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Apple Inc Q4 2009 Earnings Call Transcript
Author: 123jump.com Staff
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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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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

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.
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