Apple (AAPL) Q2 2017 Results - Earnings Call Transcript

May 02, 2017 8:13 PM ETApple Inc. (AAPL)22 Comments
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Apple, Inc. (NASDAQ:AAPL) Q2 2017 Earnings Call May 2, 2017 5:00 PM ET


Nancy Paxton - Apple, Inc.

Timothy Donald Cook - Apple, Inc.

Luca Maestri - Apple, Inc.


Kathryn Lynn Huberty - Morgan Stanley & Co. LLC

Shannon S. Cross - Cross Research LLC

Rod Hall - JPMorgan Securities LLC

Steven M. Milunovich - UBS Securities LLC

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

Simona K. Jankowski - Goldman Sachs & Co.

Jim Suva - Citigroup Global Markets, Inc.


Good day, everyone, and welcome to this Apple Incorporated second quarter fiscal year 2017 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 - Apple, Inc.

Thank you. Good afternoon and thanks to everyone for joining us. Speaking first today 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, future business outlook, and plans for capital return and debt issuance. 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 2016, the Form 10-Q for the first quarter of 2017, 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

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