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Apple Inc

General Company Information

Address One Apple Park Way

Cupertino, CA 95014 United States

Phone: 408 996-1010

Fax: 408 974-2483

Country United States

Ticker AAPL

Date of Incorporation January 1977 , CA, United States

Number of Employees 123,000 (Approximate Full-Time as of 09/30/2017)

Number of Shareholders 25,333 (as of 10/20/2017)

Company Website www.apple.com

Annual Meeting Date In February

Mergent Dividend Achiever No

Closing Price As of 06/01/2018 : 190.24

Apple Inc

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Business Description

Industry Computer Hardware & Equipment

NAICS Primary NAICS:

334111 - Electronic Computer Manufacturing

Secondary NAICS: 511210 - Software Publishers 334112 - Computer Storage Device Manufacturing 334113 - Computer Terminal Manufacturing 443120 - Computer and Software Stores

SIC Primary SIC:

3571 - Electronic computers

Secondary SIC: 7372 - Prepackaged software 3572 - Computer storage devices 3577 - Computer peripheral equipment, nec 5045 - Computers, peripherals & software

Business Description Apple designs, manufactures and markets mobile communication and media devices and personal computers, and sells a

variety of related software, services, accessories, networking solutions and third-party digital content and applications. Co.'s

products and services include iPhone®, iPad®, Mac®, Apple Watch®, Apple TV®, a portfolio of consumer and software

applications, iOS, macOS®, watchOS® and tvOS™ operating systems, iCloud®, Apple Pay® and a variety of accessory,

service and support offerings. Co. sells and delivers digital content and applications through the iTunes Store®, App Store®,

Mac App Store, TV App Store, iBooks Store® and Apple Music®. Co. sells its products worldwide through its retail stores,

online stores and direct sales force, as well as through third-party cellular network carriers, wholesalers, retailers and resellers.

In addition, Co. sells a variety of third-party Apple-compatible products, including application software and various accessories

through its retail and online stores. Co. sells to consumers, small and mid-sized businesses and education, enterprise and

government customers.

Co. manages its business primarily on a geographic basis. Co.'s reportable segments consist of the Americas, Europe, Greater

China, Japan and Rest of Asia Pacific. Americas includes both North and South America. Europe includes European countries,

as well as India, the Middle East and Africa. Greater China includes China, Hong Kong and Taiwan. Rest of Asia Pacific

includes Australia and those Asian countries not included in Co.'s other reportable operating segments.

Products

iPhone - iPhone is Co.'s line of smartphones based on its iOS operating system. iPhone includes Siri®, a voice-activated

intelligent assistant, and Apple Pay and Touch ID® on qualifying devices. Co.'s iPhone 8 and 8 Plus feature a glass and

aluminum design, cameras and speakers, wireless charging and augmented reality optimization. Co. also sells iPhone X, which

feature an all-glass design with a Super Retina™ OLED display and facial recognition. Co.'s line of smartphones also includes

iPhone 7, 7 Plus, 6s, 6s Plus and SE models. iPhone works with the iTunes Store, App Store, iBooks Store and Apple Music for

purchasing, organizing and playing digital content and apps.

iPad - iPad is Co.'s line of multi-purpose tablets based on its iOS operating system, which includes iPad Pro®, iPad and iPad

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mini™. iPad includes Siri, Apple Pay and Touch ID. Co. has released a 10.5-inch iPad Pro and a 12.9-inch iPad Pro. iPad

works with the iTunes Store, App Store, iBooks Store and Apple Music for purchasing, organizing and playing digital content

and apps.

Mac - Mac is Co.'s line of desktop and portable personal computers based on its macOS operating system. Mac includes Siri

and Apple Pay and also includes Touch ID on qualifying devices. Co.'s desktop computers include iMac®, 21.5 inches iMac

with Retina 4K display, 27 inches iMac with Retina 5K display, Mac Pro® and Mac mini®. Co.'s portable computers include

MacBook®, MacBook Air®, MacBook Pro® and MacBook Pro with Touch Bar™.

Operating System Software

iOS - iOS is Co.'s mobile operating system that serves as the foundation for iOS devices. Devices running iOS are compatible

with both Mac and Windows personal computers and Apple's iCloud services. Co.'s iOS 11 includes new iPad features, new

capabilities to improve images in Photos and Camera, enhanced Siri functionality and a redesigned App Store. iOS 11 also

introduces ARKit, an augmented reality framework for developers.

macOS - macOS is Co.'s desktop operating system and is built on an open-source UNIX-based foundation and provides an

intuitive and integrated computer experience. Support for iCloud is built into macOS so users can access content and

information from Mac, iOS devices and other supported devices and access downloaded content and apps from the iTunes

Store. macOS Sierra is the 14th release of macOS and incorporates storage, video and graphics technologies, and includes

improvements to Photos, Safari® and Mail.

watchOS - watchOS is Co.'s operating system for Apple Watch. watchOS 4 adds a proactive Siri watch face that displays the

information users need most throughout the day, personalized activity coaching and a music experience. watchOS 4 also

includes a Workout app and introduces GymKit™, a technology platform that provides users connected workouts with cardio

equipment.

tvOS - tvOS is Co.'s operating system for Apple TV. The tvOS operating system is based on Co.'s iOS platform and enables

developers to create new apps and games specifically for Apple TV and deliver them to customers through the Apple TV App

Store.

Application Software

Co.'s application software includes iWork® and various other software, including Final Cut Pro®, Logic Pro® X and

FileMaker® Pro. iWork is Co.'s integrated productivity suite included with all Mac computers and is designed to help users

create, present and publish documents through Pages®, presentations through Keynote® and spreadsheets through Numbers®.

Co. also has Multi-Touch versions of iLife and iWork applications designed specifically for use on iOS devices, which are

available as free downloads for all new iOS devices.

Services

Digital Content and Services - The iTunes Store, available for iOS devices, Mac and Windows personal computers and Apple

TV, allows customers to purchase and download music and TV shows, rent or purchase movies and download free podcasts.

The App Store, available for iOS devices, allows customers to discover and download apps and purchase in-app content. The

Mac App Store, available for Mac computers, allows customers to discover, download and install Mac applications. The TV

App Store allows customers access to apps and games specifically for Apple TV. The iBooks Store, available for iOS devices

and Mac computers, features e-books from independent publishers. Apple Music provides users a curated listening experience

with on-demand radio stations that evolve based on a user's play or download activity and a subscription-based internet

streaming service that also provides unlimited access to the Apple Music library.

iCloud - iCloud is Co.'s cloud service which stores music, photos, contacts, calendars, mail, documents and more, keeping them

up-to-date and available across multiple iOS devices, Mac and Windows personal computers and Apple TV. iCloud services

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include iCloud Drive®, iCloud Photo Library, Family Sharing, Find My iPhone, iPad or Mac, Find My Friends, Notes, iCloud

Keychain® and iCloud Backup for iOS devices.

AppleCare - Co. provides a range of support options for its customers. These include assistance that is built into software

products, electronic product manuals, online support including product information as well as technical assistance, the

AppleCare® Protection Plan (APP) and AppleCare+ (AC+). APP and AC+ are fee-based services that extend the coverage of

phone support eligibility and hardware warranty repairs. APP and AC+ provide additional coverage under some circumstances

for instances of accidental damage and are available in certain countries for certain products.

Apple Pay - Apple Pay is Co.'s cashless payment service available in certain countries that provides a secure and private way to

pay. Apple Pay allows users to pay for purchases in participating stores accepting contactless payments and to pay for

purchases within participating apps on qualifying devices. Apple Pay accepts credit and debit cards across major card networks

and also supports reward programs and store-issued credit and debit cards.

Other Products

Accessories - Co. sells a variety of Apple-branded and third-party accessories, including Beats® products, headphones,

displays, storage devices, and various other connectivity and computing products and supplies. Co.'s AirPods™ are wireless

headphones that interact with Siri. Co.'s HomePod™ is a wireless speaker and AirPower™ is a wireless charging accessory

Apple TV - Apple TV connects to consumers' TVs and enables them to access digital content directly for streaming video,

playing music and games, and viewing photos. Content from Apple Music and other media services is also available on Apple

TV. Apple TV allows streaming digital content from Mac and Windows personal computers through Home Share and from

compatible Mac and iOS devices through AirPlay®. Apple TV runs on Co.'s tvOS operating system and is based on apps built

for the television. Additionally, the Apple TV remote features Siri, allowing users to search and access content with their voice.

Apple Watch - Apple Watch is a personal electronic device that combines the watchOS user interface and technologies created

specifically for a smaller device, including the Digital Crown™, a navigation tool that allows users to scroll, zoom and

navigate, and Force Touch, a technology that senses the difference between a tap and a press and allows users to access

controls within apps. Apple Watch enables users to communicate from their wrist, track their health and fitness through activity

and workout apps, and includes Siri and Apple Pay. Co.'s Apple Watch Series 3 features health and fitness enhancements and

built-in cellular capability on qualifying devices.

iPod touch - iPod touch, based on Co.'s iOS operating system, is a flash memory-based digital music and media player that

works with the iTunes Store, App Store, iBooks Store and Apple Music for purchasing and playing digital content and apps.

Developer Programs

Co.'s developer programs support app developers with building, testing and distributing apps for iOS, macOS, watchOS and

tvOS. Developer program membership provides access to beta software and app capabilities (e.g., CloudKit®, HealthKit™ and

Apple Pay), the ability to test apps using TestFlight®, distribution on the App Store, access to App Analytics and code-level

technical support. Developer programs also exist for businesses creating apps for internal use (the Apple Developer Enterprise

Program) and developers creating accessories for Apple devices (the MFi Program). All developers, even those who are not

developer program members, can sign in with their Apple ID to post on the Apple Developer Forums and use Xcode®, Co.'s

integrated development environment for creating apps for Apple platforms. Xcode includes project management tools; analysis

tools to collect, display and compare app performance data; simulation tools to locally run, test and debug apps; and tools to

simplify the design and development of user interfaces. All developers also have access to technical documentation and sample

code.

Geographic Analysis

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Revenues

Report Date 09/24/2016 Currency USD Scale Thousands U.S. 75,667,000 China 46,349,000 Other Countries 93,623,000 Total 215,639,000

Report Date 09/26/2015 Currency USD Scale Thousands U.S. 81,732,000 China 56,547,000 Other Countries 95,436,000 Total 233,715,000

Identifiable assets

Report Date 09/30/2017 Currency USD Scale Thousands North America 20,637,000 Asia/Pacific Rim 10,211,000

Apple Inc

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Report Date 09/24/2016 Currency USD Scale Thousands North America 16,364,000 Asia/Pacific Rim 7,807,000

Report Date 09/26/2015 Currency USD Scale Thousands North America 12,022,000 Asia/Pacific Rim 8,722,000

Report Date 09/30/2017 Currency USD Scale Thousands ther identifiable assets 2,935,000

Apple Inc

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Report Date 09/24/2016 Currency USD Scale Thousands ther identifiable assets 2,839,000

Report Date 09/26/2015 Currency USD Scale Thousands ther identifiable assets 3,040,000

Business Summary

Apple designs, manufactures and markets mobile communication and media devices and personal computers, and sells a

variety of related software, services, accessories, networking solutions and third-party digital content and applications. Co.'s

products and services include iPhone®, iPad®, Mac®, Apple Watch®, Apple TV®, a portfolio of consumer and software

applications, iOS, macOS®, watchOS® and tvOS™ operating systems, iCloud®, Apple Pay® and a variety of accessory,

service and support offerings. Co. sells and delivers digital content and applications through the iTunes Store®, App Store®,

Mac App Store, TV App Store, iBooks Store® and Apple Music®.

Apple Inc

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Executives

Top 5 Executives Officers Arthur D. (Art) Levinson Title : Chairman

Compensation History

Year 2017 2016 2015 in Actual USD in Actual USD in Actual USD

Other Annual Compensation/Fees 300,000 300,000 300,000 Stock Awards 250,007 250,028 250,016 Option Awards N/A N/A N/A All Other Compensation 6,355 2,351 9,182 Total Compensation 556,362 552,379 559,198

Summary Biography Dr. Arthur (Art) D. Levinson, Ph.D., has served as Chairman of Apple Inc. since November 15, 2011, and as its Director since

2000. Dr. Levinson previously served as a Co-Lead Director of Apple Inc. to October 2011. Additionally, Dr. Levinson has

served as the Chief Executive Officer of Calico, a company focused on health, aging, and well-being, since September 2013.

Dr. Levinson also serves on the Board of Directors of the Broad Institute of Harvard and MIT, on the Board of Scientific

Consultants of the Memorial Sloan-Kettering Cancer Center, on the Industrial Advisory Board of the California Institute for

Quantitative Biomedical Research, on the Advisory Council for the Princeton University Department of Molecular Biology, on

the Advisory Council for the Lewis-Sigler Institute for Integrative Genomics, and on the Innovation Advisory Board of the

United States Commerce Department.

Previously, Dr. Levinson served as the Chairman of Genentech, Inc. from September 1999 to September 2014, and as its Chief

Executive Officer from July 1995 to April 2009. Dr. Levinson also served as an Advisor to Genentech's Research and Early

Development Center from May 2009 to September 2013, and as a member of Genentech's external Advisory Group, the

Scientific Resource Board. Dr. Levinson was a Director of F. Hoffman-La Roche Ltd. and Roche Holding Ltd. from March

2010 to September 2014. Dr. Levinson previously served as a Director of NGM Biopharmaceuticals, Inc. Dr. Levinson was

previously Chairman and a Director of Amyris, Inc.

Dr. Levinson holds a Bachelor of Arts degree in Molecular Biology from the University of Washington, Seattle and a Doctor of

Philosophy degree in Biochemical Sciences from Princeton University.

Timothy D. (Tim) Cook Title : Chief Executive Officer

Compensation History

Year 2017 2016 2015 in Actual USD in Actual USD in Actual USD

Salary 3,057,692 3,000,000 2,000,000 Bonus N/A N/A N/A Stock Awards N/A N/A N/A Restricted Stock Units N/A N/A N/A Non-Equity Incentive Plan 9,327,000 5,370,000 8,000,000 Compensation

Apple Inc

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Year 2017 2016 2015 in Actual USD in Actual USD in Actual USD

All Other Compensation 440,374 377,719 281,327 Total Compensation 12,825,066 8,747,719 10,281,327

Summary Biography Timothy (Tim) D. Cook, Mr. Cook has been the Chief Executive Officer and a Director of Apple Inc. since August 2011.

Previously, Mr. Cook was Chief Operating Officer of Apple Inc. from October 2005. Mr. Cook joined Apple in March 1998

and served as Executive Vice President, Worldwide Sales & Operations from 2002 to 2005. From 2000 to 2002, Mr. Cook

served as Senior Vice President, Worldwide Operations, Sales, Service & Support of Apple. From 1998 to 2000, Mr. Cook

served as Senior Vice President, Worldwide Operations of Apple. Mr. Cook has served as a Director of NIKE, Inc. since

November 17, 2005, and has served as its Lead Independent Director since June 30, 2016. Mr. Cook is also a Director of The

National Football Foundation & College Hall of Fame, Inc. and Robert F. Kennedy Center for Justice and Human Rights. Mr.

Cook is a Trustee of Duke University.

Mr. Cook earned an M.B.A. from Duke University, where he was a Fuqua Scholar, and a Bachelor of Science degree in

Industrial Engineering from Auburn University.

Jeffrey E. (Jeff) Williams Title : Chief Operating Officer

Compensation History

Year 2014 2013 2012 in Actual USD in Actual USD in Actual USD

Salary 947,596 866,061 805,400 Stock Awards 20,000,900 N/A 66,269,800 Non-Equity Incentive Plan 3,437,500 1,750,000 1,600,000 Compensation All Other Compensation 17,239 16,791 16,412 Total Compensation 24,403,235 2,632,852 68,691,612

Summary Biography Jeffrey ("Jeff") E. Williams, has served as Chief Operating Officer of Apple Inc. since December 16, 2015. Previously, Mr.

Williams served as Senior Vice President of Operations of Apple from July 2010 to December 16, 2015. Mr. Williams joined

Apple in June 1998. Mr. Williams's previous positions with Apple include Head of Worldwide Procurement and Vice President

of Operations.

Prior to joining Apple Inc., Mr. Williams worked in a number of operations and engineering roles at IBM from 1985 to 1998.

Mr. Williams holds a Bachelor's degree in Mechanical Engineering from North Carolina State University and an M.B.A. from

Duke University.

Katherine L. (Kate) Adams Title : Senior Vice President

Summary Biography Katherine (Kate) L. Adams, has been the Senior Vice President and General Counsel of Apple Inc., since November 13, 2017.

Prior to joining Apple Inc., Ms. Adams served as Senior Vice President and General Counsel of Honeywell International Inc., a

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diversified technology and manufacturing company, from April 2009. Prior to joining Honeywell in 2003, Ms. Adams was a

Partner at the law firm of Sidley Austin LLP and an Adjunct Professor of Law at Columbia Law School and New York

University. Previously, Ms. Adams was a law clerk for Supreme Court Justice Sandra Day O'Connor, a trial attorney for the

United States Department of Justice, Appellate Section, Environment and Natural Resources division, and a law clerk for

Stephen Breyer, then chief judge of the U.S. Court of Appeals for the First Circuit.

Ms. Adams holds a Bachelor's degree in Comparative Literature with French and German concentrations from Brown

University in 1986 and LLB from the University of Chicago Law School in Chicago, Illinois.

Angela J. Ahrendts Title : Senior Vice President

Compensation History

Year 2017 2016 2015 in Actual USD in Actual USD in Actual USD

Salary 1,019,231 1,000,000 1,000,000 Bonus N/A N/A N/A Stock Awards 20,000,113 20,000,083 20,000,105 Non-Equity Incentive Plan 3,109,000 1,790,000 4,000,000 Compensation All Other Compensation 87,728 112,809 779,124 Total Compensation 24,216,072 22,902,892 25,779,229

Summary Biography Angela J. Ahrendts, has been Senior Vice President of Retail of Apple Inc. (“Apple”) since May 2014.

Prior to joining Apple Inc., Ms. Ahrendts served as Director and Chief Executive Officer of Burberry plc, a luxury fashion

company, from July 2006. Ms. Ahrendts also previously served as Executive Vice President at Liz Claiborne Inc., and as

President of Donna Karan International.

Ms. Ahrendts holds a Marketing and Merchandising degree from Ball State University in Indiana, where she was awarded an

Honorary Doctorate in 2010.

Directors Arthur D. (Art) Levinson Title : Chairman

Compensation History

Year 2017 2016 2015 in Actual USD in Actual USD in Actual USD

Other Annual Compensation/Fees 300,000 300,000 300,000 Stock Awards 250,007 250,028 250,016 Option Awards N/A N/A N/A All Other Compensation 6,355 2,351 9,182 Total Compensation 556,362 552,379 559,198

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Summary Biography Dr. Arthur (Art) D. Levinson, Ph.D., has served as Chairman of Apple Inc. since November 15, 2011, and as its Director since

2000. Dr. Levinson previously served as a Co-Lead Director of Apple Inc. to October 2011. Additionally, Dr. Levinson has

served as the Chief Executive Officer of Calico, a company focused on health, aging, and well-being, since September 2013.

Dr. Levinson also serves on the Board of Directors of the Broad Institute of Harvard and MIT, on the Board of Scientific

Consultants of the Memorial Sloan-Kettering Cancer Center, on the Industrial Advisory Board of the California Institute for

Quantitative Biomedical Research, on the Advisory Council for the Princeton University Department of Molecular Biology, on

the Advisory Council for the Lewis-Sigler Institute for Integrative Genomics, and on the Innovation Advisory Board of the

United States Commerce Department.

Previously, Dr. Levinson served as the Chairman of Genentech, Inc. from September 1999 to September 2014, and as its Chief

Executive Officer from July 1995 to April 2009. Dr. Levinson also served as an Advisor to Genentech's Research and Early

Development Center from May 2009 to September 2013, and as a member of Genentech's external Advisory Group, the

Scientific Resource Board. Dr. Levinson was a Director of F. Hoffman-La Roche Ltd. and Roche Holding Ltd. from March

2010 to September 2014. Dr. Levinson previously served as a Director of NGM Biopharmaceuticals, Inc. Dr. Levinson was

previously Chairman and a Director of Amyris, Inc.

Dr. Levinson holds a Bachelor of Arts degree in Molecular Biology from the University of Washington, Seattle and a Doctor of

Philosophy degree in Biochemical Sciences from Princeton University.

Timothy D. (Tim) Cook Title : Director

Compensation History

Year 2017 2016 2015 in Actual USD in Actual USD in Actual USD

Salary 3,057,692 3,000,000 2,000,000 Bonus N/A N/A N/A Stock Awards N/A N/A N/A Restricted Stock Units N/A N/A N/A Non-Equity Incentive Plan 9,327,000 5,370,000 8,000,000 Compensation All Other Compensation 440,374 377,719 281,327 Total Compensation 12,825,066 8,747,719 10,281,327

Summary Biography Timothy (Tim) D. Cook, Mr. Cook has been the Chief Executive Officer and a Director of Apple Inc. since August 2011.

Previously, Mr. Cook was Chief Operating Officer of Apple Inc. from October 2005. Mr. Cook joined Apple in March 1998

and served as Executive Vice President, Worldwide Sales & Operations from 2002 to 2005. From 2000 to 2002, Mr. Cook

served as Senior Vice President, Worldwide Operations, Sales, Service & Support of Apple. From 1998 to 2000, Mr. Cook

served as Senior Vice President, Worldwide Operations of Apple. Mr. Cook has served as a Director of NIKE, Inc. since

November 17, 2005, and has served as its Lead Independent Director since June 30, 2016. Mr. Cook is also a Director of The

National Football Foundation & College Hall of Fame, Inc. and Robert F. Kennedy Center for Justice and Human Rights. Mr.

Cook is a Trustee of Duke University.

Mr. Cook earned an M.B.A. from Duke University, where he was a Fuqua Scholar, and a Bachelor of Science degree in

Industrial Engineering from Auburn University.

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James A. Bell Title : Director

Compensation History

Year 2017 2016 in Actual USD in Actual USD

Other Annual Compensation/Fees 100,000 100,000 Stock Awards 250,007 360,375 All Other Compensation 3,736 5,176 Total Compensation 353,743 465,551

Summary Biography James A. Bell, has served as a Director of JPMorgan Chase & Co. ("JPMorgan Chase") since November 8, 2011. Mr. Bell has

been a Director of Dow Chemical Company since 2005, of CDW Corporation since March 2015 and of Apple Inc. since

September 2015. Mr. Bell is a member of the Board of Trustees at Rush University Medical Center.

Mr. Bell was an Executive Vice President of The Boeing Company, an aerospace company and manufacturer of commercial

jetliners and military aircraft, from 2003 until his retirement in April 2012. Mr. Bell was Corporate President from June 2008

until February 2012 and Chief Financial Officer from November 2003 until February 2012. Over a four-decade corporate

career, Mr. Bell led global businesses in a highly regulated industry, oversaw successful strategic growth initiatives and

developed extensive experience in finance, accounting, risk management and controls. While Chief Financial Officer, he

oversaw two key Boeing businesses: Boeing Capital Corporation, the company's customer-financing subsidiary, and Boeing

Shared Services, an 8,000-person, multi-billion dollar business unit that provides common internal services across Boeing's

global enterprise. Before being named Chief Financial Officer, Mr. Bell was Senior Vice President of Finance and Corporate

Controller. In this position he served as Boeing's principal interface with the board's Audit Committee. Mr. Bell was Vice

President of contracts and pricing for Boeing Space and Communications from 1996 to 2000, and before that served as Director

of business management of the Space Station Electric Power System at the Boeing Rocketdyne unit.

Mr. Bell earned a Bachelor's degree in Accounting from California State University at Los Angeles.

Albert A. (Al) Gore Title : Director

Compensation History

Year 2017 2016 2015 in Actual USD in Actual USD in Actual USD

Other Annual Compensation/Fees 100,000 100,000 100,000 Stock Awards 250,007 250,028 250,016 Option Awards N/A N/A N/A All Other Compensation 7,204 2,464 3,019 Total Compensation 357,211 352,492 353,035

Summary Biography Albert A. Gore, Jr. ("Al"), has served as a Director of Apple, Inc. since 2003. Mr. Gore has served as Chairman of Generation

Investment Management, an investment management firm, since 2004, and as a Partner of Kleiner Perkins Caufield & Byers, a

venture capital firm, since 2007. Mr. Gore is also Chairman of The Climate Reality Project.

Mr. Gore was elected to the U.S. House of Representatives four times, to the U.S. Senate two times, and served two terms as

Vice President of the United States.

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Mr. Gore received a degree in Government from Harvard University in 1969. Mr. Gore also attended Vanderbilt University's

Divinity School and afterwards, he went to Law School.

Robert A. (Bob) Iger Title : Director

Compensation History

Year 2017 2016 2015 in Actual USD in Actual USD in Actual USD

Other Annual Compensation/Fees 125,000 125,000 115,000 Stock Awards 250,007 250,028 250,016 All Other Compensation 7,877 2,261 8,843 Total Compensation 382,884 377,289 373,859

Summary Biography Robert (Bob) A. Iger, has been a Director of The Walt Disney Company since 2000. Mr. Iger has served as Chairman and

Chief Executive Officer since March 2012. Prior to that time, Mr. Iger served as President and Chief Executive Officer of The

Walt Disney Company since 2005, having previously served as President and Chief Operating Officer since 2000 and as

President of Walt Disney International and Chairman of the ABC Group from 1999 to 2000. From 1974 to 1998, Mr. Iger held

a series of increasingly responsible positions at ABC, Inc. and its predecessor Capital Cities/ABC, Inc., culminating in service

as President of the ABC Network Television Group from 1993 to 1994 and President and Chief Operating Officer of ABC, Inc.

from 1994 to 1999. Mr. Iger is a member of the Board of Directors of Apple, Inc., the National September 11 Memorial &

Museum, and the Bloomberg Family Foundation.

Mr. Iger holds B.S. in Communications from Ithaca College.

History

Incorporated in California on Jan. 3, 1977 as Apple Computer, Inc. Present name adopted on Jan. 11, 2007.

In Feb. 1981, Co. acquired Microsense Computer Ltd. for $3,500,000.

On Mar. 2, 1988, Co. acquired Network Innovations Corp. Terms of the transaction were not disclosed.

On June 7, 1988, Co. acquired Orion Network Systems Inc. Terms of the transaction were not disclosed.

On June 27, 1988, Co. acquired Styleware Inc. Terms of the transaction were not disclosed.

On July 11, 1988, Co. acquired Nashoba Systems Inc. Terms of the transaction were not disclosed.

On Jan. 3, 1989, Co. acquired Coral Software Corp. Terms of the transaction were not disclosed.

On Apr. 20, 1993, Co. formed Apple Computer Mexico, S.A. de C.V.

On Dec. 12, 1995, Co. and South Software Park (Zhuhai) Development Co. Ltd. jointly announced the opening of Apple-SSP

(Zhuhai) Development Co. Ltd., Co.'s first equity joint venture in China.

On Feb. 4, 1997, Co. acquired all of the outstanding shares of NeXT Software, Inc. for a total purchase price of $427,000,000.

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In Aug. 1997, Co. sold a non-voting, minority stake to Microsoft Corporation for $150,000,000.

On Jan. 28, 1998, Co. completed its acquisition of certain assets from Power Computing Corporation for a total purchase price

of approx. $110,000,000.

On Jan. 8, 1999, Co. acquired Xemplar Education Ltd. Terms of the transaction were not disclosed.

In Nov. 1999, Co. purchased Raycer Graphics Inc.

In 2000, Co. purchased the rights to the SoundJam MP software in a deal covered by a two-year secrecy clause. Terms of the

transaction were not disclosed.

On Jan. 7, 2000, Co. acquired NetSelector. Terms of the transaction were not disclosed.

On Apr. 11, 2000, Co. acquired Astarte-DVD Authoring Software. Terms of the transaction were not disclosed.

In 2001, Co. acquired Bluefish Labs. Terms of the transaction were not disclosed.

In May 2001, Co. acquired PowerSchool, Inc. for a purchase price of approx. $66,100,000.

On May 11, 2001, Co. acquired bluebuzz, an internet service provider. Terms of the transaction were not disclosed.

On July 9, 2001, Co. acquired Spruce Technologies, Inc. for $14,900,000 in cash.

In fiscal 2002, Co. acquired certain technology and patent rights of Zayante, Inc., Prismo Graphics, and Silicon Grail

Corporation for a total of $20,000,000 in cash.

In 2002, Co. acquired certain assets of Nothing Real, LLC for a purchase price of $15,000,000.

On Apr. 4, 2002, Co. acquired Zayante, Inc.

On June 2002, Co. acquired Propel Software. Terms of the transaction were not disclosed

On July 1, 2002, Co. acquired Emagic GmbH for approx. $30,000,000 in cash.

In Mar. 2005, Co. acquired Schemasoft. Terms of the transaction were not disclosed.

In Apr. 2005, Co. acquired FingerWorks Inc. Terms of the transaction were not disclosed.

On Oct. 16, 2006, Co. acquired Silicon Color Inc. Terms of the transaction were not disclosed.

On Dec. 4, 2006, Co. acquired Proximit. Terms of the transaction were not disclosed.

On Apr. 24, 2008, Co. acquired P.A. Semi for $278,000,000.

On July 1, 2009, Co. acquired Placebase. Terms of the transaction were not disclosed.

On Dec. 6, 2009, Co. acquired Lala.com for $17,000,000.

On Jan. 5, 2010, Co. acquired Quattro Wireless for $275,000,000.

On Apr. 27, 2010, Co. acquired Intrinsity for 121,000,000.

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On Apr. 27, 2010, Co. acquired Siri Inc. Terms of the transaction were not disclosed.

On July 14, 2010, Co. acquired Poly9. Terms of the transaction were not disclosed.

On Sept. 14, 2010, Co. acquire IMSense Ltd. Terms of the transaction were not disclosed.

On Sept. 20, 2010, Co. acquired Polar Rose for $29,000,000.

In 2011, Co., as part of a consortium, acquired Nortel Networks Corporation's patent portfolio for an overall purchase price of

$4,500,000,000, of which Co.'s contribution was approx. $2,600,000,000.

On Nov. 1, 2011, Co. acquired C3 Technologies AB, a unit of Saab AB, for $265,300,000 paid in cash.

On Dec. 20, 2011, Co. acquired Israel's Anobit, a maker of flash storage technology, for up to $500,000,000.

On Jan. 11, 2012, Co. acquired Israel's Anobit for $500,000,000.

On Feb. 23, 2012, Co. acquired Search Startup Chomp for $50,000,000.

On June 2, 2012, Co. acquired Redmatica a software firm. Terms of the transaction were not disclosed.

On July 27, 2012, Co. acquired AuthenTec a company which provides security hardware and software for PCs and mobile

devices for US$356,000,000.

On Sept. 27, 2012, Co. acquired Particle a Web app firm. Terms of the transaction were not disclosed.

On Oct. 4, 2012, Co. acquired AuthenTec, Inc. for $356,100,000 in cash.

In 2013, Co. acquired Novauris Technologies. Terms of the transaction were not disclosed.

In 2013, Co. acquired search startup Ottocat to power the 'Explore' tab in Co.'s store. Terms of the transaction were not

disclosed.

On Mar. 23, 2013, Co. acquired indoor-GPS company WifiSLAM for $20,000,000.

On July 19, 2013, Co. acquired HopStop.com Inc. Terms of the transaction were not disclosed.

On July 19, 2013, Co. acquired Locationary a local data outfit. Terms of the transaction were not disclosed.

On Aug. 1, 2013, Co. acquired Passif Semiconductor. Terms of the transaction were not disclosed.

On Aug. 13, 2013, Co. acquired Matcha app. Terms of the transaction were not disclosed.

On Aug. 22, 2013, Co. acquired Embark Inc. Terms of the transaction were not disclosed.

On Aug. 28, 2013, Co. acquired AlgoTrim. Terms of the transaction were not disclosed.

On Oct. 3, 2013, Co. acquired Cue app for US$50,000,000.

On Nov. 24, 2013, Co. acquired PrimeSense a 3-D sensor technology company for $345,000,000.

On Dec. 3, 2013, Co. acquired social media search and analytics startup Topsy for $200,000,000.

Apple Inc

06/04/2018 16 Mergent, Inc.

On Dec. 23, 2013, Co. acquired digital mapping firm BroadMap. Terms of the transaction were not disclosed.

On Dec. 23, 2013, Co. acquired Catch.com (formerly known as Snaptic). Terms of the transaction were not disclosed.

On Jan. 4, 2014, Co. acquired SnappyLabs company. Terms of the transaction were not disclosed.

On Feb. 21, 2014, Co. acquired Burstly an app beta testing platform TestFlight company. Terms of the transaction were not

disclosed.

On May 2, 2014, Co. acquired power efficient LED Tech company LuxVue Technology. Terms of the transaction were not

disclosed.

On June 6, 2014, Co. acquired Spotsetter, a social search engine using big data to offer personalized recommendations as to

places to go. Terms of the transaction were not disclosed.

On June 29, 2014, Co. acquires Swell, a provider of talk radio services, for a reported $30,000,000.

On June 29, 2014, Co. acquired acquires BookLamp, a developer of book analytics services that employs big-data analysis.

Terms of the transaction were not disclosed.

On July 31, 2014, Co. completed the acquisitions of Beats Music, LLC and Beats Electronics, LLC. The total purchase price

consideration for these acquisitions was $2,600,000,000, which consisted primarily of cash, of which $2,200,000,000 was

allocated to goodwill, $636,000,000 to acquired intangible assets and $258,000,000 to net liabilities assumed.

In Sept, 2014, Co. acquires Dryft, which makes a virtual keyboard that lets one type naturally on touch screens, allowing a user

to rest fingers on the screen and type naturally. Terms of the transaction were not disclosed.

On Sept. 23, 2014, Co. acquired Prss app. Terms of the transaction were not disclosed.

On Jan. 21, 2015, Co. acquired Semetric Ltd. Terms of the transaction were not disclosed.

On Mar. 24, 2015, Co. acquired FoundationDB, a relative newcomer to the NoSQL crowd. Terms of the transaction were not

disclosed.

On Apr. 14, 2015, Co. acquired LinX, an Israeli camera tech company whose most recent offerings include multi-aperture

camera models which can enable effects like background focus blur, parallax images and 3D picture capture. Terms of the

transaction were not disclosed.

On May 17, 2015, Co. acquired Coherent Navigation Inc., a Global Positioning System company. Terms of the transaction

were not disclosed.

On May 29, 2015, Co. acquired German augmented-reality firm Metaio. Terms of the transaction were not disclosed.

On Oct. 25, 2017, Co. acquired PowerbyProxi Ltd., a designer of wireless power products for consumers and industry. Terms

of the transaction were not disclosed.

Institutional Holdings

Total Institutions: 3,727 (UP) 2,726 Total Shares Held: 3,491,310,977 % of Shares Held: 54.81%

Apple Inc

06/04/2018 17 Mergent, Inc.

Changes In: New/Increased vs Old/Decreased Positions: (DOWN) -663 Amount of Shares Held: 109,129,089 % of shares held change: -54.69%

54.81% Held By Institutions

-54.69% Shares Held Change

New Positions Increased Positions Closed Positions Decreased Positions Institutions: 0 Institutions: 1,413 Institutions: 99 Institutions: 1,977 Shares: 0 Shares: 1,812,894,530 Shares: 65,803,589 Shares: 1,637,961,852 % Change: 0.00% % Change: 77.03% % Change: 15.86% % Change: 92.66%

Unchanged Positions Institutions: 337 Shares: 40,454,595 % Change: 61.29%

Institutional Ownership Summary for each of the top 5-10 Institutional Holders VANGUARD GROUP INC Total Shares Owned by Institution 350,509,074

Apple Inc

06/04/2018 18 Mergent, Inc.

Percentage of Shares Outstanding N/A

Number of Institutions 2870

Shares Purchased by Institution in the Last 3 Months 0

Shares Sold by Institution in the Last 3 Months 0

3 Months Net Transactions (Purchases-Sales) N/A

Quarterly Stock Price Range N/A

Buyers/Sellers Summary 3 Months 6 Months

Number of Inside Buyers 0 0 Number of Inside Sellers 0 0

BLACKROCK INC. Total Shares Owned by Institution 320,273,959

Percentage of Shares Outstanding 62.49%

Number of Institutions 3332

Shares Purchased by Institution in the Last 3 Months 397

Shares Sold by Institution in the Last 3 Months 123

3 Months Net Transactions (Purchases-Sales) Insider Holdings

Issuer's Name Trans. Date Form Action Price Mkt Value D/I Shares Holdings BlackRock Inc 05/21/2018 4 S 546.13 90,657D 166 10,119 BlackRock Inc 05/09/2018 4 B 530.95 530,949D 1,000 3,360 BlackRock Inc 05/02/2018 4 GD 0.00 0D 600 14,235 BlackRock Inc 04/24/2018 4 S 515.84 257,922D 500 10,285 BlackRock Inc 04/18/2018 4 S 524.84 209,935D 400 2,714 BlackRock Inc 04/04/2018 4 D 541.72 66,632D 123 4,245 BlackRock Inc 04/04/2018 4 D 541.72 66,632D 123 6,437 BlackRock Inc 04/04/2018 4 D 541.72 66,632D 123 2,132 BlackRock Inc 04/04/2018 4 A 0.00 0D 335 40,367 BlackRock Inc 04/04/2018 4 A 0.00 0D 370 4,368 BlackRock Inc 04/04/2018 4 A 0.00 0D 364 6,560 BlackRock Inc 04/04/2018 4 A 0.00 0D 391 3,529 BlackRock Inc 04/04/2018 4 A 0.00 0D 399 13,286 BlackRock Inc 04/04/2018 4 A 0.00 0D 334 334 BlackRock Inc 04/04/2018 4 A 0.00 0D 366 1,624 BlackRock Inc 04/04/2018 4 A 0.00 0D 335 2,948 BlackRock Inc 04/04/2018 4 A 0.00 0D 330 330 BlackRock Inc 04/04/2018 4 A 0.00 0D 339 2,255 BlackRock Inc 04/04/2018 4 A 0.00 0D 334 478,560

Apple Inc

06/04/2018 19 Mergent, Inc.

Issuer's Name Trans. Date Form Action Price Mkt Value D/I Shares Holdings BlackRock Inc 04/04/2018 4 A 0.00 0D 360 2,360 BlackRock Inc 04/04/2018 4 A 0.00 0D 379 507,646 BlackRock Inc 04/04/2018 4 A 0.00 0D 372 516 BlackRock Inc 04/04/2018 4 A 0.00 0D 372 4,272 BlackRock Inc 04/04/2018 4 A 0.00 0D 334 3,133 BlackRock Inc 04/04/2018 4 A 0.00 0D 397 15,723

Transaction Ownership Code Key : Code Key : A - Acquired NO - UNKNOWN (added 06/04/2012) D - Direct AB - Automatic Buy NP - Unknown (added 02/19/2013) I - Indirect AS - Automatic Sell OE - Options Exercised B - Buy PB - Private Buy D - Disposed PS - Private Sell IO - Initital Ownership S - Sell

Source: J3 Information Services Group

Quarterly Stock Price Range Time Period Low High Q2 of 2018 511.67 546.88 Q1 of 2018 508.97 593.26 Q4 of 2017 449.95 518.86 Q3 of 2017 412.19 447.09 Q2 of 2017 377.10 428.38

Buyers/Sellers Summary 3 Months 6 Months

Number of Inside Buyers 0 0 Number of Inside Sellers 0 0

BERKSHIRE HATHAWAY INC Total Shares Owned by Institution 239,567,633

Percentage of Shares Outstanding 90%

Number of Institutions 36

Shares Purchased by Institution in the Last 3 Months 0

Shares Sold by Institution in the Last 3 Months 0

3 Months Net Transactions (Purchases-Sales) Insider Holdings

Issuer's Name Trans. Date Form Action Price Mkt Value D/I Shares Holdings Berkshire Hathaway Inc 05/24/2018 4 GD 0.00 0D 6 461 Berkshire Hathaway Inc 05/15/2018 4 GD 0.00 0D 732 467 Berkshire Hathaway Inc 05/10/2018 4 S 199.82 1,198,920I 6,000 128,395 Berkshire Hathaway Inc 03/06/2018 4 GD 0.00 0D 25 1,199

Apple Inc

06/04/2018 20 Mergent, Inc.

Transaction Ownership Code Key : Code Key : A - Acquired NO - UNKNOWN (added 06/04/2012) D - Direct AB - Automatic Buy NP - Unknown (added 02/19/2013) I - Indirect AS - Automatic Sell OE - Options Exercised B - Buy PB - Private Buy D - Disposed PS - Private Sell IO - Initital Ownership S - Sell

Source: J3 Information Services Group

Quarterly Stock Price Range Time Period Low High Q2 of 2018 286,000.00 301,750.00 Q1 of 2018 288,000.00 325,915.00 Q4 of 2017 271,410.00 299,360.00 Q3 of 2017 255,400.00 275,630.00 Q2 of 2017 242,510.00 257,320.00

Buyers/Sellers Summary 3 Months 6 Months

Number of Inside Buyers 0 0 Number of Inside Sellers 0 0

STATE STREET CORP Total Shares Owned by Institution 197,194,075

Percentage of Shares Outstanding 98.02%

Number of Institutions 2690

Shares Purchased by Institution in the Last 3 Months 126

Shares Sold by Institution in the Last 3 Months 5,602

3 Months Net Transactions (Purchases-Sales) Insider Holdings

Issuer's Name Trans. Date Form Action Price Mkt Value D/I Shares Holdings State Street Corp. 05/16/2018 4 AS 100.78 162,357D 1,611 60,038 State Street Corp. 05/16/2018 4 AS 100.78 23,280D 231 27,301 State Street Corp. 05/16/2018 4 AS 100.78 85,764D 851 55,050 State Street Corp. 05/16/2018 4 AS 100.78 29,025D 288 23,670 State Street Corp. 05/16/2018 4 A 0.00 0D 1,929 2,055 State Street Corp. 05/16/2018 4 A 0.00 0D 1,929 7,363 State Street Corp. 05/16/2018 4 A 0.00 0D 1,929 9,185 State Street Corp. 05/16/2018 4 A 0.00 0D 1,929 50,998 State Street Corp. 05/16/2018 4 A 0.00 0D 1,929 3,840 State Street Corp. 05/16/2018 4 A 0.00 0D 1,929 50,776 State Street Corp. 05/16/2018 4 A 0.00 0D 1,929 33,443 State Street Corp. 05/16/2018 4 A 0.00 0D 1,929 24,638 State Street Corp. 05/16/2018 4 A 0.00 0D 1,929 76,642

Apple Inc

06/04/2018 21 Mergent, Inc.

Issuer's Name Trans. Date Form Action Price Mkt Value D/I Shares Holdings State Street Corp. 05/16/2018 4 A 0.00 0D 1,929 2,055 State Street Corp. 05/16/2018 4 A 0.00 0D 1,929 70,205 State Street Corp. 05/15/2018 4 D 101.21 27,934D 276 58,403 State Street Corp. 05/15/2018 4 D 101.21 307,678D 3,040 95,374 State Street Corp. 05/15/2018 4 D 101.21 36,233D 358 59,557 State Street Corp. 05/15/2018 4 D 101.21 120,541D 1,191 61,649 State Street Corp. 05/15/2018 4 D 101.21 62,750D 620 55,901 State Street Corp. 05/15/2018 4 D 101.21 44,937D 444 23,958 State Street Corp. 05/15/2018 4 D 101.21 43,217D 427 31,246 State Street Corp. 05/15/2018 4 D 101.21 85,118D 841 45,416 State Street Corp. 05/15/2018 4 D 101.21 22,873D 226 17,420 State Street Corp. 05/15/2018 4 D 101.21 489,958D 4,841 42,162 State Street Corp. 05/15/2018 4 AS 101.82 2,545,500D 25,000 763,920 State Street Corp. 05/15/2018 4 AS 101.88 570,732D 5,602 31,673 State Street Corp. 03/29/2018 4 A 0.00 0D 126 126 State Street Corp. 03/29/2018 4 A 0.00 0D 126 126

Transaction Ownership Code Key : Code Key : A - Acquired NO - UNKNOWN (added 06/04/2012) D - Direct AB - Automatic Buy NP - Unknown (added 02/19/2013) I - Indirect AS - Automatic Sell OE - Options Exercised B - Buy PB - Private Buy D - Disposed PS - Private Sell IO - Initital Ownership S - Sell

Source: J3 Information Services Group

Quarterly Stock Price Range Time Period Low High Q2 of 2018 95.08 104.18 Q1 of 2018 96.72 112.71 Q4 of 2017 90.28 99.29 Q3 of 2017 90.20 95.95 Q2 of 2017 77.30 89.73

Buyers/Sellers Summary 3 Months 6 Months

Number of Inside Buyers 0 0 Number of Inside Sellers 0 0

FMR LLC Total Shares Owned by Institution 100,632,605

Percentage of Shares Outstanding N/A

Number of Institutions 1904

Shares Purchased by Institution in the Last 3 Months 0

Apple Inc

06/04/2018 22 Mergent, Inc.

Shares Sold by Institution in the Last 3 Months 0

3 Months Net Transactions (Purchases-Sales) N/A

Quarterly Stock Price Range N/A

Buyers/Sellers Summary 3 Months 6 Months

Number of Inside Buyers 0 0 Number of Inside Sellers 0 0

NORTHERN TRUST CORP Total Shares Owned by Institution 63,463,314

Percentage of Shares Outstanding 98.74%

Number of Institutions 3076

Shares Purchased by Institution in the Last 3 Months 291

Shares Sold by Institution in the Last 3 Months 6,000

3 Months Net Transactions (Purchases-Sales) Insider Holdings

Issuer's Name Trans. Date Form Action Price Mkt Value D/I Shares Holdings Northern Trust Corp 06/01/2018 4 GD 0.00 0I 722 88,105 Northern Trust Corp 05/17/2018 4 GD 0.00 0D 1,390 73,411 Northern Trust Corp 05/15/2018 4 S 107.38 312,798I 2,913 16,926 Northern Trust Corp 05/10/2018 4 GD 0.00 0D 274 25,101 Northern Trust Corp 05/08/2018 4 GD 0.00 0I 242 88,827 Northern Trust Corp 05/08/2018 4 GD 0.00 0I 925 11,660 Northern Trust Corp 05/07/2018 4 S 105.15 1,575,042D 14,979 20,484 Northern Trust Corp 05/07/2018 4 S 105.10 647,731D 6,163 12,338 Northern Trust Corp 05/07/2018 4 S 105.49 105,490I 1,000 12,585 Northern Trust Corp 05/07/2018 4 OE 60.85 375,019D 6,163 18,501 Northern Trust Corp 05/01/2018 4 GD 0.00 0I 9,972 0 Northern Trust Corp 04/26/2018 4 GD 0.00 0I 2,000 74,027 Northern Trust Corp 04/24/2018 4 S 108.08 283,926I 2,627 0 Northern Trust Corp 04/17/2018 4 OE 0.00 0D 1,214 1,214 Northern Trust Corp 04/17/2018 4 D 107.04 129,947D 1,214 0 Northern Trust Corp 04/17/2018 4 A 0.00 0D 1,033 22,391 Northern Trust Corp 04/17/2018 4 A 0.00 0D 1,033 1,033 Northern Trust Corp 04/17/2018 4 A 0.00 0D 1,033 7,407 Northern Trust Corp 04/17/2018 4 A 0.00 0D 1,033 21,466 Northern Trust Corp 04/17/2018 4 A 0.00 0D 1,033 5,218 Northern Trust Corp 04/17/2018 4 A 0.00 0D 1,033 9,149 Northern Trust Corp 04/17/2018 4 A 0.00 0D 1,033 8,858 Northern Trust Corp 04/17/2018 4 A 0.00 0D 1,033 20,803 Northern Trust Corp 04/17/2018 4 A 0.00 0D 1,033 6,120 Northern Trust Corp 04/17/2018 4 A 0.00 0D 1,033 3,778

Apple Inc

06/04/2018 23 Mergent, Inc.

Issuer's Name Trans. Date Form Action Price Mkt Value D/I Shares Holdings Northern Trust Corp 04/17/2018 4 A 0.00 0D 1,033 22,900 Northern Trust Corp 03/31/2018 4 A 103.13 31,250D 303 20,433 Northern Trust Corp 03/31/2018 4 A 103.13 29,999D 291 4,185 Northern Trust Corp 03/31/2018 4 A 103.13 32,500D 315 5,087 Northern Trust Corp 03/31/2018 4 A 103.13 29,908D 290 21,357 Northern Trust Corp 03/31/2018 4 A 103.13 31,250D 303 19,770 Northern Trust Corp 03/31/2018 4 A 103.13 29,999D 291 8,116 Northern Trust Corp 03/09/2018 4 AS 110.00 528,770I 4,807 16,926 Northern Trust Corp 03/08/2018 4 S 106.79 640,740D 6,000 55,873 Northern Trust Corp 03/08/2018 4 GD 0.00 0D 400 55,473

Transaction Ownership Code Key : Code Key : A - Acquired NO - UNKNOWN (added 06/04/2012) D - Direct AB - Automatic Buy NP - Unknown (added 02/19/2013) I - Indirect AS - Automatic Sell OE - Options Exercised B - Buy PB - Private Buy D - Disposed PS - Private Sell IO - Initital Ownership S - Sell

Source: J3 Information Services Group

Quarterly Stock Price Range Time Period Low High Q2 of 2018 101.17 108.92 Q1 of 2018 96.20 110.70 Q4 of 2017 91.10 100.32 Q3 of 2017 86.51 98.98 Q2 of 2017 85.03 97.21

Buyers/Sellers Summary 3 Months 6 Months

Number of Inside Buyers 0 0 Number of Inside Sellers 0 0

GEODE CAPITAL MANAGEMENT LLC Total Shares Owned by Institution 58,052,847

Percentage of Shares Outstanding N/A

Number of Institutions 2838

Shares Purchased by Institution in the Last 3 Months 0

Shares Sold by Institution in the Last 3 Months 0

3 Months Net Transactions (Purchases-Sales) N/A

Quarterly Stock Price Range N/A

Apple Inc

06/04/2018 24 Mergent, Inc.

Buyers/Sellers Summary 3 Months 6 Months

Number of Inside Buyers 0 0 Number of Inside Sellers 0 0

BANK OF NEW YORK MELLON CORP Total Shares Owned by Institution 50,750,536

Percentage of Shares Outstanding 99.15%

Number of Institutions 3046

Shares Purchased by Institution in the Last 3 Months 274

Shares Sold by Institution in the Last 3 Months 15,000

3 Months Net Transactions (Purchases-Sales) Insider Holdings

Issuer's Name Trans. Date Form Action Price Mkt Value D/I Shares Bank of New York Mellon Corp 05/11/2018 4 S 57.44 270,002D 4,701 Bank of New York Mellon Corp 05/11/2018 4 A 54.41 3,826D 70 Bank of New York Mellon Corp 04/23/2018 4 S 55.96 2,687,938D 48,000 Bank of New York Mellon Corp 04/23/2018 4 S 55.89 838,350D 15,000 Bank of New York Mellon Corp 04/02/2018 4 A 50.15 32,500D 648 Bank of New York Mellon Corp 04/02/2018 4 A 50.15 32,500D 648 Bank of New York Mellon Corp 04/02/2018 4 A 50.15 47,500D 947 Bank of New York Mellon Corp 04/02/2018 4 A 50.15 13,750D 274 Bank of New York Mellon Corp 03/09/2018 4 B 56.52 20,399,521I 360,000

Holdings 16,487 19,973

150,595 100,609 13,393 11,231 13,951 1,849

16,127,272

Transaction Ownership Code Key : Code Key : A - Acquired NO - UNKNOWN (added 06/04/2012) D - Direct AB - Automatic Buy NP - Unknown (added 02/19/2013) I - Indirect AS - Automatic Sell OE - Options Exercised B - Buy PB - Private Buy D - Disposed PS - Private Sell IO - Initital Ownership S - Sell

Source: J3 Information Services Group

Apple Inc

06/04/2018 25 Mergent, Inc.

Quarterly Stock Price Range Time Period Low High Q2 of 2018 50.15 57.72 Q1 of 2018 50.61 58.42 Q4 of 2017 50.82 54.97 Q3 of 2017 50.28 54.04 Q2 of 2017 46.20 51.02

Buyers/Sellers Summary 3 Months 6 Months

Number of Inside Buyers 0 0 Number of Inside Sellers 0 0

INVESCO LTD Total Shares Owned by Institution 47,221,380

Percentage of Shares Outstanding 98.64%

Number of Institutions 2788

Shares Purchased by Institution in the Last 3 Months 955

Shares Sold by Institution in the Last 3 Months 5,000

3 Months Net Transactions (Purchases-Sales) Insider Holdings

Issuer's Name Trans. Date Form Action Price Mkt Value D/I Shares Holdings Invesco Ltd 04/27/2018 4 A 0.00 0D 1,225 10,085 Invesco Ltd 04/27/2018 4 A 0.00 0D 1,225 18,950 Invesco Ltd 04/27/2018 4 A 0.00 0D 1,225 25,299 Invesco Ltd 04/27/2018 4 A 0.00 0D 1,225 49,418 Invesco Ltd 04/27/2018 4 A 0.00 0D 1,225 49,565 Invesco Ltd 04/27/2018 4 A 0.00 0D 1,225 30,015 Invesco Ltd 04/27/2018 4 A 0.00 0D 1,225 13,048 Invesco Ltd 04/27/2018 4 A 0.00 0D 1,225 37,920 Invesco Ltd 03/21/2018 4 D 32.21 16,492D 512 210,678 Invesco Ltd 03/21/2018 4 A 0.00 0D 955 211,190 Invesco Ltd 03/15/2018 4 D 32.92 17,941D 545 163,595 Invesco Ltd 03/15/2018 4 AS 32.92 9,855,458I 299,376 2,074,071 Invesco Ltd 03/14/2018 4 AS 33.62 4,151,532I 123,484 2,373,447 Invesco Ltd 03/12/2018 4 GD 0.00 0D 299,376 398,931 Invesco Ltd 03/12/2018 4 GA 0.00 0I 299,376 2,496,931 Invesco Ltd 03/09/2018 4 S 34.31 171,550D 5,000 57,833

Transaction Ownership Code Key : Code Key : A - Acquired NO - UNKNOWN (added 06/04/2012) D - Direct AB - Automatic Buy NP - Unknown (added 02/19/2013) I - Indirect AS - Automatic Sell OE - Options Exercised B - Buy PB - Private Buy

Apple Inc

06/04/2018 26 Mergent, Inc.

Transaction Ownership Code Key : Code Key : D - Disposed PS - Private Sell IO - Initital Ownership S - Sell

Source: J3 Information Services Group

Quarterly Stock Price Range Time Period Low High Q2 of 2018 27.08 31.78 Q1 of 2018 30.72 38.40 Q4 of 2017 34.47 37.67 Q3 of 2017 31.69 36.53 Q2 of 2017 30.03 35.40

Buyers/Sellers Summary 3 Months 6 Months

Number of Inside Buyers 0 0 Number of Inside Sellers 0 0

J P MORGAN CHASE & CO Total Shares Owned by Institution 42,935,585

Percentage of Shares Outstanding 99.43%

Number of Institutions 3232

Shares Purchased by Institution in the Last 3 Months 341

Shares Sold by Institution in the Last 3 Months 0

3 Months Net Transactions (Purchases-Sales) Insider Holdings

Issuer's Name Trans. Date Form Action Price Mkt Value D/I Shares Holdings JPMorgan Chase & Co 05/14/2018 4 B 114.61 1,489,898D 13,000 18,277 JPMorgan Chase & Co 04/16/2018 4 B 111.05 1,998,814I 18,000 28,000 JPMorgan Chase & Co 03/31/2018 4 A 109.97 50,000D 455 235,377 JPMorgan Chase & Co 03/31/2018 4 A 109.97 48,750D 443 96,072 JPMorgan Chase & Co 03/31/2018 4 A 109.97 32,500D 296 33,471 JPMorgan Chase & Co 03/31/2018 4 A 109.97 28,750D 261 135,950 JPMorgan Chase & Co 03/31/2018 4 A 109.97 41,250D 375 92,864 JPMorgan Chase & Co 03/31/2018 4 A 109.97 45,000D 409 176,788 JPMorgan Chase & Co 03/31/2018 4 A 109.97 37,500D 341 43,569

Transaction Ownership Code Key : Code Key : A - Acquired NO - UNKNOWN (added 06/04/2012) D - Direct AB - Automatic Buy NP - Unknown (added 02/19/2013) I - Indirect AS - Automatic Sell OE - Options Exercised B - Buy PB - Private Buy D - Disposed PS - Private Sell

Apple Inc

06/04/2018 27 Mergent, Inc.

Transaction Ownership Code Key : Code Key : IO - Initital Ownership S - Sell

Source: J3 Information Services Group

Quarterly Stock Price Range Time Period Low High Q2 of 2018 105.93 114.29 Q1 of 2018 107.01 118.77 Q4 of 2017 95.86 107.83 Q3 of 2017 88.42 95.51 Q2 of 2017 82.15 91.40

Buyers/Sellers Summary 3 Months 6 Months

Number of Inside Buyers 0 0 Number of Inside Sellers 0 0

Insider Holdings/Trades

Ownership Summary for each of the top 5-10 Insiders There is no Insider Holdings / Trades information for this company at present.

Dividends

Abbreviation Description Structure Type Exchange Ticker Market Cap Com Com Common NMS AAPL 935,055,853,120

Com (NMS: AAPL) Ticker Listed Outstanding Date Outstanding Par Amount AAPL NASDAQ National Market System 04/20/2018 4,915,138,000 0.00 USD

Stock Splits Split Date 2-for-1 06/16/1987 2-for-1 06/21/2000 2-for-1 02/28/2005 7-for-1 06/09/2014

Issue Shares Outstanding Shares Outstanding Date Shares OutstandingFile Date Report Date 04/20/2018 4,915,138,00005/02/2018 03/31/2018 01/19/2018 5,074,013,00002/02/2018 12/30/2017 10/20/2017 5,134,312,00011/03/2017 09/30/2017 07/21/2017 5,165,228,00008/02/2017 07/01/2017 04/21/2017 5,213,840,00005/03/2017 04/01/2017 01/20/2017 5,246,540,00002/01/2017 12/31/2016 10/14/2016 5,332,313,00010/26/2016 09/24/2016 07/15/2016 5,388,443,00007/27/2016 06/25/2016

Apple Inc

06/04/2018 28 Mergent, Inc.

Shares Outstanding Date Shares OutstandingFile Date Report Date 04/08/2016 5,477,425,00004/27/2016 03/26/2016 01/08/2016 5,544,583,00001/27/2016 12/26/2015 10/09/2015 5,575,331,00010/28/2015 09/26/2015 07/10/2015 5,702,722,00007/22/2015 06/27/2015 04/10/2015 5,761,030,00004/28/2015 03/28/2015 01/09/2015 5,824,748,00001/28/2015 12/27/2014 10/10/2014 5,864,840,00010/27/2014 09/27/2014 07/11/2014 5,987,867,00007/23/2014 06/28/2014 06/09/2014 6,029,667,000 04/11/2014 861,381,00004/24/2014 03/29/2014 01/10/2014 891,989,00001/28/2014 12/28/2013 10/18/2013 899,738,00010/30/2013 09/28/2013 07/12/2013 908,497,00007/24/2013 06/29/2013 04/12/2013 938,649,00004/24/2013 03/30/2013 01/11/2013 939,058,00001/24/2013 12/29/2012 10/19/2012 940,692,00010/31/2012 09/29/2012 07/13/2012 937,406,00007/25/2012 06/30/2012 04/13/2012 935,062,00004/25/2012 03/31/2012 01/13/2012 932,370,00001/25/2012 12/31/2011 10/14/2011 929,409,00010/26/2011 09/24/2011 07/08/2011 927,090,88607/20/2011 06/25/2011 04/08/2011 924,754,56104/21/2011 03/26/2011 01/07/2011 921,278,01201/19/2011 12/25/2010 10/15/2010 917,307,09910/27/2010 09/25/2010 07/09/2010 913,562,88007/21/2010 06/26/2010 04/09/2010 909,938,38304/21/2010 03/27/2010 01/15/2010 906,794,58901/25/2010 12/26/2009 10/16/2009 900,678,47310/27/2009 09/26/2009 07/13/2009 895,816,75807/23/2009 06/27/2009 04/13/2009 892,109,83404/23/2009 03/28/2009 01/12/2009 890,553,72901/23/2009 12/27/2008 10/24/2008 888,935,12311/05/2008 09/27/2008 09/27/2008 888,325,97310/21/2008 10/21/2008 07/11/2008 885,875,70607/23/2008 06/28/2008 04/16/2008 881,622,72505/01/2008 03/29/2008 03/29/2008 881,431,00304/23/2008 04/23/2008 01/18/2008 878,875,67102/03/2008 12/29/2007 11/02/2007 875,540,27411/15/2007 09/29/2007 07/25/2007 869,640,95508/08/2007 06/30/2007 04/25/2007 864,948,02305/10/2007 03/31/2007 01/24/2007 861,874,89402/02/2007 12/30/2006 12/13/2006 859,273,75712/29/2006 09/30/2006 04/26/2006 850,508,14405/05/2006 04/01/2006 01/25/2006 848,612,35902/03/2006 12/31/2005 11/18/2005 842,767,94812/01/2005 09/24/2005 07/22/2005 829,829,29608/03/2005 06/25/2005 04/22/2005 823,933,91605/04/2005 03/26/2005 02/28/2005 817,171,94002/28/2005 02/28/2005 01/25/2005 408,585,97002/01/2005 12/25/2004 11/19/2004 402,057,85612/03/2004 09/25/2004

Apple Inc

06/04/2018 29 Mergent, Inc.

Shares Outstanding Date Shares OutstandingFile Date Report Date 07/30/2004 387,925,07808/05/2004 06/26/2004 04/30/2004 380,042,27405/06/2004 03/27/2004 01/30/2004 369,730,22302/10/2004 12/27/2003 12/05/2003 367,734,96012/19/2003 09/27/2003 08/01/2003 362,500,92508/12/2003 06/28/2003 05/02/2003 365,611,41405/13/2003 03/29/2003 01/31/2003 360,478,57302/10/2003 12/28/2002 12/06/2002 359,135,58412/19/2002 09/28/2002 07/26/2002 358,885,90508/09/2002 06/29/2002 05/03/2002 355,700,21705/14/2002 03/30/2002 02/01/2002 353,382,953 12/07/2001 351,722,532 08/03/2001 350,812,367 01/30/2001 346,028,976 12/01/2000 335,881,977 07/21/2000 324,969,055 06/21/2000 323,322,31006/21/2000 06/21/2000 01/21/2000 161,661,155 09/25/1998 135,192,769

Recent Dividends Amount Record Date ExDiv Date Pay Date 0.73 05/01/2018 05/11/2018 05/17/2018 0.63 02/01/2018 02/09/2018 02/15/2018 0.63 11/02/2017 11/10/2017 11/16/2017 0.63 08/01/2017 08/10/2017 08/17/2017 0.63 05/02/2017 05/11/2017 05/18/2017 0.57 01/31/2017 02/09/2017 02/16/2017 0.57 10/25/2016 11/03/2016 11/10/2016 0.57 07/26/2016 08/04/2016 08/11/2016 0.57 04/26/2016 05/05/2016 05/12/2016 0.52 01/26/2016 02/04/2016 02/11/2016 0.52 10/27/2015 11/05/2015 11/12/2015 0.52 07/21/2015 08/06/2015 08/13/2015 0.52 04/27/2015 05/07/2015 05/14/2015 0.47 01/27/2015 02/05/2015 02/12/2015 0.47 10/20/2014 11/06/2014 11/13/2014 0.47 07/22/2014 08/07/2014 08/14/2014 3.29 04/23/2014 05/08/2014 05/15/2014 3.05 01/27/2014 02/06/2014 02/13/2014 3.05 10/28/2013 11/06/2013 11/14/2013 3.05 07/23/2013 08/08/2013 08/15/2013

Issue Additional Identifiers Identifier Name Identifier Secondary Ticker - Secondary Exchange 0R2V - LON

Apple Inc

06/04/2018 30 Mergent, Inc.

Long Term Debt

Sept. 30, 2017, $104,021,000,000 (including current portion of $6,496,000,000 and unamortized discount of $225,000,000 and

hedge accounting fair value adjustments of $93,000,000) comprised of:

-- 01 -- $2,000,000,000 senior unsecured floating-rate notes, bearing interest at floating rate (effective interest rate at 1.10%),

due 2018.

-- 02 -- $12,500,000,000,000 senior unsecured fixed-rate notes, bearing interest at fixed rates ranging from 1.00% to 3.85%

(effective interest rates ranging from 1.08% to 3.91%), due from 2018 to 2043.

-- 03 -- $1,000,000,000 senior unsecured floating-rate notes, bearing interest at floating rate (effective interest rate at 1.61%),

due 2019.

-- 04 -- $8,500,000,000 senior unsecured fixed-rate notes, bearing interest at fixed rates ranging from 2.10% to 4.45%

(effective interest rates ranging from 1.61% to 4.48%), due from 2019 to 2044.

-- 05 -- $1,549,000,000 senior unsecured floating rate notes, bearing interest at floating rate (effective interest rates ranging

from 1.56% to 1.87%), due from 2019 to 2020.

-- 06 -- $24,522,000,000 senior unsecured fixed rate notes, bearing interest at rates ranging from 0.35% to 4.375% (effective

interest rates ranging from 0.28% to 4.51%), due from 2019 to 2045.

-- 07 -- $1,350,000,000 floating-rate senior unsecured notes, bearing interest at floating rate (effective interest rates ranging

from 1.45% to 2.44%), due from 2019 to 2021.

-- 08 -- $23,645,000,000 fixed rate senior unsecured notes, bearing interest at fixed rates ranging from 1.10% to 4.65%

(effective interest rates ranging from 1.13% to 4.78%), due from 2018 to 2046.

-- 09 -- $500,000,000 floating-rate senior unsecured notes, with effective interest rate of 1.39%, due 2019.

Apple Inc

06/04/2018 31 Mergent, Inc.

-- 10 -- $500,000,000 floating-rate senior unsecured notes, with effective interest rate of 1.51%, due 2020.

-- 11 -- $1,000,000,000 floating-rate senior unsecured notes, with effective interest rate of 1.81%, due 2022.

-- 12 -- $500,000,000 1.55% fixed-rate senior unsecured notes, with effective interest rate of 1.59%, due 2019.

-- 13 -- $1,000,000,000 1.90% fixed-rate senior unsecured notes, with effective interest rate of 1.51%, due 2020.

-- 14 -- $1,500,000,000 2.50% fixed-rate senior unsecured notes, with effective interest rate of 1.80%, due 2022.

-- 15 -- $1,750,000,000 3.00% fixed-rate senior unsecured notes, with effective interest rate of 2.11%, due 2024.

-- 16 -- $2,250,000,000 3.35% fixed-rate senior unsecured notes, with effective interest rate of 2.25%, due 2027.

-- 17 -- $1,000,000,000 4.25% fixed-rate senior unsecured notes, with effective interest rate of 4.26%, due 2047.

-- 18 -- $1,000,000,000 4.30% fixed-rate senior unsecured notes, with effective interest rate of 4.30%, due 2047.

-- 19 -- $500,000,000 floating-rate senior unsecured notes, with effective interest rate of 1.38%, due 2020.

-- 20 -- $750,000,000 floating-rate senior unsecured notes, with effective interest rate of 1.66%, due 2022.

-- 21 -- $1,000,000,000 1.80% fixed-rate senior unsecured notes, with effective interest rate of 1.84%, due 2020.

-- 22 -- $1,000,000,000 2.30% fixed-rate senior unsecured notes, with effective interest rate of 2.34%, due 2022.

-- 23 -- $1,750,000,000 2.85% fixed-rate senior unsecured notes, with effective interest rate of 2.25%, due 2024.

-- 24 -- 2,000,000,000 3.20% fixed-rate senior unsecured notes, with effective interest rate of 2.43%, due 2027.

-- 25 -- $1,469,000,000 0.875% Euro-denominated fixed-rate senior unsecured notes, with effective interest rate of 3.03%, due

2025.

-- 26 -- $1,469,000,000 1.375% Euro-denominated fixed-rate senior unsecured notes, with effective interest rate of 3.37%, due

2029.

-- 27 -- $1,000,000,000 3.00% fixed-rate senior unsecured notes, with effective interest rate of 3.03%, due 2027.

-- 28 -- $2,017,000,000 2.513% fixed-rate senior unsecured notes, with effective interest rate of 2.66%, due 2024.

-- 29 -- $1,000,000,000 1.50% fixed-rate senior unsecured notes, with effective interest rate of 1.54%, due 2019.

-- 30 -- $1,000,000,000 2.10% fixed-rate senior unsecured notes, with effective interest rate of 1.92%, due 2022.

-- 31 -- $2,000,000,000 2.90% fixed-rate senior unsecured notes, with effective interest rate of 2.55%, due 2027.

-- 32 -- $1,000,000,000 3.75% fixed-rate senior unsecured notes, with effective interest rate of 3.78%, due 2047.

Apple Inc

06/04/2018 32 Mergent, Inc.

Expanded Long Term Debt CUSIP Issuer Name Issue Description Ticker Coupon 037833AC4 APPLE COMPUTER INCORPORATED SUB NT CONV AAPL 6 037833AA8 APPLE COMPUTER INCORPORATED NT AAPL 6.5

CUSIP Maturity Active 037833AC4 06/01/2001 No 037833AA8 02/15/2004 No

Subsidiaries

SUBSIDIARY NAME PERCENT OWNED COUNTRY Subsidiaries Subsidiaries Apple Sales International 100% Ireland Apple Operations International 100% Ireland Apple Operations Europe 100% Ireland Braeburn Capital, Inc. 100% United States Apple Operations 100% Ireland Apple Computer Trading (Shanghai) 100% China (Peoples Co., Ltd. Rep. Of) Apple Distribution International 100% Ireland

Property

Co. maintains its principal executive offices in Cupertino, CA.

As of Sept. 30, 2017, Co. owned 13,400,000 sq. ft. and leased 23,000,000 sq. ft. of building space, primarily in the U.S.

Additionally, Co. owned a total of 4,928 acres of land, primarily in the U.S.

As of Sept. 30, 2017, Co. owned facilities and land for corporate functions, R&D and data centers at various locations

throughout the U.S. Outside the U.S., Co. owned additional facilities and land for various purposes.

Principal Executive Offices One Apple Park Way Cupertino, CA 95014 United States

Competitors (USA)

Company Name Revenues Gross Margin Net Income Apple Inc 229,234,000,000 38.47 48,351,000,000 Dell Technologies Inc 78,660,000,000 25.49 (3,728,000,000) Intel Corp 62,761,000,000 62.25 9,601,000,000 HP Inc 52,056,000,000 18.40 2,526,000,000 Oracle Corp 37,728,000,000 80.20 9,335,000,000 Motorola Solutions Inc 6,380,000,000 47.40 (155,000,000) Unisys Corp. 2,741,800,000 17.44 (65,300,000)

Apple Inc

06/04/2018 33 Mergent, Inc.

Company Name Revenues Gross Margin Net Income Super Micro Computer Inc 2,215,573,000 14.96 72,021,000 Fitbit Inc 1,615,519,000 42.77 (277,192,000) Mercury Systems Inc 408,588,000 46.88 24,875,000 Cray Inc 392,509,000 33.30 (133,829,000) ForeScout Technologies Inc 220,871,000 73.35 (91,205,000) Digi International Inc 181,634,000 47.99 9,366,000 Intevac, Inc. 112,847,000 40.46 4,118,000 Display Technologies Inc 91,813,257 28.97 25,375 Xplore Technologies Corp. 77,928,000 28.20 (2,552,000) Incomnet Inc 54,868,000 36.85 (19,108,000) Echelon Corp. 31,667,000 55.74 (4,623,000) CCUR Holdings Inc 27,647,000 54.96 28,381,000 One Stop Systems Inc 27,538,333 31.46 96,620 Socket Mobile Inc 21,285,800 53.51 (1,430,731) Micronet Enertec Technologies 18,366,000 23.26 (8,157,000) Inc Profit Technology, Inc. 16,855,998 9.09 (14,835,335) Silicon Mountain Holdings Inc 16,140,379 14.74 (10,727,374) Barrister Global Services 13,335,000 23.54 (423,000) Network, Inc.

Company Name EBITDA Total Assets Total Liabilities Apple Inc 71,368,000,000 375,319,000,000 241,272,000,000 Dell Technologies Inc 1,312,000,000 122,281,000,000 112,571,000,000 Intel Corp 28,948,000,000 123,249,000,000 53,364,000,000 HP Inc 3,939,000,000 32,913,000,000 36,321,000,000 Oracle Corp 15,082,000,000 134,991,000,000 81,131,000,000 Motorola Solutions Inc 1,620,000,000 8,208,000,000 9,950,000,000 Unisys Corp. 200,300,000 2,542,400,000 3,897,100,000 Super Micro Computer Inc 120,132,000 1,165,600,000 444,405,000 Fitbit Inc (147,348,000) 1,582,075,000 758,112,000 Mercury Systems Inc 70,443,000 815,745,000 90,328,000 Cray Inc (41,766,000) 618,757,000 218,460,000 ForeScout Technologies Inc (82,043,000) 295,662,000 241,126,000 Digi International Inc 14,380,000 345,189,000 26,045,000 Intevac, Inc. 5,685,000 115,023,000 32,360,000 Display Technologies Inc 4,115,006 75,189,802 46,759,414 Xplore Technologies Corp. (679,000) 45,685,000 16,403,000 Incomnet Inc (12,603,000) 24,420,000 40,218,000 Echelon Corp. (3,699,000) 31,539,000 9,906,000 CCUR Holdings Inc (10,820,000) 57,807,000 14,338,000 One Stop Systems Inc 21,634 16,917,214 10,734,285 Socket Mobile Inc 2,731,368 19,854,046 2,623,623 Micronet Enertec Technologies (3,748,000) 29,732,000 29,353,000 Inc Profit Technology, Inc. (12,250,777) 12,602,672 17,348,487 Silicon Mountain Holdings Inc (7,194,586) 5,867,820 10,294,859 Barrister Global Services (297,000) 8,067,000 4,243,000 Network, Inc.

Apple Inc

06/04/2018 34 Mergent, Inc.

Company Name PE Ratio Market Cap Employees Share Price Apple Inc 18.3629 935,056 M 123,000 190.24 Dell Technologies Inc 61.0432 16,915 M 145,000 84.85 Intel Corp 24.6035 2,659,928 M 102,700 57.08 HP Inc 9.9039 37,226 M 49,000 22.68 Oracle Corp 57.7439 193,298 M 138,000 47.35 Motorola Solutions Inc - 17,691 M 15,000 109.11 Unisys Corp. - 629 M 20,000 12.35 Super Micro Computer Inc - 1,188 M 2,655 24.40 Fitbit Inc - 1,159 M 1,749 5.52 Mercury Systems Inc 44.2857 1,793 M 1,159 37.20 Cray Inc - 1,037 M 1,273 25.50 ForeScout Technologies Inc - 1,207 M 813 30.05 Digi International Inc 131.6667 322 M 514 11.85 Intevac, Inc. - 105 M 281 4.70 Display Technologies Inc - 856 - 0.00 Xplore Technologies Corp. 63.2 35 M 88 3.16 Incomnet Inc - 1,993 112 0.00 Echelon Corp. - 19 M 74 4.24 CCUR Holdings Inc 0.9525 48 M 110 5.21 One Stop Systems Inc - 59 M 75 4.60 Socket Mobile Inc - 15 M 56 2.52 Micronet Enertec Technologies - 13 M 162 1.37 Inc Profit Technology, Inc. - 6,450 T 110 0.44 Silicon Mountain Holdings Inc - 65 T 31 0.00 Barrister Global Services - 2 97 0.00 Network, Inc.

Financial Highlights

Financial Highlights as of 09/30/2017 in USD Income Statement (In Thousands) Total Revenue 229,234,000 EBITDA 71,368,000 Operating Income 61,344,000 Net Income 48,351,000 Revenue per Share 43.23 EPS from Continuing Operations 9.21 EPS - Net Income - Diluted 9.21 Share Outstanding 5,126,201 Weighted Average Shares Outstanding - Basic 5,217,242 Weighted Average Shares Outstanding - Diluted 5,251,692 Earnings per Share - Basic 9.27 Balance Sheet (In Thousands) Total Assets 375,319,000 Current Assets 128,645,000 Total Liabilities 241,272,000 Long Term Debt 97,207,000 Stockholders' Equity 134,047,000

Apple Inc

06/04/2018 35 Mergent, Inc.

Total Assets per Share 73.22 Current Liabilities 100,814,000 Net Assets per Share 26.15 Cash Flow Statement (In Thousands) Cash from Operations 63,598,000 Cash from Investing (46,446,000) Cash from Financing (17,347,000) Capital Expenditures 12,451,000 Cash Flow per Share 12.11 Cash & Cash Equivalents, Beginning of Year 20,484,000 Cash & Cash Equivalents, End of Year 20,289,000 Stock Price and Valuation (Data as of 06/01/2018) Market Cap(mil) 935,056 Share Outstanding(000's) 4,915,138 PE Ratio 18.3629 Dividend Per Share(TTM) 2.62 Earning Per Share(TTM) 10.44 Last Closing Price 190.24 Previous Trading Day Range 187.75 - 190.26 52 Week Range 142.27 - 190.24 7 Day Average Closing Price 188.22 30 Day Average Closing Price 186.50 200 Day Average Closing Price 174.04 Beta 1.14 High Price Last 3 Mos. 190.24 Low Price Last 3 Mos. 162.32 Avg Daily Volume Last 3 Mos. 30,729,904.38

Management Effectiveness Revenue per Employee 1,833,551 Net Income per Employee 386,740 ROA % (Net) 13.65 ROE % (Net) 36.27 ROI % (Operating) 25.96 Profitability Ratios Gross Margin 38.47 Operating Margin 26.76 EBITDA Margin % 31.13 Calculated Tax Rate % 24.56 Profit Margin (TTM) 21.09 Valuation Ratios Price/Earnings (TTM) 16.90 Price/Book (TTM) 5.89 Price/Cash Flow(TTM) 12.85 Asset Management Total Asset Turnover 0.65 Receivables Turnover 6.94 Inventory Turnover 40.37 Property Plant & Equip Turnover 7.42 Cash & Equivalents Turnover 11.06 Debt Management

Apple Inc

06/04/2018 36 Mergent, Inc.

Long Term Debt/Equity 0.73 Long Term Debt as % of Invested Capital 38.93 Total Debt/Equity 0.86 Accounts Payable Turnover 5.22 Accrued Expenses Turnover 9.44 Liquidity Indicators Quick Ratio 1.09 Current Ratio 1.28 Net Current Assets as % of Total Assets 7.42 Free Cash Flow per Share 9.64 Revenue to Assets 0.61 Consensus Estimates 2018Ae 2018Q2e 2018Q3e Earnings Per Share 11.47 2.17 2.63 Revenue 261,081.40 52,387.50 59,280.49 EBITDA 80,202.12 14,990.10 17,527.00

3 yr As Reported Annuals Income Statement

Exchange rate used is that of the Year End reported date

As Reported Annual Income Statement Report Date 09/30/2017 09/24/2016 09/26/2015 Currency USD USD USD Audit Status Not Qualified Not Qualified Not Qualified Consolidated Yes Yes Yes Scale Thousands Thousands Thousands Net sales 229,234,000 215,639,000 233,715,000 Cost of sales 141,048,000 131,376,000 140,089,000 Gross margin 88,186,000 84,263,000 93,626,000 Research & development expense 11,581,000 10,045,000 8,067,000 Selling, general & administrative 15,261,000 14,194,000 14,329,000 expense Total operating expenses 26,842,000 24,239,000 22,396,000 Operating income (loss) 61,344,000 60,024,000 71,230,000 Interest & dividend income 5,201,000 3,999,000 2,921,000 Interest expense 2,323,000 1,456,000 733,000 Other income (expense), net (133,000) (1,195,000) (903,000) Other income (expenses), net 2,745,000 1,348,000 1,285,000 Income (loss) before provision for 64,089,000 61,372,000 72,515,000 income taxes Current federal income tax expense 7,842,000 7,652,000 11,730,000 (benefit) Deferred federal income tax expense 5,980,000 5,043,000 3,408,000 (benefit) Total federal income tax expense 13,822,000 12,695,000 15,138,000 (benefit) Current state income tax expense 259,000 990,000 1,265,000 (benefit) Deferred state income tax expense 2,000 (138,000) (220,000) (benefit) Total state income tax expense (benefit) 261,000 852,000 1,045,000 Current foreign income tax expense 1,671,000 2,105,000 4,744,000

Apple Inc

06/04/2018 37 Mergent, Inc.

Report Date 09/30/2017 09/24/2016 09/26/2015 Currency USD USD USD Audit Status Not Qualified Not Qualified Not Qualified Consolidated Yes Yes Yes Scale Thousands Thousands Thousands (benefit) Deferred foreign income tax expense (16,000) 33,000 (1,806,000) (benefit) Total foreign income tax expense 1,655,000 2,138,000 2,938,000 (benefit) Provision for (benefit from) income 15,738,000 15,685,000 19,121,000 taxes Net income (loss) 48,351,000 45,687,000 53,394,000 Weighted average shares outstanding - 5,217,242 5,470,820 5,753,421 basic Weighted average shares outstanding - 5,251,692 5,500,281 5,793,069 diluted Year end shares outstanding 5,126,201 5,336,166 5,578,753 Net earnings (loss) per common share - 9.27 8.35 9.28 basic Net earnings (loss) per common share - 9.21 8.31 9.22 diluted Cash dividends declared per common share 2.4 2.18 1.98 Number of full time employees 123,000 116,000 110,000 Number of common stockholders 25,333 25,641 25,924 Foreign currency translation adjustments 224,000 75,000 (411,000)

3 yr As Reported Annuals Balance Sheet

Exchange rate used is that of the Year End reported date

As Reported Annual Balance Sheet Report Date 09/30/2017 09/24/2016 09/26/2015 Currency USD USD USD Audit Status Not Qualified Not Qualified Not Qualified Consolidated Yes Yes Yes Scale Thousands Thousands Thousands Cash & cash equivalents 20,289,000 20,484,000 21,120,000 Short-term marketable securities 53,892,000 46,671,000 20,481,000 Accounts receivable, gross 17,932,000 15,807,000 16,931,000 Allowances 58,000 53,000 82,000 Accounts receivable, net 17,874,000 15,754,000 16,849,000 Finished goods - 2,132,000 2,349,000 Inventories 4,855,000 2,132,000 2,349,000 Deferred tax assets - - 5,546,000 Vendor non-trade receivables 17,799,000 13,545,000 13,494,000 Other current assets 13,936,000 8,283,000 9,539,000 Total current assets 128,645,000 106,869,000 89,378,000 Long-term marketable securities 194,714,000 170,430,000 164,065,000 Land & buildings 13,587,000 10,185,000 6,956,000 Machinery, equipment, & 54,210,000 44,543,000 37,038,000 internal-use software

Apple Inc

06/04/2018 38 Mergent, Inc.

Report Date 09/30/2017 09/24/2016 09/26/2015 Currency USD USD USD Audit Status Not Qualified Not Qualified Not Qualified Consolidated Yes Yes Yes Scale Thousands Thousands Thousands Leasehold improvements 7,279,000 6,517,000 5,263,000 Gross property, plant & equipment 75,076,000 61,245,000 49,257,000 Accumulated depreciation & 41,293,000 34,235,000 26,786,000 amortization Property, plant & equipment, net 33,783,000 27,010,000 22,471,000 Goodwill 5,717,000 5,414,000 5,116,000 Acquired intangible assets, net 2,298,000 3,206,000 3,893,000 Other non-current assets 10,162,000 8,757,000 5,556,000 Total assets 375,319,000 321,686,000 290,479,000 Accounts payable 49,049,000 37,294,000 35,490,000 Accrued expenses 25,744,000 22,027,000 25,181,000 Deferred revenue 7,548,000 8,080,000 8,940,000 Commercial paper 11,977,000 8,105,000 8,499,000 Current portion of long-term debt 6,496,000 3,500,000 2,500,000 Total current liabilities 100,814,000 79,006,000 80,610,000 Deferred revenue - non-current 2,836,000 2,930,000 3,624,000 Floating & fixed-rate notes 104,021,000 78,384,000 55,701,000 Total debt 104,021,000 78,384,000 55,701,000 Unamortized discount (225,000) (174,000) (114,000) Hedge accounting fair value adjustments (93,000) 717,000 376,000 Less: current portion of long-term debt 6,496,000 3,500,000 2,500,000 Long-term debt 97,207,000 75,427,000 53,463,000 Deferred tax liabilities 31,504,000 26,019,000 24,062,000 Other non-current liabilities 8,911,000 10,055,000 9,365,000 Other non-current liabilities 40,415,000 36,074,000 33,427,000 Total liabilities 241,272,000 193,437,000 171,124,000 Common stock 35,867,000 31,251,000 27,416,000 Retained earnings 98,330,000 96,364,000 92,284,000 Cumulative foreign currency translation (354,000) (578,000) (653,000) Unrecognized gains (losses) on (124,000) 38,000 772,000 derivative instruments Unrealized gains (losses) on marketable 328,000 1,174,000 (464,000) securities Accumulated other comprehensive income (150,000) 634,000 (345,000) (loss) Total shareholders' equity 134,047,000 128,249,000 119,355,000

3 yr As Reported Annuals Cash Flows

Exchange rate used is that of the Year End reported date

As Reported Annual Cash Flow Report Date 09/30/2017 09/24/2016 09/26/2015 Currency USD USD USD Audit Status Not Qualified Not Qualified Not Qualified Consolidated Yes Yes Yes Scale Thousands Thousands Thousands

Apple Inc

06/04/2018 39 Mergent, Inc.

Report Date 09/30/2017 09/24/2016 09/26/2015 Currency USD USD USD Audit Status Not Qualified Not Qualified Not Qualified Consolidated Yes Yes Yes Scale Thousands Thousands Thousands Cash & cash equivalents, beginning 20,484,000 21,120,000 13,844,000 of the year Net income (loss) 48,351,000 45,687,000 53,394,000 Depreciation & amortization 10,157,000 10,505,000 11,257,000 Share-based compensation expense 4,840,000 4,210,000 3,586,000 Deferred income tax expense (benefit) 5,966,000 4,938,000 1,382,000 Other adjustments (166,000) - - Accounts receivable, net (2,093,000) 1,095,000 611,000 Inventories (2,723,000) 217,000 (238,000) Vendor non-trade receivables (4,254,000) (51,000) (3,735,000) Other current & non-current assets (5,318,000) 1,090,000 (179,000) Accounts payable 9,618,000 1,791,000 5,400,000 Deferred revenue (626,000) (1,554,000) 1,042,000 Other current & non-current (154,000) (2,104,000) 8,746,000 liabilities Net cash flows from operating activities 63,598,000 65,824,000 81,266,000 Purchases of marketable securities (159,486,000) (142,428,000) (166,402,000) Proceeds from maturities of marketable 31,775,000 21,258,000 14,538,000 securities Proceeds from sales of marketable 94,564,000 90,536,000 107,447,000 securities Payments made in connection with (329,000) (297,000) (343,000) business acquisitions, net Payment for acquisition of property, (12,451,000) (12,734,000) (11,247,000) plant & equipment Payment for acquisition of intangible (344,000) (814,000) (241,000) assets Payments for strategic investments (395,000) (1,388,000) - Other cash flow from investing 220,000 (110,000) (26,000) activities Net cash flows from investing activities (46,446,000) (45,977,000) (56,274,000) Proceeds from issuance of common stock 555,000 495,000 543,000 Excess tax benefits from equity awards 627,000 407,000 749,000 Payments for taxes related to net share (1,874,000) (1,570,000) (1,499,000) settlement of equity awards Payments for dividends & dividend (12,769,000) (12,150,000) (11,561,000) equivalent paid Repurchases of common stock (32,900,000) (29,722,000) (35,253,000) Proceeds from issuance of term debt, net 28,662,000 24,954,000 27,114,000 Repayments of term debt (3,500,000) (2,500,000) - Change in commercial paper, net 3,852,000 (397,000) 2,191,000 Net cash flows from financing activities (17,347,000) (20,483,000) (17,716,000) Increase (decrease) in cash & cash (195,000) (636,000) 7,276,000 equivalents Cash & cash equivalents, end of the 20,289,000 20,484,000 21,120,000 year

Apple Inc

06/04/2018 40 Mergent, Inc.

Report Date 09/30/2017 09/24/2016 09/26/2015 Currency USD USD USD Audit Status Not Qualified Not Qualified Not Qualified Consolidated Yes Yes Yes Scale Thousands Thousands Thousands Cash paid (received) for income taxes, 11,591,000 10,444,000 13,252,000 net Cash paid during the year for interest 2,092,000 1,316,000 514,000

3 yr As Reported Quarters Income Statement

Exchange rate used is that of the Year End reported date

As Reported Quarterly Income Statement Report Date 03/31/2018 12/30/2017 07/01/2017

2nd Quarter 1st Quarter 3rd Quarter Currency USD USD USD Audit Status Unaudited Unaudited Unaudited Consolidated Yes Yes Yes Scale Thousands Thousands Thousands Net sales 61,137,000 88,293,000 45,408,000 Cost of sales 37,715,000 54,381,000 27,920,000 Gross margin 23,422,000 33,912,000 17,488,000 Research & development expenses 3,378,000 3,407,000 2,937,000 Selling, general & administrative 4,150,000 4,231,000 3,783,000 expenses Total operating expenses 7,528,000 7,638,000 6,720,000 Operating income (loss) 15,894,000 26,274,000 10,768,000 Interest & dividend income 1,505,000 1,452,000 1,327,000 Interest expense 792,000 734,000 602,000 Other expense, net - - 185,000 Other income (expense), net (439,000) 38,000 - Other income (expense), net 274,000 756,000 540,000 Income (loss) before provision for 16,168,000 27,030,000 11,308,000 income taxes Provision for (benefit from) income 2,346,000 6,965,000 2,591,000 taxes Net income (loss) 13,822,000 20,065,000 8,717,000 Weighted average shares outstanding - 5,024,877 5,112,877 5,195,088 basic Weighted average shares outstanding - 5,068,493 5,157,787 5,233,499 diluted Year end shares outstanding 4,943,282 5,081,651 5,169,782 Net earnings (loss) per share - basic 2.75 3.92 1.68 Net earnings (loss) per share - diluted 2.73 3.89 1.67 Cash dividends declared per share 0.63 0.63 0.63

Report Date 04/01/2017 12/31/2016 06/25/2016 2nd Quarter 1st Quarter 3rd Quarter

Currency USD USD USD Audit Status Unaudited Unaudited Unaudited Consolidated Yes Yes Yes

Apple Inc

06/04/2018 41 Mergent, Inc.

Report Date 04/01/2017 12/31/2016 06/25/2016 2nd Quarter 1st Quarter 3rd Quarter

Currency USD USD USD Audit Status Unaudited Unaudited Unaudited Consolidated Yes Yes Yes Scale Thousands Thousands Thousands Net sales 52,896,000 78,351,000 42,358,000 Cost of sales 32,305,000 48,175,000 26,252,000 Gross margin 20,591,000 30,176,000 16,106,000 Research & development expenses 2,776,000 2,871,000 2,560,000 Selling, general & administrative 3,718,000 3,946,000 3,441,000 expenses Total operating expenses 6,494,000 6,817,000 6,001,000 Operating income (loss) 14,097,000 23,359,000 10,105,000 Interest & dividend income 1,282,000 1,224,000 1,036,000 Interest expense 530,000 525,000 409,000 Other expense, net - - 263,000 Other income (expense), net (165,000) 122,000 - Other income (expense), net 587,000 821,000 364,000 Income (loss) before provision for 14,684,000 24,180,000 10,469,000 income taxes Provision for (benefit from) income 3,655,000 6,289,000 2,673,000 taxes Net income (loss) 11,029,000 17,891,000 7,796,000 Weighted average shares outstanding - 5,225,791 5,298,661 5,443,058 basic Weighted average shares outstanding - 5,261,688 5,327,995 5,472,781 diluted Year end shares outstanding 5,205,815 5,255,423 5,393,165 Net earnings (loss) per share - basic 2.11 3.38 1.43 Net earnings (loss) per share - diluted 2.1 3.36 1.42 Cash dividends declared per share 0.57 0.57 0.57

Report Date 03/26/2016 12/26/2015 2nd Quarter 1st Quarter

Currency USD USD Audit Status Unaudited Unaudited Consolidated Yes Yes Scale Thousands Thousands Net sales 50,557,000 75,872,000 Cost of sales 30,636,000 45,449,000 Gross margin 19,921,000 30,423,000 Research & development expenses 2,511,000 2,404,000 Selling, general & administrative 3,423,000 3,848,000 expenses Total operating expenses 5,934,000 6,252,000 Operating income (loss) 13,987,000 24,171,000 Interest & dividend income 986,000 941,000 Interest expense 321,000 276,000 Other expense, net - - Other income (expense), net (510,000) (263,000)

Apple Inc

06/04/2018 42 Mergent, Inc.

Report Date 03/26/2016 12/26/2015 2nd Quarter 1st Quarter

Currency USD USD Audit Status Unaudited Unaudited Consolidated Yes Yes Scale Thousands Thousands Other income (expense), net 155,000 402,000 Income (loss) before provision for 14,142,000 24,573,000 income taxes Provision for (benefit from) income 3,626,000 6,212,000 taxes Net income (loss) 10,516,000 18,361,000 Weighted average shares outstanding - 5,514,381 5,558,930 basic Weighted average shares outstanding - 5,540,886 5,594,127 diluted Year end shares outstanding 5,478,446 5,544,487 Net earnings (loss) per share - basic 1.91 3.3 Net earnings (loss) per share - diluted 1.9 3.28 Cash dividends declared per share 0.52 0.52

3 yr As Reported Quarters Balance Sheet

Exchange rate used is that of the Year End reported date

As Reported Quarterly Balance Sheet Report Date 03/31/2018 12/30/2017 07/01/2017

2nd Quarter 1st Quarter 3rd Quarter Currency USD USD USD Audit Status Unaudited Unaudited Unaudited Consolidated Yes Yes Yes Scale Thousands Thousands Thousands Cash & cash equivalents 45,059,000 27,491,000 18,571,000 Short-term marketable securities 42,881,000 49,662,000 58,188,000 Accounts receivable, gross 14,384,000 23,499,000 12,452,000 Less allowances 60,000 59,000 53,000 Accounts receivable, net 14,324,000 23,440,000 12,399,000 Components 5,186,000 - - Finished goods 2,476,000 - - Inventories 7,662,000 4,421,000 3,146,000 Vendor non-trade receivables 8,084,000 27,459,000 10,233,000 Other current assets 12,043,000 11,337,000 10,338,000 Total current assets 130,053,000 143,810,000 112,875,000 Long-term marketable securities 179,286,000 207,944,000 184,757,000 Land & buildings 14,931,000 14,189,000 12,529,000 Machinery, equipment & internal-use 57,784,000 55,479,000 49,491,000 software Leasehold improvements 7,787,000 7,442,000 6,961,000 Gross property, plant & equipment 80,502,000 77,110,000 68,981,000 Accumulated depreciation & 45,425,000 43,431,000 39,695,000 amortization Property, plant & equipment, net 35,077,000 33,679,000 29,286,000

Apple Inc

06/04/2018 43 Mergent, Inc.

Report Date 03/31/2018 12/30/2017 07/01/2017 2nd Quarter 1st Quarter 3rd Quarter

Currency USD USD USD Audit Status Unaudited Unaudited Unaudited Consolidated Yes Yes Yes Scale Thousands Thousands Thousands Goodwill - 5,889,000 5,661,000 Acquired intangible assets, net - 2,149,000 2,444,000 Other non-current assets 23,086,000 13,323,000 10,150,000 Total assets 367,502,000 406,794,000 345,173,000 Accounts payable 34,311,000 62,985,000 31,915,000 Accrued expenses - 26,281,000 - Accrued expenses 26,756,000 - 23,304,000 Deferred revenue 7,775,000 8,044,000 7,608,000 Commercial paper 11,980,000 11,980,000 11,980,000 Current portion of long-term debt 8,498,000 6,498,000 6,495,000 Total current liabilities 89,320,000 115,788,000 81,302,000 Deferred revenue, non-current 3,087,000 3,131,000 2,984,000 Notes 111,137,000 111,033,000 96,589,000 Unamortized premium (discount) & (236,000) (246,000) (210,000) issuance costs, net Hedge accounting fair value adjustments (1,041,000) (367,000) (20,000) Less: current portion of long-term debt 8,498,000 6,498,000 6,495,000 Long-term debt 101,362,000 103,922,000 89,864,000 Long-term taxes payable 34,913,000 34,913,000 - Deferred tax liabilities 548,000 548,000 30,191,000 Other non-current liabilities 11,394,000 8,293,000 8,407,000 Other non-current liabilities 46,855,000 43,754,000 38,598,000 Total liabilities 240,624,000 266,595,000 212,748,000 Common stock - - 34,445,000 Common stock & additional paid-in 38,044,000 36,447,000 - capital Retained earnings (accumulated deficit) 91,898,000 104,593,000 98,525,000 Cumulative foreign currency translation (227,000) (314,000) (619,000) Unrealized gains (losses) on derivative (139,000) 66,000 (95,000) instruments Unrealized gains (losses) on marketable (2,698,000) (593,000) 169,000 securities Accumulated other comprehensive income (3,064,000) (841,000) (545,000) (loss) Total shareholders' equity 126,878,000 140,199,000 132,425,000

Report Date 04/01/2017 12/31/2016 06/25/2016 2nd Quarter 1st Quarter 3rd Quarter

Currency USD USD USD Audit Status Unaudited Unaudited Unaudited Consolidated Yes Yes Yes Scale Thousands Thousands Thousands Cash & cash equivalents 15,157,000 16,371,000 18,237,000 Short-term marketable securities 51,944,000 44,081,000 43,519,000 Accounts receivable, gross 11,632,000 14,110,000 11,769,000

Apple Inc

06/04/2018 44 Mergent, Inc.

Report Date 04/01/2017 12/31/2016 06/25/2016 2nd Quarter 1st Quarter 3rd Quarter

Currency USD USD USD Audit Status Unaudited Unaudited Unaudited Consolidated Yes Yes Yes Scale Thousands Thousands Thousands Less allowances 53,000 53,000 55,000 Accounts receivable, net 11,579,000 14,057,000 11,714,000 Components - - - Finished goods - - - Inventories 2,910,000 2,712,000 1,831,000 Vendor non-trade receivables 9,033,000 13,920,000 7,328,000 Other current assets 11,367,000 12,191,000 11,132,000 Total current assets 101,990,000 103,332,000 93,761,000 Long-term marketable securities 189,740,000 185,638,000 169,764,000 Land & buildings 11,746,000 10,932,000 9,108,000 Machinery, equipment & internal-use 46,688,000 45,309,000 42,550,000 software Leasehold improvements 6,690,000 6,518,000 6,333,000 Gross property, plant & equipment 65,124,000 62,759,000 57,991,000 Accumulated depreciation & 37,961,000 36,249,000 32,543,000 amortization Property, plant & equipment, net 27,163,000 26,510,000 25,448,000 Goodwill 5,473,000 5,423,000 5,261,000 Acquired intangible assets, net 2,617,000 2,848,000 3,506,000 Other non-current assets 7,549,000 7,390,000 7,862,000 Total assets 334,532,000 331,141,000 305,602,000 Accounts payable 28,573,000 38,510,000 26,318,000 Accrued expenses - 23,739,000 - Accrued expenses 23,096,000 - 20,820,000 Deferred revenue 7,682,000 7,889,000 8,352,000 Commercial paper 9,992,000 10,493,000 12,496,000 Current portion of long-term debt 3,999,000 3,499,000 3,500,000 Total current liabilities 73,342,000 84,130,000 71,486,000 Deferred revenue, non-current 3,107,000 3,163,000 3,064,000 Notes 88,919,000 77,378,000 71,565,000 Unamortized premium (discount) & (184,000) (166,000) 14,000 issuance costs, net Hedge accounting fair value adjustments (205,000) (156,000) 860,000 Less: current portion of long-term debt 3,999,000 3,499,000 3,500,000 Long-term debt 84,531,000 73,557,000 68,939,000 Long-term taxes payable - - - Deferred tax liabilities 28,226,000 26,948,000 24,560,000 Other non-current liabilities 11,244,000 10,953,000 11,012,000 Other non-current liabilities 39,470,000 37,901,000 35,572,000 Total liabilities 200,450,000 198,751,000 179,061,000 Common stock - - 30,106,000 Common stock & additional paid-in 33,579,000 32,144,000 - capital Retained earnings (accumulated deficit) 100,925,000 100,001,000 96,542,000 Cumulative foreign currency translation (739,000) (953,000) (589,000)

Apple Inc

06/04/2018 45 Mergent, Inc.

Report Date 04/01/2017 12/31/2016 06/25/2016 2nd Quarter 1st Quarter 3rd Quarter

Currency USD USD USD Audit Status Unaudited Unaudited Unaudited Consolidated Yes Yes Yes Scale Thousands Thousands Thousands Unrealized gains (losses) on derivative 480,000 1,812,000 (355,000) instruments Unrealized gains (losses) on marketable (163,000) (614,000) 837,000 securities Accumulated other comprehensive income (422,000) 245,000 (107,000) (loss) Total shareholders' equity 134,082,000 132,390,000 126,541,000

Report Date 03/26/2016 12/26/2015 2nd Quarter 1st Quarter

Currency USD USD Audit Status Unaudited Unaudited Consolidated Yes Yes Scale Thousands Thousands Cash & cash equivalents 21,514,000 16,689,000 Short-term marketable securities 33,769,000 21,385,000 Accounts receivable, gross 12,289,000 13,016,000 Less allowances 60,000 63,000 Accounts receivable, net 12,229,000 12,953,000 Components - - Finished goods - - Inventories 2,281,000 2,451,000 Vendor non-trade receivables 7,595,000 11,668,000 Other current assets 10,204,000 11,073,000 Total current assets 87,592,000 76,219,000 Long-term marketable securities 177,645,000 177,665,000 Land & buildings 8,391,000 7,729,000 Machinery, equipment & internal-use 39,723,000 38,039,000 software Leasehold improvements 5,937,000 5,574,000 Gross property, plant & equipment 54,051,000 51,342,000 Accumulated depreciation & 30,848,000 29,042,000 amortization Property, plant & equipment, net 23,203,000 22,300,000 Goodwill 5,249,000 5,202,000 Acquired intangible assets, net 3,843,000 3,924,000 Other non-current assets 7,745,000 7,974,000 Total assets 305,277,000 293,284,000 Accounts payable 25,098,000 33,312,000 Accrued expenses - 24,032,000 Accrued expenses 23,208,000 - Deferred revenue 9,461,000 8,989,000 Commercial paper 7,998,000 7,259,000 Current portion of long-term debt 2,500,000 2,500,000 Total current liabilities 68,265,000 76,092,000

Apple Inc

06/04/2018 46 Mergent, Inc.

Report Date 03/26/2016 12/26/2015 2nd Quarter 1st Quarter

Currency USD USD Audit Status Unaudited Unaudited Consolidated Yes Yes Scale Thousands Thousands Deferred revenue, non-current 3,322,000 3,546,000 Notes 71,344,000 55,548,000 Unamortized premium (discount) & 15,000 (109,000) issuance costs, net Hedge accounting fair value adjustments 515,000 265,000 Less: current portion of long-term debt 2,500,000 2,500,000 Long-term debt 69,374,000 53,204,000 Long-term taxes payable - - Deferred tax liabilities 22,955,000 21,617,000 Other non-current liabilities 10,904,000 10,558,000 Other non-current liabilities 33,859,000 32,175,000 Total liabilities 174,820,000 165,017,000 Common stock - 28,253,000 Common stock & additional paid-in 29,484,000 - capital Retained earnings (accumulated deficit) 102,021,000 101,494,000 Cumulative foreign currency translation (635,000) (755,000) Unrealized gains (losses) on derivative (92,000) 614,000 instruments Unrealized gains (losses) on marketable (321,000) (1,339,000) securities Accumulated other comprehensive income (1,048,000) (1,480,000) (loss) Total shareholders' equity 130,457,000 128,267,000

3 yr As Reported Quarters Cash Flows

Exchange rate used is that of the Year End reported date

As Reported Quarterly Cash Flow Report Date 03/31/2018 12/30/2017 07/01/2017

2nd Quarter 1st Quarter 3rd Quarter Currency USD USD USD Audit Status Unaudited Unaudited Unaudited Consolidated Yes Yes Yes Scale Thousands Thousands Thousands Cash & cash equivalents, beginning 20,289,000 20,289,000 20,484,000 of the period Net income (loss) 33,887,000 20,065,000 37,637,000 Depreciation & amortization 5,484,000 2,745,000 7,673,000 Share-based compensation expense 2,644,000 1,296,000 3,666,000 Deferred income tax expense (benefit) (34,235,000) (33,737,000) 4,764,000 Other adjustments (151,000) (11,000) (142,000) Accounts receivable, net 3,523,000 (5,570,000) 3,381,000 Inventories (2,807,000) 434,000 (1,014,000) Vendor non-trade receivables 9,715,000 (9,660,000) 3,312,000

Apple Inc

06/04/2018 47 Mergent, Inc.

Report Date 03/31/2018 12/30/2017 07/01/2017 2nd Quarter 1st Quarter 3rd Quarter

Currency USD USD USD Audit Status Unaudited Unaudited Unaudited Consolidated Yes Yes Yes Scale Thousands Thousands Thousands Other current & non-current assets (1,053,000) (197,000) (3,229,000) Accounts payable (13,220,000) 14,588,000 (5,212,000) Deferred revenue 478,000 791,000 (418,000) Other current & non-current 39,158,000 37,549,000 (2,476,000) liabilities Net cash flows from operating activities 43,423,000 28,293,000 47,942,000 Purchases of marketable securities (48,449,000) (41,272,000) (123,781,000) Proceeds from maturities of marketable 31,884,000 14,048,000 19,347,000 securities Proceeds from sales of marketable 38,942,000 16,801,000 76,747,000 securities Payments for acquisition of property, (7,005,000) (2,810,000) (8,586,000) plant & equipment Payments made in connection with (305,000) (173,000) (248,000) business acquisitions, net Payments for acquisition of intangible - (154,000) (209,000) assets Payments for strategic investments, net - (94,000) (87,000) Other investing activities 53,000 64,000 313,000 Net cash flows from investing activities 15,120,000 (13,590,000) (36,504,000) Proceeds from issuance of common stock 327,000 - 274,000 Excess tax benefits from equity awards - - 534,000 Payments for taxes related to net share (1,190,000) (1,038,000) (1,646,000) settlement of equity awards Payments for dividends & dividend (6,529,000) (3,339,000) (9,499,000) equivalents Repurchases of common stock (32,851,000) (10,095,000) (25,105,000) Proceeds from issuance of term debt, net 6,969,000 6,969,000 21,725,000 Repayments of term debt (500,000) - (3,500,000) Change in commercial paper, net 1,000 2,000 3,866,000 Net cash flows from financing activities (33,773,000) (7,501,000) (13,351,000) Increase (decrease) in cash & cash 24,770,000 7,202,000 (1,913,000) equivalents Cash & cash equivalents, end of the 45,059,000 27,491,000 18,571,000 period Cash paid for income taxes, net 6,340,000 3,551,000 9,752,000 Cash paid for interest 1,356,000 623,000 1,456,000

Report Date 04/01/2017 12/31/2016 06/25/2016 2nd Quarter 1st Quarter 3rd Quarter

Currency USD USD USD Audit Status Unaudited Unaudited Unaudited Consolidated Yes Yes Yes Scale Thousands Thousands Thousands Cash & cash equivalents, beginning 20,484,000 20,484,000 21,120,000

Apple Inc

06/04/2018 48 Mergent, Inc.

Report Date 04/01/2017 12/31/2016 06/25/2016 2nd Quarter 1st Quarter 3rd Quarter

Currency USD USD USD Audit Status Unaudited Unaudited Unaudited Consolidated Yes Yes Yes Scale Thousands Thousands Thousands of the period Net income (loss) 28,920,000 17,891,000 36,673,000 Depreciation & amortization 5,319,000 2,987,000 7,957,000 Share-based compensation expense 2,473,000 1,256,000 3,180,000 Deferred income tax expense (benefit) 2,822,000 1,452,000 5,191,000 Other adjustments (209,000) (274,000) - Accounts receivable, net 4,183,000 1,697,000 5,135,000 Inventories (778,000) (580,000) 518,000 Vendor non-trade receivables 4,512,000 (375,000) 6,166,000 Other current & non-current assets (896,000) (1,446,000) 1,143,000 Accounts payable (6,862,000) 2,460,000 (9,622,000) Deferred revenue (221,000) 42,000 (1,148,000) Other current & non-current 316,000 1,946,000 (5,495,000) liabilities Net cash flows from operating activities 39,579,000 27,056,000 49,698,000 Purchases of marketable securities (99,821,000) (54,272,000) (112,068,000) Proceeds from maturities of marketable 12,429,000 6,525,000 14,915,000 securities Proceeds from sales of marketable 60,454,000 32,166,000 69,926,000 securities Payments for acquisition of property, (6,309,000) (3,334,000) (8,757,000) plant & equipment Payments made in connection with (67,000) (17,000) (146,000) business acquisitions, net Payments for acquisition of intangible (126,000) (86,000) (753,000) assets Payments for strategic investments, net - - (1,376,000) Other investing activities 116,000 (104,000) (321,000) Net cash flows from investing activities (33,324,000) (19,122,000) (38,580,000) Proceeds from issuance of common stock 273,000 - 247,000 Excess tax benefits from equity awards 225,000 178,000 391,000 Payments for taxes related to net share (788,000) (629,000) (1,361,000) settlement of equity awards Payments for dividends & dividend (6,134,000) (3,130,000) (9,058,000) equivalents Repurchases of common stock (18,012,000) (10,851,000) (23,696,000) Proceeds from issuance of term debt, net 10,975,000 - 17,984,000 Repayments of term debt - - (2,500,000) Change in commercial paper, net 1,879,000 2,385,000 3,992,000 Net cash flows from financing activities (11,582,000) (12,047,000) (14,001,000) Increase (decrease) in cash & cash (5,327,000) (4,113,000) (2,883,000) equivalents Cash & cash equivalents, end of the 15,157,000 16,371,000 18,237,000 period Cash paid for income taxes, net 6,878,000 3,510,000 8,990,000

Apple Inc

06/04/2018 49 Mergent, Inc.

Report Date 04/01/2017 12/31/2016 06/25/2016 2nd Quarter 1st Quarter 3rd Quarter

Currency USD USD USD Audit Status Unaudited Unaudited Unaudited Consolidated Yes Yes Yes Scale Thousands Thousands Thousands Cash paid for interest 1,007,000 497,000 892,000

Report Date 03/26/2016 12/26/2015 2nd Quarter 1st Quarter

Currency USD USD Audit Status Unaudited Unaudited Consolidated Yes Yes Scale Thousands Thousands Cash & cash equivalents, beginning 21,120,000 21,120,000 of the period Net income (loss) 28,877,000 18,361,000 Depreciation & amortization 5,431,000 2,954,000 Share-based compensation expense 2,126,000 1,078,000 Deferred income tax expense (benefit) 3,092,000 1,592,000 Other adjustments - - Accounts receivable, net 4,620,000 3,896,000 Inventories 68,000 (102,000) Vendor non-trade receivables 5,899,000 1,826,000 Other current & non-current assets 300,000 (893,000) Accounts payable (9,475,000) (852,000) Deferred revenue 219,000 (29,000) Other current & non-current (2,093,000) (368,000) liabilities Net cash flows from operating activities 39,064,000 27,463,000 Purchases of marketable securities (86,242,000) (47,836,000) Proceeds from maturities of marketable 9,148,000 3,514,000 securities Proceeds from sales of marketable 50,051,000 28,262,000 securities Payments for acquisition of property, (5,948,000) (3,612,000) plant & equipment Payments made in connection with (140,000) (86,000) business acquisitions, net Payments for acquisition of intangible (657,000) (394,000) assets Payments for strategic investments, net - - Other investing activities (322,000) (298,000) Net cash flows from investing activities (34,110,000) (20,450,000) Proceeds from issuance of common stock 247,000 1,000 Excess tax benefits from equity awards 264,000 224,000 Payments for taxes related to net share (751,000) (597,000) settlement of equity awards Payments for dividends & dividend (5,871,000) (2,969,000) equivalents Repurchases of common stock (13,530,000) (6,863,000)

Apple Inc

06/04/2018 50 Mergent, Inc.

Report Date 03/26/2016 12/26/2015 2nd Quarter 1st Quarter

Currency USD USD Audit Status Unaudited Unaudited Consolidated Yes Yes Scale Thousands Thousands Proceeds from issuance of term debt, net 15,584,000 0 Repayments of term debt - - Change in commercial paper, net (503,000) (1,240,000) Net cash flows from financing activities (4,560,000) (11,444,000) Increase (decrease) in cash & cash 394,000 (4,431,000) equivalents Cash & cash equivalents, end of the 21,514,000 16,689,000 period Cash paid for income taxes, net 6,630,000 3,398,000 Cash paid for interest 565,000 396,000

2,3,5 yr Analysis - Income Statement

09/30/2017 09/24/2016 Variance Item USD USD USD % Revenues 229,234,000,000 215,639,000,000 13,595,000,000 6.30 Direct Costs 141,048,000,000 131,376,000,000 9,672,000,000 7.36 Gross Profit 88,186,000,000 84,263,000,000 3,923,000,000 4.66 Taxation 15,738,000,000 15,685,000,000 53,000,000 0.34 Net Income 48,351,000,000 45,687,000,000 2,664,000,000 5.83 EPS Continuing Basic 9.27 8.35 0.92 11.02 EPS Net Basic 9.27 8.35 0.92 11.02 EPS Continuing Diluted 9.21 8.31 0.90 10.83 EPS Net Diluted 9.21 8.31 0.90 10.83

03/31/2018 09/30/2017 Variance Item USD USD USD % Revenues 61,137,000,000 52,579,000,000 8,558,000,000 16.28 Direct Costs 37,715,000,000 32,648,000,000 5,067,000,000 15.52 Gross Profit 23,422,000,000 19,931,000,000 3,491,000,000 17.52 Taxation 2,346,000,000 3,203,000,000 (857,000,000) (26.76) Net Income 13,822,000,000 10,714,000,000 3,108,000,000 29.01 EPS Continuing Basic 2.75 2.09 0.66 31.58 EPS Net Basic 2.75 2.09 0.66 31.58 EPS Continuing Diluted 2.73 2.07 0.66 31.88 EPS Net Diluted 2.73 2.07 0.66 31.88

Compound Annual Growth Rate Item 3 Year 5 Year Revenues (0.01) 0.06 Direct Costs 0.00 0.06 Gross Profit (0.02) 0.07 Taxation (0.06) 0.04 Net Income (0.03) 0.05 EPS Continuing Basic 0.00 0.10

Apple Inc

06/04/2018 51 Mergent, Inc.

Compound Annual Growth Rate Item 3 Year 5 Year EPS Net Basic 0.00 0.10 EPS Continuing Diluted 0.00 0.10 EPS Net Diluted 0.00 0.10

2,3,5 yr Analysis - Balance Sheet

09/30/2017 09/24/2016 Variance Item USD USD USD % Cash & Equivalents 20,289,000,000 20,484,000,000 (195,000,000) (0.95) Receivables (ST) 35,673,000,000 29,299,000,000 6,374,000,000 21.76 Inventories 4,855,000,000 2,132,000,000 2,723,000,000 127.72 Current Assets 128,645,000,000 106,869,000,000 21,776,000,000 20.38 Long Term Investments 194,714,000,000 170,430,000,000 24,284,000,000 14.25 Net Property Plant & Equip 33,783,000,000 27,010,000,000 6,773,000,000 25.08 Total Assets 375,319,000,000 321,686,000,000 53,633,000,000 16.67 Accounts Payable 49,049,000,000 37,294,000,000 11,755,000,000 31.52 Current Liabilities 100,814,000,000 79,006,000,000 21,808,000,000 27.60 LT Debt & Leases 97,207,000,000 75,427,000,000 21,780,000,000 28.88 Total Liabilities 241,272,000,000 193,437,000,000 47,835,000,000 24.73 Common Share Capital 35,867,000,000 31,251,000,000 4,616,000,000 14.77 Total Equity 134,047,000,000 128,249,000,000 5,798,000,000 4.52

03/31/2018 09/30/2017 Variance Item USD USD USD % Cash & Equivalents 45,059,000,000 20,289,000,000 24,770,000,000 122.09 Receivables (ST) 22,408,000,000 35,673,000,000 (13,265,000,000) (37.18) Inventories 7,662,000,000 4,855,000,000 2,807,000,000 57.82 Current Assets 130,053,000,000 128,645,000,000 1,408,000,000 1.09 Long Term Investments 179,286,000,000 194,714,000,000 (15,428,000,000) (7.92) Net Property Plant & Equip 35,077,000,000 33,783,000,000 1,294,000,000 3.83 Total Assets 367,502,000,000 375,319,000,000 (7,817,000,000) (2.08) Accounts Payable 34,311,000,000 49,049,000,000 (14,738,000,000) (30.05) Current Liabilities 89,320,000,000 100,814,000,000 (11,494,000,000) (11.40) LT Debt & Leases 101,362,000,000 97,207,000,000 4,155,000,000 4.27 Total Liabilities 240,624,000,000 241,272,000,000 (648,000,000) (0.27) Common Share Capital - 35,867,000,000 - - Total Equity 126,878,000,000 134,047,000,000 (7,169,000,000) (5.35)

Compound Annual Growth Rate Item 3 Year 5 Year Cash & Equivalents (0.01) 0.07 Receivables (ST) 0.06 0.12 Inventories 0.27 0.22 Current Assets 0.13 0.12 Long Term Investments 0.06 0.13 Net Property Plant & Equip 0.15 0.15 Total Assets 0.09 0.13 Accounts Payable 0.11 0.17 Current Liabilities 0.08 0.18

Apple Inc

06/04/2018 52 Mergent, Inc.

Compound Annual Growth Rate Item 3 Year 5 Year LT Debt & Leases 0.22 0.42 Total Liabilities 0.12 0.24 Common Share Capital 0.09 0.13 Total Equity 0.04 0.02

2,3,5 yr Analysis - Ratio Analysis

09/30/2017 09/24/2016 Variance 03/31/2018 Item USD USD USD % USD ROA % (Net) 13.65 14.97 (1.32) (8.82) 14.32 ROE % (Net) 36.27 37 (0.73) (1.97) 41.52 ROI % (Operating) 25.96 30.16 (4.20) (13.93) 24.94 EBITDA Margin % 31.13 32.15 (1.02) (3.17) 29.76 Gross Margin % 38.47 39.08 (0.61) (1.56) 38.31 Quick Ratio 1.09 1.22 (0.13) (10.66) 1.24 Current Ratio 1.28 1.35 (0.07) (5.19) 1.46 Net Current Assets % TA 7.42 8.66 (1.24) (14.32) 11.08 LT Debt to Equity 0.73 0.59 0.14 23.73 0.8 Total Debt to Equity 0.86 0.68 0.18 26.47 0.96 Total Asset Turnover 0.65 0.71 (0.06) (8.45) 0.63

09/30/2017 Variance Compound Annual Growth Rate Item USD USD % 3 Year ROA % (Net) 11.93 2.39 20.03 (0.13) ROE % (Net) 32.25 9.27 28.74 (0.08) ROI % (Operating) 21.46 3.48 16.22 (0.16) EBITDA Margin % 29.86 (0.10) (0.33) (0.04) Gross Margin % 37.91 0.40 1.06 (0.01) Quick Ratio - - - 0.07 Current Ratio 1.28 0.18 14.06 0.05 Net Current Assets % TA 7.42 3.66 49.33 0.35 LT Debt to Equity 0.73 0.07 9.59 0.17 Total Debt to Equity 0.86 0.10 11.63 0.17 Total Asset Turnover 0.59 0.04 6.78 (0.10)

Item 5 Year ROA % (Net) (0.07) ROE % (Net) 0.03 ROI % (Operating) (0.07) EBITDA Margin % (0.01) Gross Margin % 0.00 Quick Ratio (0.05) Current Ratio (0.05) Net Current Assets % TA (0.12) LT Debt to Equity 0.39 Total Debt to Equity 0.44 Total Asset Turnover (0.06)

Apple Inc

06/04/2018 53 Mergent, Inc.

3 yr Business Analysis

Revenues Operating Income Report Date 09/24/2016 09/26/2015 09/24/2016 09/26/2015 Currency USD USD USD USD Scale Thousands Thousands Thousands Thousands Americas 86,613,000 93,864,000 28,172,000 31,186,000 Europe 49,952,000 50,337,000 15,348,000 16,527,000 Greater China 48,492,000 58,715,000 18,835,000 23,002,000 Japan 16,928,000 15,706,000 7,165,000 7,617,000 Rest of Asia Pacific 13,654,000 15,093,000 4,781,000 5,518,000 Total 215,639,000 233,715,000 74,301,000 83,850,000