<SEC-DOCUMENT>0001140361-25-017410.txt : 20250506
<SEC-HEADER>0001140361-25-017410.hdr.sgml : 20250506
<ACCEPTANCE-DATETIME>20250505205813
ACCESSION NUMBER:		0001140361-25-017410
CONFORMED SUBMISSION TYPE:	FWP
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20250506
DATE AS OF CHANGE:		20250505

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Apple Inc.
		CENTRAL INDEX KEY:			0000320193
		STANDARD INDUSTRIAL CLASSIFICATION:	ELECTRONIC COMPUTERS [3571]
		ORGANIZATION NAME:           	06 Technology
		EIN:				942404110
		STATE OF INCORPORATION:			CA
		FISCAL YEAR END:			0927

	FILING VALUES:
		FORM TYPE:		FWP
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	333-282937
		FILM NUMBER:		25914799

	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]
		ORGANIZATION NAME:           	06 Technology
		EIN:				942404110
		STATE OF INCORPORATION:			CA
		FISCAL YEAR END:			0927

	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>ny20048442x2_fwp.htm
<DESCRIPTION>FWP
<TEXT>
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<body style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left; color: #000000;" bgcolor="#ffffff">
  <div>
    <div style="text-align: right; font-style: italic;">
      <hr style="height: 4px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;" align="center" noshade="noshade">Filed Pursuant to Rule 433</div>
    <div style="text-align: right; font-style: italic;">Registration No. 333-282937</div>
    <div style="text-align: right; font-style: italic;">Issuer Free Writing Prospectus dated May 5, 2025</div>
    <div style="text-align: right; font-style: italic;">Relating to Preliminary Prospectus Supplement dated May 5, 2025</div>
    <div><br>
    </div>
    <div style="text-align: center;">APPLE INC.</div>
    <div style="text-align: center;">FINAL PRICING TERM SHEET</div>
    <div><br>
    </div>
    <div style="text-align: center;"><u>4.000% Notes due 2028 (&#8220;2028 Notes&#8221;)</u></div>
    <div><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="z78d6bb4efbc24f298e68f475d68476eb" cellpadding="0" cellspacing="0">

        <tr>
          <td style="width: 50.99%; vertical-align: middle;">&#160;</td>
          <td style="width: 1%; vertical-align: bottom;">&#160;</td>
          <td style="width: 48%; vertical-align: middle;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 50.99%; vertical-align: top;">
            <div style="color: #000000;">Issuer:</div>
          </td>
          <td style="width: 1%; vertical-align: bottom;">&#160;</td>
          <td style="width: 48%; vertical-align: top;">
            <div style="color: #000000;">Apple Inc.</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50.99%; vertical-align: middle;">&#160;</td>
          <td colspan="2" style="width: 49.01%; vertical-align: middle;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 50.99%; vertical-align: top;">
            <div style="color: #000000;">Principal Amount:</div>
          </td>
          <td style="width: 1%; vertical-align: bottom;">&#160;</td>
          <td style="width: 48%; vertical-align: top;">
            <div style="color: #000000;">$1,500,000,000</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50.99%; vertical-align: middle;">&#160;</td>
          <td colspan="2" style="width: 49.01%; vertical-align: middle;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 50.99%; vertical-align: top;">
            <div style="color: #000000;">Maturity:</div>
          </td>
          <td style="width: 1%; vertical-align: bottom;">&#160;</td>
          <td style="width: 48%; vertical-align: top;">
            <div style="color: #000000;">May 12, 2028</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50.99%; vertical-align: middle;">&#160;</td>
          <td colspan="2" style="width: 49.01%; vertical-align: middle;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 50.99%; vertical-align: top;">
            <div style="color: #000000;">Coupon:</div>
          </td>
          <td style="width: 1%; vertical-align: bottom;">&#160;</td>
          <td style="width: 48%; vertical-align: top;">
            <div style="color: #000000;">4.000%</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50.99%; vertical-align: middle;">&#160;</td>
          <td colspan="2" style="width: 49.01%; vertical-align: middle;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 50.99%; vertical-align: top;">
            <div style="color: #000000;">Price to Public:</div>
          </td>
          <td style="width: 1%; vertical-align: bottom;">&#160;</td>
          <td style="width: 48%; vertical-align: top;">
            <div style="color: #000000;">99.804%</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50.99%; vertical-align: middle;">
            <div style="color: #000000;"><br>
            </div>
          </td>
          <td colspan="2" style="width: 49.01%; vertical-align: middle;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 50.99%; vertical-align: top;">
            <div style="color: #000000;">Interest Payment Dates:</div>
          </td>
          <td style="width: 1%; vertical-align: bottom;">&#160;</td>
          <td style="width: 48%; vertical-align: top;">
            <div style="color: #000000;">May 12 and November 12, commencing November 12, 2025</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50.99%; vertical-align: middle;">&#160;</td>
          <td colspan="2" style="width: 49.01%; vertical-align: middle;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 50.99%; vertical-align: top;">
            <div style="color: #000000;">Day Count Convention:</div>
          </td>
          <td style="width: 1%; vertical-align: bottom;">&#160;</td>
          <td style="width: 48%; vertical-align: top;">
            <div style="color: #000000;">30/360</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50.99%; vertical-align: middle;">&#160;</td>
          <td colspan="2" style="width: 49.01%; vertical-align: middle;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 50.99%; vertical-align: top;">
            <div style="color: #000000;">Benchmark Treasury:</div>
          </td>
          <td style="width: 1%; vertical-align: bottom;">&#160;</td>
          <td style="width: 48%; vertical-align: top;">
            <div style="color: #000000;">3.750% due April 15, 2028</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50.99%; vertical-align: middle;">&#160;</td>
          <td colspan="2" style="width: 49.01%; vertical-align: middle;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 50.99%; vertical-align: top;">
            <div style="color: #000000;">Benchmark Treasury Yield:</div>
          </td>
          <td style="width: 1%; vertical-align: bottom;">&#160;</td>
          <td style="width: 48%; vertical-align: top;">
            <div style="color: #000000;">3.820%</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50.99%; vertical-align: middle;">&#160;</td>
          <td colspan="2" style="width: 49.01%; vertical-align: middle;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 50.99%; vertical-align: top;">
            <div style="color: #000000;">Spread to Benchmark Treasury:</div>
          </td>
          <td style="width: 1%; vertical-align: bottom;">&#160;</td>
          <td style="width: 48%; vertical-align: top;">
            <div style="color: #000000;">25 basis points</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50.99%; vertical-align: middle;">&#160;</td>
          <td colspan="2" style="width: 49.01%; vertical-align: middle;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 50.99%; vertical-align: top;">
            <div style="color: #000000;">Yield:</div>
          </td>
          <td style="width: 1%; vertical-align: bottom;">&#160;</td>
          <td style="width: 48%; vertical-align: top;">
            <div style="color: #000000;">4.070%</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50.99%; vertical-align: top;">
            <div>&#160;</div>
            <div style="color: #000000;">Redemption:</div>
          </td>
          <td style="width: 1%; vertical-align: bottom;">&#160;</td>
          <td style="width: 48%; vertical-align: top;">
            <div>&#160;</div>
            <div style="color: #000000;">Prior to April 12, 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 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 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 12, 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 5 basis points, plus, in each case, accrued and unpaid interest thereon to, but
              excluding, the date of redemption.</div>
            <div>&#160;</div>
            <div style="color: #000000;">On or after April 12, 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>
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    <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
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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;" cellpadding="0" cellspacing="0">

        <tr>
          <td style="width: 50.89%; vertical-align: top;">
            <div style="color: #000000;">Trade Date:</div>
          </td>
          <td style="width: 1%; vertical-align: bottom;">&#160;</td>
          <td style="width: 48%; vertical-align: top;">
            <div style="color: #000000;">May 5, 2025</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50.89%; vertical-align: middle;">&#160;</td>
          <td colspan="2" style="width: 49%; vertical-align: middle;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 50.89%; vertical-align: top;">
            <div style="color: #000000;">Settlement Date:</div>
          </td>
          <td style="width: 1%; vertical-align: bottom;">&#160;</td>
          <td style="width: 48%; vertical-align: top;">
            <div style="color: #000000;">May 12, 2025 (T+5)</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50.89%; vertical-align: middle;">&#160;</td>
          <td colspan="2" style="width: 49%; vertical-align: middle;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 50.89%; vertical-align: top;">
            <div style="color: #000000;">Denominations:</div>
          </td>
          <td style="width: 1%; vertical-align: bottom;">&#160;</td>
          <td style="width: 48%; vertical-align: top;">
            <div style="color: #000000;">$2,000 and any integral multiple of $1,000 in excess thereof</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50.89%; vertical-align: middle;">&#160;</td>
          <td colspan="2" style="width: 49%; vertical-align: middle;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 50.89%; vertical-align: top;">
            <div style="color: #000000;">Ratings:*</div>
          </td>
          <td style="width: 1%; vertical-align: bottom;">&#160;</td>
          <td style="width: 48%; vertical-align: top;">
            <div style="color: #000000;">Aaa (stable) by Moody&#8217;s Investors Service, Inc.</div>
            <div>&#160;</div>
            <div style="color: #000000;">AA+ (stable) by Standard &amp; Poor&#8217;s Ratings Services</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50.89%; vertical-align: middle;">&#160;</td>
          <td colspan="2" style="width: 49%; vertical-align: middle;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 50.89%; vertical-align: top;">
            <div style="color: #000000;">Net Proceeds:</div>
          </td>
          <td style="width: 1%; vertical-align: bottom;">&#160;</td>
          <td style="width: 48%; vertical-align: top;">
            <div><font style="color: #000000;">Aggregate net proceeds from sale of all notes offered pursuant to this Pricing Term Sheet will be approximately $4.47</font>&#160;<font style="color: #000000;">billion after deducting underwriting discounts and
                Apple&#8217;s offering expenses.</font></div>
          </td>
        </tr>
        <tr>
          <td style="width: 50.89%; vertical-align: middle;">&#160;</td>
          <td colspan="2" style="width: 49%; vertical-align: middle;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 50.89%; vertical-align: top;">
            <div style="color: #000000;">CUSIP/ISIN:</div>
          </td>
          <td style="width: 1%; vertical-align: bottom;">&#160;</td>
          <td style="width: 48%; vertical-align: top;">
            <div style="color: #000000;">037833EY2 / US037833EY27</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50.89%; vertical-align: middle;">&#160;</td>
          <td colspan="2" style="width: 49%; vertical-align: middle;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 50.89%; vertical-align: top;">
            <div style="color: #000000;">Underwriters:</div>
          </td>
          <td style="width: 1%; vertical-align: bottom;">&#160;</td>
          <td style="width: 48%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 50.89%; vertical-align: middle;">&#160;</td>
          <td colspan="2" style="width: 49%; vertical-align: middle;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 50.89%; vertical-align: top;">
            <div style="color: #000000;">Joint Book-Running Managers:</div>
          </td>
          <td style="width: 1%; vertical-align: bottom;">&#160;</td>
          <td style="width: 48%; vertical-align: top;">
            <div style="color: #000000;">Goldman Sachs &amp; Co. LLC</div>
            <div style="color: #000000;">Barclays Capital Inc.</div>
            <div style="color: #000000;">BofA Securities, Inc.</div>
            <div style="color: #000000;">J.P. Morgan Securities LLC</div>
            <div style="color: #000000;">Citigroup Global Markets Inc.</div>
            <div style="color: #000000;">Deutsche Bank Securities Inc.</div>
            <div style="color: #000000;">HSBC Securities (USA) Inc.</div>
            <div style="color: #000000;">Morgan Stanley &amp; Co. LLC</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50.89%; vertical-align: middle;">&#160;</td>
          <td colspan="2" style="width: 49%; vertical-align: middle;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 50.89%; vertical-align: top;">
            <div style="color: #000000;">Co-Managers:</div>
          </td>
          <td style="width: 1%; vertical-align: bottom;">&#160;</td>
          <td style="width: 48%; vertical-align: top;">
            <div style="color: #000000;">Academy Securities, Inc.</div>
            <div style="color: #000000;">CastleOak Securities, L.P.</div>
            <div style="color: #000000;">Independence Point Securities LLC</div>
            <div style="color: #000000;">R. Seelaus &amp; Co., LLC</div>
            <div style="color: #000000;">Samuel A. Ramirez &amp; Company, Inc.</div>
            <div style="color: #000000;">Siebert Williams Shank &amp; Co., LLC</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div class="BRPFPageBreak" style="page-break-after: always;">
        <hr style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;" noshade="noshade"></div>
    </div>
    <div style="text-align: center;"><u>4.200% Notes due 2030 (&#8220;2030 Notes&#8221;)</u></div>
    <div> <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="z94a918a7511c4e87ab05a8b5fee55655" cellpadding="0" cellspacing="0">

        <tr>
          <td style="width: 50.89%; vertical-align: top;">
            <div style="color: #000000;">Issuer:</div>
          </td>
          <td style="width: 1%; vertical-align: bottom;">&#160;</td>
          <td style="width: 48%; vertical-align: top;">
            <div style="color: #000000;">Apple Inc.</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50.89%; vertical-align: middle;">&#160;</td>
          <td colspan="2" style="width: 49%; vertical-align: middle;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 50.89%; vertical-align: top;">
            <div style="color: #000000;">Principal Amount:</div>
          </td>
          <td style="width: 1%; vertical-align: bottom;">&#160;</td>
          <td style="width: 48%; vertical-align: top;">
            <div style="color: #000000;">$1,000,000,000</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50.89%; vertical-align: middle;">&#160;</td>
          <td colspan="2" style="width: 49%; vertical-align: middle;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 50.89%; vertical-align: top;">
            <div style="color: #000000;">Maturity:</div>
          </td>
          <td style="width: 1%; vertical-align: bottom;">&#160;</td>
          <td style="width: 48%; vertical-align: top;">
            <div style="color: #000000;">May 12, 2030</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50.89%; vertical-align: middle;">&#160;</td>
          <td colspan="2" style="width: 49%; vertical-align: middle;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 50.89%; vertical-align: top;">
            <div style="color: #000000;">Coupon:</div>
          </td>
          <td style="width: 1%; vertical-align: bottom;">&#160;</td>
          <td style="width: 48%; vertical-align: top;">
            <div style="color: #000000;">4.200%</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50.89%; vertical-align: middle;">&#160;</td>
          <td colspan="2" style="width: 49%; vertical-align: middle;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 50.89%; vertical-align: top;">
            <div style="color: #000000;">Price to Public:</div>
          </td>
          <td style="width: 1%; vertical-align: bottom;">&#160;</td>
          <td style="width: 48%; vertical-align: top;">
            <div style="color: #000000;">99.830%</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50.89%; vertical-align: middle;">&#160;</td>
          <td colspan="2" style="width: 49%; vertical-align: middle;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 50.89%; vertical-align: top;">
            <div style="color: #000000;">Interest Payment Dates:</div>
          </td>
          <td style="width: 1%; vertical-align: bottom;">&#160;</td>
          <td style="width: 48%; vertical-align: top;">
            <div style="color: #000000;">May 12 and November 12, commencing November 12, 2025</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50.89%; vertical-align: middle;">&#160;</td>
          <td colspan="2" style="width: 49%; vertical-align: middle;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 50.89%; vertical-align: top;">
            <div style="color: #000000;">Day Count Convention:</div>
          </td>
          <td style="width: 1%; vertical-align: bottom;">&#160;</td>
          <td style="width: 48%; vertical-align: top;">
            <div style="color: #000000;">30/360</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50.89%; vertical-align: middle;">&#160;</td>
          <td colspan="2" style="width: 49%; vertical-align: middle;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 50.89%; vertical-align: top;">
            <div style="color: #000000;">Benchmark Treasury:</div>
          </td>
          <td style="width: 1%; vertical-align: bottom;">&#160;</td>
          <td style="width: 48%; vertical-align: top;">
            <div style="color: #000000;">3.875% due April 30, 2030</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50.89%; vertical-align: middle;">&#160;</td>
          <td colspan="2" style="width: 49%; vertical-align: middle;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 50.89%; vertical-align: top;">
            <div style="color: #000000;">Benchmark Treasury Yield:</div>
          </td>
          <td style="width: 1%; vertical-align: bottom;">&#160;</td>
          <td style="width: 48%; vertical-align: top;">
            <div style="color: #000000;">3.938%</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50.89%; vertical-align: middle;">&#160;</td>
          <td colspan="2" style="width: 49%; vertical-align: middle;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 50.89%; vertical-align: top;">
            <div style="color: #000000;">Spread to Benchmark Treasury:</div>
          </td>
          <td style="width: 1%; vertical-align: bottom;">&#160;</td>
          <td style="width: 48%; vertical-align: top;">
            <div style="color: #000000;">30 basis points</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50.89%; vertical-align: middle;">&#160;</td>
          <td colspan="2" style="width: 49%; vertical-align: middle;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 50.89%; vertical-align: top;">
            <div style="color: #000000;">Yield:</div>
          </td>
          <td style="width: 1%; vertical-align: bottom;">&#160;</td>
          <td style="width: 48%; vertical-align: top;">
            <div style="color: #000000;">4.238%</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50.89%; vertical-align: top;">
            <div>&#160;</div>
            <div style="color: #000000;">Redemption:</div>
          </td>
          <td style="width: 1%; vertical-align: bottom;">&#160;</td>
          <td style="width: 48%; vertical-align: top;">
            <div>&#160;</div>
            <div style="color: #000000;">Prior to April 12, 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 April 12, 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 5 basis points, plus, in each case, accrued and unpaid interest thereon to, but excluding, the date of redemption.</div>
            <div>&#160;</div>
            <div style="color: #000000;">On or after April 12, 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>
        <tr>
          <td style="width: 50.89%; vertical-align: middle;">&#160;</td>
          <td colspan="2" style="width: 49%; vertical-align: middle;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 50.89%; vertical-align: top;">
            <div style="color: #000000;">Trade Date:</div>
          </td>
          <td style="width: 1%; vertical-align: bottom;">&#160;</td>
          <td style="width: 48%; vertical-align: top;">
            <div style="color: #000000;">May 5, 2025</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50.89%; vertical-align: middle;">&#160;</td>
          <td colspan="2" style="width: 49%; vertical-align: middle;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 50.89%; vertical-align: top;">
            <div style="color: #000000;">Settlement Date:</div>
          </td>
          <td style="width: 1%; vertical-align: bottom;">&#160;</td>
          <td style="width: 48%; vertical-align: top;">
            <div style="color: #000000;">May 12, 2025 (T+5)</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50.89%; vertical-align: middle;">&#160;</td>
          <td colspan="2" style="width: 49%; vertical-align: middle;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 50.89%; vertical-align: top;">
            <div style="color: #000000;">Denominations:</div>
          </td>
          <td style="width: 1%; vertical-align: bottom;">&#160;</td>
          <td style="width: 48%; vertical-align: top;">
            <div style="color: #000000;">$2,000 and any integral multiple of $1,000 in excess thereof</div>
          </td>
        </tr>

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

        <tr>
          <td style="width: 50.89%; vertical-align: top;">
            <div style="color: #000000;">Ratings:*</div>
          </td>
          <td style="width: 1%; vertical-align: bottom;">&#160;</td>
          <td style="width: 48%; vertical-align: top;">
            <div style="color: #000000;">Aaa (stable) by Moody&#8217;s Investors Service, Inc.</div>
            <div>&#160;</div>
            <div style="color: #000000;">AA+ (stable) by Standard &amp; Poor&#8217;s Ratings Services</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50.89%; vertical-align: middle;">&#160;</td>
          <td colspan="2" style="width: 49%; vertical-align: middle;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 50.89%; vertical-align: top;">
            <div style="color: #000000;">Net Proceeds:</div>
          </td>
          <td style="width: 1%; vertical-align: bottom;">&#160;</td>
          <td style="width: 48%; vertical-align: top;">
            <div><font style="color: #000000;">Aggregate net proceeds from sale of all notes offered pursuant to this Pricing Term Sheet will be approximately $4.47</font>&#160;<font style="color: #000000;">billion after deducting underwriting discounts and
                Apple&#8217;s offering expenses.</font></div>
          </td>
        </tr>
        <tr>
          <td style="width: 50.89%; vertical-align: middle;">&#160;</td>
          <td colspan="2" style="width: 49%; vertical-align: middle;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 50.89%; vertical-align: top;">
            <div style="color: #000000;">CUSIP/ISIN:</div>
          </td>
          <td style="width: 1%; vertical-align: bottom;">&#160;</td>
          <td style="width: 48%; vertical-align: top;">
            <div>037833EZ9 / US037833EZ91</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50.89%; vertical-align: middle;">&#160;</td>
          <td colspan="2" style="width: 49%; vertical-align: middle;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 50.89%; vertical-align: top;">
            <div style="color: #000000;">Underwriters:</div>
          </td>
          <td style="width: 1%; vertical-align: bottom;">&#160;</td>
          <td style="width: 48%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 50.89%; vertical-align: middle;">&#160;</td>
          <td colspan="2" style="width: 49%; vertical-align: middle;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 50.89%; vertical-align: top;">
            <div style="color: #000000;">Joint Book-Running Managers:</div>
          </td>
          <td style="width: 1%; vertical-align: bottom;">&#160;</td>
          <td style="width: 48%; vertical-align: top;">
            <div style="color: #000000;">Goldman Sachs &amp; Co. LLC</div>
            <div style="color: #000000;">Barclays Capital Inc.</div>
            <div style="color: #000000;">BofA Securities, Inc.</div>
            <div style="color: #000000;">J.P. Morgan Securities LLC</div>
            <div style="color: #000000;">Citigroup Global Markets Inc.</div>
            <div style="color: #000000;">Deutsche Bank Securities Inc.</div>
            <div style="color: #000000;">HSBC Securities (USA) Inc.</div>
            <div style="color: #000000;">Morgan Stanley &amp; Co. LLC</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50.89%; vertical-align: middle;">&#160;</td>
          <td colspan="2" style="width: 49%; vertical-align: middle;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 50.89%; vertical-align: top;">
            <div style="color: #000000;">Co-Managers:</div>
          </td>
          <td style="width: 1%; vertical-align: bottom;">&#160;</td>
          <td style="width: 48%; vertical-align: top;">
            <div style="color: #000000;">Academy Securities, Inc.</div>
            <div style="color: #000000;">CastleOak Securities, L.P.</div>
            <div style="color: #000000;">Independence Point Securities LLC</div>
            <div style="color: #000000;">R. Seelaus &amp; Co., LLC</div>
            <div style="color: #000000;">Samuel A. Ramirez &amp; Company, Inc.</div>
            <div style="color: #000000;">Siebert Williams Shank &amp; Co., LLC</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div class="BRPFPageBreak" style="page-break-after: always;">
        <hr style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;" noshade="noshade"></div>
    </div>
    <div style="text-align: center;"><u>4.500% Notes due 2032 (&#8220;2032 Notes&#8221;)</u></div>
    <div><br>
    </div>
    <div> <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="z7a57621501144654927022d000e38c6d" cellpadding="0" cellspacing="0">

        <tr>
          <td style="width: 50.99%; vertical-align: middle;">&#160;</td>
          <td style="width: 1%; vertical-align: bottom;">&#160;</td>
          <td style="width: 48%; vertical-align: middle;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 50.99%; vertical-align: top;">
            <div style="color: #000000;">Issuer:</div>
          </td>
          <td style="width: 1%; vertical-align: bottom;">&#160;</td>
          <td style="width: 48%; vertical-align: top;">
            <div style="color: #000000;">Apple Inc.</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50.99%; vertical-align: middle;">&#160;</td>
          <td colspan="2" style="width: 49.01%; vertical-align: middle;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 50.99%; vertical-align: top;">
            <div style="color: #000000;">Principal Amount:</div>
          </td>
          <td style="width: 1%; vertical-align: bottom;">&#160;</td>
          <td style="width: 48%; vertical-align: top;">
            <div style="color: #000000;">$1,000,000,000</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50.99%; vertical-align: middle;">&#160;</td>
          <td colspan="2" style="width: 49.01%; vertical-align: middle;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 50.99%; vertical-align: top;">
            <div style="color: #000000;">Maturity:</div>
          </td>
          <td style="width: 1%; vertical-align: bottom;">&#160;</td>
          <td style="width: 48%; vertical-align: top;">
            <div style="color: #000000;">May 12, 2032</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50.99%; vertical-align: middle;">&#160;</td>
          <td colspan="2" style="width: 49.01%; vertical-align: middle;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 50.99%; vertical-align: top;">
            <div style="color: #000000;">Coupon:</div>
          </td>
          <td style="width: 1%; vertical-align: bottom;">&#160;</td>
          <td style="width: 48%; vertical-align: top;">
            <div style="color: #000000;">4.500%</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50.99%; vertical-align: middle;">&#160;</td>
          <td colspan="2" style="width: 49.01%; vertical-align: middle;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 50.99%; vertical-align: top;">
            <div style="color: #000000;">Price to Public:</div>
          </td>
          <td style="width: 1%; vertical-align: bottom;">&#160;</td>
          <td style="width: 48%; vertical-align: top;">
            <div style="color: #000000;">99.840%</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50.99%; vertical-align: middle;">&#160;</td>
          <td colspan="2" style="width: 49.01%; vertical-align: middle;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 50.99%; vertical-align: top;">
            <div style="color: #000000;">Interest Payment Dates:</div>
          </td>
          <td style="width: 1%; vertical-align: bottom;">&#160;</td>
          <td style="width: 48%; vertical-align: top;">
            <div style="color: #000000;">May 12 and November 12, commencing November 12, 2025</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50.99%; vertical-align: middle;">&#160;</td>
          <td colspan="2" style="width: 49.01%; vertical-align: middle;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 50.99%; vertical-align: top;">
            <div style="color: #000000;">Day Count Convention:</div>
          </td>
          <td style="width: 1%; vertical-align: bottom;">&#160;</td>
          <td style="width: 48%; vertical-align: top;">
            <div style="color: #000000;">30/360</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50.99%; vertical-align: middle;">&#160;</td>
          <td colspan="2" style="width: 49.01%; vertical-align: middle;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 50.99%; vertical-align: top;">
            <div style="color: #000000;">Benchmark Treasury:</div>
          </td>
          <td style="width: 1%; vertical-align: bottom;">&#160;</td>
          <td style="width: 48%; vertical-align: top;">
            <div style="color: #000000;">4.000% due April 30, 2032</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50.99%; vertical-align: middle;">&#160;</td>
          <td colspan="2" style="width: 49.01%; vertical-align: middle;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 50.99%; vertical-align: top;">
            <div style="color: #000000;">Benchmark Treasury Yield:</div>
          </td>
          <td style="width: 1%; vertical-align: bottom;">&#160;</td>
          <td style="width: 48%; vertical-align: top;">
            <div style="color: #000000;">4.127%</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50.99%; vertical-align: middle;">&#160;</td>
          <td colspan="2" style="width: 49.01%; vertical-align: middle;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 50.99%; vertical-align: top;">
            <div style="color: #000000;">Spread to Benchmark Treasury:</div>
          </td>
          <td style="width: 1%; vertical-align: bottom;">&#160;</td>
          <td style="width: 48%; vertical-align: top;">
            <div style="color: #000000;">40 basis points</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50.99%; vertical-align: middle;">&#160;</td>
          <td colspan="2" style="width: 49.01%; vertical-align: middle;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 50.99%; vertical-align: top;">
            <div style="color: #000000;">Yield:</div>
          </td>
          <td style="width: 1%; vertical-align: bottom;">&#160;</td>
          <td style="width: 48%; vertical-align: top;">
            <div style="color: #000000;">4.527%</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50.99%; vertical-align: top;">
            <div>&#160; <br>
            </div>
            <div style="color: #000000;">Redemption:</div>
          </td>
          <td style="width: 1%; vertical-align: bottom;">&#160;</td>
          <td style="width: 48%; vertical-align: top;">
            <div>&#160; <br>
            </div>
            <div style="color: #000000;">Prior to March 12, 2032, Apple Inc. may at its option redeem the 2032 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 2032 Notes being redeemed; and (ii) the sum of the present values of the remaining scheduled payments of principal and interest on
              the 2032 Notes being redeemed (assuming that such notes matured on March 12, 2032), 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 2032 Notes) plus 10 basis points, plus, in each case, accrued and unpaid interest thereon to, but excluding, the date of redemption.</div>
            <div>&#160;</div>
            <div style="color: #000000;">On or after March 12, 2032, Apple Inc. may at its option redeem the 2032 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 2032 Notes being redeemed, plus accrued and unpaid interest thereon to, but excluding, the date of redemption.</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50.99%; vertical-align: middle;">&#160;</td>
          <td colspan="2" style="width: 49.01%; vertical-align: middle;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 50.99%; vertical-align: top;">
            <div style="color: #000000;">Trade Date:</div>
          </td>
          <td style="width: 1%; vertical-align: bottom;">&#160;</td>
          <td style="width: 48%; vertical-align: top;">
            <div style="color: #000000;">May 5, 2025</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50.99%; vertical-align: middle;">&#160;</td>
          <td colspan="2" style="width: 49.01%; vertical-align: middle;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 50.99%; vertical-align: top;">
            <div style="color: #000000;">Settlement Date:</div>
          </td>
          <td style="width: 1%; vertical-align: bottom;">&#160;</td>
          <td style="width: 48%; vertical-align: top;">
            <div style="color: #000000;">May 12, 2025 (T+5)</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50.99%; vertical-align: middle;">&#160;</td>
          <td colspan="2" style="width: 49.01%; vertical-align: middle;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 50.99%; vertical-align: top;">
            <div style="color: #000000;">Denominations:</div>
          </td>
          <td style="width: 1%; vertical-align: bottom;">&#160;</td>
          <td style="width: 48%; vertical-align: top;">
            <div style="color: #000000;">$2,000 and any integral multiple of $1,000 in excess thereof</div>
          </td>
        </tr>

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

        <tr>
          <td style="width: 50.89%; vertical-align: top;">
            <div style="color: #000000;">Ratings:*</div>
          </td>
          <td style="width: 1%; vertical-align: bottom;">&#160;</td>
          <td style="width: 48%; vertical-align: top;">
            <div style="color: #000000;">Aaa (stable) by Moody&#8217;s Investors Service, Inc.</div>
            <div>&#160;</div>
            <div style="color: #000000;">AA+ (stable) by Standard &amp; Poor&#8217;s Ratings Services</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50.89%; vertical-align: middle;">&#160;</td>
          <td colspan="2" style="width: 49%; vertical-align: middle;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 50.89%; vertical-align: top;">
            <div style="color: #000000;">Net Proceeds:</div>
          </td>
          <td style="width: 1%; vertical-align: bottom;">&#160;</td>
          <td style="width: 48%; vertical-align: top;">
            <div><font style="color: #000000;">Aggregate net proceeds from sale of all notes offered pursuant to this Pricing Term Sheet will be approximately $4.47</font>&#160;<font style="color: #000000;">billion after deducting underwriting discounts and
                Apple&#8217;s offering expenses.</font></div>
          </td>
        </tr>
        <tr>
          <td style="width: 50.89%; vertical-align: middle;">&#160;</td>
          <td colspan="2" style="width: 49%; vertical-align: middle;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 50.89%; vertical-align: top;">
            <div style="color: #000000;">CUSIP/ISIN:</div>
          </td>
          <td style="width: 1%; vertical-align: bottom;">&#160;</td>
          <td style="width: 48%; vertical-align: top;">
            <div>037833FA3 / US037833FA32</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50.89%; vertical-align: middle;">&#160;</td>
          <td colspan="2" style="width: 49%; vertical-align: middle;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 50.89%; vertical-align: top;">
            <div style="color: #000000;">Underwriters:</div>
          </td>
          <td style="width: 1%; vertical-align: bottom;">&#160;</td>
          <td style="width: 48%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 50.89%; vertical-align: middle;">&#160;</td>
          <td colspan="2" style="width: 49%; vertical-align: middle;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 50.89%; vertical-align: top;">
            <div style="color: #000000;">Joint Book-Running Managers:</div>
          </td>
          <td style="width: 1%; vertical-align: bottom;">&#160;</td>
          <td style="width: 48%; vertical-align: top;">
            <div style="color: #000000;">Goldman Sachs &amp; Co. LLC</div>
            <div style="color: #000000;">Barclays Capital Inc.</div>
            <div style="color: #000000;">BofA Securities, Inc.</div>
            <div style="color: #000000;">J.P. Morgan Securities LLC</div>
            <div style="color: #000000;">Citigroup Global Markets Inc.</div>
            <div style="color: #000000;">Deutsche Bank Securities Inc.</div>
            <div style="color: #000000;">HSBC Securities (USA) Inc.</div>
            <div style="color: #000000;">Morgan Stanley &amp; Co. LLC</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50.89%; vertical-align: middle;">&#160;</td>
          <td colspan="2" style="width: 49%; vertical-align: middle;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 50.89%; vertical-align: top;">
            <div style="color: #000000;">Co-Managers:</div>
          </td>
          <td style="width: 1%; vertical-align: bottom;">&#160;</td>
          <td style="width: 48%; vertical-align: top;">
            <div style="color: #000000;">Academy Securities, Inc.</div>
            <div style="color: #000000;">CastleOak Securities, L.P.</div>
            <div style="color: #000000;">Independence Point Securities LLC</div>
            <div style="color: #000000;">R. Seelaus &amp; Co., LLC</div>
            <div style="color: #000000;">Samuel A. Ramirez &amp; Company, Inc.</div>
            <div style="color: #000000;">Siebert Williams Shank &amp; Co., LLC</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div class="BRPFPageBreak" style="page-break-after: always;">
        <hr style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;" noshade="noshade"></div>
    </div>
    <div style="text-align: center;"><u>4.750% Notes due 2035 (&#8220;2035 Notes&#8221;)</u></div>
    <div> <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="z4e8346fc98154c8c8befa5cf0de59e72" cellpadding="0" cellspacing="0">

        <tr>
          <td style="width: 50.89%; vertical-align: top;">
            <div style="color: #000000;">Issuer:</div>
          </td>
          <td style="width: 1%; vertical-align: bottom;">&#160;</td>
          <td style="width: 48%; vertical-align: top;">
            <div style="color: #000000;">Apple Inc.</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50.89%; vertical-align: middle;">&#160;</td>
          <td colspan="2" style="width: 49%; vertical-align: middle;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 50.89%; vertical-align: top;">
            <div style="color: #000000;">Principal Amount:</div>
          </td>
          <td style="width: 1%; vertical-align: bottom;">&#160;</td>
          <td style="width: 48%; vertical-align: top;">
            <div style="color: #000000;">$1,000,000,000</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50.89%; vertical-align: middle;">&#160;</td>
          <td colspan="2" style="width: 49%; vertical-align: middle;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 50.89%; vertical-align: top;">
            <div style="color: #000000;">Maturity:</div>
          </td>
          <td style="width: 1%; vertical-align: bottom;">&#160;</td>
          <td style="width: 48%; vertical-align: top;">
            <div style="color: #000000;">May 12, 2035</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50.89%; vertical-align: middle;">&#160;</td>
          <td colspan="2" style="width: 49%; vertical-align: middle;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 50.89%; vertical-align: top;">
            <div style="color: #000000;">Coupon:</div>
          </td>
          <td style="width: 1%; vertical-align: bottom;">&#160;</td>
          <td style="width: 48%; vertical-align: top;">
            <div style="color: #000000;">4.750%</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50.89%; vertical-align: middle;">&#160;</td>
          <td colspan="2" style="width: 49%; vertical-align: middle;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 50.89%; vertical-align: top;">
            <div style="color: #000000;">Price to Public:</div>
          </td>
          <td style="width: 1%; vertical-align: bottom;">&#160;</td>
          <td style="width: 48%; vertical-align: top;">
            <div style="color: #000000;">99.340%</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50.89%; vertical-align: middle;">&#160;</td>
          <td colspan="2" style="width: 49%; vertical-align: middle;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 50.89%; vertical-align: top;">
            <div style="color: #000000;">Interest Payment Dates:</div>
          </td>
          <td style="width: 1%; vertical-align: bottom;">&#160;</td>
          <td style="width: 48%; vertical-align: top;">
            <div style="color: #000000;">May 12 and November 12, commencing November 12, 2025</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50.89%; vertical-align: middle;">&#160;</td>
          <td colspan="2" style="width: 49%; vertical-align: middle;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 50.89%; vertical-align: top;">
            <div style="color: #000000;">Day Count Convention:</div>
          </td>
          <td style="width: 1%; vertical-align: bottom;">&#160;</td>
          <td style="width: 48%; vertical-align: top;">
            <div style="color: #000000;">30/360</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50.89%; vertical-align: middle;">&#160;</td>
          <td colspan="2" style="width: 49%; vertical-align: middle;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 50.89%; vertical-align: top;">
            <div style="color: #000000;">Benchmark Treasury:</div>
          </td>
          <td style="width: 1%; vertical-align: bottom;">&#160;</td>
          <td style="width: 48%; vertical-align: top;">
            <div style="color: #000000;">4.625% due February 15, 2035</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50.89%; vertical-align: middle;">&#160;</td>
          <td colspan="2" style="width: 49%; vertical-align: middle;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 50.89%; vertical-align: top;">
            <div style="color: #000000;">Benchmark Treasury Yield:</div>
          </td>
          <td style="width: 1%; vertical-align: bottom;">&#160;</td>
          <td style="width: 48%; vertical-align: top;">
            <div style="color: #000000;">4.334%</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50.89%; vertical-align: middle;">&#160;</td>
          <td colspan="2" style="width: 49%; vertical-align: middle;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 50.89%; vertical-align: top;">
            <div style="color: #000000;">Spread to Benchmark Treasury:</div>
          </td>
          <td style="width: 1%; vertical-align: bottom;">&#160;</td>
          <td style="width: 48%; vertical-align: top;">
            <div style="color: #000000;">50 basis points</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50.89%; vertical-align: middle;">&#160;</td>
          <td colspan="2" style="width: 49%; vertical-align: middle;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 50.89%; vertical-align: top;">
            <div style="color: #000000;">Yield:</div>
          </td>
          <td style="width: 1%; vertical-align: bottom;">&#160;</td>
          <td style="width: 48%; vertical-align: top;">
            <div style="color: #000000;">4.834%</div>
          </td>
        </tr>
        <tr>
          <td rowspan="1" style="width: 50.89%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 1%; vertical-align: bottom;">&#160;</td>
          <td rowspan="1" style="width: 48%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 50.89%; vertical-align: top;">
            <div style="color: #000000;">Redemption:</div>
          </td>
          <td style="width: 1%; vertical-align: bottom;">&#160;</td>
          <td style="width: 48%; vertical-align: top;">
            <div style="color: #000000;">Prior to February 12, 2035, Apple Inc. may at its option redeem the 2035 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 2035 Notes being redeemed; and (ii) the sum of the present values of the remaining scheduled payments of principal and interest on
              the 2035 Notes being redeemed (assuming that such notes matured on February 12, 2035), 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 2035 Notes) plus 10 basis points, plus, in each case, accrued and unpaid interest thereon to, but excluding, the date of redemption.</div>
            <div>&#160;</div>
            <div style="color: #000000;">On or after February 12, 2035, Apple Inc. may at its option redeem the 2035 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 2035 Notes being redeemed, plus accrued and unpaid interest thereon to, but excluding, the date of redemption.</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50.89%; vertical-align: middle;">&#160;</td>
          <td colspan="2" style="width: 49%; vertical-align: middle;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 50.89%; vertical-align: top;">
            <div style="color: #000000;">Trade Date:</div>
          </td>
          <td style="width: 1%; vertical-align: bottom;">&#160;</td>
          <td style="width: 48%; vertical-align: top;">
            <div style="color: #000000;">May 5, 2025</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50.89%; vertical-align: middle;">&#160;</td>
          <td colspan="2" style="width: 49%; vertical-align: middle;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 50.89%; vertical-align: top;">
            <div style="color: #000000;">Settlement Date:</div>
          </td>
          <td style="width: 1%; vertical-align: bottom;">&#160;</td>
          <td style="width: 48%; vertical-align: top;">
            <div style="color: #000000;">May 12, 2025 (T+5)</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50.89%; vertical-align: middle;">&#160;</td>
          <td colspan="2" style="width: 49%; vertical-align: middle;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 50.89%; vertical-align: top;">
            <div style="color: #000000;">Denominations:</div>
          </td>
          <td style="width: 1%; vertical-align: bottom;">&#160;</td>
          <td style="width: 48%; vertical-align: top;">
            <div style="color: #000000;">$2,000 and any integral multiple of $1,000 in excess thereof</div>
          </td>
        </tr>

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

        <tr>
          <td style="width: 50.89%; vertical-align: top;">
            <div style="color: #000000;">Ratings:*</div>
          </td>
          <td style="width: 1%; vertical-align: bottom;">&#160;</td>
          <td style="width: 48%; vertical-align: top;">
            <div style="color: #000000;">Aaa (stable) by Moody&#8217;s Investors Service, Inc.</div>
            <div>&#160;</div>
            <div style="color: #000000;">AA+ (stable) by Standard &amp; Poor&#8217;s Ratings Services</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50.89%; vertical-align: middle;">&#160;</td>
          <td colspan="2" style="width: 49%; vertical-align: middle;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 50.89%; vertical-align: top;">
            <div style="color: #000000;">Net Proceeds:</div>
          </td>
          <td style="width: 1%; vertical-align: bottom;">&#160;</td>
          <td style="width: 48%; vertical-align: top;">
            <div><font style="color: #000000;">Aggregate net proceeds from sale of all notes offered pursuant to this Pricing Term Sheet will be approximately $4.47</font>&#160;<font style="color: #000000;">billion after deducting underwriting discounts and
                Apple&#8217;s offering expenses.</font></div>
          </td>
        </tr>
        <tr>
          <td style="width: 50.89%; vertical-align: middle;">&#160;</td>
          <td colspan="2" style="width: 49%; vertical-align: middle;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 50.89%; vertical-align: top;">
            <div style="color: #000000;">CUSIP/ISIN:</div>
          </td>
          <td style="width: 1%; vertical-align: bottom;">&#160;</td>
          <td style="width: 48%; vertical-align: top;">
            <div>037833FB1 / US037833FB15</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50.89%; vertical-align: middle;">&#160;</td>
          <td colspan="2" style="width: 49%; vertical-align: middle;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 50.89%; vertical-align: top;">
            <div style="color: #000000;">Underwriters:</div>
          </td>
          <td style="width: 1%; vertical-align: bottom;">&#160;</td>
          <td style="width: 48%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 50.89%; vertical-align: middle;">&#160;</td>
          <td colspan="2" style="width: 49%; vertical-align: middle;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 50.89%; vertical-align: top;">
            <div style="color: #000000;">Joint Book-Running Managers:</div>
          </td>
          <td style="width: 1%; vertical-align: bottom;">&#160;</td>
          <td style="width: 48%; vertical-align: top;">
            <div style="color: #000000;">Goldman Sachs &amp; Co. LLC</div>
            <div style="color: #000000;">Barclays Capital Inc.</div>
            <div style="color: #000000;">BofA Securities, Inc.</div>
            <div style="color: #000000;">J.P. Morgan Securities LLC</div>
            <div style="color: #000000;">Citigroup Global Markets Inc.</div>
            <div style="color: #000000;">Deutsche Bank Securities Inc.</div>
            <div style="color: #000000;">HSBC Securities (USA) Inc.</div>
            <div style="color: #000000;">Morgan Stanley &amp; Co. LLC</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50.89%; vertical-align: middle;">&#160;</td>
          <td colspan="2" style="width: 49%; vertical-align: middle;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 50.89%; vertical-align: top;">
            <div style="color: #000000;">Co-Managers:</div>
          </td>
          <td style="width: 1%; vertical-align: bottom;">&#160;</td>
          <td style="width: 48%; vertical-align: top;">
            <div style="color: #000000;">Academy Securities, Inc.</div>
            <div style="color: #000000;">CastleOak Securities, L.P.</div>
            <div style="color: #000000;">Independence Point Securities LLC</div>
            <div style="color: #000000;">R. Seelaus &amp; Co., LLC</div>
            <div style="color: #000000;">Samuel A. Ramirez &amp; Company, Inc.</div>
            <div style="color: #000000;">Siebert Williams Shank &amp; Co., LLC</div>
          </td>
        </tr>

    </table>
    <div><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="zd25a95bc595f416cb556edf47d6b5498" cellpadding="0" cellspacing="0">

        <tr>
          <td style="width: 2%; vertical-align: top;">
            <div style="color: #000000;">*</div>
          </td>
          <td style="width: 98%; vertical-align: top;">
            <div style="color: #000000;">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> <br>
    </div>
    <div style="font-weight: bold;">We expect to deliver the notes against payment for the notes on or about May 12, 2025, which will be the fifth business day following the date of the pricing of the notes (&#8220;T+5&#8221;). Under Rule 15c6-1 of the Exchange Act,
      trades in the secondary market generally are required to settle in one business day, unless the parties to a trade expressly agree otherwise. Accordingly, purchasers who wish to trade notes prior to the first business day before the settlement date
      will be required, by virtue of the fact that the notes initially will settle in T+5, to specify alternative settlement arrangements to prevent a failed settlement.</div>
    <div><br>
    </div>
    <div style="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, BofA Securities, Inc. toll-free at&#160; 1-800-294-1322 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><br>
    </div>
    <div style="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 a result of this communication being sent
      by Bloomberg or another email system.</div>
    <div style="font-weight: bold;"> <br>
    </div>
    <div>
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