EXHIBIT 11 APPLE COMPUTER, INC. COMPUTATION OF EARNINGS PER COMMON SHARE (In thousands, except per share amounts) Three Months Nine Months Ended Ended June 30, July 1, June 30, July 1, 1995 1994 1995 1994 Primary Earnings Per Share Earnings Net income applicable to common stock $ 103,019 $ 138,101 $ 364,122 $ 195,523 Shares Weighted average number of common shares outstanding 121,379 118,267 120,681 117,375 Adjustment for dilutive effect of outstanding stock options 1,824 593 1,801 878 Weighted average number of common and common equivalent shares used for primary earnings per share 123,203 118,860 122,482 118,253 Primary earnings per common share $ 0.84 $ 1.16 $ 2.97 $ 1.65 Fully Diluted Earnings Per Share Earnings Net income applicable to common stock $ 103,019 $ 138,101 $ 364,122 $ 195,523 Shares Weighted average number of common shares outstanding 121,379 118,267 120,681 117,375 Adjustment for dilutive effect of outstanding stock options 2,647 593 2,095 904 Weighted average number of common and common equivalent shares used for fully diluted earnings per share 124,026 118,860 122,776 118,279 Fully diluted earnings per common share $ 0.83 $ 1.16 $ 2.97 $ 1.65 45 EXHIBIT 27 APPLE COMPUTER, INC. FINANCIAL DATA SCHEDULE (In millions, except per share amounts)