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Apple F1Q08 (Qtr End 12/29/07) Earnings Call Transcript

Jan. 22, 2008 9:17 PM ETApple Inc. (AAPL)
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Apple Inc. (NASDAQ:AAPL) F1Q08 Earnings Call January 22, 2008 5:00 PM ET


Nancy Paxton - Investor Relations

Peter Oppenheimer - Chief Financial Officer, Senior Vice President

Timothy D. Cook - Chief Operating Officer


Katy Huberty - Morgan Stanley

Bill Fearnley - FTN Midwest

David Bailey - Goldman Sachs

Bill Shope - J.P. Morgan

Richard Gardner - Citigroup

Ben Reitzes - UBS

Shannon Cross - Cross Research

Keith Bachman - Bank of Montreal

Charles Wolf - Needham & Company

Gene Munster - Piper Jaffray

Andrew Neff - Bear Stearns

Toni Sacconaghi - Sanford Bernstein

Mike Abramsky - RBC Capital Markets

Tavis McCourt - Morgan Keegan

Shaw Wu - American Technology Research

Chris Whitmore - Deutsche Bank

Andy Hargreaves - Pacific Crest Securities


Good day and welcome to the Apple Incorporated first quarter 2008 quarterly results conference call. Today’s call is being recorded. At this time, for opening remarks and introductions, I would like to turn the conference over to Ms. Nancy Paxton, Senior Director of Investor Relations and Corporate Finance. Please go ahead, Madam.

Nancy Paxton

Thank you. Good afternoon and thanks for joining us. Speaking today is Apple CFO Peter Oppenheimer and he’ll be joined by Apple COO Tim Cook and Treasurer Gary Wipfler for the Q&A session with analysts.

Please note that some of the information you’ll hear during our discussion today may consist of forward-looking statements regarding revenue, gross margin, operating expenses, other income and expense, stock-based compensation expense, taxes and earnings. 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 2007 and the Form 8-K filed with the SEC today in the attached press release.

Apple assumes no obligation to update any forward-looking statements or information which speak

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