EXHIBIT 11 APPLE COMPUTER, INC. COMPUTATION OF EARNINGS PER COMMON SHARE (In thousands, except per share amounts) Fiscal Years Ended September 30, September 24, September 25, 1994 1993 1992 Primary Earnings Per Share Earnings Net income applicable to common stock $310,178 $ 86,589 $530,373 Shares Weighted average number of common shares outstanding 117,808 117,096 119,198 Adjustment for dilutive effect of outstanding stock options 927 2,029 3,292 Weighted average number of common and common equivalent shares used for primary earnings per share 118,735 119,125 122,490 Primary earnings per common share $2.61 $0.73 $4.33 Fully Diluted Earnings Per Share Earnings Net income applicable to common stock $310,178 $ 86,589 $530,373 Shares Weighted average number of common shares outstanding 117,808 117,096 119,198 Adjustment for dilutive effect of outstanding stock options 1,002 2,174 3,388 Weighted average number of common and common equivalent shares used for fully diluted earnings per share 118,810 119,270 122,586 Fully diluted earnings per common share $2.61 $0.73 $4.33 68