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Apple reports second quarter results

Apple reports second quarter results

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include without limitation those of the Company’s expectations regarding the impact of the COVID-19 pandemic; expected income, gross margin, operating expenses, other income / (costs) and tax rate; and plans for capital return. These statements involve risks and uncertainties, and actual results may differ materially from future results expressed or implied by the forward-looking statements. Risks and uncertainties include: the effect of the COVID-19 pandemic on operating activities, operating results, financial condition and share price; the impact of global and regional economic conditions on the Company’s business, including effects on consumer and business purchasing decisions; the company’s ability to compete in markets that are highly competitive and subject to rapid technological change; the Company’s ability to manage frequent product and service introductions and transitions, including delivery to the market, and to stimulate customer demand for new products, services and technological innovations in a timely manner; the effect shifting in the mix of products and services and in the geographic, currency or channel mix, component cost increases, increases in the cost of acquiring and delivering content for the company’s services, price competition or the introduction of new products or services , including new products or services with higher cost structures, could affect the company’s gross margin; the company’s reliance on distributors’ performance of the Company’s products, including mobile network providers and other resellers; the risk of depreciation on the value of inventory and other assets and the risk of cancellation of purchase obligations; the continued availability on acceptable terms, if at all, of certain components, services and new technologies that are essential to the company’s business, including components and technologies that may only be available from one or limited sources; the Company’s reliance on third-party manufacturing and logistics services, many of which are located outside the US and which may affect the quality, quantity, or cost of products manufactured or services provided to the Company; the effect of design and manufacturing errors in products and services on the company’s financial performance and reputation; the company’s reliance on third-party intellectual property and digital content, which may not be available to the company under commercially reasonable conditions or at all; the company’s reliance on third-party software developers to develop and maintain software applications and services for the company’s products; the impact of adverse legal proceedings, such as a possible finding that the company has infringed the intellectual property rights of others; the impact of complex and evolving global laws and regulations that expose the company to potential liabilities, increased costs, and other adverse effects on the company’s business; the Company’s ability to manage risks associated with the Company’s stores; the Company’s ability to manage risks associated with the Company’s investment in new business strategies and acquisitions; the impact on the Company and its reputation as a result of information technology system failures, network failures, loss or unauthorized access to or disclosure of confidential information; the Company’s ability to comply with data protection laws and regulations; the continued service and availability of key executives and employees; political events, international trade disputes, war, terrorism, natural disasters, public health issues and other business interruptions that could disrupt the supply, supply or demand for the company’s products; financial risks, including risks related to currency fluctuations, credit risks and fluctuations in the market value of the company’s investment portfolio; and changes in tax rates and exposure to additional tax liabilities. More information about these risks and other potential factors that may affect the Company’s business and financial results is contained in the Company’s filings with the SEC, including in the sections “Risk Factors” and “Discussion and Analysis of Financial Condition and operating results “by management. of the company’s most recently submitted periodic reports on Form 10-K and Form 10-Q and subsequent filings. The company assumes no obligation to update any forward-looking statements or information, as of their respective dates.

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