This press release contains forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, among others, those about the Company’s expectations regarding the impact of the COVID-19 pandemic; anticipated income, gross margin, operating expenses, other income / (expenses) and tax rate; capital repayment plans; the four-for-one stock split; and a commitment to be carbon neutral by 2030. 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, but are not limited to: the effect of the COVID-19 pandemic on the Company’s business, results of operations, financial condition and share price; the effect of global and regional economic conditions on the Company’s business, including the effects on purchasing decisions of consumers and companies; the Company’s ability to compete in highly competitive markets subject to rapid technological change; the Company’s ability to manage frequent introductions and transitions of products and services, including delivery to the market and to stimulate customer demand for new products, services and technological innovations in a timely manner; the effect that changes in the combination of products and services and in the geographical, monetary or channel combination, the increase in the costs of the components, the increase in the cost of acquiring and delivering content for the Company’s services, the competition price or the introduction of new products or services, including new products or services with higher cost structures, could have in the Company’s gross margin; the Company’s reliance on the performance of distributors of the Company’s products, including cellular network operators and other resellers; the risk of amortizations in the value of inventory and other assets and the risk of cancellation of the purchase commitment; the continued availability, in acceptable terms, or not at all, of certain components, services, and new technologies essential to the Company’s business, including components and technologies that may only be available from limited or single sources; the Company’s dependence on third-party manufacturing and logistics services, many of which are outside of the US, and which may affect the quality, quantity, or cost of products manufactured or services provided to the Company ; the effect of product and service design and manufacturing defects 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 on commercially reasonable terms or at all; the Company’s reliance on the support of third-party software developers to develop and maintain software applications and services for the Company’s products; the impact of unfavorable legal proceedings, such as a possible finding that the Company has infringed on the intellectual property rights of others; the impact of complex and changing laws and regulations around the world, exposing the Company to possible liabilities, higher costs, and other adverse effects on the Company’s business; the Company’s ability to manage the 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 strategies and acquisitions; the impact on the business and reputation of the Company due to failures of the information technology system, network interruptions or loss or unauthorized access or disclosure of confidential information; the Company’s ability to comply with laws and regulations regarding data protection; 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 disrupt the supply or delivery or demand for 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 liabilities. More information about these risks and other potential factors that could affect the Company’s business and financial results is included in the Company’s filings with the SEC, including the “Risk Factors” and “Management’s Discussion and Analysis of the Company” sections. financial situation and results of operations “. of the most recent periodic reports filed by the Company on Form 10-K and Form 10-Q and subsequent filings. The Company does not assume any obligation to update any forward-looking statement or information that refers to their respective dates.
