Exhibit 12.1
Apple Inc.
Computation of Ratio of Earnings to Fixed Charges
Year Ended | ||||||||||||||||||||||||
(In millions, except ratios) | Six Months Ended March 30, 2013 | September 29, 2012 | September 24, 2011 | September 25, 2010 | September 26, 2009 | September 27, 2008 | ||||||||||||||||||
Earnings | ||||||||||||||||||||||||
Earnings before income taxes | $ | 30,577 | $ | 55,763 | $ | 34,205 | $ | 18,540 | $ | 12,066 | $ | 8,947 | ||||||||||||
Add: Fixed charges | 63 | 98 | 68 | 54 | 46 | 41 | ||||||||||||||||||
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Total Earnings | $ | 30,640 | $ | 55,861 | $ | 34,273 | $ | 18,594 | $ | 12,112 | $ | 8,988 | ||||||||||||
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Fixed Charges(a) | ||||||||||||||||||||||||
Interest expense | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | ||||||||||||
Interest component of rental expense | 63 | 98 | 68 | 54 | 46 | 41 | ||||||||||||||||||
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Total Fixed Charges | $ | 63 | $ | 98 | $ | 68 | $ | 54 | $ | 46 | $ | 41 | ||||||||||||
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Ratio of Earnings to Fixed Charges | 486 | 570 | 504 | 344 | 263 | 219 |
(a) | Fixed charges include the portion of rental expense that management believes is representative of the interest component. |