Apple Computer, Inc. Declares Quarterly Dividend and Announces
Authorization of New Program to Repurchase 10,000,000 shares

CUPERTINO, California--November 17,1992--The board of directors of Apple
Computer, Inc. has declared a $.12 per share dividend for the company's
fourth fiscal quarter ended September 25,1992. The dividend represents
Apple's twenty-third consecutive quarterly dividend and is payable
December 18,1992 to shareholders of record as of the close of business on
December 4, 1992.

The board of directors also approved a new program to repurchase up to
10,000,000 shares of its common stock in the open market from time to
time. This is in addition to approximately 1,400,000 shares remaining to
be repurchased under a previous authorization. Since July 1986, Apple has
repurchased a total of 38,600,000 shares of common stock.

Apple Computer Inc, 20525 Mariana Ave, Cupertino, CA 95014
408-996-1010

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