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Apple Inc Q4 2009 Earnings Call Transcript
Author: 123jump.com Staff
123jump.com
Last Update: 5:26 PM ET October 20 2009

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Apple Inc fourth quarter sales rose 25% to $9.87 billion and net income rose 46.5% to $1.67 billion or $1.82 a share.

 
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And finally, and I wouldn't underestimate this, the demand for the portables that we announced in June was a key for the quarter at 35% growth and some of that was demand that was probably existed in June, but we were unable to fill. So, it got the quarter off to a very good start. So, those are the things that we thought about as we forecasted the Mac business.

Chris Whitmore - Deutsche Bank

Second question on iPhone supply, can you quantify the magnitude of the unit shortfall? In other words, what do you think you could have shipped, had you had adequate supply during the quarter?

Tim Cook

It's a very tough question to answer, because unfortunately, we can't run the experiment both ways. What I know is that for the -- almost the entire quarter, until we got into September, the iPhone 3GS was short virtually everywhere. What I don't know is how many people waited until it was available versus bought a competitive phone and there is not a good way to tell that.

Chris Whitmore - Deutsche Bank

Are you on track to reach 80 countries by yearend for iPhone shipments? iPhone availability?

Peter Oppenheimer

To be specific, we already shipped the iPhone 3G in over 80 today. We shipped the 3GS in 64 countries as of the end of last quarter and we would forecast that we would be in over 80 by the end of the calendar year, with the 3GS.

Chris Whitmore - Deutsche Bank

Last question relates to guidance. Given the accounting change in my opinion, GAAP accounting loses some meaning. Can you provide a range of pro-forma expectations for December? I think that would be more meaningful to the investment community.

Peter Oppenheimer

I provided you the guidance that, that we provided, is very detailed and consistent with when we began to ship the iPhone, we provide guidance on GAAP and we will report to you, our numbers in January for the December quarter.

Chris Whitmore - Deutsche Bank

Thank you.

Nancy Paxton

Thanks, Chris. Could we have the next question, please?

Operator

We'll hear from Shaw Wu with Kaufman Brothers.

Shaw Wu - Kaufman Brothers
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