeds",
      "text": "Item 2. Unregistered Sales of Equity Securities and Use of Proceeds"
    },
    {
      "self_ref": "#/texts/384",
      "parent": {
        "$ref": "#/body"
      },
      "children": [],
      "content_layer": "body",
      "label": "caption",
      "prov": [],
      "orig": "Purchases of Equity Securities by the Issuer and Affiliated Purchasers",
      "text": "Purchases of Equity Securities by the Issuer and Affiliated Purchasers"
    },
    {
      "self_ref": "#/texts/385",
      "parent": {
        "$ref": "#/body"
      },
      "children": [],
      "content_layer": "body",
      "label": "caption",
      "prov": [],
      "orig": "(in millions, except number of shares, which are reflected in thousands, and per-share amounts)",
      "text": "(in millions, except number of shares, which are reflected in thousands, and per-share amounts)"
    },
    {
      "self_ref": "#/texts/386",
      "parent": {
        "$ref": "#/body"
      },
      "children": [],
      "content_layer": "body",
      "label": "footnote",
      "prov": [],
      "orig": "1 On May 1, 2025, the Company announced a program to repurchase up to $100 billion of the Company\u2019s common stock. As of June 27, 2026, remaining availability under the May 2025 program was $38.0 billion. On April 30, 2026, the Company announced an additional program to repurchase up to $100 billion of the Company\u2019s common stock. The 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 Rule 10b5-1 under the Exchange Act.",
      "text": "1 On May 1, 2025, the Company announced a program to repurchase up to $100 billion of the Company\u2019s common stock. As of June 27, 2026, remaining availability under the May 2025 program was $38.0 billion. On April 30, 2026, the Company announced an additional program to repurchase up to $100 billion of the Company\u2019s common stock. The programs do not obligate the Company to acquire a minimum amount of shares. Under the programs, shares may be repurchased in privately negotiated or open market transactions, including under plans complying with Rule 10b5-1 under the Exchange Act."
    },
    {
      "self_ref": "#/texts/387",
      "parent": {
        "$ref": "#/body"
      },
      "children": [],
      "content_layer": "body",
      "label": "footnote",
      "prov": [],
      "orig": "2 In May 2026, the Company entered into new accelerated share repurchase agreements (\u201cASRs\u201d). Under the terms of the ASRs, financial institutions committed to deliver shares of the Company\u2019s common stock during the purchase periods in exchange for up-front payments totaling $10.0 billion. The total number of shares ultimately delivered under the ASRs, and therefore the average repurchase price paid per share, is determined based on the volume-weighted average price of the Company\u2019s common stock during the ASRs\u2019 purchase periods, which end in the fourth quarter of 2026.",
      "text": "2 In May 2026, the Company entered into new accelerated share repurchase agreements (\u201cASRs\u201d). Under the terms of the ASRs, financial institutions committed to deliver shares of the Company\u2019s common stock during the purchase periods in exchange for up-front payments totaling $10.0 billion. The total number of shares ultimately delivered under the ASRs, and therefore the average repurchase price paid per share, is determined based on the volume-weighted average price of the Company\u2019s common stock during the ASRs\u2019 purchase periods, which end in the fourth quarter of 2026."
    },
    {
      "self_ref": "#/texts/388",
      "parent": {
        "$ref": "#/body"
      },
      "children": [],
      "content_layer": "body",
      "label": "caption",
      "prov": [],
      "orig": "Item 6. Exhibits",
      "text": "Item 6. Exhibits"
    },
    {
      "self_ref": "#/texts/389",
      "parent": {
        "$ref": "#/body"
      },
      "children": [],
      "content_layer": "body",
      "label": "footnote",
      "prov": [],
      "orig": "* Filed herewith.",
      "text": "* Filed herewith."
    },
    {
      "self_ref": "#/texts/390",
      "parent": {
        "$ref": "#/body"
      },
      "children": [],
      "content_layer": "body",
      "label": "footnote",
      "prov": [],
      "orig": "** Furnished herewith.",
      "text": "** Furnished herewith."
    }
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I63t/fixYudnJzgP5hMJp1O9+TJk9GjRwcEBABAdXX1s2fPpkyZ8umnnxJCBgYGampq2tvbnZ2dfXx8CCEA8Pz5c41Go9PpGIaZMmWKUCj08fEBALPZXF9f//DhQycnJ4KI8GYYhhGLxWq1WiwWnz59Gv5DW1ubQCDQ6/WrVq3avXs3/EsQRIQ3YzAYRCLRhQsXlixZIpfLLSws4HVtbW3+/v43b95cuXLlvn374F+CICK8me7u7lWrVtXU1CxcuHDXrl0URcHrOjs7ZTLZzZs34+PjN23aBP8S/wdTQXQvCum4agAAAABJRU5ErkJggg=="
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      "annotations": [
        {
          "kind": "classification",
          "provenance": "DocumentPictureClassifier",
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