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Apple Inc. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) (In millions, except number of shares, which are reflected in thousands, and per-share amounts)  Three Months Ended  Nine Months Ended  June 28, 2025  June 29, 2024  June 28, 2025  June 29, 2024 Net sales:           Products $ 66,613   $ 61,564   $ 233,287   $ 224,908     Services  27,423    24,213    80,408    71,197  Total net sales (1)  94,036    85,777    313,695    296,105  Cost of sales:           Products  43,620    39,803    147,097    140,667     Services  6,698    6,296    19,738    18,634  Total cost of sales  50,318    46,099    166,835    159,301  Gross margin  43,718    39,678    146,860    136,804          Operating expenses:        Research and development  8,866    8,006    25,684    23,605  Selling, general and administrative  6,650    6,320    20,553    19,574  Total operating expenses  15,516    14,326    46,237    43,179          Operating income  28,202    25,352    100,623    93,625  Other income/(expense), net  (171)   142    (698)   250  Income before provision for income taxes  28,031    25,494    99,925    93,875  Provision for income taxes  4,597    4,046    15,381    14,875  Net income $ 23,434   $ 21,448   $ 84,544   $ 79,000          Earnings per share:        Basic $ 1.57   $ 1.40   $ 5.64   $ 5.13  Diluted $ 1.57   $ 1.40   $ 5.62   $ 5.11  Shares used in computing earnings per share:        Basic  14,902,886    15,287,521    14,992,898    15,401,047  Diluted  14,948,179    15,348,175    15,051,726    15,463,175          (1) Net sales by reportable segment:        Americas $ 41,198   $ 37,678   $ 134,161   $ 125,381  Europe  24,014    21,884    82,329    76,404  Greater China  15,369    14,728    49,884    51,919  Japan  5,782    5,097    22,067    19,126  Rest of Asia Pacific  7,673    6,390    25,254    23,275  Total net sales $ 94,036   $ 85,777   $ 313,695   $ 296,105          (1) Net sales by category:        iPhone $ 44,582   $ 39,296   $ 160,561   $ 154,961  Mac  8,046    7,009    24,982    22,240  iPad  6,581    7,162    21,071    19,744  Wearables, Home and Accessories  7,404    8,097    26,673    27,963  Services  27,423    24,213    80,408    71,197  Total net sales $ 94,036   $ 85,777   $ 313,695   $ 296,105   

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Apple Inc. CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (In millions, except number of shares, which are reflected in thousands, and par value)   June 28, 2025  September 28, 2024 ASSETS: Current assets:    Cash and cash equivalents $ 36,269   $ 29,943  Marketable securities  19,103    35,228  Accounts receivable, net  27,557    33,410  Vendor non-trade receivables  19,278    32,833  Inventories  5,925    7,286  Other current assets  14,359    14,287  Total current assets  122,491    152,987      Non-current assets:    Marketable securities  77,614    91,479  Property, plant and equipment, net  48,508    45,680  Other non-current assets  82,882    74,834  Total non-current assets  209,004    211,993  Total assets $ 331,495   $ 364,980      LIABILITIES AND SHAREHOLDERS’ EQUITY: Current liabilities:    Accounts payable $ 50,374   $ 68,960  Other current liabilities  62,499    78,304  Deferred revenue  8,979    8,249  Commercial paper  9,923    9,967  Term debt  9,345    10,912  Total current liabilities  141,120    176,392      Non-current liabilities:    Term debt  82,430    85,750  Other non-current liabilities  42,115    45,888  Total non-current liabilities  124,545    131,638  Total liabilities  265,665    308,030      Commitments and contingencies        Shareholders’ equity:    Common stock and additional paid-in capital, $0.00001 par value: 50,400,000 shares authorized; 14,856,722 and 15,116,786 shares issued and outstanding, respectively  89,806    83,276  Accumulated deficit  (17,607)   (19,154) Accumulated other comprehensive loss  (6,369)   (7,172) Total shareholders’ equity  65,830    56,950  Total liabilities and shareholders’ equity $ 331,495   $ 364,980   

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Apple Inc. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (In millions)   Nine Months Ended  June 28, 2025  June 29, 2024 Cash, cash equivalents, and restricted cash and cash equivalents, beginning balances $ 29,943   $ 30,737      Operating activities:    Net income  84,544    79,000  Adjustments to reconcile net income to cash generated by operating activities:    Depreciation and amortization  8,571    8,534  Share-based compensation expense  9,680    8,830  Other  (1,748)   (1,964) Changes in operating assets and liabilities:    Accounts receivable, net  5,685    6,697  Vendor non-trade receivables  13,555    11,100  Inventories  1,223    41  Other current and non-current assets  (6,116)   (5,626) Accounts payable  (18,479)   (15,171) Other current and non-current liabilities  (15,161)   2  Cash generated by operating activities  81,754    91,443      Investing activities:    Purchases of marketable securities  (17,591)   (38,074) Proceeds from maturities of marketable securities  35,036    39,838  Proceeds from sales of marketable securities  10,785    7,382  Payments for acquisition of property, plant and equipment  (9,473)   (6,539) Other  (975)   (1,117) Cash generated by investing activities  17,782    1,490      Financing activities:    Payments for taxes related to net share settlement of equity awards  (5,719)   (5,163) Payments for dividends and dividend equivalents  (11,559)   (11,430) Repurchases of common stock  (70,579)   (69,866) Proceeds from issuance of term debt, net  4,481    —  Repayments of term debt  (9,682)   (7,400) Repayments of commercial paper, net  (65)   (2,985) Other  (87)   (191) Cash used in financing activities  (93,210)   (97,035)     Increase/(Decrease) in cash, cash equivalents, and restricted cash and cash equivalents  6,326    (4,102) Cash, cash equivalents, and restricted cash and cash equivalents, ending balances $ 36,269   $ 26,635      Supplemental cash flow disclosure:    Cash paid for income taxes, net $ 37,332   $ 19,230   