EFTA00796512.txt

"Apple could be facing some challenges at the lower end of its iPhone portfolio"

"Apple mentioned that revenue from wearable products (including Apple Watch"

"Apple mentioned that revenue from wearable products (including... AirPods"

"Apple mentioned that revenue from wearable products (including... Beats headphones)"

"Apple could be accruing for QCOM royalties at a lower rate vs history"

"Apple is accruing for Samsung royalty payments"

"BofA Merrill Lynch Research believes it better reflects the investment prospects"

"Wamsi Mohan Research Analyst... vramsimohan@banlcorn"

"Ruplu Shattatharya Research Analyst... ruplubhartachasyrittemlcom"

"Pram Singh. CFA Research Analyst... [email protected]"

"Jennifer F. Lang Research Analyst... Jemifer(lang@baml co n"

"MLPF&S together with its affiliates beneficially owns one percent or more of the common stock of this issuer... Apple Inc"

"Bankof America "I) . Merrill Lynch Apple Inc 103 May 2017"

"Merrill Lynch Apple Inc 103 May 2017"

"Wamsi Mohan is listed repeatedly alongside company tickers and ratings in a BofA Merrill Lynch research report format."

"Param Singh is listed alongside company tickers and ratings in a BofA Merrill Lynch research report format."

"Source Company reports. sofA Ihemll LynchGlobal Researchestimates Apple Intl 03 May 2017"

"BofA Merrill Lynch Global Research reports are distributed simultaneously to internal aid client websites and other portals by BofA Merrill Lynch"

"None of MLPF&S, any of its affiliates or their research analysts has any authority whatsoever to make any representation or warranty on behalf of the "

"BotA Merrill Lynch... Analyst Wamsi Mohan"

"BotA Merrill Lynch... Analyst Param Singh. CFA"

"BotA Merrill Lynch... Analyst Ruplu Bhattacharya"

"Officers of MLPF&S or one or more of its affiliates (other than research analysts) may have a financial interest"

"'BofA Merril Lynch' includes Merrill Lynch, Pierce, Fenner & Smith Incorporated (MLPF&S) and its affiliates"

"Merrill Lynch South Africa (Pty) Ltd, regulated by The Financial Service Board"

"Merrill Lynch International regulated by the Financial Conduct Authority (FCA)"

"Merrill Lynch International regulated by... the Prudential Regulation Authority (PRA)"

"Merrill Lynch Equities (Australia) Limited, regulated by the Australian Securities and Investments Commission"

"Merrill Lynch (Asia Pacific) limited, regulated by the Hong Kong Securities and Futures Commission (HKSFC)"

"Merrill Lynch (Singapore) Pte Ltd, regulated by the Monetary Authority of Singapore (MAS)"

"Merrill Lynch Canada Inc, regulated by the Investment Industry Regulatory Organization of Canada"

"Merrill Lynch Mexico, SA de CV, Casa de Balsa, regulated by the Comision Nacional Bancaria y de Valores"

"Merrill Lynch Japan Securities Co, Ltd., regulated by the Financial Services Agency"

"Merrill Lynch Securities (Taiwan) Ltd., regulated by the Securities and Futures Bureau"

"DSP Merrill Lynch limited, regulated by the Securities and Exchange Board of India"

"PT Merrill Lynch Sekuritas Indonesia, regulated by Otoritasslasa Keuangan (OJK)"

"Merrill Lynch Israel Limited, regulated by Israel Securities Authority"

"OOO Merrill Lynch Securities Moscow, regulated by the Central Bank of the Russian Federation"

"Merrill Lynch International (DIFC Branch), regulated by the Dubai Financial Services Authority (DFSA)"

"Merrill Lynch Capital Markets Espana, SAS, regulated by Comision National del Mercado De Valores"

"Bank of America Merrill Lynch Banco Multiplo SA, regulated by Cornissao de Values Mobiliarios"

"Merrill Lynch Kingdom of Saudi Arabia Company, regulated by the Capital Market Authority"

"Merrill Lynch International Bank Limited... authorized by the Central Bank of Ireland"

"Bank of America Merrill Lynch International Limited, Frankfurt Branch... is regulated by BaFin"