Apple annual report 2010. Apple Reports First Quarter Results 2019-01-13

Apple annual report 2010 Rating: 7,7/10 133 reviews

Apple's 2010 Annual Report: Hiring Spree, Ad Budget Increase, Lower Gross Margins Ahead

apple annual report 2010

The Company anticipates gross margin during the first quarter of 2017 to be between 38% and 38. Net sales consist primarily of revenue from the sale of hardware, software, digital content and applications, accessories, and service and support contracts. The supply of components for a new or existing product could be delayed or constrained, or a key manufacturing vendor could delay shipments of completed products to the Company. The Company is committed to bringing the best user experience to its customers through its innovative hardware, software and services. The Company is subject to taxes in the U. The Company classifies gross interest and penalties and unrecognized tax benefits that are not expected to result in payment or receipt of cash within one year as non-current liabilities in the Consolidated Balance Sheets.

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apple annual report 2010

The Company has entered into agreements for the supply of many components; however, there can be no guarantee that the Company will be able to extend or renew these agreements on similar terms, or at all. As of September 24, 2016 , approximately 386. In connection with this settlement, the Company recognized a tax benefit in the fourth quarter of 2016 that was not significant to its consolidated financial statements. The Company believes its existing balances of cash, cash equivalents and marketable securities will be sufficient to satisfy its working capital needs, capital asset purchases, outstanding commitments and other liquidity requirements associated with its existing operations over the next 12 months. The tax benefits recognized in the financial statements from such positions are then measured based on the largest benefit that has a greater than 50% likelihood of being realized upon settlement. These programs could require a substantial investment while providing no assurance of return or incremental revenue. Goodwill has been allocated to these reporting units to the extent it relates to each reporting unit.

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Apple Inc.

apple annual report 2010

Once the recovery amount is computed by Ireland, the Company anticipates funding it, including interest, out of foreign cash into escrow, pending conclusion of all appeals. The Company sells to consumers, small and mid-sized businesses and education, enterprise and government customers. The Company uses derivative instruments, such as foreign currency forward and option contracts, to hedge certain exposures to fluctuations in foreign currency exchange rates. The Company regularly reviews its investment portfolio to determine if any security is other-than-temporarily impaired, which would require the Company to record an impairment charge in the period any such determination is made. The Company records a tax provision for the anticipated tax consequences of its reported operating results. The Company recognizes revenue from the sale of hardware products, software bundled with hardware that is essential to the functionality of the hardware and third-party digital content sold on the iTunes Store in accordance with general revenue recognition accounting guidance. There can be no assurance the Company will be able to detect and fix all defects in the hardware, software and services it sells.

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Apple Inc. (AAPL) Income Statement

apple annual report 2010

The Company also has unsecured vendor non-trade receivables resulting from purchases of components by outsourcing partners and other vendors that manufacture sub-assemblies or assemble final products for the Company. International Trade Commission, as well as internationally in various countries. This is based on air and will make their value fall critically soon enough. In certain cases, the Company may consider the desirability of entering into licensing agreements, although no assurance can be given that such licenses can be obtained on acceptable terms or that litigation will not occur. Accordingly, any gains or losses related to this forward carry component are recognized in earnings in the current period. The Company has invested in internal capacity and strategic relationships with outside manufacturing vendors and continues to make investments in capital equipment as needed to meet anticipated demand for its products. Consistent with industry practice, the Company acquires components through a combination of purchase orders, supplier contracts, and open orders in each case based on projected demand.

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Apple's 2010 Annual Report: Hiring Spree, Ad Budget Increase, Lower Gross Margins Ahead

apple annual report 2010

In addition, the Company sells a variety of third-party Apple compatible products, including application software and various accessories through its retail and online stores. Principal competitive factors important to the Company include price, product features including security features , relative price and performance, product quality and reliability, design innovation, a strong third-party software and accessories ecosystem, marketing and distribution capability, service and support and corporate reputation. Deferred tax assets and liabilities reflect the effects of tax losses, credits and the future income tax effects of temporary differences between the consolidated financial statement carrying amounts of existing assets and liabilities and their respective tax bases and are measured using enacted tax rates that apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. These laws continue to develop and may be inconsistent from jurisdiction to jurisdiction. The accompanying consolidated financial statements include the accounts of the Company.

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Apple Reports First Quarter Results

apple annual report 2010

In certain jurisdictions, local law requires that manufacturers guarantee their products for a period prescribed by statute, typically at least two years. The Company sells its products to the education market through its direct sales force, select third-party resellers and its retail and online stores. Ireland has also announced its intention to appeal the State Aid Decision. Apple revolutionized personal technology with the introduction of the Macintosh in 1984. In major states and major foreign jurisdictions, the years subsequent to 2003 generally remain open and could be subject to examination by the taxing authorities. Although the Company believes the ownership of such patents, copyrights, trademarks and service marks is an important factor in its business and that its success does depend in part on such ownership, the Company relies primarily on the innovative skills, technical competence and marketing abilities of its personnel. Conversely, a strengthening of foreign currencies relative to the U.

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Apple's 2010 Annual Report: Hiring Spree, Ad Budget Increase, Lower Gross Margins Ahead

apple annual report 2010

There is a risk that the Company will have to adjust local currency product pricing due to competitive pressures when there has been significant volatility in foreign currency exchange rates. The Company has entered, and may enter in the future, into interest rate swaps to manage interest rate risk on its outstanding term debt. The Company recognizes revenue when persuasive evidence of an arrangement exists, delivery has occurred, the sales price is fixed or determinable and collection is probable. Basic earnings per share is computed by dividing income available to common shareholders by the weighted-average number of shares of common stock outstanding during the period. The Company also believes its stock price should reflect expectations that its cash dividend will continue at current levels or grow and that its current share repurchase program will be fully consummated. Noncompliance could result in significant penalties or legal liability. Inventories are stated at the lower of cost, computed using the first-in, first-out method and net realizable value.

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Appleā€™s Annual Report Kills Dividend Hopes (AAPL)

apple annual report 2010

Future market conditions and product transitions may require the Company to increase customer incentive programs that could result in reductions to future revenue. Securities and Exchange Commission within 120 days after the end of the fiscal year to which this report relates. While the Company has generally been able to obtain such licenses on commercially reasonable terms in the past, there is no guarantee that such licenses could be obtained in the future on reasonable terms or at all. The Company first determines whether it is more likely than not that a tax position will be sustained upon examination. The Company records deferred revenue upon the sale of the card, which is relieved upon redemption of the card by the customer. The Company anticipates that for the foreseeable future it will retain any earnings for use in the operation of its business. The Company also employs a variety of indirect distribution channels, such as third-party cellular network carriers, wholesalers, retailers and value-added resellers.


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apple annual report 2010

The Company has entered, and in the future may enter, into interest rate swaps to manage interest rate risk on the Notes. This determination of executive officers and directors as affiliates is not necessarily a conclusive determination for any other purposes. However, the Company maintains directors and officers liability insurance coverage to reduce its exposure to such obligations. The Company assumes no obligation to revise or update any forward-looking statements for any reason, except as required by law. Even so, the report notes that Apple's rapidly-growing revenues allowed the company to reduce its percentage of revenues spent on advertising from 1. The Company considers the declines in market value of its marketable securities investment portfolio to be temporary in nature.

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