Apple's CEO Discusses F2Q 2014 Results - Earnings Call Transcript

Apr. 23, 2014 8:33 PM ETApple Inc. (AAPL)73 Comments
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Apple Inc. (NASDAQ:AAPL) F2Q 2014 Earnings Conference Call April 23, 2014 5:00 PM ET


Nancy Paxton –Senior Director-Investor Relations

Timothy D. Cook – Chief Executive Officer

Luca Maestri – Vice President of Finance and Corporate Controller


Katy Huberty – Morgan Stanley & Co. LLC

Bill C. Shope – Goldman Sachs & Co.

Toni Sacconaghi – Sanford Bernstein

Steven M. Milunovich – UBS Securities LLC

Shannon S. Cross – Cross Research LLC

Gene Munster – Piper Jaffray


Good day, everyone, and welcome to the Apple Incorporated Second Quarter Fiscal Year 2014 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 today. Speaking first today are Apple CEO, Tim Cook, and Vice President and Corporate Controller, Luca Maestri, and they will be joined by CFO, Peter Oppenheimer for the Q&A session with the analysts.

Please note that some of the information you’ll hear during our discussion today will consists of forward-looking statements, including without limitation, those regarding revenue, 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 2013, the Form 10-Q for the first quarter of fiscal 2014, and the Form 8-K filed with the SEC today, along with the associated press release. Apple assumes no obligation to update any forward-looking statements or information, which speak as of their respective dates.

I’d now like to turn the call over to Tim for introductory remarks.

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