Apple Hongdae to welcome its first customers this Saturday, January 20, in South Korea

The seventh store in the country welcomes the community with a special Today at Apple session featuring hip-hop artist Beenzino

Apple® today previewed Apple Hongdae, the seventh retail store in South Korea and the 100th Apple Store® location in the Asia-Pacific region. Located in the center of a bustling university neighborhood in Seoul, Apple Hongdae will offer an exciting space for students, their families, and the local community to discover and shop Apple's incredible lineup of products and services, receive exceptional support from highly knowledgeable team members, and participate in free Today at Apple® sessions to learn how to get the most out of their products.

"We couldn't be more excited to bring our customers in Korea something special at the start of the year with the opening of the all-new Apple Hongdae," said Deirdre O'Brien, Apple's senior vice president of Retail. "Combining the latest in Apple technology with the creative passion of the local community, this new store will build on the extraordinary connection we have with our customers in Korea. Our team members are excited to welcome in customers and help them discover the latest in our products and services, including the iPhone 15 lineup."

Apple Hongdae has nearly 100 expert retail team members ready to help customers explore and get their hands on the latest Apple products, including the latest iPhone® 15 lineup; the new Mac® lineup with the M3 family of chips; the Apple Watch® lineup, featuring Apple's first-ever carbon neutral products; as well as the Lunar New Year special-edition AirPods Pro® debuting in South Korea and celebrating the Year of the Blue Dragon.

Just in time for back to school, students and families can save on a Mac or iPad® with Apple Education Pricing available exclusively through Apple Retail. Additionally, eligible customers can take advantage of the college student offer running through March 13 and receive AirPods® when they buy an eligible Mac, or an Apple Pencil® when they buy an eligible iPad.

Apple Hongdae will be an exciting hub for the next generation of creators to learn how to get the most out of their devices and unlock their potential through Today at Apple. To create a space for learning and a more personalized customer experience, the store offers a roundtable setting where attendees can find out how to get started on their new devices, discover features on the latest Apple products, or join sessions focused on a wide range of topics.

From January to March, Apple is hosting a series of free Today at Apple sessions for students to try Mac and iPad and learn new skills that enhance their creativity and help them excel in their studies. As part of the Bring on College with Apple series, students can sign up for four workshops led by Apple Creatives, available at Apple Hongdae and all other Apple Store locations across Korea:

Create Powerful Presentations in Keynote® with Mac
Create Personalized Documents in Pages® with Mac
Create Impactful Spreadsheets in Numbers® with Mac
Transform Your Lecture Notes with iPad

Participants can register now for Today at Apple sessions .

Beginning January 20, every day at 5 p.m., customers can also drop into a brand-new Today at Apple Pop-Up Studio featuring iconic hip-hop artist and entrepreneur Beenzino. Through the session, Explore Freeform™ on iPad, customers can collect ideas, art, photos, and more for their own 2024 vision boards using Freeform. Additionally, the session will tease inspiration behind the artist's single "Train," newly released in Spatial Audio and only available on Apple Music®. This session is exclusively available at Apple Hongdae and will run through the month. Starting February 9, the session will be available across stores in all of South Korea, Japan, and Australia as part of the Bring on College with Apple campaign.

As part of Apple's environmental commitment, Apple Hongdae is designed with bio-terrazzo flooring that utilizes plant-based materials, along with an acoustic fabric wall and ceiling panels. Like all Apple facilities, the location runs on 100 percent renewable energy and is carbon neutral. Apple Hongdae features a dedicated Apple Pickup station, making it easy for customers to collect purchases they've made online at a time that's convenient for them.

Apple opened its first store in South Korea, Apple Garosugil, in 2018. Since then, Apple has expanded its presence in the country by opening stores in Yeouido, Myeongdong, Jamsil, Gangnam, and Hanam. Apple also launched the Apple Developer Academy in Korea — already producing its second class of graduates — and the Apple Manufacturing R&D Accelerator to provide free tools and training programs for small- and medium-sized businesses across the country. Apple is also actively partnering with a number of Korean artists in diverse industries: Last year, the company launched a Shot on iPhone music video for the song "ETA" by popular K-pop group New Jeans, following a 2022 Made on iPad music video for hip-hop artist Jay Park's song "Bite."

The team at Apple Hongdae will welcome its first customers on Saturday, January 20, at 10 a.m.

Apple revolutionized personal technology with the introduction of the Macintosh in 1984. Today, Apple leads the world in innovation with iPhone, iPad, Mac, Apple Watch, and Apple TV. Apple's five software platforms — iOS, iPadOS, macOS, watchOS, and tvOS — provide seamless experiences across all Apple devices and empower people with breakthrough services including the App Store, Apple Music, Apple Pay, and iCloud. Apple's more than 100,000 employees are dedicated to making the best products on earth, and to leaving the world better than we found it.

NOTE TO EDITORS: For additional information visit Apple Newsroom ( www.apple.com/newsroom ), or email Apple's Media Helpline at media.help@apple.com .

© 2024 Apple Inc. All rights reserved. Apple, the Apple logo, Apple Store, Today at Apple, iPhone, Mac, Apple Watch, AirPods Pro, iPad, AirPods, Apple Pencil, Keynote, Pages, Numbers, Freeform, and Apple Music are trademarks of Apple. Other company and product names may be trademarks of their respective owners.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240117133887/en/

Neema Mungai
Apple
nmungai@apple.com

Brian Bumbery
Apple
bumbery@apple.com

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Wellteq Digital Health Inc. Acquires Perpetual License for Digital Sleep Tech IP

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Counsel for Plaintiffs:	Counsel for Defendants:

Craig W. Smith ROBBINS LLP 5060 Shoreham Place, Suite 300 San Diego, CA 92122 Telephone: (619) 525-3990 csmith@robbinsllp.com	James N. Kramer Orrick, Herrington & Sutcliffe LLP 405 Howard Street San Francisco, CA 94105 Telephone: (415) 773-5900 jkramer@orrick.com

David C. Katz Weiss Law 305 Broadway, 7th Floor New York, NY 10007 Telephone: (212) 682-3025 dkatz@weisslawllp.com

Apple Inc. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) (In millions, except number of shares, which are reflected in thousands, and per-share amounts)

	Three Months Ended				Six Months Ended
	March 30, 2024		April 1, 2023		March 30, 2024		April 1, 2023
Net sales:
Products	$	66,886	$	73,929	$	163,344	$	170,317
Services		23,867		20,907		46,984		41,673
Total net sales ⁽¹⁾		90,753		94,836		210,328		211,990
Cost of sales:
Products		42,424		46,795		100,864		107,560
Services		6,058		6,065		12,338		12,122
Total cost of sales		48,482		52,860		113,202		119,682
Gross margin		42,271		41,976		97,126		92,308

Operating expenses:
Research and development		7,903		7,457		15,599		15,166
Selling, general and administrative		6,468		6,201		13,254		12,808
Total operating expenses		14,371		13,658		28,853		27,974

Operating income		27,900		28,318		68,273		64,334
Other income/(expense), net		158		64		108		(329	)
Income before provision for income taxes		28,058		28,382		68,381		64,005
Provision for income taxes		4,422		4,222		10,829		9,847
Net income	$	23,636	$	24,160	$	57,552	$	54,158

Earnings per share:
Basic	$	1.53	$	1.53	$	3.72	$	3.42
Diluted	$	1.53	$	1.52	$	3.71	$	3.41
Shares used in computing earnings per share:
Basic		15,405,856		15,787,154		15,457,810		15,839,939
Diluted		15,464,709		15,847,050		15,520,675		15,901,384

⁽¹⁾ Net sales by reportable segment:
Americas	$	37,273	$	37,784	$	87,703	$	87,062
Europe		24,123		23,945		54,520		51,626
Greater China		16,372		17,812		37,191		41,717
Japan		6,262		7,176		14,029		13,931
Rest of Asia Pacific		6,723		8,119		16,885		17,654
Total net sales	$	90,753	$	94,836	$	210,328	$	211,990

⁽¹⁾ Net sales by category:
iPhone	$	45,963	$	51,334	$	115,665	$	117,109
Mac		7,451		7,168		15,231		14,903
iPad		5,559		6,670		12,582		16,066
Wearables, Home and Accessories		7,913		8,757		19,866		22,239
Services		23,867		20,907		46,984		41,673
Total net sales	$	90,753	$	94,836	$	210,328	$	211,990

Apple Inc. CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (In millions, except number of shares, which are reflected in thousands, and par value)

	March 30, 2024			September 30, 2023
ASSETS:
Current assets:
Cash and cash equivalents	$	32,695		$	29,965
Marketable securities		34,455			31,590
Accounts receivable, net		21,837			29,508
Vendor non-trade receivables		19,313			31,477
Inventories		6,232			6,331
Other current assets		13,884			14,695
Total current assets		128,416			143,566

Non-current assets:
Marketable securities		95,187			100,544
Property, plant and equipment, net		43,546			43,715
Other non-current assets		70,262			64,758
Total non-current assets		208,995			209,017
Total assets	$	337,411		$	352,583

LIABILITIES AND SHAREHOLDERS' EQUITY:
Current liabilities:
Accounts payable	$	45,753		$	62,611
Other current liabilities		57,298			58,829
Deferred revenue		8,012			8,061
Commercial paper		1,997			5,985
Term debt		10,762			9,822
Total current liabilities		123,822			145,308

Non-current liabilities:
Term debt		91,831			95,281
Other non-current liabilities		47,564			49,848
Total non-current liabilities		139,395			145,129
Total liabilities		263,217			290,437

Commitments and contingencies

Shareholders' equity:
Common stock and additional paid-in capital, $0.00001 par value: 50,400,000 shares authorized; 15,337,686 and 15,550,061 shares issued and outstanding, respectively		78,815			73,812
Retained earnings/(Accumulated deficit)		4,339			(214	)
Accumulated other comprehensive loss		(8,960	)		(11,452	)
Total shareholders' equity		74,194			62,146
Total liabilities and shareholders' equity	$	337,411		$	352,583

Apple Inc. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (In millions)

	Six Months Ended
	March 30, 2024			April 1, 2023
Cash, cash equivalents and restricted cash, beginning balances	$	30,737		$	24,977

Operating activities:
Net income		57,552			54,158
Adjustments to reconcile net income to cash generated by operating activities:
Depreciation and amortization		5,684			5,814
Share-based compensation expense		5,961			5,591
Other		(1,971	)		(1,732	)
Changes in operating assets and liabilities:
Accounts receivable, net		7,727			9,596
Vendor non-trade receivables		12,164			14,785
Inventories		53			(2,548	)
Other current and non-current assets		(4,438	)		(4,092	)
Accounts payable		(16,710	)		(20,764	)
Other current and non-current liabilities		(3,437	)		1,757
Cash generated by operating activities		62,585			62,565

Investing activities:
Purchases of marketable securities		(25,042	)		(11,197	)
Proceeds from maturities of marketable securities		27,462			17,124
Proceeds from sales of marketable securities		4,314			1,897
Payments for acquisition of property, plant and equipment		(4,388	)		(6,703	)
Other		(729	)		(247	)
Cash generated by investing activities		1,617			874

Financing activities:
Payments for taxes related to net share settlement of equity awards		(2,875	)		(2,734	)
Payments for dividends and dividend equivalents		(7,535	)		(7,418	)
Repurchases of common stock		(43,344	)		(39,069	)
Repayments of term debt		(3,150	)		(3,651	)
Repayments of commercial paper, net		(3,982	)		(7,960	)
Other		(132	)		(455	)
Cash used in financing activities		(61,018	)		(61,287	)

Increase in cash, cash equivalents and restricted cash		3,184			2,152
Cash, cash equivalents and restricted cash, ending balances	$	33,921		$	27,129

Supplemental cash flow disclosure:
Cash paid for income taxes, net	$	14,531		$	4,894


Dated: May 3, 2024	By Order of the Court United States District Court Northern District of California, Oakland Division

Apple Hongdae to welcome its first customers this Saturday, January 20, in South Korea

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