Apple Inc. F1Q09 (Qtr End 12/27/08) Earnings Call Transcript

Jan. 21, 2009 11:57 PM ETApple Inc. (AAPL)1 Comment
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Apple Inc. (NASDAQ:AAPL) F1Q09 (Qtr End 12/27/08) Earnings Call January 21, 2009 5:00 PM ET

Executives

Nancy Paxton - Senior Director, IR and Corporate Finance

Peter Oppenheimer - SVP and CFO

Tim Cook - COO

Analysts

Ben Reitzes - Barclays Capital

Bill Shope - Credit Suisse

Richard Gardner - Citigroup

Gene Munster - Piper Jaffray

Bill Fearnley - FTN Midwest

Toni Sacconaghi - Sanford Bernstein

Shannon Cross - Cross Research

Maynard Um - UBS

David Bailey - Goldman Sachs

Mark Moskowitz - JPMorgan

Keith Bachman - Bank of Montreal

Mike Abramsky - RBC Capital Markets

Charles Wolf - Needham & Company

Operator

Good day and welcome to this Apple Incorporated Apple First Quarter Fiscal Year 2009 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, Investor Relations and Corporate Finance. Please go ahead, ma'am.

Nancy Paxton

Thank you. Good afternoon and thanks to everyone for joining us. Speaking today is Apple's CFO, Peter Oppenheimer, and he will be joined by Apple's COO, 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 and earnings per share. Actual results or trends could differ materially from our forecasts.

For more information, please refer to the risk factors discussed in Apple's Form 10-K for 2008 and Form 8-K filed with the SEC today and the attached press release. Apple assumes no obligation to update any forward-looking statements or information, which speak as of their respective dates.

With that, I'd like to turn the call over

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