Apple's CEO Discusses F2Q13 Results - Earnings Call Transcript

Apr. 23, 2013 6:46 PM ETApple Inc. (AAPL)14 Comments
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Apple Inc. (NASDAQ:AAPL) F2Q13 Earnings Conference Call April 23, 2013 5:00 PM ET

Executives

Nancy Paxton – Senior Director-Investor Relations

Tim Cook – Chief Executive Officer

Peter Oppenheimer – Senior Vice President and Chief Financial Officer

Analysts

Katy Huberty – Morgan Stanley & Co. LLC

Bill C. Shope – Goldman Sachs & Co.

Steven M. Milunovich – UBS Securities LLC

Toni M. Sacconaghi – Sanford C. Bernstein & Co. LLC

Ben A. Reitzes – Barclays Capital, Inc.

Gene E. Munster – Piper Jaffray, Inc.

Shannon S. Cross – Cross Research LLC

Mark A. Moskowitz – JPMorgan Securities LLC

Operator

Please standby, we are about to begin. Good day, ladies and gentlemen, and welcome to this Apple Incorporated Second Quarter Fiscal Year 2013 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 are Apple's CEO, Tim Cook; and CFO, Peter Oppenheimer; and they'll be joined by 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 revenues, gross margins, operating expenses, other income and expense, stock-based compensation expense, taxes, future products and capital allocation plans. 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 2012, the Form 10-Q for the first quarter of 2013 and the Form 8-K filed with the SEC today along with the associated press releases. Apple assumes no obligation to update any forward-looking statements or information, which speak as of

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