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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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Bill Fearnley - FTN Equity Capital

Okay, thanks. And then on Mac inventory, just doing a deeper dive here on the air freight question, I know you won''t talk about the product, but what''s driving the increase in air freight? Is the timing of new announcements? Are you having issues with component availability? Are you running into manufacturing yield issues? You know, why the, why the up-tick here?

Tim Cook

Well, what''s driving the air freight is that I haven''t been able to figure out a way to move the holiday season and so we have to get all of these units into the channel for the holiday sales. And I''m sorry, I can''t be more specific than that.

Bill Fearnley - FTN Equity Capital

Okay. Thanks, guys.

Tim Cook

We have to have a little bit of fun on these calls.

Nancy Paxton

Thanks, Bill. And that concludes our Q&A session today. A replay of today''s call will be available for two weeks. As a Podcast on the iTunes store. The web-cast on apple.com/investor and via telephone. And the numbers for the telephone replay are 888-203-1112 or 719-457-0820. The confirmation code is 1248587. And these replays will be available beginning at approximately 5:00 p.m. Pacific time today. Members of the press with additional questions can contact Steve Dowling at 408-974-1896 and financial analysts can contact Joan Hoover or me with additional questions. Joan is at 408-974-4570, and I''m at 408-974-5420. And thanks again for joining us.

Operator

Ladies and gentlemen, that does conclude today''s presentation. We do thank everyone for your participation.
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