Apple 1997 Annual Report Download - page 60

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general corporate expenses. The restructuring charges recorded in 1997 and 1996, and the adjustments recorded in 1995 to the restructuring
charges recorded in 1993, are included in the calculation of operating income (loss) for each geographic area. Identifiable assets of geographic
areas are those assets used in the Company's operations in each area. Corporate assets include cash and cash equivalents, short-term
investments and equity securities.
A large portion of the Company's revenue is derived from its international operations, and a majority of the products sold internationally are
manufactured in the Company's facilities in Cork, Ireland and Singapore. As a result, the Company is subject to risks associated with foreign
operations, such as obtaining governmental permits and approvals, currency exchange fluctuations, currency restrictions, political instability,
labor problems, trade restrictions, and changes in tariff and freight charges.
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