Apple's (AAPL) CEO Tim Cook on Q4 2015 Results - Earnings Call Transcript

Oct. 27, 2015 10:59 PM ETApple Inc. (AAPL)63 Comments
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Apple, Inc. (NASDAQ:AAPL) Q4 2015 Earnings Conference Call October 27, 2015 5:00 PM ET

Executives

Nancy Paxton - Senior Director, Investor Relations

Tim Cook - Chief Executive Officer

Luca Maestri – SVP and Chief Financial Officer

Analysts

Katy Huberty - Morgan Stanley

Gene Munster - Piper Jaffray

Toni Sacconaghi - Bernstein

Shannon Cross - Cross Research

Steve Milunovich - UBS

Simona Jankowski - Goldman Sachs

Amit Daryanani - RBC Capital Markets

Rod Hall - JPMorgan

Operator

Good day ladies and gentlemen, and welcome to the Apple Incorporated Fourth Quarter Fiscal Year 2015 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 first is Apple CEO Tim Cook, and he'll be followed by CFO Luca Maestri, after that we'll open the call to questions from 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 revenue, gross margin, operating expenses, other income and expense, taxes and future business outlook. 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 2014, the Form 10-Q for the first three quarters of fiscal 2015 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 speaks as of their respective dates.

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

Tim Cook

Thanks, Nancy. Good afternoon everyone, and thanks for joining us. Today, we are reporting a very

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