Apple's CEO Discusses Q2 2012 Results - Earnings Call Transcript

Apple (AAPL)

Q2 2012 Earnings Call

April 24, 2012 5:00 pm ET

Executives

Nancy Paxton -

Peter Oppenheimer - Chief Financial Officer and Senior Vice President

Timothy D. Cook - Chief Executive Officer and Director

Analysts

Katy Huberty - Morgan Stanley, Research Division

Richard Gardner - Citigroup Inc, Research Division

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

Bill C. Shope - Goldman Sachs Group Inc., Research Division

Charles Eugene Munster - Piper Jaffray Companies, Research Division

Benjamin A. Reitzes - Barclays Capital, Research Division

Keith F. Bachman - BMO Capital Markets U.S.

Mark A Moskowitz - JP Morgan Chase & Co, Research Division

Shannon S. Cross - Cross Research LLC

Shaw Wu - Sterne Agee & Leach Inc., Research Division

Scott D. Craig - BofA Merrill Lynch, Research Division

Kulbinder Garcha - Crédit Suisse AG, Research Division

Chris Whitmore - Deutsche Bank AG, Research Division

Presentation

Operator

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Good day, everyone, and welcome to this Apple Incorporated Second Quarter Fiscal Year 2012 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

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 CEO, 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 will consist of forward-looking statements, including, without limitation, those regarding revenue, gross margin, operating expenses, other income and expense, stock-based compensation expense, taxes, earnings per share and future products. 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 2011, the Form 10-Q for the first quarter of fiscal 2012 and the Form 8-K filed with the SEC today along with the attached press release. Apple assumes no obligation to update any forward-looking statements or information, which speak as of their respective dates.

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