Apple's CEO Discusses F4Q10 Results - Earnings Call Transcript

Oct. 18, 2010 8:42 PM ETApple Inc. (AAPL)14 Comments
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Apple Inc. (NASDAQ:AAPL) F4Q10 (Qtr End 09/25/2010) Earnings Call October 18, 2010 5:00 PM ET


Nancy Paxton - Senior Director of IR

Peter Oppenheimer - CFO

Steve Jobs - CEO

Tim Cook - COO


Richard Gardner - Citi

Gene Munster - Piper Jaffray

Mike Abramsky - RBC Capital Markets

Benjamin Reitzes - Barclays Capital

Katy Huberty - Morgan Stanley

Toni Sacconaghi - Sanford Bernstein

Shannon Cross - Cross Research

Chris Whitmore - Deutsche Bank


Good day everyone and welcome to this Apple Incorporated fourth quarter fiscal year 2010 earnings release. (Operator Instructions) At this time for opening remarks and introductions, I would like to turn the call over to Nancy Paxton, Senior Director of Investor Relations.

Nancy Paxton

Thank you. Good afternoon and thanks to everyone for joining us. 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 2009, as amended, the Form 10-Q for the first three quarters 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 speaks as of their respective dates.

And with that, I'd like to turn the call over to Apple's CFO, Peter Oppenheimer, for introductory remarks.

Peter Oppenheimer

Thank you, Nancy. Thank you for joining us. We're extremely pleased to report the conclusion of a great fiscal year for Apple with outstanding results for the September quarter. Our innovative product lineup is the best ever and

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