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苹果公司Apple Inc. (AAPL)2025财年10-K年度报告「NASDAQ」(英文版)(80页).pdf

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1、UNITED STATESSECURITIES AND EXCHANGE COMMISSIONWashington,D.C.20549FORM 10-K(Mark One)ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d)OF THE SECURITIES EXCHANGE ACT OF 1934For the fiscal year ended September27,2025or TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d)OF THE SECURITIES EXCHANGE ACT OF 193

2、4For the transition period from to.Commission File Number:001-36743Apple Inc.(Exact name of Registrant as specified in its charter)California94-2404110(State or other jurisdictionof incorporation or organization)(I.R.S.Employer Identification No.)One Apple Park WayCupertino,California95014(Address o

3、f principal executive offices)(Zip Code)(408)996-1010(Registrants telephone number,including area code)Securities registered pursuant to Section 12(b)of the Act:Title of each classTrading symbol(s)Name of each exchange on which registeredCommon Stock,$0.00001 par value per shareAAPLThe Nasdaq Stock

4、Market LLC0.000%Notes due 2025The Nasdaq Stock Market LLC1.625%Notes due 2026The Nasdaq Stock Market LLC2.000%Notes due 2027The Nasdaq Stock Market LLC1.375%Notes due 2029The Nasdaq Stock Market LLC3.050%Notes due 2029The Nasdaq Stock Market LLC0.500%Notes due 2031The Nasdaq Stock Market LLC3.600%No

5、tes due 2042The Nasdaq Stock Market LLCSecurities registered pursuant to Section 12(g)of the Act:NoneIndicate by check mark if the Registrant is a well-known seasoned issuer,as defined in Rule 405 of the Securities Act.YesNoIndicate by check mark if the Registrant is not required to file reports pur

6、suant to Section 13 or Section 15(d)of the Act.YesNoIndicate by check mark whether the Registrant(1)has filed all reports required to be filed by Section 13 or 15(d)of the Securities Exchange Act of 1934 during the preceding 12 months(or for such shorter period that the Registrant was required to fi

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1. **公司业务**:苹果公司设计、制造和销售智能手机(iPhone)、个人电脑(Mac)、平板电脑(iPad)、可穿戴设备及配件,并提供相关服务(如广告、AppleCare、云服务等)。 2. **财务数据**:截至2025年9月27日,公司发行在外普通股约147.76亿股;2025财年净销售额中,直接和间接分销渠道分别占40%和60%。 3. **风险因素**: - 宏观经济与行业风险:全球经济波动、贸易限制(如2025年二季度新增关税)、供应链中断(如半导体短缺)及竞争加剧。 - 业务风险:依赖外包制造(主要位于亚洲)、组件供应风险、产品缺陷及知识产权纠纷。 4. **研发与知识产权**:公司通过研发、授权及收购持续创新,持有大量专利,但面临竞争对手模仿和侵权风险。 5. **员工规模**:截至2025年9月27日,全职员工约16.6万人。
苹果风险有哪些? 供应链有何隐患? 竞争对手如何威胁?
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