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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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Hi, thanks. I have a question on the, I guess the enterprise business. Two questions, first, on your iPhone business, any color you can share with us, the breakout between consumer and enterprise, at least qualitatively and how that's been trending? And then, the second question is what are the key features with Snow Leopard is native support for exchange. Any comment on how that's helping your enterprise effort? Thanks.

Tim Cook

Shaw, it's Tim. In terms of the iPhone in the corporate market, what I can tell you is employee demand for iPhone in the corporate environment is very strong. Since the launch of the iPhone 3GS, which coupled with the software made a number of improvements that CIOs were looking for. The iPhone is either being deployed or being piloted in well over 50% of the Fortune 100. And from an international point of view, if you look at Europe, this is true in about 50% of the Financial Times 100. And so, we feel very good with the progress that we've made since the iPhone 3GS was announced.

Also, another very key market for us that some people call enterprise is that over 350 higher Ed institutions have approved iPhones for their faculty, staff and students. And in addition to both of these, we continue to be very, very happy with our sales in the government arena.

In terms of Snow Leopard and Exchange, I don't have any statistics to go over with you yet. It's very early. As you know, we just started shipping at the end of August last quarter. And so, we'll see how that does, but it clearly makes it very simple for the windows user to, with Exchange, working right out of the box.

Shaw Wu - Kaufman Brothers

Thanks for the color.

Tim Cook

Okay.

Nancy Paxton

Thank you, Shaw. Could we have the next question, please?

Operator

We'll hear from Brian Marshall with Broadpoint AmTech.

Brian Marshall - Broadpoint AmTech

Hi, thanks. Nice quarter. I guess a question with regards to the enterprise as well. I think last quarter you may have commented, there are several government agencies out there that have kind of 30,000-plus iPhone units installed. I was wondering if we could get an update there on maybe some granular specifics of some of this.

Tim Cook

No new update on specific numbers, but we continue to be very pleased with the market and the number of agencies that are adopting the iPhone.

Brian Marshall - Broadpoint AmTech

Okay. And the same with regards to corporate entities as well?

Tim Cook
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