Critical analysis of reasons for changes in investor information, and movements in share price of apple company since the date of the latest financial statements, until 30th November 2019 (approx. 500 words).You are expected to use excel file.

Apple Inc. CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (In millions, except per share amounts) Years ended September 28, September 29, September 30. 2019 2018 2017 $ 107,147 $ 134,047 5 128.249 Total shareholders' equity, beginning balances 40,201 781 35,867 669 31.251 555 Common stock and additional paid-in capital: Beginning balances Common stock issued Common stock withheld related to net share settlement of equity awards Share-based compensation Tax benefit from equity awards, including transfer pricing adjustments Ending balances (2.002) 6,194 (1.778) 5,443 (1.468) 4,909 620 45, 174 40,201 35.867 98,330 59,531 (13,735) Retained earnings: Beginning balances Net income Dividends and dividend equivalents declared Common stock withheld related to net share settlement of equity Common stock repurchased Cumulative effects of changes in accounting principles Ending balances 70,400 55,256 (14,129) (1.029) (67,101) 2.501 45,898 96,364 48,351 (12,803) (581) (33,001) awards (948) (73,056) 278 70,400 98,330 Accumulated other comprehensive income (loss): Beginning balances Other comprehensive income/(loss) Cumulative effects of changes in accounting principles Ending balances 634 (784) (3,454) 2,781 89 (584) (150) (3,026) (278) (3.454) (150) Total shareholders' equity, ending balances 90,488 $ 107,147 $ 134,047 Dividends and dividend equivalents declared per share or RSU 3.00 $ 2.72 $ 2.40 See accompanying Notes to Consolidated Financial Statements. Apple Inc. CONSOLIDATED BALANCE SHEETS (In millions, except number of shares which are reflected in thousands and par value) September 28, 2019 September 29, 2018 ASSETS: Current assets: Cash and cash equivalents Marketable securities Accounts receivable, net Inventories Vendor non-trade receivables Other current assets Total current assets 48.844 $ 51,713 22.926 4.106 22,878 12 352 162.819 25.913 40,388 23,186 3.956 25,809 12.087 131,339 Non-current assets: Marketable securities Property, plant and equipment, net Other non-current assets Total non-current assets Total assets 106,341 37 378 32978 175.697 338,516 $ 170.799 41,304 22,283 234,386 365,725 LIABILITIES AND SHAREHOLDERS' EQUITY: Current liabilities: Accounts payable Other current liabilities Deferred revenue Commercial paper Tem debt Total current liabilities 46,236 $ 37.720 5.522 5.980 10,260 106,718 55.888 33,327 5.966 11,964 8,784 15,929 Non-current liabilities: Temm debt Other non-current liabilities Total non-current liabilities Total liabilities 91,807 50,503 142,310 248,028 93,735 48.914 142,649 258,578 Commitments and contingencies Shareholders' equity Common stock and additional paid-in capital, $0.00001 par value: 12,600,000 shares authorized: 4,443,236 and 4754,986 shares issued and outstanding, respectively Retained earnings Accumulated other comprehensive income/loss) Total shareholders' equity Total liabilities and shareholders' equity See accompanying Notes to Consolidated Financial Statements. 45,174 45,898 (584) 90.488 338.516 $ 40,201 70,400 (3.454) 107,147 365,725 Apple Inc. CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (In millions) Years ended September 28, September 29, September 30, 2019 2018 2017 55,256 $ 59,531 $ 48,351 Net income Other comprehensive income (loss): Change in foreign currency translation, net of tax (408) (525) 224 (661) 523 1,315 Change in unrealized gains/losses on derivative Instruments, net of tax: Change in fair value of derivatives Adjustment for net (gains)losses realized and included in net income Total change in unrealized gains/losses on derivative Instruments 23 382 (1,477) (638) 905 (162) 3,802 (3,407) (782) Change in unrealized gains/losses on marketable securities, net of tax: Change in fair value of marketable securities Adjustment for net (gains/losses realized and included in net income Total change in unrealized gains/losses on marketable securities 25 3,827 (3,406) (846) Total other comprehensive income/(loss) Total comprehensive income 2.781 58,037 $ (3,026) 56,505 (784) 47,567 See accompanying Notes to Consolidated Financial Statements, Apple Inc. CONSOLIDATED STATEMENTS OF OPERATIONS (In millions, except number of shares which are reflected in thousands and per share amounts) September 28, 2019 Years ended September 29, 2018 September 30, 2017 $ Net sales: Products Services Total net sales 213,883 $ 46,291 260.174 225,847 $ 39.748 265,595 196,534 32,700 229,234 Cost of sales: Products Services Total cost of sales Gross margin 144,996 16,786 161,782 98,392 148,164 15,592 163,756 101.839 126,337 14,711 141,048 88,186 Operating expenses: Research and development Selling, general and administrative Total operating expenses 16,217 18.245 34.462 14,236 16,705 30,941 11,581 15.261 26,842 Operating income Other income/(expense), net Income before provision for income taxes Provision for income taxes Net income 63,930 1,807 65,737 10,481 55,256 $ 70,898 2,005 72,903 13,372 59,5315 61,344 2,745 64,089 15,738 48,351 $ Earnings per share: Basic Diluted 11.97 $ 11.89 $ 12.01 $ 11.91 $ 9.27 9.21 Shares used in computing earnings per share: Basic Diluted 4,617,834 4,648,913 4,955,377 5,000,109 5,217.242 5,251,692 See accompanying Notes to Consolidated Financial Statements. Apple Inc. CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (In millions, except per share amounts) Years ended September 28, September 29, September 30. 2019 2018 2017 $ 107,147 $ 134,047 5 128.249 Total shareholders' equity, beginning balances 40,201 781 35,867 669 31.251 555 Common stock and additional paid-in capital: Beginning balances Common stock issued Common stock withheld related to net share settlement of equity awards Share-based compensation Tax benefit from equity awards, including transfer pricing adjustments Ending balances (2.002) 6,194 (1.778) 5,443 (1.468) 4,909 620 45, 174 40,201 35.867 98,330 59,531 (13,735) Retained earnings: Beginning balances Net income Dividends and dividend equivalents declared Common stock withheld related to net share settlement of equity Common stock repurchased Cumulative effects of changes in accounting principles Ending balances 70,400 55,256 (14,129) (1.029) (67,101) 2.501 45,898 96,364 48,351 (12,803) (581) (33,001) awards (948) (73,056) 278 70,400 98,330 Accumulated other comprehensive income (loss): Beginning balances Other comprehensive income/(loss) Cumulative effects of changes in accounting principles Ending balances 634 (784) (3,454) 2,781 89 (584) (150) (3,026) (278) (3.454) (150) Total shareholders' equity, ending balances 90,488 $ 107,147 $ 134,047 Dividends and dividend equivalents declared per share or RSU 3.00 $ 2.72 $ 2.40 See accompanying Notes to Consolidated Financial Statements. Apple Inc. CONSOLIDATED BALANCE SHEETS (In millions, except number of shares which are reflected in thousands and par value) September 28, 2019 September 29, 2018 ASSETS: Current assets: Cash and cash equivalents Marketable securities Accounts receivable, net Inventories Vendor non-trade receivables Other current assets Total current assets 48.844 $ 51,713 22.926 4.106 22,878 12 352 162.819 25.913 40,388 23,186 3.956 25,809 12.087 131,339 Non-current assets: Marketable securities Property, plant and equipment, net Other non-current assets Total non-current assets Total assets 106,341 37 378 32978 175.697 338,516 $ 170.799 41,304 22,283 234,386 365,725 LIABILITIES AND SHAREHOLDERS' EQUITY: Current liabilities: Accounts payable Other current liabilities Deferred revenue Commercial paper Tem debt Total current liabilities 46,236 $ 37.720 5.522 5.980 10,260 106,718 55.888 33,327 5.966 11,964 8,784 15,929 Non-current liabilities: Temm debt Other non-current liabilities Total non-current liabilities Total liabilities 91,807 50,503 142,310 248,028 93,735 48.914 142,649 258,578 Commitments and contingencies Shareholders' equity Common stock and additional paid-in capital, $0.00001 par value: 12,600,000 shares authorized: 4,443,236 and 4754,986 shares issued and outstanding, respectively Retained earnings Accumulated other comprehensive income/loss) Total shareholders' equity Total liabilities and shareholders' equity See accompanying Notes to Consolidated Financial Statements. 45,174 45,898 (584) 90.488 338.516 $ 40,201 70,400 (3.454) 107,147 365,725 Apple Inc. CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (In millions) Years ended September 28, September 29, September 30, 2019 2018 2017 55,256 $ 59,531 $ 48,351 Net income Other comprehensive income (loss): Change in foreign currency translation, net of tax (408) (525) 224 (661) 523 1,315 Change in unrealized gains/losses on derivative Instruments, net of tax: Change in fair value of derivatives Adjustment for net (gains)losses realized and included in net income Total change in unrealized gains/losses on derivative Instruments 23 382 (1,477) (638) 905 (162) 3,802 (3,407) (782) Change in unrealized gains/losses on marketable securities, net of tax: Change in fair value of marketable securities Adjustment for net (gains/losses realized and included in net income Total change in unrealized gains/losses on marketable securities 25 3,827 (3,406) (846) Total other comprehensive income/(loss) Total comprehensive income 2.781 58,037 $ (3,026) 56,505 (784) 47,567 See accompanying Notes to Consolidated Financial Statements, Apple Inc. CONSOLIDATED STATEMENTS OF OPERATIONS (In millions, except number of shares which are reflected in thousands and per share amounts) September 28, 2019 Years ended September 29, 2018 September 30, 2017 $ Net sales: Products Services Total net sales 213,883 $ 46,291 260.174 225,847 $ 39.748 265,595 196,534 32,700 229,234 Cost of sales: Products Services Total cost of sales Gross margin 144,996 16,786 161,782 98,392 148,164 15,592 163,756 101.839 126,337 14,711 141,048 88,186 Operating expenses: Research and development Selling, general and administrative Total operating expenses 16,217 18.245 34.462 14,236 16,705 30,941 11,581 15.261 26,842 Operating income Other income/(expense), net Income before provision for income taxes Provision for income taxes Net income 63,930 1,807 65,737 10,481 55,256 $ 70,898 2,005 72,903 13,372 59,5315 61,344 2,745 64,089 15,738 48,351 $ Earnings per share: Basic Diluted 11.97 $ 11.89 $ 12.01 $ 11.91 $ 9.27 9.21 Shares used in computing earnings per share: Basic Diluted 4,617,834 4,648,913 4,955,377 5,000,109 5,217.242 5,251,692 See accompanying Notes to Consolidated Financial Statements