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Table of Contents
Report of KPMG LLP, Independent Registered Public Accounting Firm
The Board of Directors and Shareholders
Apple Inc.:
We have audited the accompanying consolidated statements of operations, shareholders’
equity, and cash flows for the year ended September 27,
2008. These consolidated financial statements are the responsibility of the Company’
s management. Our responsibility is to express an opinion
on these consolidated financial statements based on our audit.
We conducted our audit in accordance with generally accepted auditing standards of the Public Company Accounting Oversight Board (United
States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free
of material misstatement. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial
statements, assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial
statement presentation. We believe that our audit provides a reasonable basis for our opinion.
In our opinion, the consolidated financial statements referred to above present fairly, in all material respects, the results of operations and cash
flows of Apple Inc. and subsidiaries for the year ended September 27, 2008 in conformity with U.S. generally accepted accounting principles.
As discussed in note 1, the consolidated financial statements for the year ended September 27, 2008 have been restated to give effect to the
retrospective adoption of the Financial Accounting Standards Board’
s amended accounting standards related to revenue recognition for
arrangements with multiple deliverables and arrangements that include software elements.
/s/ KPMG LLP
Mountain View, California
November 4, 2008, except as to note 1, which is as of January 25, 2010
85