Apple's CEO Discusses Q4 2011 Results - Earnings Call Transcript

Oct. 18, 2011 10:10 PM ETApple Inc. (AAPL)7 Comments
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Apple (NASDAQ:AAPL) Q4 2011 Earnings Call October 18, 2011 5:00 PM ET


Peter Oppenheimer - Chief Financial Officer and Senior Vice President

Nancy Paxton - IR

Timothy D. Cook - Chief Executive Officer and Director


Keith F. Bachman - BMO Capital Markets U.S.

Richard Gardner - Citigroup Inc, Research Division

Benjamin A. Reitzes - Barclays Capital, Research Division

Kulbinder Garcha - Crédit Suisse AG, Research Division

Mark A Moskowitz - JP Morgan Chase & Co, Research Division

Katy Huberty - Morgan Stanley, Research Division

Chris Whitmore - Deutsche Bank AG, Research Division

A.M. Sacconaghi - Sanford C. Bernstein & Co., LLC., Research Division

Scott D. Craig - BofA Merrill Lynch, Research Division

Mike Abramsky - RBC Capital Markets, LLC, Research Division

Bill C. Shope - Goldman Sachs Group Inc., Research Division

Charles Eugene Munster - Piper Jaffray Companies, Research Division


Good day, everyone, and welcome to the Apple Inc. Fourth Quarter Fiscal Year 2011 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. 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 2010, Form 10-Q for the first 3 quarters of fiscal 2011 and the Form 8-K filed with the SEC today along with the attached press release. Apple assumes no

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