This press release contains forward-looking statements, in keeping with the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, without limitation, those about the Company’s expectations regarding the impact of the COVID-19 pandemic; anticipated revenue, gross margin, operating expenses, other income / (expenses) and tax rate; capital return plans; our objective to maintain a neutral net cash position; and our investment plans and initiatives. These statements involve risks and uncertainties, and actual results may differ materially from any future results expressed or implied in the forward-looking statements. Risks and uncertainties include, without limitation: the effect of the COVID-19 pandemic on the Company’s business, operating results, financial condition and share price; the effect of global and regional economic conditions on the Company’s business, including effects on consumer and business purchasing decisions; the Company’s ability to compete in highly competitive markets and subject to rapid technological changes; the Company’s ability to manage frequent product introductions and transitions, including delivery to the market and stimulating customer demand for new products, services and technological innovations in a timely manner; the effect that changes in the mix of products and services and in the geographic, monetary or channel mix, increases the cost of components, increases the cost of acquisition and delivery of content for the Company’s services, price competition or introduction of new products or services, including new products or services with higher cost structures, could have the Company’s gross margin; the Company’s dependence on the performance of distributors of the Company’s products, including cellular network operators and other resellers; the risk of reductions in the value of inventory and other assets and the risk of canceling the purchase commitment; the continued availability, in acceptable terms, or at all, of certain components, services and new technologies essential to the Company’s business, including components and technologies that may be available only from single or limited sources; the Company’s reliance on manufacturing and logistics services provided by third parties, many of which are located outside the United States and which may affect the quality, quantity or cost of the products manufactured or services provided to the Company; the effect of defects in the manufacture and design of products and services on the Company’s financial performance and reputation; the Company’s reliance on third party intellectual property and digital content, which may not be available to the Company in commercially reasonable terms or in any way; the Company’s reliance on support from third-party software developers to develop and maintain software applications and services for the Company’s products; the impact of unfavorable legal proceedings or government investigations; the impact of complex and changing laws and regulations around the world, which expose the Company to potential liabilities, increased costs and other adverse effects on the Company’s business; the Company’s ability to manage risks associated with the Company’s retail stores; the company’s ability to manage the risks associated with the company’s investments in new business and acquisition strategies; the impact on the business and the company’s reputation for information technology system failures, network interruptions or losses or unauthorized access to, or release of, confidential information; the Company’s ability to comply with data protection laws and regulations; the continuous service and availability of key executives and employees; political events, international trade disputes, war, terrorism, natural disasters, public health problems and other business interruptions that could interrupt the supply or delivery or demand of the Company’s products; financial risks, including risks related to currency fluctuations, credit risks and fluctuations in the market value of the Company’s investment portfolio; and changes in tax rates and exposure to additional tax obligations. More information on these risks and other potential factors that could affect the Company’s business and financial results are included in the Company’s files with the SEC, including in the “Risk Factors” and “Management Discussion and Analysis of Financial Condition and Results” sections. of Operations “of the Company’s most recently filed periodic reports on Form 10-K and Form 10-Q and subsequent filings. The Company does not undertake any obligation to update any forward-looking statements or information, which refer to their respective dates.
