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Apple Inc. (AAPL) CEO Tim Cook on Q1 2021 Results - Earnings Call Transcript

Jan. 27, 2021 8:48 PM ETApple Inc. (AAPL)21 Comments
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Apple Inc. (NASDAQ:AAPL) Q1 2021 Results Conference Call January 27, 2021 5:00 PM ET

Company Participants

Tejas Gala - Director of Investor Relations and Corporate Finance

Tim Cook - Chief Executive Officer

Luca Maestri - Chief Financial Officer

Conference Call Participants

Katy Huberty - Morgan Stanley

Wamsi Mohan - Bank of America

Shannon Cross - Cross Research

Toni Sacconaghi - Bernstein

Amit Daryanani - Evercore ISI

Samik Chatterjee - JP Morgan

Krish Sankar - Cowen

Chris Caso - Raymond James

Jim Suva - Citigroup


Good day, and welcome to the Apple Q1 Fiscal Year 2021 Earnings 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 Tejas Gala, Director of Investor Relations and Corporate Finance. Please go ahead.

Tejas Gala

Thank you. Good afternoon and thank you 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 and future business outlook, including the potential impact of COVID-19 on the Company's business and results of operations. These statements involve risks and uncertainties that may cause actual results or trends to differ materially from our forecast.

For more information, please refer to the risk factors discussed in Apple's most recently filed annual report on Form 10-K 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

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Comments (21)

Catman69 profile picture
Apples fry good un butter.

Looking forward to their iCar. Talks with Nissan collapsed. www.youtube.com/...


Where is the guidance?

AAPL did not provide guidance 4 months ago.


During the pandemic they have held back on guidance. I would like to see some at next earnings.
Insightful and thoughtful remarks by Tim Cook, about the state of the world and where we’re headed.. if you read to the end. Apple is in good hands.
Results unmatched by any other company in America, yet Wall Street sells AAPL off

We can only hope that those fine young American citizens on Reddit that are slaughtering those short selling hedge fund hogs advance their horizons and touch many other stocks

Be funny to see Wall Street and the greedy rich there that live only for the next almighty dollar to be destroyed by these millions of young new traders!!
Apple continues to improve their business. Incredible results!
Apple was probably being held back in after hours trading because Melvin Capital had to cover shorts to the tune of $2.75 bazillion. They no doubt had to liquidate several long positions to come up with that kind of scratch! Like a real life episode of "Billions" playing out for real.

After watching Hedge funds ruin companies and shareholders for decades, it was amusing watching the Bully crying to regulators after being pummeled by the retail investors who fought back with quite a genius plan for waaaaay overdue payback. A real lesson was taught today!
If you want to know who the SWAMP is, it's everyone siding with the hedge funds.

So there are these kids trying to save their beloved local video game store, and the only way they can accomplish this is to destroy a hedge fund, and risk all their hard earned money to do it. Their plan, buy a company's stock, that they like, and just simply hold it. Isn't this Keynesian economics? Isn't this why Tesla succeeded? Because the next generation doesn't want to live in a toxic world, so they risked their hard earned dollars, at this impossible task.

Yet, you have Citadel on the other end, a Market Maker, who actually resembles the other definition of MM, Market Manipulators. Everyone, please look at the 1 minute Forex Candles tomorrow. You will see the craziest price actions you have ever seen, and it will be mind blowing, unnatural, manipulated. How does the SEC not see this?

All those that support the Citadel and these hedge funds, are the swamp that Trump was talking about. Politicians and the media that are protecting these hedge funds, are probably getting a payout. Trump wasn't gonna drain the swamp, it was a bunch of kids on Reddit.

I believe the CEO of the Citadel bought an island? Where did he get all this money. He stole it, by knowing the future price action of stocks.

If you are rooting for the hedge funds, whether you're invested in them or not, you have no heart.

Who pulled the wool over your eyes, and why have you all become so passive?

Become active, tell your friends to invest their speculative positions in these heavily shorted stocks.


GordyJ profile picture
@RetireHawaii wow. Spot on.
@RetireHawaii trump IS THE swamp. so, i don't know why you use anything he says as real.
@RetireHawaii I've been part of those kids on reddit for a couple years now and I am 44 lol They aren't all kids my friend. Long GME
Kaboom! Longgggggg AAPL.
SEC Investigator2 profile picture
At 5pm Apple was down .17. Tim hadn’t said five words when Apple dropped another $3+. Blowout numbers, huge blowout.....record quarter and Apple drops over 4%. Tim and Luca, your time is up!
@SEC Investigator2

Really?? Shut up dude
@SEC Investigator2 Apple dropped because Goldman Sachs is shorting the heck out of it and will come out tomorrow morning before the bell with it's usual negative analysis and stock price of $79. Look for the Goldman Sachs proxy media to join in the bashing. It happens every Q and if you didn't notice Goldman Sachs wasn't even on the CC to ask any questions?
@SEC Investigator2

The only logical thing I come up with, He's a hedge fund puppet.
iPhone 12: 2 Trillion Market cap

VR headset: 5 Trillion MC

Car: :10 Trillion MC

Buy and hold strong
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