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Apple (AAPL) Q2 2018 Results - Earnings Call Transcript

May 01, 2018 8:35 PM ETApple Inc. (AAPL)52 Comments
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Apple, Inc. (NASDAQ:AAPL) Q2 2018 Earnings Call May 1, 2018 5:00 PM ET


Nancy Paxton - Apple, Inc.

Timothy Donald Cook - Apple, Inc.

Luca Maestri - Apple, Inc.


Shannon S. Cross - Cross Research LLC

Kathryn Lynn Huberty - Morgan Stanley & Co. LLC

Michael J. Olson - Piper Jaffray & Co.

Amit Daryanani - RBC Capital Markets LLC

Steven Milunovich - UBS Securities LLC

Brian J. White - Monness, Crespi, Hardt & Co., Inc.

Wamsi Mohan - Bank of America Merrill Lynch

Jim Suva - Citigroup Global Markets, Inc.


Good day everyone, and welcome to the Apple Incorporated Second Quarter Fiscal Year 2018 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's 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, capital allocation, share repurchases, dividends 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 most recently filed periodic reports on Form 10-K and Form 10-Q 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

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