Apple's CEO Discusses F4Q12 Results - Earnings Call Transcript

Apple Inc. (NASDAQ:AAPL) F4Q12 Earnings Call October 25, 2012 5:00 PM ET

Executives

Nancy Paxton – Investor Relations
Peter Oppenheimer – Senior Vice President and Chief Financial Officer
Timothy D. Cook – Chief Executive Officer

Analysts

Katy Huberty – Morgan Stanley & Co. LLC
Bill C. Shope – Goldman Sachs & Co.
Toni M. Sacconaghi – Sanford C. Bernstein & Co. LLC
Shannon S. Cross – Cross Research LLC
Benjamin Reitzes – Barclays Capital
Charles Eugene Munster – Piper Jaffray
Mark A. Moskowitz – JPMorgan Securities LLC
Steven M Milunovich – UBS Securities LLC
Scott D. Craig – Bank of America/Merrill Lynch
Brian Marshall – ISI Group
Keith Bachman – BMO Capital Markets
Chris K. Whitmore – Deutsche Bank Securities
Kulbinder Garcha – Credit Suisse

Operator

Good day, everyone, and welcome to this Apple Incorporated Fourth Quarter Fiscal Year 2012 Earnings Release Conference Call. Today's call is being recorded. At this time, for opening remarks and introductions, I would like to turn the call over to Nancy Paxton, Senior Director of Investor Relations. Please go ahead, ma'am.

Nancy Paxton

Thank you. Good afternoon, and thanks to everyone for joining us. Speaking today is Apple CFO, Peter Oppenheimer; and he'll be joined by Apple CEO, Tim Cook; and Treasurer, Gary Wipfler for the Q&A session with analysts.

Please note that some of the information you'll hear during our discussion today will consist of forward-looking statements, including, without limitation, those regarding revenue, gross margin, operating expenses, other income and expense, stock-based compensation expense, taxes, earnings per share and future products. Actual results or trends could differ materially from our forecast. For more information, please refer to the risk factors discussed in Apple's Form 10-K for 2011, the Form 10-Q for the first three quarters of fiscal 2012 and the Form 8-K filed with the SEC today along with the attached press release. Apple assumes no obligation