Apple F3Q08 (Qtr End 6/28/08) Earnings Call Transcript

Jul. 21, 2008 8:26 PM ETApple Inc. (AAPL)9 Comments
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Apple Inc. (NASDAQ:AAPL) F3Q08 Earnings Call July 21, 2008 5:00 PM ET


Nancy Paxton - Senior Director, Investor Relations and Corporate Finance

Peter Oppenheimer - Chief Financial Officer, Senior Vice President

Timothy D. Cook - Chief Operating Officer

Gary Wipfler - Treasurer


Bill Fearnley - FTN Midwest

Richard Gardner - Citigroup

Ben Reitzes - Lehman Brothers

Andy Hargreaves - Pacific Crest Securities

Charles Wolf - Needham & Company

Gene Munster - Piper Jaffray

David Bailey - Goldman Sachs

Keith Bachman - Bank of Montreal

Shannon Cross - Cross Research

Mark Moskowitz - J.P. Morgan

Katy Huberty - Morgan Stanley

Jeff Fidacaro - Merrill Lynch

Toni Sacconaghi - Sanford Bernstein

Mike Abramsky - RBC Capital Markets

Yair Reiner - Oppenheimer & Company

Shaw Wu - American Technology Research


Good day and welcome to this Apple Incorporated Apple fiscal year 2008 third quarter results 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 Ms. Nancy Paxton, Senior Director Investor Relations and Corporate Finance. Please go ahead, Madam.

Nancy Paxton

Thank you. Good afternoon and thanks to everyone 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 will hear during our discussion today may consist of forward-looking statements including without limitation those regarding revenue, iPhone sales, gross margin, operating expenses, other income and expense, stock-based compensation expense, taxes, earnings, and future products. Actual results or trends could differ materially from our forecasts.

For more information, please refer to the risk factors discussed in Apple's Form 10-K for 2007, the Form 10-Q for the first two quarters of fiscal 2008, and

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