<SEC-DOCUMENT>0001140361-23-023544.txt : 20230509
<SEC-HEADER>0001140361-23-023544.hdr.sgml : 20230509
<ACCEPTANCE-DATETIME>20230508181552
ACCESSION NUMBER:		0001140361-23-023544
CONFORMED SUBMISSION TYPE:	FWP
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20230509
DATE AS OF CHANGE:		20230508

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Apple Inc.
		CENTRAL INDEX KEY:			0000320193
		STANDARD INDUSTRIAL CLASSIFICATION:	ELECTRONIC COMPUTERS [3571]
		IRS NUMBER:				942404110
		STATE OF INCORPORATION:			CA
		FISCAL YEAR END:			0930

	FILING VALUES:
		FORM TYPE:		FWP
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	333-260578
		FILM NUMBER:		23899295

	BUSINESS ADDRESS:	
		STREET 1:		ONE APPLE PARK WAY
		CITY:			CUPERTINO
		STATE:			CA
		ZIP:			95014
		BUSINESS PHONE:		(408) 996-1010

	MAIL ADDRESS:	
		STREET 1:		ONE APPLE PARK WAY
		CITY:			CUPERTINO
		STATE:			CA
		ZIP:			95014

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	APPLE INC
		DATE OF NAME CHANGE:	20070109

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	APPLE COMPUTER INC
		DATE OF NAME CHANGE:	19970808

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Apple Inc.
		CENTRAL INDEX KEY:			0000320193
		STANDARD INDUSTRIAL CLASSIFICATION:	ELECTRONIC COMPUTERS [3571]
		IRS NUMBER:				942404110
		STATE OF INCORPORATION:			CA
		FISCAL YEAR END:			0930

	FILING VALUES:
		FORM TYPE:		FWP

	BUSINESS ADDRESS:	
		STREET 1:		ONE APPLE PARK WAY
		CITY:			CUPERTINO
		STATE:			CA
		ZIP:			95014
		BUSINESS PHONE:		(408) 996-1010

	MAIL ADDRESS:	
		STREET 1:		ONE APPLE PARK WAY
		CITY:			CUPERTINO
		STATE:			CA
		ZIP:			95014

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	APPLE INC
		DATE OF NAME CHANGE:	20070109

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	APPLE COMPUTER INC
		DATE OF NAME CHANGE:	19970808
</SEC-HEADER>
<DOCUMENT>
<TYPE>FWP
<SEQUENCE>1
<FILENAME>ny20007635x2_fwp.htm
<DESCRIPTION>FWP
<TEXT>
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    <title></title>
    <!-- Licensed to: Broadridge Financial Solutions, Inc.
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<body style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left;" bgcolor="#ffffff">
  <div style="margin: 0px auto; width: 8.5in;">
    <div style="text-align: right; font-family: Arial,Helvetica,'sans-serif'; font-style: italic;">Filed Pursuant to Rule 433</div>
    <div style="text-align: right; font-family: Arial,Helvetica,'sans-serif'; font-style: italic;">Registration No. 333-260578</div>
    <div style="text-align: right; font-family: Arial,Helvetica,'sans-serif'; font-style: italic;">Issuer Free Writing Prospectus dated May 8, 2023</div>
    <div style="text-align: right; font-family: Arial,Helvetica,'sans-serif'; font-style: italic;">Relating to Preliminary Prospectus Supplement dated May 8, 2023</div>
    <div style="font-family: Arial,Helvetica,'sans-serif';"><br>
    </div>
    <div style="text-align: center; font-family: Arial,Helvetica,'sans-serif';">APPLE INC.</div>
    <div style="text-align: center; font-family: Arial,Helvetica,'sans-serif';">FINAL PRICING TERM SHEET</div>
    <div style="font-family: Arial,Helvetica,'sans-serif';"><br>
    </div>
    <div style="text-align: center; font-family: Arial,Helvetica,'sans-serif';"><u>4.421% Notes due 2026 (&#8220;2026 Notes&#8221;)</u></div>
    <div><font style="font-family: Arial,Helvetica,'sans-serif';"> <br>
      </font></div>
    <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="z571880c4668243dcab74625608ebc87f" border="0" cellpadding="4" cellspacing="0">

        <tr>
          <td style="margin: 1pt 0px; vertical-align: top; width: 49%; font-family: Arial, Helvetica, 'sans-serif';">
            <div>Issuer:</div>
          </td>
          <td style="margin: 1pt 0px; vertical-align: bottom; width: 0.96%; font-family: Arial, Helvetica, 'sans-serif';">&#160;</td>
          <td style="margin: 1pt 0px; vertical-align: top; width: 50%; font-family: Arial, Helvetica, 'sans-serif';">
            <div>Apple Inc.</div>
          </td>
        </tr>
        <tr>
          <td style="margin: 1pt 0px; vertical-align: top; width: 49%; font-family: Arial, Helvetica, 'sans-serif';">
            <div>Principal Amount:</div>
          </td>
          <td style="margin: 1pt 0px; vertical-align: bottom; width: 0.96%; font-family: Arial, Helvetica, 'sans-serif';">&#160;</td>
          <td style="margin: 1pt 0px; vertical-align: top; width: 50%; font-family: Arial, Helvetica, 'sans-serif';">
            <div>$1,000,000,000</div>
          </td>
        </tr>
        <tr>
          <td style="margin: 1pt 0px; vertical-align: top; width: 49%; font-family: Arial, Helvetica, 'sans-serif';">
            <div>Maturity:</div>
          </td>
          <td style="margin: 1pt 0px; vertical-align: bottom; width: 0.96%; font-family: Arial, Helvetica, 'sans-serif';">&#160;</td>
          <td style="margin: 1pt 0px; vertical-align: top; width: 50%; font-family: Arial, Helvetica, 'sans-serif';">
            <div>May 8, 2026</div>
          </td>
        </tr>
        <tr>
          <td style="margin: 1pt 0px; vertical-align: top; width: 49%; font-family: Arial, Helvetica, 'sans-serif';">
            <div>Coupon:</div>
          </td>
          <td style="margin: 1pt 0px; vertical-align: bottom; width: 0.96%; font-family: Arial, Helvetica, 'sans-serif';">&#160;</td>
          <td style="margin: 1pt 0px; vertical-align: top; width: 50%; font-family: Arial, Helvetica, 'sans-serif';">
            <div>4.421%</div>
          </td>
        </tr>
        <tr>
          <td style="margin: 1pt 0px; vertical-align: top; width: 49%; font-family: Arial, Helvetica, 'sans-serif';">
            <div>Price to Public:</div>
          </td>
          <td style="margin: 1pt 0px; vertical-align: bottom; width: 0.96%; font-family: Arial, Helvetica, 'sans-serif';">&#160;</td>
          <td style="margin: 1pt 0px; vertical-align: top; width: 50%; font-family: Arial, Helvetica, 'sans-serif';">
            <div>100.000%</div>
          </td>
        </tr>
        <tr>
          <td style="margin: 1pt 0px; vertical-align: top; width: 49%; font-family: Arial, Helvetica, 'sans-serif';">
            <div>Interest Payment Dates:</div>
          </td>
          <td style="margin: 1pt 0px; vertical-align: bottom; width: 0.96%; font-family: Arial, Helvetica, 'sans-serif';">&#160;</td>
          <td style="margin: 1pt 0px; vertical-align: top; width: 50%; font-family: Arial, Helvetica, 'sans-serif';">
            <div>May 8 and November 8, commencing November 8, 2023</div>
          </td>
        </tr>
        <tr>
          <td style="margin: 1pt 0px; vertical-align: top; width: 49%; font-family: Arial, Helvetica, 'sans-serif';">
            <div>Day Count Convention:</div>
          </td>
          <td style="margin: 1pt 0px; vertical-align: bottom; width: 0.96%; font-family: Arial, Helvetica, 'sans-serif';">&#160;</td>
          <td style="margin: 1pt 0px; vertical-align: top; width: 50%; font-family: Arial, Helvetica, 'sans-serif';">
            <div>30/360</div>
          </td>
        </tr>
        <tr>
          <td style="margin: 1pt 0px; vertical-align: top; width: 49%; font-family: Arial, Helvetica, 'sans-serif';">
            <div>Benchmark Treasury:</div>
          </td>
          <td style="margin: 1pt 0px; vertical-align: bottom; width: 0.96%; font-family: Arial, Helvetica, 'sans-serif';">&#160;</td>
          <td style="margin: 1pt 0px; vertical-align: top; width: 50%; font-family: Arial, Helvetica, 'sans-serif';">
            <div>3.750% due April 15, 2026</div>
          </td>
        </tr>
        <tr>
          <td style="margin: 1pt 0px; vertical-align: top; width: 49%; font-family: Arial, Helvetica, 'sans-serif';">
            <div>Benchmark Treasury Yield:</div>
          </td>
          <td style="margin: 1pt 0px; vertical-align: bottom; width: 0.96%; font-family: Arial, Helvetica, 'sans-serif';">&#160;</td>
          <td style="margin: 1pt 0px; vertical-align: top; width: 50%; font-family: Arial, Helvetica, 'sans-serif';">
            <div>3.721%</div>
          </td>
        </tr>
        <tr>
          <td style="margin: 1pt 0px; vertical-align: top; width: 49%; font-family: Arial, Helvetica, 'sans-serif';">
            <div>Spread to Benchmark Treasury:</div>
          </td>
          <td style="margin: 1pt 0px; vertical-align: bottom; width: 0.96%; font-family: Arial, Helvetica, 'sans-serif';">&#160;</td>
          <td style="margin: 1pt 0px; vertical-align: top; width: 50%; font-family: Arial, Helvetica, 'sans-serif';">
            <div>70 basis points</div>
          </td>
        </tr>
        <tr>
          <td style="margin: 1pt 0px; vertical-align: top; width: 49%; font-family: Arial, Helvetica, 'sans-serif';">
            <div>Yield:</div>
          </td>
          <td style="margin: 1pt 0px; vertical-align: bottom; width: 0.96%; font-family: Arial, Helvetica, 'sans-serif';">&#160;</td>
          <td style="margin: 1pt 0px; vertical-align: top; width: 50%; font-family: Arial, Helvetica, 'sans-serif';">
            <div>4.421%</div>
          </td>
        </tr>
        <tr>
          <td style="margin: 1pt 0px; vertical-align: top; width: 49%; font-family: Arial, Helvetica, 'sans-serif';">
            <div>Redemption:</div>
          </td>
          <td style="margin: 1pt 0px; vertical-align: bottom; width: 0.96%; font-family: Arial, Helvetica, 'sans-serif';">&#160;</td>
          <td style="margin: 1pt 0px; vertical-align: top; width: 50%;">
            <div style="font-family: Arial,Helvetica,'sans-serif';">Prior to May 8, 2024, Apple Inc. may at its option redeem the 2026 Notes, at any time in whole or from time to time in part, at a redemption price as calculated by Apple Inc. and its
              consolidated subsidiaries (together &#8220;Apple&#8221;) (expressed as a percentage of principal amount and rounded to three decimal places), equal to the greater of: (i) 100% of the principal amount of the 2026 Notes being redeemed; and (ii) the sum of
              the present values of the remaining scheduled payments of principal and interest on the 2026 Notes being redeemed (assuming that such notes matured on May 8, 2024), exclusive of interest accrued to, but excluding, the date of redemption,
              discounted to the date of redemption on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the applicable Treasury Rate (as defined in the 2026 Notes) plus 12.5 basis points, plus, in each case, accrued and
              unpaid interest thereon to, but excluding, the date of redemption.</div>
            <div style="font-family: Arial,Helvetica,'sans-serif'; font-size: 6pt;">&#160;</div>
            <div style="font-family: Arial,Helvetica,'sans-serif';">On or after May 8, 2024, Apple Inc. may at its option redeem the 2026 Notes, at any time in whole or from time to time in part, prior to their maturity, at a redemption price equal to 100%
              of the principal amount of the 2026 Notes being redeemed, plus accrued and unpaid interest thereon to, but excluding, the date of redemption.</div>
          </td>
        </tr>

    </table>
    <div style="font-family: Arial,Helvetica,'sans-serif';"><br>
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    <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="zbaa007b2f5164709bb4f0be619541764" border="0" cellpadding="4" cellspacing="0">

        <tr>
          <td style="width: 49%; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">
            <div>Trade Date:</div>
          </td>
          <td style="width: 0.96%; vertical-align: bottom; font-family: Arial,Helvetica,'sans-serif';">&#160;</td>
          <td style="width: 50%; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">
            <div>May 8, 2023</div>
          </td>
        </tr>
        <tr>
          <td style="width: 49%; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">
            <div>Settlement Date:</div>
          </td>
          <td style="width: 0.96%; vertical-align: bottom; font-family: Arial,Helvetica,'sans-serif';">&#160;</td>
          <td style="width: 50%; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">
            <div>May 10, 2023 (T+2)</div>
          </td>
        </tr>
        <tr>
          <td style="width: 49%; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">
            <div>Denominations:</div>
          </td>
          <td style="width: 0.96%; vertical-align: bottom; font-family: Arial,Helvetica,'sans-serif';">&#160;</td>
          <td style="width: 50%; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">
            <div>$2,000 and any integral multiple of $1,000 in excess thereof</div>
          </td>
        </tr>
        <tr>
          <td style="width: 49%; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">
            <div>Ratings:*</div>
          </td>
          <td style="width: 0.96%; vertical-align: bottom; font-family: Arial,Helvetica,'sans-serif';">&#160;</td>
          <td style="width: 50%; vertical-align: top;">
            <div style="font-family: Arial,Helvetica,'sans-serif';">Aaa (stable) by Moody&#8217;s Investors Service, Inc.</div>
            <div style="font-family: Arial,Helvetica,'sans-serif'; font-size: 6pt;">&#160;</div>
            <div style="font-family: Arial,Helvetica,'sans-serif';">AA+ (stable) by Standard &amp; Poor&#8217;s Ratings Services</div>
          </td>
        </tr>
        <tr>
          <td style="width: 49%; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">
            <div>Net Proceeds:</div>
          </td>
          <td style="width: 0.96%; vertical-align: bottom; font-family: Arial,Helvetica,'sans-serif';">&#160;</td>
          <td style="width: 50%; vertical-align: top;">
            <div><font style="font-family: Arial,Helvetica,'sans-serif';">Aggregate net proceeds from sale of all notes offered pursuant to this Pricing Term Sheet will be approximately $5.22&#160;billion after deducting underwriting discounts and Apple&#8217;s
                offering expenses.</font></div>
          </td>
        </tr>
        <tr>
          <td style="width: 49%; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">
            <div>CUSIP/ISIN:</div>
          </td>
          <td style="width: 0.96%; vertical-align: bottom; font-family: Arial,Helvetica,'sans-serif';">&#160;</td>
          <td style="width: 50%; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">
            <div>037833 ES5 / US037833ES58</div>
          </td>
        </tr>
        <tr>
          <td style="width: 49%; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">
            <div>Underwriters:</div>
          </td>
          <td style="width: 0.96%; vertical-align: bottom; font-family: Arial,Helvetica,'sans-serif';">&#160;</td>
          <td style="width: 50%; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">&#160;</td>
        </tr>
        <tr>
          <td style="width: 49%; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">
            <div>Joint Book-Running Managers:</div>
          </td>
          <td style="width: 0.96%; vertical-align: bottom; font-family: Arial,Helvetica,'sans-serif';">&#160;</td>
          <td style="width: 50%; vertical-align: top;">
            <div style="font-family: Arial,Helvetica,'sans-serif';">Goldman Sachs &amp; Co. LLC</div>
            <div style="font-family: Arial,Helvetica,'sans-serif';">Barclays Capital Inc.</div>
            <div style="font-family: Arial,Helvetica,'sans-serif';">J.P. Morgan Securities LLC</div>
            <div style="font-family: Arial,Helvetica,'sans-serif';">BofA Securities, Inc.</div>
            <div style="font-family: Arial,Helvetica,'sans-serif';">Deutsche Bank Securities Inc.</div>
            <div style="font-family: Arial,Helvetica,'sans-serif';">Morgan Stanley &amp; Co. LLC</div>
          </td>
        </tr>
        <tr>
          <td style="width: 49%; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">
            <div>Co-Managers:</div>
          </td>
          <td style="width: 0.96%; vertical-align: bottom; font-family: Arial,Helvetica,'sans-serif';">&#160;</td>
          <td style="width: 50%; vertical-align: top;">
            <div style="font-family: Arial,Helvetica,'sans-serif';">Academy Securities, Inc.</div>
            <div style="font-family: Arial,Helvetica,'sans-serif';">Cabrera Capital Markets LLC</div>
            <div style="font-family: Arial,Helvetica,'sans-serif';">CastleOak Securities, L.P.</div>
            <div style="font-family: Arial,Helvetica,'sans-serif';">Great Pacific Securities</div>
            <div style="font-family: Arial,Helvetica,'sans-serif';">Loop Capital Markets LLC</div>
            <div style="font-family: Arial,Helvetica,'sans-serif';">R. Seelaus &amp; Co., LLC</div>
          </td>
        </tr>

    </table>
    <div style="font-family: Arial,Helvetica,'sans-serif';"><br>
    </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
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    <div style="font-family: Arial,Helvetica,'sans-serif';"><br>
    </div>
    <div style="text-align: center; font-family: Arial,Helvetica,'sans-serif';"><u>4.000% Notes due 2028 (&#8220;2028 Notes&#8221;)</u></div>
    <div><font style="font-family: Arial,Helvetica,'sans-serif';"> <br>
      </font></div>
    <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="z79d257808d404ec1914f90de9f3b2250" border="0" cellpadding="4" cellspacing="0">

        <tr>
          <td style="width: 49%; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">
            <div>Issuer:</div>
          </td>
          <td style="width: 0.96%; vertical-align: bottom; font-family: Arial,Helvetica,'sans-serif';">&#160;</td>
          <td style="width: 50%; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">
            <div>Apple Inc.</div>
          </td>
        </tr>
        <tr>
          <td style="width: 49%; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">
            <div>Principal Amount:</div>
          </td>
          <td style="width: 0.96%; vertical-align: bottom; font-family: Arial,Helvetica,'sans-serif';">&#160;</td>
          <td style="width: 50%; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">
            <div>$1,500,000,000</div>
          </td>
        </tr>
        <tr>
          <td style="width: 49%; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">
            <div>Maturity:</div>
          </td>
          <td style="width: 0.96%; vertical-align: bottom; font-family: Arial,Helvetica,'sans-serif';">&#160;</td>
          <td style="width: 50%; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">
            <div>May 10, 2028</div>
          </td>
        </tr>
        <tr>
          <td style="width: 49%; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">
            <div>Coupon:</div>
          </td>
          <td style="width: 0.96%; vertical-align: bottom; font-family: Arial,Helvetica,'sans-serif';">&#160;</td>
          <td style="width: 50%; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">
            <div>4.000%</div>
          </td>
        </tr>
        <tr>
          <td style="width: 49%; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">
            <div>Price to Public:</div>
          </td>
          <td style="width: 0.96%; vertical-align: bottom; font-family: Arial,Helvetica,'sans-serif';">&#160;</td>
          <td style="width: 50%; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">
            <div>99.807%</div>
          </td>
        </tr>
        <tr>
          <td style="width: 49%; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">
            <div>Interest Payment Dates:</div>
          </td>
          <td style="width: 0.96%; vertical-align: bottom; font-family: Arial,Helvetica,'sans-serif';">&#160;</td>
          <td style="width: 50%; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">
            <div>May 10 and November 10, commencing November 10, 2023</div>
          </td>
        </tr>
        <tr>
          <td style="width: 49%; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">
            <div>Day Count Convention:</div>
          </td>
          <td style="width: 0.96%; vertical-align: bottom; font-family: Arial,Helvetica,'sans-serif';">&#160;</td>
          <td style="width: 50%; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">
            <div>30/360</div>
          </td>
        </tr>
        <tr>
          <td style="width: 49%; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">
            <div>Benchmark Treasury:</div>
          </td>
          <td style="width: 0.96%; vertical-align: bottom; font-family: Arial,Helvetica,'sans-serif';">&#160;</td>
          <td style="width: 50%; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">
            <div>3.500% due April 30, 2028</div>
          </td>
        </tr>
        <tr>
          <td style="width: 49%; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">
            <div>Benchmark Treasury Yield:</div>
          </td>
          <td style="width: 0.96%; vertical-align: bottom; font-family: Arial,Helvetica,'sans-serif';">&#160;</td>
          <td style="width: 50%; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">
            <div>3.493%</div>
          </td>
        </tr>
        <tr>
          <td style="width: 49%; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">
            <div>Spread to Benchmark Treasury:</div>
          </td>
          <td style="width: 0.96%; vertical-align: bottom; font-family: Arial,Helvetica,'sans-serif';">&#160;</td>
          <td style="width: 50%; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">
            <div>55 basis points</div>
          </td>
        </tr>
        <tr>
          <td style="width: 49%; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">
            <div>Yield:</div>
          </td>
          <td style="width: 0.96%; vertical-align: bottom; font-family: Arial,Helvetica,'sans-serif';">&#160;</td>
          <td style="width: 50%; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">
            <div>4.043%</div>
          </td>
        </tr>
        <tr>
          <td style="width: 49%; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">
            <div>Redemption:</div>
          </td>
          <td style="width: 0.96%; vertical-align: bottom; font-family: Arial,Helvetica,'sans-serif';">&#160;</td>
          <td style="width: 50%; vertical-align: top;">
            <div style="font-family: Arial,Helvetica,'sans-serif';">Prior to April 10, 2028, Apple Inc. may at its option redeem the 2028 Notes, at any time in whole or from time to time in part, at a redemption price as calculated by Apple (expressed as a
              percentage of principal amount and rounded to three decimal places), equal to the greater of: (i) 100% of the principal amount of the 2028 Notes being redeemed; and (ii) the sum of the present values of the remaining scheduled payments of
              principal and interest on the 2028 Notes being redeemed (assuming that such notes matured on April 10, 2028), exclusive of interest accrued to, but excluding, the date of redemption, discounted to the date of redemption on a semi-annual basis
              (assuming a 360-day year consisting of twelve 30-day months) at the applicable Treasury Rate (as defined in the 2028 Notes) plus 10 basis points, plus, in each case, accrued and unpaid interest thereon to, but excluding, the date of
              redemption.</div>
            <div style="font-family: Arial,Helvetica,'sans-serif'; font-size: 6pt;">&#160;</div>
            <div style="font-family: Arial,Helvetica,'sans-serif';">On or after April 10, 2028, Apple Inc. may at its option redeem the 2028 Notes, at any time in whole or from time to time in part, prior to their maturity, at a redemption price equal to
              100% of the principal amount of the 2028 Notes being redeemed, plus accrued and unpaid interest thereon to, but excluding, the date of redemption.</div>
          </td>
        </tr>

    </table>
    <div style="font-family: Arial,Helvetica,'sans-serif';"><br>
    </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
      <div style="page-break-after: always;" class="BRPFPageBreak">
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    <div style="font-family: Arial,Helvetica,'sans-serif';"><br>
    </div>
    <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="z95eab783be2f440d96a71a1086f3decd" border="0" cellpadding="4" cellspacing="0">

        <tr>
          <td style="width: 49%; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">
            <div>Trade Date:</div>
          </td>
          <td style="width: 0.96%; vertical-align: bottom; font-family: Arial,Helvetica,'sans-serif';">&#160;</td>
          <td style="width: 50%; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">
            <div>May 8, 2023</div>
          </td>
        </tr>
        <tr>
          <td style="width: 49%; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">
            <div>Settlement Date:</div>
          </td>
          <td style="width: 0.96%; vertical-align: bottom; font-family: Arial,Helvetica,'sans-serif';">&#160;</td>
          <td style="width: 50%; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">
            <div>May 10, 2023 (T+2)</div>
          </td>
        </tr>
        <tr>
          <td style="width: 49%; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">
            <div>Denominations:</div>
          </td>
          <td style="width: 0.96%; vertical-align: bottom; font-family: Arial,Helvetica,'sans-serif';">&#160;</td>
          <td style="width: 50%; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">
            <div>$2,000 and any integral multiple of $1,000 in excess thereof</div>
          </td>
        </tr>
        <tr>
          <td style="width: 49%; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">
            <div>Ratings:*</div>
          </td>
          <td style="width: 0.96%; vertical-align: bottom; font-family: Arial,Helvetica,'sans-serif';">&#160;</td>
          <td style="width: 50%; vertical-align: top;">
            <div style="font-family: Arial,Helvetica,'sans-serif';">Aaa (stable) by Moody&#8217;s Investors Service, Inc.</div>
            <div style="font-family: Arial,Helvetica,'sans-serif'; font-size: 6pt;">&#160;</div>
            <div style="font-family: Arial,Helvetica,'sans-serif';">AA+ (stable) by Standard &amp; Poor&#8217;s Ratings Services</div>
          </td>
        </tr>
        <tr>
          <td style="width: 49%; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">
            <div>Net Proceeds:</div>
          </td>
          <td style="width: 0.96%; vertical-align: bottom; font-family: Arial,Helvetica,'sans-serif';">&#160;</td>
          <td style="width: 50%; vertical-align: top;">
            <div><font style="font-family: Arial,Helvetica,'sans-serif';">Aggregate net proceeds from sale of all notes offered pursuant to this Pricing Term Sheet will be approximately $5.22&#160;billion after deducting underwriting discounts and Apple&#8217;s
                offering expenses.</font></div>
          </td>
        </tr>
        <tr>
          <td style="width: 49%; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">
            <div>CUSIP/ISIN:</div>
          </td>
          <td style="width: 0.96%; vertical-align: bottom; font-family: Arial,Helvetica,'sans-serif';">&#160;</td>
          <td style="width: 50%; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">
            <div>037833 ET3 / US037833ET32</div>
          </td>
        </tr>
        <tr>
          <td style="width: 49%; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">
            <div>Underwriters:</div>
          </td>
          <td style="width: 0.96%; vertical-align: bottom; font-family: Arial,Helvetica,'sans-serif';">&#160;</td>
          <td style="width: 50%; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">&#160;</td>
        </tr>
        <tr>
          <td style="width: 49%; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">
            <div>Joint Book-Running Managers:</div>
          </td>
          <td style="width: 0.96%; vertical-align: bottom; font-family: Arial,Helvetica,'sans-serif';">&#160;</td>
          <td style="width: 50%; vertical-align: top;">
            <div style="font-family: Arial,Helvetica,'sans-serif';">Goldman Sachs &amp; Co. LLC</div>
            <div style="font-family: Arial,Helvetica,'sans-serif';">Barclays Capital Inc.</div>
            <div style="font-family: Arial,Helvetica,'sans-serif';">J.P. Morgan Securities LLC</div>
            <div style="font-family: Arial,Helvetica,'sans-serif';">BofA Securities, Inc.</div>
            <div style="font-family: Arial,Helvetica,'sans-serif';">Deutsche Bank Securities Inc.</div>
            <div style="font-family: Arial,Helvetica,'sans-serif';">Morgan Stanley &amp; Co. LLC</div>
          </td>
        </tr>
        <tr>
          <td style="width: 49%; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">
            <div>Co-Managers:</div>
          </td>
          <td style="width: 0.96%; vertical-align: bottom; font-family: Arial,Helvetica,'sans-serif';">&#160;</td>
          <td style="width: 50%; vertical-align: top;">
            <div style="font-family: Arial,Helvetica,'sans-serif';">Academy Securities, Inc.</div>
            <div style="font-family: Arial,Helvetica,'sans-serif';">Cabrera Capital Markets LLC</div>
            <div style="font-family: Arial,Helvetica,'sans-serif';">CastleOak Securities, L.P.</div>
            <div style="font-family: Arial,Helvetica,'sans-serif';">Great Pacific Securities</div>
            <div style="font-family: Arial,Helvetica,'sans-serif';">Loop Capital Markets LLC</div>
            <div style="font-family: Arial,Helvetica,'sans-serif';">R. Seelaus &amp; Co., LLC</div>
          </td>
        </tr>

    </table>
    <div style="font-family: Arial,Helvetica,'sans-serif';"><br>
    </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
      <div style="page-break-after: always;" class="BRPFPageBreak">
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    <div style="font-family: Arial,Helvetica,'sans-serif';"><br>
    </div>
    <div style="text-align: center; font-family: Arial,Helvetica,'sans-serif';"><u>4.150% Notes due 2030 (&#8220;2030 Notes&#8221;)</u></div>
    <div><font style="font-family: Arial,Helvetica,'sans-serif';"> <br>
      </font></div>
    <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="zf02cb34748144722bf9faf25b7314259" border="0" cellpadding="4" cellspacing="0">

        <tr>
          <td style="width: 49%; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">
            <div>Issuer:</div>
          </td>
          <td style="width: 0.96%; vertical-align: bottom; font-family: Arial,Helvetica,'sans-serif';">&#160;</td>
          <td style="width: 50%; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">
            <div>Apple Inc.</div>
          </td>
        </tr>
        <tr>
          <td style="width: 49%; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">
            <div>Principal Amount:</div>
          </td>
          <td style="width: 0.96%; vertical-align: bottom; font-family: Arial,Helvetica,'sans-serif';">&#160;</td>
          <td style="width: 50%; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">
            <div>$500,000,000</div>
          </td>
        </tr>
        <tr>
          <td style="width: 49%; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">
            <div>Maturity:</div>
          </td>
          <td style="width: 0.96%; vertical-align: bottom; font-family: Arial,Helvetica,'sans-serif';">&#160;</td>
          <td style="width: 50%; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">
            <div>May 10, 2030</div>
          </td>
        </tr>
        <tr>
          <td style="width: 49%; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">
            <div>Coupon:</div>
          </td>
          <td style="width: 0.96%; vertical-align: bottom; font-family: Arial,Helvetica,'sans-serif';">&#160;</td>
          <td style="width: 50%; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">
            <div>4.150%</div>
          </td>
        </tr>
        <tr>
          <td style="width: 49%; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">
            <div>Price to Public:</div>
          </td>
          <td style="width: 0.96%; vertical-align: bottom; font-family: Arial,Helvetica,'sans-serif';">&#160;</td>
          <td style="width: 50%; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">
            <div>99.729%</div>
          </td>
        </tr>
        <tr>
          <td style="width: 49%; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">
            <div>Interest Payment Dates:</div>
          </td>
          <td style="width: 0.96%; vertical-align: bottom; font-family: Arial,Helvetica,'sans-serif';">&#160;</td>
          <td style="width: 50%; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">
            <div>May 10 and November 10, commencing November 10, 2023</div>
          </td>
        </tr>
        <tr>
          <td style="width: 49%; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">
            <div>Day Count Convention:</div>
          </td>
          <td style="width: 0.96%; vertical-align: bottom; font-family: Arial,Helvetica,'sans-serif';">&#160;</td>
          <td style="width: 50%; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">
            <div>30/360</div>
          </td>
        </tr>
        <tr>
          <td style="width: 49%; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">
            <div>Benchmark Treasury:</div>
          </td>
          <td style="width: 0.96%; vertical-align: bottom; font-family: Arial,Helvetica,'sans-serif';">&#160;</td>
          <td style="width: 50%; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">
            <div>3.500% due April 30, 2030</div>
          </td>
        </tr>
        <tr>
          <td style="width: 49%; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">
            <div>Benchmark Treasury Yield:</div>
          </td>
          <td style="width: 0.96%; vertical-align: bottom; font-family: Arial,Helvetica,'sans-serif';">&#160;</td>
          <td style="width: 50%; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">
            <div>3.495%</div>
          </td>
        </tr>
        <tr>
          <td style="width: 49%; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">
            <div>Spread to Benchmark Treasury:</div>
          </td>
          <td style="width: 0.96%; vertical-align: bottom; font-family: Arial,Helvetica,'sans-serif';">&#160;</td>
          <td style="width: 50%; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">
            <div>70 basis points</div>
          </td>
        </tr>
        <tr>
          <td style="width: 49%; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">
            <div>Yield:</div>
          </td>
          <td style="width: 0.96%; vertical-align: bottom; font-family: Arial,Helvetica,'sans-serif';">&#160;</td>
          <td style="width: 50%; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">
            <div>4.195%</div>
          </td>
        </tr>
        <tr>
          <td style="width: 49%; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">
            <div>Redemption:</div>
          </td>
          <td style="width: 0.96%; vertical-align: bottom; font-family: Arial,Helvetica,'sans-serif';">&#160;</td>
          <td style="width: 50%; vertical-align: top;">
            <div style="font-family: Arial,Helvetica,'sans-serif';">Prior to March 10, 2030, Apple Inc. may at its option redeem the 2030 Notes, at any time in whole or from time to time in part, at a redemption price as calculated by Apple (expressed as a
              percentage of principal amount and rounded to three decimal places), equal to the greater of: (i) 100% of the principal amount of the 2030 Notes being redeemed; and (ii) the sum of the present values of the remaining scheduled payments of
              principal and interest on the 2030 Notes being redeemed (assuming that such notes matured on March 10, 2030), exclusive of interest accrued to, but excluding, the date of redemption, discounted to the date of redemption on a semi-annual basis
              (assuming a 360-day year consisting of twelve 30-day months) at the applicable Treasury Rate (as defined in the 2030 Notes) plus 12.5 basis points, plus, in each case, accrued and unpaid interest thereon to, but excluding, the date of
              redemption.</div>
            <div style="font-family: Arial,Helvetica,'sans-serif'; font-size: 6pt;">&#160;</div>
            <div style="font-family: Arial,Helvetica,'sans-serif';">On or after March 10, 2030, Apple Inc. may at its option redeem the 2030 Notes, at any time in whole or from time to time in part, prior to their maturity, at a redemption price equal to
              100% of the principal amount of the 2030 Notes being redeemed, plus accrued and unpaid interest thereon to, but excluding, the date of redemption.</div>
          </td>
        </tr>

    </table>
    <div style="font-family: Arial,Helvetica,'sans-serif';"><br>
    </div>
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      <div style="page-break-after: always;" class="BRPFPageBreak">
        <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;" noshade="noshade"></div>
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    <div style="font-family: Arial,Helvetica,'sans-serif';"><br>
    </div>
    <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="zc369ee8977744b1eba6d9de78222bc9b" border="0" cellpadding="4" cellspacing="0">

        <tr>
          <td style="width: 49%; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">
            <div>Trade Date:</div>
          </td>
          <td style="width: 0.96%; vertical-align: bottom; font-family: Arial,Helvetica,'sans-serif';">&#160;</td>
          <td style="width: 50%; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">
            <div>May 8, 2023</div>
          </td>
        </tr>
        <tr>
          <td style="width: 49%; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">
            <div>Settlement Date:</div>
          </td>
          <td style="width: 0.96%; vertical-align: bottom; font-family: Arial,Helvetica,'sans-serif';">&#160;</td>
          <td style="width: 50%; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">
            <div>May 10, 2023 (T+2)</div>
          </td>
        </tr>
        <tr>
          <td style="width: 49%; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">
            <div>Denominations:</div>
          </td>
          <td style="width: 0.96%; vertical-align: bottom; font-family: Arial,Helvetica,'sans-serif';">&#160;</td>
          <td style="width: 50%; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">
            <div>$2,000 and any integral multiple of $1,000 in excess thereof</div>
          </td>
        </tr>
        <tr>
          <td rowspan="1" style="width: 49%; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">
            <div>Ratings:*</div>
          </td>
          <td rowspan="1" style="width: 0.96%; vertical-align: bottom; font-family: Arial,Helvetica,'sans-serif';">&#160;</td>
          <td rowspan="1" style="width: 50%; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">
            <div>Aaa (stable) by Moody&#8217;s Investors Service, Inc.</div>
            <div style="font-size: 6pt;">&#160;</div>
            <div>AA+ (stable) by Standard &amp; Poor&#8217;s Ratings Services</div>
          </td>
        </tr>
        <tr>
          <td style="width: 49%; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">
            <div>Net Proceeds:</div>
          </td>
          <td style="width: 0.96%; vertical-align: bottom; font-family: Arial,Helvetica,'sans-serif';">&#160;</td>
          <td style="width: 50%; vertical-align: top;">
            <div><font style="font-family: Arial,Helvetica,'sans-serif';">Aggregate net proceeds from sale of all notes offered pursuant to this Pricing Term Sheet will be approximately $5.22 billion after deducting underwriting discounts and Apple&#8217;s
                offering expenses.</font></div>
          </td>
        </tr>
        <tr>
          <td style="width: 49%; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">
            <div>CUSIP/ISIN:</div>
          </td>
          <td style="width: 0.96%; vertical-align: bottom; font-family: Arial,Helvetica,'sans-serif';">&#160;</td>
          <td style="width: 50%; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">
            <div>037833 EU0 / US037833EU05</div>
          </td>
        </tr>
        <tr>
          <td style="width: 49%; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">
            <div>Underwriters:</div>
          </td>
          <td style="width: 0.96%; vertical-align: bottom; font-family: Arial,Helvetica,'sans-serif';">&#160;</td>
          <td style="width: 50%; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">&#160;</td>
        </tr>
        <tr>
          <td style="width: 49%; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">
            <div>Joint Book-Running Managers:</div>
          </td>
          <td style="width: 0.96%; vertical-align: bottom; font-family: Arial,Helvetica,'sans-serif';">&#160;</td>
          <td style="width: 50%; vertical-align: top;">
            <div style="font-family: Arial,Helvetica,'sans-serif';">Goldman Sachs &amp; Co. LLC</div>
            <div style="font-family: Arial,Helvetica,'sans-serif';">Barclays Capital Inc.</div>
            <div style="font-family: Arial,Helvetica,'sans-serif';">J.P. Morgan Securities LLC</div>
            <div style="font-family: Arial,Helvetica,'sans-serif';">BofA Securities, Inc.</div>
            <div style="font-family: Arial,Helvetica,'sans-serif';">Deutsche Bank Securities Inc.</div>
            <div style="font-family: Arial,Helvetica,'sans-serif';">Morgan Stanley &amp; Co. LLC</div>
          </td>
        </tr>
        <tr>
          <td rowspan="1" style="width: 49%; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">
            <div>Co-Managers:</div>
          </td>
          <td rowspan="1" style="width: 0.96%; vertical-align: bottom; font-family: Arial,Helvetica,'sans-serif';">&#160;</td>
          <td rowspan="1" style="width: 50%; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">
            <div>Academy Securities, Inc.</div>
            <div>Cabrera Capital Markets LLC</div>
            <div>CastleOak Securities, L.P.</div>
            <div>Great Pacific Securities</div>
            <div>Loop Capital Markets LLC</div>
            <div>R. Seelaus &amp; Co., LLC</div>
          </td>
        </tr>

    </table>
    <div style="font-family: Arial,Helvetica,'sans-serif';"><br>
    </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
      <div style="page-break-after: always;" class="BRPFPageBreak">
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    </div>
    <div style="font-family: Arial,Helvetica,'sans-serif';"><br>
    </div>
    <div style="text-align: center; font-family: Arial,Helvetica,'sans-serif';"><u>4.300% Notes due 2033 (&#8220;2033 Notes&#8221;)</u></div>
    <div><font style="font-family: Arial,Helvetica,'sans-serif';"> <br>
      </font></div>
    <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="z24bb937c0c2c43f79f8829b551201fe0" border="0" cellpadding="4" cellspacing="0">

        <tr>
          <td style="width: 49%; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">
            <div>Issuer:</div>
          </td>
          <td style="width: 0.96%; vertical-align: bottom; font-family: Arial,Helvetica,'sans-serif';">&#160;</td>
          <td style="width: 50%; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">
            <div>Apple Inc.</div>
          </td>
        </tr>
        <tr>
          <td style="width: 49%; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">
            <div>Principal Amount:</div>
          </td>
          <td style="width: 0.96%; vertical-align: bottom; font-family: Arial,Helvetica,'sans-serif';">&#160;</td>
          <td style="width: 50%; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">
            <div>$1,000,000,000</div>
          </td>
        </tr>
        <tr>
          <td style="width: 49%; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">
            <div>Maturity:</div>
          </td>
          <td style="width: 0.96%; vertical-align: bottom; font-family: Arial,Helvetica,'sans-serif';">&#160;</td>
          <td style="width: 50%; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">
            <div>May 10, 2033</div>
          </td>
        </tr>
        <tr>
          <td style="width: 49%; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">
            <div>Coupon:</div>
          </td>
          <td style="width: 0.96%; vertical-align: bottom; font-family: Arial,Helvetica,'sans-serif';">&#160;</td>
          <td style="width: 50%; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">
            <div>4.300%</div>
          </td>
        </tr>
        <tr>
          <td style="width: 49%; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">
            <div>Price to Public:</div>
          </td>
          <td style="width: 0.96%; vertical-align: bottom; font-family: Arial,Helvetica,'sans-serif';">&#160;</td>
          <td style="width: 50%; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">
            <div>99.911%</div>
          </td>
        </tr>
        <tr>
          <td style="width: 49%; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">
            <div>Interest Payment Dates:</div>
          </td>
          <td style="width: 0.96%; vertical-align: bottom; font-family: Arial,Helvetica,'sans-serif';">&#160;</td>
          <td style="width: 50%; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">
            <div>May 10 and November 10, commencing November 10, 2023</div>
          </td>
        </tr>
        <tr>
          <td style="width: 49%; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">
            <div>Day Count Convention:</div>
          </td>
          <td style="width: 0.96%; vertical-align: bottom; font-family: Arial,Helvetica,'sans-serif';">&#160;</td>
          <td style="width: 50%; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">
            <div>30/360</div>
          </td>
        </tr>
        <tr>
          <td style="width: 49%; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">
            <div>Benchmark Treasury:</div>
          </td>
          <td style="width: 0.96%; vertical-align: bottom; font-family: Arial,Helvetica,'sans-serif';">&#160;</td>
          <td style="width: 50%; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">
            <div>3.500% due February 15, 2033</div>
          </td>
        </tr>
        <tr>
          <td style="width: 49%; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">
            <div>Benchmark Treasury Yield:</div>
          </td>
          <td style="width: 0.96%; vertical-align: bottom; font-family: Arial,Helvetica,'sans-serif';">&#160;</td>
          <td style="width: 50%; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">
            <div>3.511%</div>
          </td>
        </tr>
        <tr>
          <td style="width: 49%; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">
            <div>Spread to Benchmark Treasury:</div>
          </td>
          <td style="width: 0.96%; vertical-align: bottom; font-family: Arial,Helvetica,'sans-serif';">&#160;</td>
          <td style="width: 50%; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">
            <div>80 basis points</div>
          </td>
        </tr>
        <tr>
          <td style="width: 49%; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">
            <div>Yield:</div>
          </td>
          <td style="width: 0.96%; vertical-align: bottom; font-family: Arial,Helvetica,'sans-serif';">&#160;</td>
          <td style="width: 50%; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">
            <div>4.311%</div>
          </td>
        </tr>
        <tr>
          <td style="width: 49%; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">
            <div>Redemption:</div>
          </td>
          <td style="width: 0.96%; vertical-align: bottom; font-family: Arial,Helvetica,'sans-serif';">&#160;</td>
          <td style="width: 50%; vertical-align: top;">
            <div style="font-family: Arial,Helvetica,'sans-serif';">Prior to February 10, 2033, Apple Inc. may at its option redeem the 2033 Notes, at any time in whole or from time to time in part, at a redemption price as calculated by Apple (expressed
              as a percentage of principal amount and rounded to three decimal places), equal to the greater of: (i) 100% of the principal amount of the 2033 Notes being redeemed; and (ii) the sum of the present values of the remaining scheduled payments
              of principal and interest on the 2033 Notes being redeemed (assuming that such notes matured on February 10, 2033), exclusive of interest accrued to, but excluding, the date of redemption, discounted to the date of redemption on a semi-annual
              basis (assuming a 360-day year consisting of twelve 30-day months) at the applicable Treasury Rate (as defined in the 2033 Notes) plus 12.5 basis points, plus, in each case, accrued and unpaid interest thereon to, but excluding, the date of
              redemption.</div>
            <div style="font-family: Arial,Helvetica,'sans-serif'; font-size: 6pt;">&#160;</div>
            <div style="font-family: Arial,Helvetica,'sans-serif';">On or after February 10, 2033, Apple Inc. may at its option redeem the 2033 Notes, at any time in whole or from time to time in part, prior to their maturity, at a redemption price equal
              to 100% of the principal amount of the 2033 Notes being redeemed, plus accrued and unpaid interest thereon to, but excluding, the date of redemption.</div>
          </td>
        </tr>

    </table>
    <div style="font-family: Arial,Helvetica,'sans-serif';"><br>
    </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
      <div style="page-break-after: always;" class="BRPFPageBreak">
        <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;" noshade="noshade"></div>
    </div>
    <div style="font-family: Arial,Helvetica,'sans-serif';"><br>
    </div>
    <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="zfc7a98cee849469b835312c79b888742" border="0" cellpadding="4" cellspacing="0">

        <tr>
          <td style="width: 49%; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">
            <div>Trade Date:</div>
          </td>
          <td style="width: 0.96%; vertical-align: bottom; font-family: Arial,Helvetica,'sans-serif';">&#160;</td>
          <td style="width: 50%; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">
            <div>May 8, 2023</div>
          </td>
        </tr>
        <tr>
          <td style="width: 49%; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">
            <div>Settlement Date:</div>
          </td>
          <td style="width: 0.96%; vertical-align: bottom; font-family: Arial,Helvetica,'sans-serif';">&#160;</td>
          <td style="width: 50%; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">
            <div>May 10, 2023 (T+2)</div>
          </td>
        </tr>
        <tr>
          <td style="width: 49%; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">
            <div>Denominations:</div>
          </td>
          <td style="width: 0.96%; vertical-align: bottom; font-family: Arial,Helvetica,'sans-serif';">&#160;</td>
          <td style="width: 50%; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">
            <div>$2,000 and any integral multiple of $1,000 in excess thereof</div>
          </td>
        </tr>
        <tr>
          <td style="width: 49%; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">
            <div>Ratings:*</div>
          </td>
          <td style="width: 0.96%; vertical-align: bottom; font-family: Arial,Helvetica,'sans-serif';">&#160;</td>
          <td style="width: 50%; vertical-align: top;">
            <div style="font-family: Arial,Helvetica,'sans-serif';">Aaa (stable) by Moody&#8217;s Investors Service, Inc.</div>
            <div style="font-family: Arial,Helvetica,'sans-serif'; font-size: 6pt;">&#160;</div>
            <div style="font-family: Arial,Helvetica,'sans-serif';">AA+ (stable) by Standard &amp; Poor&#8217;s Ratings Services</div>
          </td>
        </tr>
        <tr>
          <td style="width: 49%; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">
            <div>Net Proceeds:</div>
          </td>
          <td style="width: 0.96%; vertical-align: bottom; font-family: Arial,Helvetica,'sans-serif';">&#160;</td>
          <td style="width: 50%; vertical-align: top;">
            <div><font style="font-family: Arial,Helvetica,'sans-serif';">Aggregate net proceeds from sale of all notes offered pursuant to this Pricing Term Sheet will be approximately $5.22&#160;billion after deducting underwriting discounts and Apple&#8217;s
                offering expenses.</font></div>
          </td>
        </tr>
        <tr>
          <td style="width: 49%; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">
            <div>CUSIP/ISIN:</div>
          </td>
          <td style="width: 0.96%; vertical-align: bottom; font-family: Arial,Helvetica,'sans-serif';">&#160;</td>
          <td style="width: 50%; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">
            <div>037833 EV8 / US037833EV87</div>
          </td>
        </tr>
        <tr>
          <td style="width: 49%; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">
            <div>Underwriters:</div>
          </td>
          <td style="width: 0.96%; vertical-align: bottom; font-family: Arial,Helvetica,'sans-serif';">&#160;</td>
          <td style="width: 50%; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">&#160;</td>
        </tr>
        <tr>
          <td style="width: 49%; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">
            <div>Joint Book-Running Managers:</div>
          </td>
          <td style="width: 0.96%; vertical-align: bottom; font-family: Arial,Helvetica,'sans-serif';">&#160;</td>
          <td style="width: 50%; vertical-align: top;">
            <div style="font-family: Arial,Helvetica,'sans-serif';">Goldman Sachs &amp; Co. LLC</div>
            <div style="font-family: Arial,Helvetica,'sans-serif';">Barclays Capital Inc.</div>
            <div style="font-family: Arial,Helvetica,'sans-serif';">J.P. Morgan Securities LLC</div>
            <div style="font-family: Arial,Helvetica,'sans-serif';">BofA Securities, Inc.</div>
            <div style="font-family: Arial,Helvetica,'sans-serif';">Deutsche Bank Securities Inc.</div>
            <div style="font-family: Arial,Helvetica,'sans-serif';">Morgan Stanley &amp; Co. LLC</div>
          </td>
        </tr>
        <tr>
          <td style="width: 49%; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">
            <div>Co-Managers:</div>
          </td>
          <td style="width: 0.96%; vertical-align: bottom; font-family: Arial,Helvetica,'sans-serif';">&#160;</td>
          <td style="width: 50%; vertical-align: top;">
            <div style="font-family: Arial,Helvetica,'sans-serif';">Academy Securities, Inc.</div>
            <div style="font-family: Arial,Helvetica,'sans-serif';">Cabrera Capital Markets LLC</div>
            <div style="font-family: Arial,Helvetica,'sans-serif';">CastleOak Securities, L.P.</div>
            <div style="font-family: Arial,Helvetica,'sans-serif';">Great Pacific Securities</div>
            <div style="font-family: Arial,Helvetica,'sans-serif';">Loop Capital Markets LLC</div>
            <div style="font-family: Arial,Helvetica,'sans-serif';">R. Seelaus &amp; Co., LLC</div>
          </td>
        </tr>

    </table>
    <div style="font-family: Arial,Helvetica,'sans-serif';"><br>
    </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
      <div style="page-break-after: always;" class="BRPFPageBreak">
        <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;" noshade="noshade"></div>
    </div>
    <div style="font-family: Arial,Helvetica,'sans-serif';"><br>
    </div>
    <div style="text-align: center; font-family: Arial,Helvetica,'sans-serif';"><u>4.850% Notes due 2053 (&#8220;2053 Notes&#8221;)</u></div>
    <div><font style="font-family: Arial,Helvetica,'sans-serif';"> <br>
      </font></div>
    <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="z9b80198c41b94b4a9215b8d2c93402d8" border="0" cellpadding="4" cellspacing="0">

        <tr>
          <td style="width: 49%; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">
            <div>Issuer:</div>
          </td>
          <td style="width: 0.96%; vertical-align: bottom; font-family: Arial,Helvetica,'sans-serif';">&#160;</td>
          <td style="width: 50%; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">
            <div>Apple Inc.</div>
          </td>
        </tr>
        <tr>
          <td style="width: 49%; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">
            <div>Principal Amount:</div>
          </td>
          <td style="width: 0.96%; vertical-align: bottom; font-family: Arial,Helvetica,'sans-serif';">&#160;</td>
          <td style="width: 50%; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">
            <div>$1,250,000,000</div>
          </td>
        </tr>
        <tr>
          <td style="width: 49%; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">
            <div>Maturity:</div>
          </td>
          <td style="width: 0.96%; vertical-align: bottom; font-family: Arial,Helvetica,'sans-serif';">&#160;</td>
          <td style="width: 50%; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">
            <div>May 10, 2053</div>
          </td>
        </tr>
        <tr>
          <td style="width: 49%; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">
            <div>Coupon:</div>
          </td>
          <td style="width: 0.96%; vertical-align: bottom; font-family: Arial,Helvetica,'sans-serif';">&#160;</td>
          <td style="width: 50%; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">
            <div>4.850%</div>
          </td>
        </tr>
        <tr>
          <td style="width: 49%; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">
            <div>Price to Public:</div>
          </td>
          <td style="width: 0.96%; vertical-align: bottom; font-family: Arial,Helvetica,'sans-serif';">&#160;</td>
          <td style="width: 50%; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">
            <div>99.499%</div>
          </td>
        </tr>
        <tr>
          <td style="width: 49%; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">
            <div>Interest Payment Dates:</div>
          </td>
          <td style="width: 0.96%; vertical-align: bottom; font-family: Arial,Helvetica,'sans-serif';">&#160;</td>
          <td style="width: 50%; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">
            <div>May 10 and November 10, commencing November 10, 2023</div>
          </td>
        </tr>
        <tr>
          <td style="width: 49%; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">
            <div>Day Count Convention:</div>
          </td>
          <td style="width: 0.96%; vertical-align: bottom; font-family: Arial,Helvetica,'sans-serif';">&#160;</td>
          <td style="width: 50%; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">
            <div>30/360</div>
          </td>
        </tr>
        <tr>
          <td style="width: 49%; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">
            <div>Benchmark Treasury:</div>
          </td>
          <td style="width: 0.96%; vertical-align: bottom; font-family: Arial,Helvetica,'sans-serif';">&#160;</td>
          <td style="width: 50%; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">
            <div>4.000% due November 15, 2052</div>
          </td>
        </tr>
        <tr>
          <td style="width: 49%; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">
            <div>Benchmark Treasury Yield:</div>
          </td>
          <td style="width: 0.96%; vertical-align: bottom; font-family: Arial,Helvetica,'sans-serif';">&#160;</td>
          <td style="width: 50%; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">
            <div>3.802%</div>
          </td>
        </tr>
        <tr>
          <td style="width: 49%; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">
            <div>Spread to Benchmark Treasury:</div>
          </td>
          <td style="width: 0.96%; vertical-align: bottom; font-family: Arial,Helvetica,'sans-serif';">&#160;</td>
          <td style="width: 50%; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">
            <div>108 basis points</div>
          </td>
        </tr>
        <tr>
          <td style="width: 49%; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">
            <div>Yield:</div>
          </td>
          <td style="width: 0.96%; vertical-align: bottom; font-family: Arial,Helvetica,'sans-serif';">&#160;</td>
          <td style="width: 50%; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">
            <div>4.882%</div>
          </td>
        </tr>
        <tr>
          <td style="width: 49%; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">
            <div>Redemption:</div>
          </td>
          <td style="width: 0.96%; vertical-align: bottom; font-family: Arial,Helvetica,'sans-serif';">&#160;</td>
          <td style="width: 50%; vertical-align: top;">
            <div style="font-family: Arial,Helvetica,'sans-serif';">Prior to November 10, 2052, Apple Inc. may at its option redeem the 2053 Notes, at any time in whole or from time to time in part, at a redemption price as calculated by Apple (expressed
              as a percentage of principal amount and rounded to three decimal places), equal to the greater of: (i) 100% of the principal amount of the 2053 Notes being redeemed; and (ii) the sum of the present values of the remaining scheduled payments
              of principal and interest on the 2053 Notes being redeemed (assuming that such notes matured on November 10, 2052), exclusive of interest accrued to, but excluding, the date of redemption, discounted to the date of redemption on a semi-annual
              basis (assuming a 360-day year consisting of twelve 30-day months) at the applicable Treasury Rate (as defined in the 2053 Notes) plus 20 basis points, plus, in each case, accrued and unpaid interest thereon to, but excluding, the date of
              redemption.</div>
            <div style="font-family: Arial,Helvetica,'sans-serif'; font-size: 6pt;">&#160;</div>
            <div style="font-family: Arial,Helvetica,'sans-serif';">On or after November 10, 2052, Apple Inc. may at its option redeem the 2053 Notes, at any time in whole or from time to time in part, prior to their maturity, at a redemption price equal
              to 100% of the principal amount of the 2053 Notes being redeemed, plus accrued and unpaid interest thereon to, but excluding, the date of redemption.</div>
          </td>
        </tr>

    </table>
    <div style="font-family: Arial,Helvetica,'sans-serif';"><br>
    </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
      <div style="page-break-after: always;" class="BRPFPageBreak">
        <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;" noshade="noshade"></div>
    </div>
    <div style="font-family: Arial,Helvetica,'sans-serif';"><br>
    </div>
    <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="zbedf873bfab249b8b6c9a3e2a008cee5" border="0" cellpadding="4" cellspacing="0">

        <tr>
          <td style="width: 49%; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">
            <div>Trade Date:</div>
          </td>
          <td style="width: 0.96%; vertical-align: bottom; font-family: Arial,Helvetica,'sans-serif';">&#160;</td>
          <td style="width: 50%; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">
            <div>May 8, 2023</div>
          </td>
        </tr>
        <tr>
          <td style="width: 49%; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">
            <div>Settlement Date:</div>
          </td>
          <td style="width: 0.96%; vertical-align: bottom; font-family: Arial,Helvetica,'sans-serif';">&#160;</td>
          <td style="width: 50%; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">
            <div>May 10, 2023 (T+2)</div>
          </td>
        </tr>
        <tr>
          <td style="width: 49%; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">
            <div>Denominations:</div>
          </td>
          <td style="width: 0.96%; vertical-align: bottom; font-family: Arial,Helvetica,'sans-serif';">&#160;</td>
          <td style="width: 50%; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">
            <div>$2,000 and any integral multiple of $1,000 in excess thereof</div>
          </td>
        </tr>
        <tr>
          <td style="width: 49%; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">
            <div>Ratings:*</div>
          </td>
          <td style="width: 0.96%; vertical-align: bottom; font-family: Arial,Helvetica,'sans-serif';">&#160;</td>
          <td style="width: 50%; vertical-align: top;">
            <div style="font-family: Arial,Helvetica,'sans-serif';">Aaa (stable) by Moody&#8217;s Investors Service, Inc.</div>
            <div style="font-family: Arial,Helvetica,'sans-serif'; font-size: 6pt;">&#160;</div>
            <div style="font-family: Arial,Helvetica,'sans-serif';">AA+ (stable) by Standard &amp; Poor&#8217;s Ratings Services</div>
          </td>
        </tr>
        <tr>
          <td style="width: 49%; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">
            <div>Net Proceeds:</div>
          </td>
          <td style="width: 0.96%; vertical-align: bottom; font-family: Arial,Helvetica,'sans-serif';">&#160;</td>
          <td style="width: 50%; vertical-align: top;">
            <div><font style="font-family: Arial,Helvetica,'sans-serif';">Aggregate net proceeds from sale of all notes offered pursuant to this Pricing Term Sheet will be approximately $5.22&#160;billion after deducting underwriting discounts and Apple&#8217;s
                offering expenses.</font></div>
          </td>
        </tr>
        <tr>
          <td style="width: 49%; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">
            <div>CUSIP/ISIN:</div>
          </td>
          <td style="width: 0.96%; vertical-align: bottom; font-family: Arial,Helvetica,'sans-serif';">&#160;</td>
          <td style="width: 50%; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">
            <div>037833 EW6 / US037833EW60</div>
          </td>
        </tr>
        <tr>
          <td style="width: 49%; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">
            <div>Underwriters:</div>
          </td>
          <td style="width: 0.96%; vertical-align: bottom; font-family: Arial,Helvetica,'sans-serif';">&#160;</td>
          <td style="width: 50%; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">&#160;</td>
        </tr>
        <tr>
          <td style="width: 49%; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">
            <div>Joint Book-Running Managers:</div>
          </td>
          <td style="width: 0.96%; vertical-align: bottom; font-family: Arial,Helvetica,'sans-serif';">&#160;</td>
          <td style="width: 50%; vertical-align: top;">
            <div style="font-family: Arial,Helvetica,'sans-serif';">Goldman Sachs &amp; Co. LLC</div>
            <div style="font-family: Arial,Helvetica,'sans-serif';">Barclays Capital Inc.</div>
            <div style="font-family: Arial,Helvetica,'sans-serif';">J.P. Morgan Securities LLC</div>
            <div style="font-family: Arial,Helvetica,'sans-serif';">BofA Securities, Inc.</div>
            <div style="font-family: Arial,Helvetica,'sans-serif';">Deutsche Bank Securities Inc.</div>
            <div style="font-family: Arial,Helvetica,'sans-serif';">Morgan Stanley &amp; Co. LLC</div>
          </td>
        </tr>
        <tr>
          <td style="width: 49%; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">
            <div>Co-Managers:</div>
          </td>
          <td style="width: 0.96%; vertical-align: bottom; font-family: Arial,Helvetica,'sans-serif';">&#160;</td>
          <td style="width: 50%; vertical-align: top;">
            <div style="font-family: Arial,Helvetica,'sans-serif';">Academy Securities, Inc.</div>
            <div style="font-family: Arial,Helvetica,'sans-serif';">Cabrera Capital Markets LLC</div>
            <div style="font-family: Arial,Helvetica,'sans-serif';">CastleOak Securities, L.P.</div>
            <div style="font-family: Arial,Helvetica,'sans-serif';">Great Pacific Securities</div>
            <div style="font-family: Arial,Helvetica,'sans-serif';">Loop Capital Markets LLC</div>
            <div style="font-family: Arial,Helvetica,'sans-serif';">R. Seelaus &amp; Co., LLC</div>
          </td>
        </tr>

    </table>
    <div><font style="font-family: Arial,Helvetica,'sans-serif';"> <br>
      </font></div>
    <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="z57c4306c4e624603b42bd75af2836e56" border="0" cellpadding="0" cellspacing="0">

        <tr>
          <td style="width: 1%; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">
            <div>*</div>
          </td>
          <td style="width: 99%; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">
            <div>Note: A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time.</div>
          </td>
        </tr>

    </table>
    <div style="font-family: Arial,Helvetica,'sans-serif';"><br>
    </div>
    <div style="font-family: Arial,Helvetica,'sans-serif'; font-weight: bold;">The issuer has filed a registration statement (including a prospectus) and a prospectus supplement with the Securities and Exchange Commission (&#8220;SEC&#8221;) for the offering to which
      this communication relates. Before you invest, you should read the prospectus in that registration statement, the prospectus supplement and other documents the issuer has filed with the SEC for more complete information about the issuer and this
      offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus and prospectus
      supplement if you request it by calling Goldman Sachs &amp; Co. LLC toll-free at 1-866-471-2526, Barclays Capital Inc. toll-free at 1-888-603-5847, or J.P. Morgan Securities LLC collect at 1-212-834-4533, or by contacting Apple Inc.&#8217;s Investor
      Relations at investor_relations@apple.com.</div>
    <div style="font-family: Arial,Helvetica,'sans-serif';"><br>
    </div>
    <div style="font-family: Arial,Helvetica,'sans-serif'; font-weight: bold;">Any disclaimer or other notice that may appear below is not applicable to this communication and should be disregarded. Such disclaimer or notice was automatically generated as
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