4600000 Shares Apple Computer, Inc. - The SWTPC Computer ...

PROSPECTUS SUMMARYThe follmving information is qualified in its entirety by the more detailed information andfinancial statements appearing elsewhere in this Prospectus.THE COMPANYApple Computer, Inc. designs, develops, produces, markets and services microprocessorbasedpersonal computer systems for individual use in solving computing problems commonlyencountered in business, education, science, engineering and in the home. Products manufacturedand distributed by Apple are sold in the United States and Canada through approximately 800independent retail computer stores, and internationally through 21 independent distributorswhich resell to approximately 1,000 retail dealers. Apple's products are primmily serviced in theUnited States and Canada by approximately 700 of the retail stores and in other countries byindependent retail dealers.Security Offered .~ .Shares to be OutstandingUse of Proceeds .NASDAQ symbolTHE OFFERING4,600,000 shares of Common Stock( 1)4,000,000 shares by the CompanY( rr·-·600,000 shares by the Selling Shareholders54,215,332 shares (I)To repay short-term bank debt and to increase workingcapitalAAPLSELECTED CONSOLIDATED FINANCIAL INFORMATIONIncome Statement Data:RevenuesNet incomeEarnings per common and commonequivalent share ( 2)Shares used to calculate per sharedata( 2)January 3,1977(inception) toSeptember 30,1977$773,977$ 41,575Less than$.0116,640,000Balance Sheet Data:Current assetsCurrent liabilitiesTotal assetsNon-current obligations under capital leasesSh:~reholders' equitySeptember 30,1978$7,883,486$ 793,497$.0331,544,000Fiscal Year EndedSeptember 30, September 26;1979 1980$47,938,981 $117,901,543$ 5,072,812 $ 11,697,983$.12 $.2443,620,000 48,412,000September 26, 1980Actual As Adjusted ( 1 ) ( 3)$54,106,21537,780,12865,350,341670,67325,948,540$128,394,61529,930,128139,638,741670,673108,086,940( 1) Does not include up to 400,000 shares which may be sold by the Company to the Underwritersto cover over-allotments.(2) The number of shares and all data presented on a per share basis in this Prospectus havebeen adjusted, except where otherwise indicated, to reflect stock splits. See Note 1 of Notesto Consolidated Financial Statements.( 3) Adjusted to reflect completion of the offering (assuming no exercise of the over-allotmentoption) and the anticipated use of proceeds by the Company.3