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Exhibit 12.1
Apple Inc.
Computation of Ratio of Earnings to Fixed Charges
(In millions, except ratios)
Years ended
September 28,
2013
September 29,
2012
September 24,
2011
September 25,
2010
September 26,
2009
Earnings
Earnings before income taxes ............. $50,155 $55,763 $34,205 $18,540 $12,066
Add: Fixed Charges ..................... 265 98 68 54 46
Total Earnings ......................... $50,420 $55,861 $34,273 $18,594 $12,112
Fixed Charges (a)
Interest Expense ........................ $ 136 $ 0 $ 0 $ 0 $ 0
Interest component of rental expense ....... 129 98 68 54 46
Total Fixed Charges ..................... $ 265 $ 98 $ 68 $ 54 $ 46
Ratio of Earnings to Fixed Charges (b) .... 190 570 504 344 263
(a) Fixed charges include the portion of rental expense that management believes is representative of the
interest component.
(b) The ratio of earnings to fixed charges is computed by dividing Total Earnings by Total Fixed Charges.