Exhibit 12.1
Apple Inc.
Computation of Ratio of Earnings to Fixed Charges
(In millions, except ratios)
| Six Months Ended | Years ended | |||||||||||||||||||||||
March 28, |
September 27, |
September 28, |
September 29, |
September 24, |
September 25, | |||||||||||||||||||
Earnings | ||||||||||||||||||||||||
Earnings before provision for income taxes | $ | 42,980 | $ | 53,483 | $ | 50,155 | $ | 55,763 | $ | 34,205 | $ | 18,540 | ||||||||||||
Add: Fixed Charges | 370 | 527 | 265 | 98 | 68 | 54 | ||||||||||||||||||
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Total Earnings | $ | 43,350 | $ | 54,010 | $ | 50,420 | $ | 55,861 | $ | 34,273 | $ | 18,594 | ||||||||||||
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Fixed Charges(1) | ||||||||||||||||||||||||
Interest expense | $ | 294 | $ | 384 | $ | 136 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||
Interest component of rental expense | 76 | 143 | 129 | 98 | 68 | 54 | ||||||||||||||||||
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Total Fixed Charges | $ | 370 | $ | 527 | $ | 265 | $ | 98 | $ | 68 | $ | 54 | ||||||||||||
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Ratio of Earnings to Fixed Charges(2) | 117 | 102 | 190 | 570 | 504 | 344 | ||||||||||||||||||
| (1) | Fixed charges include the portion of rental expense that management believes is representative of the interest component. |
| (2) | The ratio of earnings to fixed charges is computed by dividing Total Earnings by Total Fixed Charges. |
