Apple Inc. F2Q10 (Qtr end 03/27/10) Earnings Call Transcript

Apr. 20, 2010 8:56 PM ETApple Inc. (AAPL)7 Comments
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Apple Inc. (NASDAQ:AAPL) F2Q10 Earnings Call April 20, 2010 5:00 PM ET


Nancy Paxton - Senior Director, Investor Relations and Corporate Finance

Peter Oppenheimer - Chief Financial Officer, Senior Vice President

Timothy D. Cook - Chief Operating Officer

Gary Wipfler - Treasurer


Gene Munster – Piper Jaffray

Benjamin Reitzes – Barclays Capital

Shannon Cross - Cross Research

Bill Shope – Credit Suisse

Toni Sacconaghi - Sanford Bernstein

Richard Gardner – Citigroup

Maynard Um – UBS

Brian Marshall – Broadpoint Amtech

Mike Abramsky - RBC Capital Markets

Katie Huberty – Morgan Stanley

Keith Bachman – BMO Capital Markets

Yair Reiner – Oppenheimer

Mark Moskowitz – JP Morgan


Welcome to the Apple Incorporated second quarter fiscal year 2010 earnings release conference call. Today’s call is being recorded. At this time for opening remarks and introductions, I would like to turn the conference over to Ms. 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 will be joined by Apple COO, Tim Cook and Treasurer, Gary Wipfler for the Q&A session with analysts.

Please note that some of the information you will 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 forecasts. For more information, please refer to the risk factors discussed in Apple's Form 10-K for 2009 as amended, the Form 10-Q for the first quarter of fiscal 2010 and the form 8-K filed with the SEC today along with the attached press release. Apple assumes no obligation to update any forward-looking statements or information which speak as of their respective dates.

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