Apple Q2 Earnings Call Liveblog @ TUAW.com
4:51
MikeRoseTUAW: 
Hi everyone, and welcome to our liveblog coverage of the Apple Q2 earnings call.

Wednesday April 23, 2008 4:51 MikeRoseTUAW
4:52
MikeRoseTUAW: 
Apple's announcement press release is up at apple.com/investor
Wednesday April 23, 2008 4:52 MikeRoseTUAW
4:53
MikeRoseTUAW: 
The news is pretty good
Wednesday April 23, 2008 4:53 MikeRoseTUAW
4:53
MikeRoseTUAW: 
Call starts in 7 minutes
Wednesday April 23, 2008 4:53 MikeRoseTUAW
4:54
MikeRoseTUAW: 

Revenue Up 43 Percent Year-Over-Year

CUPERTINO, California—April 23, 2008—Apple® today announced financial results for its fiscal 2008 second quarter ended March 29, 2008. The Company posted revenue of $7.51 billion and net quarterly profit of $1.05 billion, or $1.16 per diluted share. These results compare to revenue of $5.26 billion and net quarterly profit of $770 million, or $.87 per diluted share, in the year-ago quarter. Gross margin was 32.9 percent, down from 35.1 percent in the year-ago quarter. International sales accounted for 44 percent of the quarter’s revenue.

Wednesday April 23, 2008 4:54 MikeRoseTUAW
4:54
MikeRoseTUAW: 
As John Gruber would say, 'jiminy.'
Wednesday April 23, 2008 4:54 MikeRoseTUAW
4:55
[Comment From DAL 5 RingsDAL 5 Rings: ] 
The street isn't receiving it that way... down under $155 in after hours
Wednesday April 23, 2008 4:55 DAL 5 Rings
4:55
MikeRoseTUAW: 
comments coming in:

Wednesday April 23, 2008 4:55 MikeRoseTUAW
4:55
[Comment From GuestGuest: ] 
apple stock tumbing based on excellent ernings. Go figure
Wednesday April 23, 2008 4:55 Guest
4:55
[Comment From St3phenSt3phen: ] 
I sure wish they hadn't provided such negative guidance 3 months ago for this quarter if they were gonna blow it out like this.... the stock would not have taken a dive.
Wednesday April 23, 2008 4:55 St3phen
4:55
MikeRoseTUAW: 
Apple guidance is historically conservative to the point of sclerosis

Wednesday April 23, 2008 4:55 MikeRoseTUAW
4:55
MikeRoseTUAW: 

Apple shipped 2,289,000 Macintosh® computers during the quarter, representing 51 percent unit growth and 54 percent revenue growth over the year-ago quarter. The Company sold 10,644,000 iPods during the quarter, representing one percent unit growth and eight percent revenue growth over the year-ago quarter. Quarterly iPhone™ sales were 1,703,000.

“We’re delighted to report 43 percent revenue growth and the strongest March quarter revenue and earnings in Apple’s history,” said Steve Jobs, Apple’s CEO. “With over $17 billion in revenue for the first half of our fiscal year, we have strong momentum to launch some terrific new products in the coming quarters.”

Wednesday April 23, 2008 4:55 MikeRoseTUAW
4:56
MikeRoseTUAW: 
Call kicking in momentarily
Wednesday April 23, 2008 4:56 MikeRoseTUAW
4:57
[Comment From St3phenSt3phen: ] 
Analysts are probably mad about the good numbers given that Apple seemed to caution about poor numbers. The street wants to feel "in the know" and they don't like surprises.
Wednesday April 23, 2008 4:57 St3phen
4:57
[Comment From EricEric: ] 
The stock is tumbling because the projected $1.00 profit per diluted share for next quarter and all the after hours traders are selling off.
Wednesday April 23, 2008 4:57 Eric
4:57
MikeRoseTUAW: 
Wednesday April 23, 2008 4:57 MikeRoseTUAW
4:58
MikeRoseTUAW: 
After  Hours:  160.75  -2.14  (-1.31%)    Apr 23 4:42pm ET
Wednesday April 23, 2008 4:58 MikeRoseTUAW
4:58
[Comment From iTechworldiTechworld: ] 
I failed my stock market project because of their stock decrease
Wednesday April 23, 2008 4:58 iTechworld
4:58
MikeRoseTUAW: 
Sorry about that iTechworld :)
Wednesday April 23, 2008 4:58 MikeRoseTUAW
4:58
[Comment From GuestGuest: ] 
lower stock price now just means that much more of a delta when it goes back up later, which it will. it's already hit $200 and it will again, just a matter of when.
Wednesday April 23, 2008 4:58 Guest
4:58
[Comment From DannyDanny: ] 
Hopefully they'll drop further and I'll pick them up extra cheap and be even more satisfied when the sky-rocket later in the year!
Wednesday April 23, 2008 4:58 Danny
4:59
[Comment From FredFred: ] 
When did a couple of bucks become "tumbling" This is why our economy is a wreck. People can't just calm down and $2 is some kind of tragedy.
Wednesday April 23, 2008 4:59 Fred
4:59
Nik: 
Evening Mike!
Wednesday April 23, 2008 4:59 Nik
4:59
Is AAPL priced right at $160?
Too high
 ( 4% )
Too low
 ( 71% )
Just right
 ( 19% )
You can get an iPhone for $160??
 ( 5% )

Wednesday April 23, 2008 4:59 
4:59
MikeRoseTUAW: 
Hey, welcome to Nik!
Wednesday April 23, 2008 4:59 MikeRoseTUAW
4:59
[Comment From FritzLaurelFritzLaurel: ] 
they don't pay a dividend anyway, right??
Wednesday April 23, 2008 4:59 FritzLaurel
5:00
MikeRoseTUAW: 
Correct, Fritz, no dividend.
Wednesday April 23, 2008 5:00 MikeRoseTUAW
5:00
[Comment From BonesSKBonesSK: ] 
Not to mention the iPhone2 hype that will come when it is introd
Wednesday April 23, 2008 5:00 BonesSK
5:00
[Comment From AriXAriX: ] 
Heh, these polls are awesome. But yeah, they seriously need to pay a dividend :( I own a bunch of stock.
Wednesday April 23, 2008 5:00 AriX
5:01
[Comment From DannyDanny: ] 
Will they be taking questions this evening?
Wednesday April 23, 2008 5:01 Danny
5:01
[Comment From AriXAriX: ] 
The stock will skyrocket as soon as they introduce their next exciting product.
Wednesday April 23, 2008 5:01 AriX
5:01
[Comment From vidluthervidluther: ] 
heh, I bought shares at 85, I want another firesale :)
Wednesday April 23, 2008 5:01 vidluther
5:01
What should Apple do with its cash hoard?
Buy an island
 ( 5% )
Free iPhones for everyone
 ( 22% )
Work on development of the touchless interface
 ( 45% )
Spend it at Arby's
 ( 1% )
Two words: kegger.
 ( 26% )

Wednesday April 23, 2008 5:01 
5:01
MikeRoseTUAW: 
Ok, that's one word for Kegger.

Wednesday April 23, 2008 5:01 MikeRoseTUAW
5:02
[Comment From engadgetengadget: ] 
hey tuaw
Wednesday April 23, 2008 5:02 engadget
5:02
MikeRoseTUAW: 
Hi engadget!
Wednesday April 23, 2008 5:02 MikeRoseTUAW
5:02
Nik: 
Engadget!
Wednesday April 23, 2008 5:02 Nik
5:02
MikeRoseTUAW: 
Just had a moment of background noise on the call, back to the music.
Wednesday April 23, 2008 5:02 MikeRoseTUAW
5:02
[Comment From Camillo MillerCamillo Miller: ] 
Hi guys www.theapplelounge.com from Italy :-)
Wednesday April 23, 2008 5:02 Camillo Miller
5:02
[Comment From Eric T.Eric T.: ] 
Is there any proof of a touchless interface coming out any soon?
Wednesday April 23, 2008 5:02 Eric T.
5:02
MikeRoseTUAW: 
Eric, that was a bit of a joke.
Wednesday April 23, 2008 5:02 MikeRoseTUAW
5:03
Nik: 
Eric: I'm not sure how that would, er, work? ;-)
Wednesday April 23, 2008 5:03 Nik
5:03
MikeRoseTUAW: 
http://money.aol.com/news/articles/_a/apple-crushes-wall-street-expectations/20080423104009990001
Wednesday April 23, 2008 5:03 MikeRoseTUAW
5:03
[Comment From mirqmirq: ] 
if the street is waiting for iphone 2, device not software, then they are in for a rude shock
Wednesday April 23, 2008 5:03 mirq
5:03
[Comment From FritzLaurelFritzLaurel: ] 
not to harp about no dividend, but you should add that as an option to the poll about what to do w/ their hoard.
Wednesday April 23, 2008 5:03 FritzLaurel
5:04
[Comment From a.osmana.osman: ] 
I guess brainwave-controlled computers are the future
Wednesday April 23, 2008 5:04 a.osman
5:04
[Comment From mattmatt: ] 
i'd like to see more of the acquisitions like the one announced today - Steve bringing NeXT into the fold is what brought us the nirvana we call OS X
Wednesday April 23, 2008 5:04 matt
5:04
Seriously, though, the cash hoard
Dividend
 ( 37% )
Lower prices
 ( 13% )
Improve specs/more RAM
 ( 28% )
Buy Intel
 ( 22% )

Wednesday April 23, 2008 5:04 
5:04
MikeRoseTUAW: 
Call starting.
Wednesday April 23, 2008 5:04 MikeRoseTUAW
5:04
[Comment From laurenlauren: ] 
The Street isn't interested in this profit. THey are only concerned with future growth. Predictions for Q3 are lower, $1.00
Wednesday April 23, 2008 5:04 lauren
5:05
MikeRoseTUAW: 
Nancy Paxton speaking, introing Peter Oppenheimer and Tim Cook
Wednesday April 23, 2008 5:05 MikeRoseTUAW
5:05
MikeRoseTUAW: 
To hear the call go to the QuickTime stream at http://www.apple.com/quicktime/qtv/earningsq208/
Wednesday April 23, 2008 5:05 MikeRoseTUAW
5:05
[Comment From ScottScott: ] 
Q3 is the second weakest of the year. Q4 and Q1 are their sales quarters
Wednesday April 23, 2008 5:05 Scott
5:05
Nik: 
Apple's usual forward-looking legal disclaimers
 lead to Peter Oppenheimer
Wednesday April 23, 2008 5:05 Nik
5:05
MikeRoseTUAW: 
Peter intro remarks
Wednesday April 23, 2008 5:05 MikeRoseTUAW
5:06
MikeRoseTUAW: 
Highest march quarter revenues in Apple history
Wednesday April 23, 2008 5:06 MikeRoseTUAW
5:06
ericasadun: 
7.51 Billion revenue
Wednesday April 23, 2008 5:06 ericasadun
5:06
ericasadun: 
Demand for macs
Wednesday April 23, 2008 5:06 ericasadun
5:06
MikeRoseTUAW: 
$2.2 B higher year over year Q2 revenue
Wednesday April 23, 2008 5:06 MikeRoseTUAW
5:06
ericasadun: 
Higher revenue from iPod, iTunes, iPhone
Wednesday April 23, 2008 5:06 ericasadun
5:06
Nik: 
Higher gross margins and revenue

Wednesday April 23, 2008 5:06 Nik
5:06
MikeRoseTUAW: 
Net income 1.05B
36% higher
Wednesday April 23, 2008 5:06 MikeRoseTUAW
5:06
ericasadun: 
1.16 dollars/share earnings
Wednesday April 23, 2008 5:06 ericasadun
5:06
MikeRoseTUAW: 
"Exceptionally well" Apple performed
Wednesday April 23, 2008 5:06 MikeRoseTUAW
5:07
ericasadun: 
43% year over year growth rate march quarter
Wednesday April 23, 2008 5:07 ericasadun
5:07
ericasadun: 
40+% sales US and foreign
Wednesday April 23, 2008 5:07 ericasadun
5:07
MikeRoseTUAW: 
Healthy growth in all regions, 40% US, 47% intl,, 74% stores
Wednesday April 23, 2008 5:07 MikeRoseTUAW
5:07
ericasadun: 
Stores are BIG
Wednesday April 23, 2008 5:07 ericasadun
5:07
ericasadun: 
Retail stores 50% to switchers
Wednesday April 23, 2008 5:07 ericasadun
5:07
Nik: 
50% of CPUs sold in retail stores are to those new to mac
Wednesday April 23, 2008 5:07 Nik
5:07
MikeRoseTUAW: 
half of store customers new to the Mac is HUGE
Wednesday April 23, 2008 5:07 MikeRoseTUAW
5:07
[Comment From SavadaddySavadaddy: ] 
Will we hear about the iPhone's future? 3G?
Wednesday April 23, 2008 5:07 Savadaddy
5:07
MikeRoseTUAW: 
Sava-- probaby not.

Wednesday April 23, 2008 5:07 MikeRoseTUAW
5:07
[Comment From StiffArmStiffArm: ] 
sounds stunning, yoy growth that is
Wednesday April 23, 2008 5:07 StiffArm
5:08
Nik: 
2.29million Macs
Wednesday April 23, 2008 5:08 Nik
5:08
MikeRoseTUAW: 
almost a record for Mac shipments, 51% growth y/y
Wednesday April 23, 2008 5:08 MikeRoseTUAW
5:08
[Comment From mattmatt: ] 
Erm - TUAW crew - can we try to cut down on the threepeating all the juicy news?
Wednesday April 23, 2008 5:08 matt
5:08
MikeRoseTUAW: 
Yes. :-)
Wednesday April 23, 2008 5:08 MikeRoseTUAW
5:08
MikeRoseTUAW: 
Increased sales of Mac Pro
Wednesday April 23, 2008 5:08 MikeRoseTUAW
5:08
MikeRoseTUAW: 
Did he say 61% laptop growth?
Wednesday April 23, 2008 5:08 MikeRoseTUAW
5:08
Nik: 
Increased Mac Pro sales after the update (quelle surprise)
Wednesday April 23, 2008 5:08 Nik
5:08
[Comment From StiffArmStiffArm: ] 
Okay, now the stock is getting hammered, down below 156. Ouch
Wednesday April 23, 2008 5:08 StiffArm
5:09
MikeRoseTUAW: 
3-4 weeks Mac channel inventory
Wednesday April 23, 2008 5:09 MikeRoseTUAW
5:09
MikeRoseTUAW: 
MacBook Air numbers not broken out
Wednesday April 23, 2008 5:09 MikeRoseTUAW
5:09
Nik: 
10.6 million iPods last Qtr
Wednesday April 23, 2008 5:09 Nik
5:09
[Comment From ScottScott: ] 
Store growth, and switchers are the best for the future growth. And the iPhone revenue is under-appreciated because it is deferred over 2 years, allowing iPhone owners the new software without paying.
Wednesday April 23, 2008 5:09 Scott
5:09
MikeRoseTUAW: 
iPod sales flat at 1% growth but 10% revenue growth
Wednesday April 23, 2008 5:09 MikeRoseTUAW
5:09
Nik: 
iPod touch bolstered iPod sales
Wednesday April 23, 2008 5:09 Nik
5:10
MikeRoseTUAW: 
Feb 19 price reduction helped shuffle sales.
Wednesday April 23, 2008 5:10 MikeRoseTUAW
5:10
ericasadun: 
High MP3 Market share
Wednesday April 23, 2008 5:10 ericasadun
5:10
ericasadun: 
73% US share
Wednesday April 23, 2008 5:10 ericasadun
5:10
Nik: 
Still set on increasing their international MP3 marketshare
Wednesday April 23, 2008 5:10 Nik
5:10
ericasadun: 
That doesn't sound right.
Wednesday April 23, 2008 5:10 ericasadun
5:10
ericasadun: 
NPD?
Wednesday April 23, 2008 5:10 ericasadun
5:10
MikeRoseTUAW: 
The iPod is a 7 year old product and STILL has 73% share in the US.
Wednesday April 23, 2008 5:10 MikeRoseTUAW
5:10
ericasadun: 
iTunes store has over 50 million customers
Wednesday April 23, 2008 5:10 ericasadun
5:11
[Comment From StiffArmStiffArm: ] 
So the shuffle sales are down in a big way. That sounds like an opportunity.
Wednesday April 23, 2008 5:11 StiffArm
5:11
ericasadun: 
TV Shows in Germany, Video content planned internationally
Wednesday April 23, 2008 5:11 ericasadun
5:11
MikeRoseTUAW: 
Pulled ahead of Walmart as #1 music retailer.
Wednesday April 23, 2008 5:11 MikeRoseTUAW
5:11
ericasadun: 
Customer feedback continues to be outstanding: i.e. "We hate Apple"
Wednesday April 23, 2008 5:11 ericasadun
5:11
Nik: 
Video content expansion outside set to continue (happy Brit here!)
Wednesday April 23, 2008 5:11 Nik
5:11
MikeRoseTUAW: 
1.7M iPhones sold in the quarter.
Wednesday April 23, 2008 5:11 MikeRoseTUAW
5:11
ericasadun: 
Ireland and Austria new iTunes stores
Wednesday April 23, 2008 5:11 ericasadun
5:11
MikeRoseTUAW: 
Total iPhone revenue was $378M, deferred rev $1.93B from iPhone and ATV
Wednesday April 23, 2008 5:11 MikeRoseTUAW
5:11
ericasadun: 
Maybe they meant iPhone sales
Wednesday April 23, 2008 5:11 ericasadun
5:12
[Comment From RedRed: ] 
Woah, did anyone see Apple changed their front page?
Wednesday April 23, 2008 5:12 Red
5:12
ericasadun: 
200,000 beta developers signed up
Wednesday April 23, 2008 5:12 ericasadun
5:12
Nik: 
200,00 downlaods and registrations for the iSDK
Wednesday April 23, 2008 5:12 Nik
5:12
ericasadun: 
I was 20 of those
Wednesday April 23, 2008 5:12 ericasadun
5:12
ericasadun: 
Fortune 500 applied
Wednesday April 23, 2008 5:12 ericasadun
5:12
ericasadun: 
Many new people added each week
Wednesday April 23, 2008 5:12 ericasadun
5:12
MikeRoseTUAW: 
http://images.apple.com/home/2008/images/calling_all_developers20080422.jpg
Wednesday April 23, 2008 5:12 MikeRoseTUAW
5:12
ericasadun: 
How many Fortune 500 are still waiting for their acceptances?
Wednesday April 23, 2008 5:12 ericasadun
5:13
[Comment From StiffArmStiffArm: ] 
1.93 billion in deferred revenue: does that mean revenue that will come in later?
Wednesday April 23, 2008 5:13 StiffArm
5:13
ericasadun: 
Apple retail stores
Wednesday April 23, 2008 5:13 ericasadun
5:13
Nik: 
Another great qtr for Retail stores
Wednesday April 23, 2008 5:13 Nik
5:13
MikeRoseTUAW: 
That means revenue from subscriptions and carriers.
Wednesday April 23, 2008 5:13 MikeRoseTUAW
5:13
ericasadun: 
74% revenue year over year growth
Wednesday April 23, 2008 5:13 ericasadun
5:13
[Comment From BenjyBenjy: ] 
If Apple always goes conservative with their estimates, and then beats both their guidance and Wall St. estimates, then why does the stock always go down when they give conservative guidance?
Wednesday April 23, 2008 5:13 Benjy
5:13
Nik: 
458,000 macs +67% YoY in Apple Stores
Wednesday April 23, 2008 5:13 Nik
5:13
ericasadun: 
4 stores opened in quarter
208 stores
Wednesday April 23, 2008 5:13 ericasadun
5:13
MikeRoseTUAW: 
Good question Benji
Wednesday April 23, 2008 5:13 MikeRoseTUAW
5:13
ericasadun: 
Man, these guys talk FAST
Wednesday April 23, 2008 5:13 ericasadun
5:13
MikeRoseTUAW: 
2x operating profits from stores y/y
Wednesday April 23, 2008 5:13 MikeRoseTUAW
5:13
ericasadun: 
This is why I hate Financial reports
Wednesday April 23, 2008 5:13 ericasadun
5:13
ericasadun: 
Chatter chatter chatter
Wednesday April 23, 2008 5:13 ericasadun
5:14
[Comment From meme: ] 
Damn! How do I stop this thing from scrolling!
Wednesday April 23, 2008 5:14 me
5:14
Nik: 
Australia, China and Switzerland in the next months
Wednesday April 23, 2008 5:14 Nik
5:14
MikeRoseTUAW: 
There's a no-scroll button at the bottom.
Wednesday April 23, 2008 5:14 MikeRoseTUAW
5:14
ericasadun: 
15th UK store in March Quarter. Australia, China, Switz. next
Wednesday April 23, 2008 5:14 ericasadun
5:14
[Comment From dnuggettdnuggett: ] 
@ Benjy- Analysts talk the lows estmates to CNBC Bloomberg et all... masses then sell
Wednesday April 23, 2008 5:14 dnuggett
5:14
[Comment From JoeJoe: ] 
Where are you guys listening to this? Or watching it?
Wednesday April 23, 2008 5:14 Joe
5:14
MikeRoseTUAW: 
http://www.apple.com/quicktime/qtv/earningsq208/
Wednesday April 23, 2008 5:14 MikeRoseTUAW
5:14
ericasadun: 
More favorable commodity environment -- just wait until the housing sector hits
Wednesday April 23, 2008 5:14 ericasadun
5:14
ericasadun: 
http://www.apple.com/quicktime/qtv/earningsq208/
Wednesday April 23, 2008 5:14 ericasadun
5:15
MikeRoseTUAW: 
On to tax rates... lower taxes due to higher overseas earnings.
Wednesday April 23, 2008 5:15 MikeRoseTUAW
5:15
MikeRoseTUAW: 
$1B in cash
Wednesday April 23, 2008 5:15 MikeRoseTUAW
5:15
ericasadun: 
1 billion in cash
Wednesday April 23, 2008 5:15 ericasadun
5:15
Nik: 
$19.4billion in the bank
Wednesday April 23, 2008 5:15 Nik
5:15
ericasadun: 
19.4 billion total n bank
Wednesday April 23, 2008 5:15 ericasadun
5:15
[Comment From AllenAllen: ] 
By not recognizing (and thus not revealing) iPhone sales, that worries me that they are not good.
Wednesday April 23, 2008 5:15 Allen
5:15
ericasadun: 
Billions and billions and billions of dollars
Wednesday April 23, 2008 5:15 ericasadun
5:15
MikeRoseTUAW: 
Allen, they did reveal iPhone sales.
Wednesday April 23, 2008 5:15 MikeRoseTUAW
5:15
MikeRoseTUAW: 
1.7M iPhones sold in the quarter
Wednesday April 23, 2008 5:15 MikeRoseTUAW
5:15
ericasadun: 
33% forward looking for june quarter
Wednesday April 23, 2008 5:15 ericasadun
5:15
[Comment From 1truBob1truBob: ] 
It's not going down on the guidance, it's going down on profit-taking -- traders are "selling the wedding" and waiting to "buy the funeral".
Wednesday April 23, 2008 5:15 1truBob
5:15
ericasadun: 
year over year that is
Wednesday April 23, 2008 5:15 ericasadun
5:16
[Comment From SethSeth: ] 
Do they ever announce iPod touch numbers? Like how many units sold?
Wednesday April 23, 2008 5:16 Seth
5:16
[Comment From SethSeth: ] 
Do they ever announce iPod touch numbers? Like how many units sold?
Wednesday April 23, 2008 5:16 Seth
5:16
ericasadun: 
Seth: Usually lumped in with other iPodds
Wednesday April 23, 2008 5:16 ericasadun
5:16
MikeRoseTUAW: 
I don't think they did, Seth, but iPod profitability was up as the touch formed a larger part of the mix.
Wednesday April 23, 2008 5:16 MikeRoseTUAW
5:16
Nik: 
They don't break down the iPod sales. Other than to say that iPod Touch was very strong
Wednesday April 23, 2008 5:16 Nik
5:16
[Comment From jpvjpv: ] 
aftermarket down to 156.40
Wednesday April 23, 2008 5:16 jpv
5:16
MikeRoseTUAW: 
Predicting $1 per share next quarter
Wednesday April 23, 2008 5:16 MikeRoseTUAW
5:16
[Comment From SimonSimon: ] 
Deferred revenue recognition for iphones was always part of the plan
Wednesday April 23, 2008 5:16 Simon
5:16
[Comment From AlexAlex: ] 
What's the difference between cash in hand and money in the bank? It's not like it's under Steve's pillow...
Wednesday April 23, 2008 5:16 Alex
5:16
[Comment From Eric T.Eric T.: ] 
You know ipod touch numbers are good, because I am seeing them EVERYWHERE
Wednesday April 23, 2008 5:16 Eric T.
5:17
ericasadun: 
Notice how they don't say they will actually deliver the SDK -- jsut 2.0 software
Wednesday April 23, 2008 5:17 ericasadun
5:17
ericasadun: 
They're always so freaking vague
Wednesday April 23, 2008 5:17 ericasadun
5:17
MikeRoseTUAW: 
Questions coming up
Wednesday April 23, 2008 5:17 MikeRoseTUAW
5:17
ericasadun: 
Digital lady is talking
Wednesday April 23, 2008 5:17 ericasadun
5:17
ericasadun: 
Push the * button!
Wednesday April 23, 2008 5:17 ericasadun
5:17
MikeRoseTUAW: 
Lehman brothers -- ben
Wednesday April 23, 2008 5:17 MikeRoseTUAW
5:17
Nik: 
Ben Reizes is on
Wednesday April 23, 2008 5:17 Nik
5:17
MikeRoseTUAW: 
"Nice Revenue + performance"
Wednesday April 23, 2008 5:17 MikeRoseTUAW
5:17
ericasadun: 
Gross margin: 32.9 is really good -- but can more flow to the bottom line?
Wednesday April 23, 2008 5:17 ericasadun
5:18
ericasadun: 
And what makes you predict 33% next quarter
Wednesday April 23, 2008 5:18 ericasadun
5:18
What worries you about Apple going forward?
iPhone sales tank
 ( 7% )
Mac OS X security
 ( 12% )
General economic worries
 ( 46% )
Google
 ( 3% )
Commodity prices
 ( 5% )
California falls into the ocean
 ( 27% )

Wednesday April 23, 2008 5:18 
5:18
ericasadun: 
Commodity pricing ram, flash is historically low in March Quarter
Wednesday April 23, 2008 5:18 ericasadun
5:19
ericasadun: 
Supply demand balance -- man does this guy talk in a monotone -- follow historical pricing trend
Wednesday April 23, 2008 5:19 ericasadun
5:19
ericasadun: 
How did lower shuffle prices affect quarte?
Wednesday April 23, 2008 5:19 ericasadun
5:19
ericasadun: 
We exceeded our guide this quarter
Wednesday April 23, 2008 5:19 ericasadun
5:19
ericasadun: 
(i.e. Apple did better than expected)
Wednesday April 23, 2008 5:19 ericasadun
5:19
ericasadun: 
(Due to cheap chips and better dollar)
Wednesday April 23, 2008 5:19 ericasadun
5:20
ericasadun: 
iTunes has lower gross margins.
Wednesday April 23, 2008 5:20 ericasadun
5:20
ericasadun: 
Revenues go down after h olidays
Wednesday April 23, 2008 5:20 ericasadun
5:20
ericasadun: 
Component prices were cheap
Wednesday April 23, 2008 5:20 ericasadun
5:20
ericasadun: 
So bigger profits
Wednesday April 23, 2008 5:20 ericasadun
5:21
ericasadun: 
iPhone Less Availability (tM) -- what does this mean?
Wednesday April 23, 2008 5:21 ericasadun
5:21
ericasadun: 
"Can you grow that segment"?
Wednesday April 23, 2008 5:21 ericasadun
5:21
ericasadun: 
da da dum dum
Wednesday April 23, 2008 5:21 ericasadun
5:21
ericasadun: 
Um....we're confident about hitting 10 mil for year
Wednesday April 23, 2008 5:21 ericasadun
5:21
Nik: 
this is the bit where Apple avoids future product speculation
Wednesday April 23, 2008 5:21 Nik
5:21
ericasadun: 
shortages: expected iPhone to decline than it did
Wednesday April 23, 2008 5:21 ericasadun
5:22
ericasadun: 
It beat unit expectation. Channel inventories are low
Wednesday April 23, 2008 5:22 ericasadun
5:22
Nik: 
Inventory Low in US stores
Wednesday April 23, 2008 5:22 Nik
5:22
Nik: 
So when is an analyst going to ask about the effects of the differeing prices in the UK? O2 = £169. Apple £269
Wednesday April 23, 2008 5:22 Nik
5:22
ericasadun: 
If it doesn't involve monotones they won't ask

Wednesday April 23, 2008 5:22 ericasadun
5:23
ericasadun: 
See Apple. See Apple evade.
Wednesday April 23, 2008 5:23 ericasadun
5:23
ericasadun: 
Direct sales up 53%
Wednesday April 23, 2008 5:23 ericasadun
5:23
Nik: 
Question about the BestBuy initiative and the expansion of the scheme
Wednesday April 23, 2008 5:23 Nik
5:23
ericasadun: 
Best buy: over 400 stores
Wednesday April 23, 2008 5:23 ericasadun
5:23
ericasadun: 
by 600 by summer
Wednesday April 23, 2008 5:23 ericasadun
5:23
Nik: 
'Roll-out going extremely well'
Wednesday April 23, 2008 5:23 Nik
5:23
ericasadun: 
rollout " We're very very happy"

Wednesday April 23, 2008 5:23 ericasadun
5:24
ericasadun: 
Said in an unhappy monotone
Wednesday April 23, 2008 5:24 ericasadun
5:24
ericasadun: 
"This is a big K12 quarter".

Not as big as summer
Wednesday April 23, 2008 5:24 ericasadun
5:24
ericasadun: 
We surpassed Dell in portable higher edu market
Wednesday April 23, 2008 5:24 ericasadun
5:25
ericasadun: 
That's not a big surprise
Anyone looking in a big lecture room would see that
Wednesday April 23, 2008 5:25 ericasadun
5:25
Nik: 
Robotron lady introduces Mike from 'A bank the tron garbled'
Wednesday April 23, 2008 5:25 Nik
5:25
ericasadun: 
Has anyone asked a question since 5:16?
Wednesday April 23, 2008 5:25 ericasadun
5:25
ericasadun: 
I mean TUAW readers
Wednesday April 23, 2008 5:25 ericasadun
5:26
ericasadun: 
iPhone 2.0 Software features -- for free if purchased after march 6 announcement. Delayed revenue recognition
Wednesday April 23, 2008 5:26 ericasadun
5:26
ericasadun: 
Once software delivered, resume revenue recognition
Wednesday April 23, 2008 5:26 ericasadun
5:26
Nik: 
Erica: Comments are queued up on the CIL side
Wednesday April 23, 2008 5:26 Nik
5:26
ericasadun: 
I wonder if my refurb iPhone 8GB is covered
Wednesday April 23, 2008 5:26 ericasadun
5:26
ericasadun: 
3G
Wednesday April 23, 2008 5:26 ericasadun
5:27
ericasadun: 
Wait for the evasion
Wednesday April 23, 2008 5:27 ericasadun
5:27
ericasadun: 
Feel the evasion
Wednesday April 23, 2008 5:27 ericasadun
5:27
ericasadun: 
"We don't comment on new products"
Wednesday April 23, 2008 5:27 ericasadun
5:27
Nik: 
'We don't comment on unreleased products but we remain confident of hitting that 10million mark'
Wednesday April 23, 2008 5:27 Nik
5:27
ericasadun: 
"We're confident on hitting the 10 million"
Wednesday April 23, 2008 5:27 ericasadun
5:27
[Comment From SavadaddySavadaddy: ] 
wont comment... how typical
Wednesday April 23, 2008 5:27 Savadaddy
5:27
[Comment From evasionevasion: ] 
evasion here
Wednesday April 23, 2008 5:27 evasion
5:27
Nik: 
Confident of more launches in Europe and Asia later in the year
Wednesday April 23, 2008 5:27 Nik
5:27
[Comment From JasonVJasonV: ] 
Late to the game, are they saying they are charging for a the 2.0 firmware update?
Wednesday April 23, 2008 5:27 JasonV
5:27
ericasadun: 
JasonV: Apparently
Wednesday April 23, 2008 5:27 ericasadun
5:27
[Comment From ErosEros: ] 
typical apple answar
Wednesday April 23, 2008 5:27 Eros
5:27
MikeRoseTUAW: 
Ah, I'm back!

Wednesday April 23, 2008 5:27 MikeRoseTUAW
5:27
[Comment From KaeganKaegan: ] 
*hinthint,nudge nudge*
Wednesday April 23, 2008 5:27 Kaegan
5:27
[Comment From jimjim: ] 
realize "new products" not "potential products" or rumors....
Wednesday April 23, 2008 5:27 jim
5:27
Nik: 
Jason: The 2.0 firmware is free for the iPhone, no?
Wednesday April 23, 2008 5:27 Nik
5:28
ericasadun: 
Mike: You missed boring people droning on
Wednesday April 23, 2008 5:28 ericasadun
5:28
MikeRoseTUAW: 
"Economic commentary left to others."
Wednesday April 23, 2008 5:28 MikeRoseTUAW
5:28
[Comment From LeemoLeemo: ] 
But didn't Steve announce it was a 'free update' in the last keynote?
Wednesday April 23, 2008 5:28 Leemo
5:28
[Comment From NOBODYNOBODY: ] 
stock is down in safter hours
Wednesday April 23, 2008 5:28 NOBODY
5:28
[Comment From SavadaddySavadaddy: ] 
wont comment on profits... again typical
Wednesday April 23, 2008 5:28 Savadaddy
5:28
[Comment From Andrew AAndrew A: ] 
His Steveness has said so.
Wednesday April 23, 2008 5:28 Andrew A
5:28
[Comment From JoeJoe: ] 
Aha, so it will cos for the iPod touch. That sucks. I want my 12 quid back from jan. xD
Wednesday April 23, 2008 5:28 Joe
5:28
[Comment From MarcoMarco: ] 
Sounds like apple know exactly how many 'unlocked iPhones there are out there!
Wednesday April 23, 2008 5:28 Marco
5:29
Nik: 
foot traffic for stores up 12 million did he say?
Wednesday April 23, 2008 5:29 Nik
5:29
MikeRoseTUAW: 
12 M more people going through Apple stores -- only 208 of them...
Wednesday April 23, 2008 5:29 MikeRoseTUAW
5:29
ericasadun: 
Blah blah stores, foot traffic, confident, business, strategy, blah blah invest
Wednesday April 23, 2008 5:29 ericasadun
5:29
ericasadun: 
Delight customers
Wednesday April 23, 2008 5:29 ericasadun
5:29
ericasadun: 
Provided guidance
Wednesday April 23, 2008 5:29 ericasadun
5:29
ericasadun: 
Accelerated profits

 y
Wednesday April 23, 2008 5:29 ericasadun
5:29
ericasadun: 
2.0, gross margin: any correlation on iPhone?
Wednesday April 23, 2008 5:29 ericasadun
5:29
[Comment From AdamAdam: ] 
of course apple knows how many unlicked phones are out there, i am sure they can tell how many are on their preferrred partners network
Wednesday April 23, 2008 5:29 Adam
5:30
ericasadun: 
2.0 software in late june
Wednesday April 23, 2008 5:30 ericasadun
5:30
Nik: 
"Gimme a date on the iPhone 2.0 SW!"
 'Late June"
Wednesday April 23, 2008 5:30 Nik
5:30
ericasadun: 
Delay in revenue recognition
Wednesday April 23, 2008 5:30 ericasadun
5:30
MikeRoseTUAW: 
Asking about date for iPhone 2.0 is like asking when the tooth fairy is coming.
Wednesday April 23, 2008 5:30 MikeRoseTUAW
5:30
ericasadun: 
iPhone handset sales only between march 6 and when software i sdelivered, for payments from carriers
Wednesday April 23, 2008 5:30 ericasadun
5:30
ericasadun: 
We will not recognize revenue until we deliver the software
Wednesday April 23, 2008 5:30 ericasadun
5:30
ericasadun: 
Sounds like bookkeeping only for iPhones
Wednesday April 23, 2008 5:30 ericasadun
5:30
MikeRoseTUAW: 
Prudent, that
Wednesday April 23, 2008 5:30 MikeRoseTUAW
5:30
ericasadun: 
So it probably will be free
Wednesday April 23, 2008 5:30 ericasadun
5:31
MikeRoseTUAW: 
SOX and all.
Wednesday April 23, 2008 5:31 MikeRoseTUAW
5:31
[Comment From PeeKayPeeKay: ] 
Tooth fairy comes when you lose a tooth - silly! ;)
Wednesday April 23, 2008 5:31 PeeKay
5:31
[Comment From AdamAdam: ] 
mike, that is easy, when steve knocks out your teeth, and sells itooth
Wednesday April 23, 2008 5:31 Adam
5:31
ericasadun: 
Do any of these guys listen to the answer given to other guys?
Wednesday April 23, 2008 5:31 ericasadun
5:31
MikeRoseTUAW: 
iPod tooth
Wednesday April 23, 2008 5:31 MikeRoseTUAW
5:31
[Comment From Vague NomenclatureVague Nomenclature: ] 
again, can someone clear up whether I'll need to pay to update my 2nd-day iPhone in June?
Wednesday April 23, 2008 5:31 Vague Nomenclature
5:31
ericasadun: 
iPHone probably not. ipod touch probably yes
Wednesday April 23, 2008 5:31 ericasadun
5:31
[Comment From AdamAdam: ] 
mike, that is easy, when steve knocks out your teeth, and sells itooth
Wednesday April 23, 2008 5:31 Adam
5:31
[Comment From NOBODYNOBODY: ] 
how many days are in june?
Wednesday April 23, 2008 5:31 NOBODY
5:31
MikeRoseTUAW: 
iPhone revenue recognition goes 2 years from purchase date.
Wednesday April 23, 2008 5:31 MikeRoseTUAW
5:32
ericasadun: 
30 days hath June
Wednesday April 23, 2008 5:32 ericasadun
5:32
MikeRoseTUAW: 
so up until 2 years in, you should see free updates.
Wednesday April 23, 2008 5:32 MikeRoseTUAW
5:32
ericasadun: 
Accelerated growth rate. Mechanical woman
Wednesday April 23, 2008 5:32 ericasadun
5:32
Nik: 
Robotron introduces Morgan Stanley
Wednesday April 23, 2008 5:32 Nik
5:32
ericasadun: 
WOw, that mechanical chick isn't even close to real
Wednesday April 23, 2008 5:32 ericasadun
5:32
[Comment From AllenAllen: ] 
They ask a slightly different question hoping to get more information, but they give the same stock answer so it sounds like they aren't listening to others answers.
Wednesday April 23, 2008 5:32 Allen
5:33
ericasadun: 
You have one question to ask during the live Apple Financials. Quick. What will it be?
Wednesday April 23, 2008 5:33 ericasadun
5:33
ericasadun: 
Will it be about accelrating gross margins?
Wednesday April 23, 2008 5:33 ericasadun
5:33
[Comment From mattmatt: ] 
Can I borrow $5m
Wednesday April 23, 2008 5:33 matt
5:33
MikeRoseTUAW: 
"When we gave guidance in January, we expected 32% gross margin, we came out at 32.9."
Wednesday April 23, 2008 5:33 MikeRoseTUAW
5:33
[Comment From BrianBrian: ] 
Katie, AGAIN, didnt see that one coming
Wednesday April 23, 2008 5:33 Brian
5:33
[Comment From AllenAllen: ] 
Trying to follow along. Did someone say something about SDK costing for Touch owners?
Wednesday April 23, 2008 5:33 Allen
5:33
ericasadun: 
More store openings this year
Wednesday April 23, 2008 5:33 ericasadun
5:33
Nik: 
International Store openings will be greater this year than last
Wednesday April 23, 2008 5:33 Nik
5:33
ericasadun: 
27 outside us
Wednesday April 23, 2008 5:33 ericasadun
5:34
ericasadun: 
45 stores for this year
Wednesday April 23, 2008 5:34 ericasadun
5:34
ericasadun: 
citigroup
Wednesday April 23, 2008 5:34 ericasadun
5:34
Nik: 
TRON: Richard Gardner from Citigroup
Wednesday April 23, 2008 5:34 Nik
5:34
[Comment From AllenAllen: ] 
"How much will the stock drop now that you have posted the best March earnings in company history?" That would be my question
Wednesday April 23, 2008 5:34 Allen
5:34
[Comment From AllenAllen: ] 
What is the increased uptake of AppleTV Take2, and are rentals growing as expected
Wednesday April 23, 2008 5:34 Allen
5:34
ericasadun: 
If someone asks something with a human voice do they get a shock to train them not to?
Wednesday April 23, 2008 5:34 ericasadun
5:34
[Comment From mattmatt: ] 
Because it is accounted for at the time of purchase, they can't give you something free later - the iPhone is deferred income spread over 2 years (life of the service contract)
Wednesday April 23, 2008 5:34 matt
5:34
[Comment From CoreyCorey: ] 
Nobody has asking about selling into the enterprise
Wednesday April 23, 2008 5:34 Corey
5:35
[Comment From AllenAllen: ] 
The analysts are NOT happy about the gross margin results - the stock is going to get absolutely hammered.
Wednesday April 23, 2008 5:35 Allen
5:35
[Comment From lumilumi: ] 
>> Richard Gardner from Citigroup
Wednesday April 23, 2008 5:35 lumi
5:35
[Comment From dreaddread: ] 
"why dont you try a really terrible quarter and see how that does on the street" would be mine
Wednesday April 23, 2008 5:35 dread
5:35
[Image]Live Chart  View
Wednesday April 23, 2008 5:35 
5:35
ericasadun: 
Leopard revenues, $170 million in January. Just over $40million in march qtr
Wednesday April 23, 2008 5:35 ericasadun
5:36
ericasadun: 
$210Mil for leopard in first 6 months
Wednesday April 23, 2008 5:36 ericasadun
5:36
MikeRoseTUAW: 


Wednesday April 23, 2008 5:36 MikeRoseTUAW
5:36
ericasadun: 
iLife/iWork sold better than expectd
Wednesday April 23, 2008 5:36 ericasadun
5:36
[Comment From EyeteethEyeteeth: ] 
How will the purchase of PA Semiconductor affect earnings?
Wednesday April 23, 2008 5:36 Eyeteeth
5:36
Nik: 
iTunes was a bigger mix of the business last quarter
Wednesday April 23, 2008 5:36 Nik
5:36
MikeRoseTUAW: 
MacBook Air
Wednesday April 23, 2008 5:36 MikeRoseTUAW
5:36
[Comment From JoeJoe: ] 
Lol! Is that image real or shopped?
Wednesday April 23, 2008 5:36 Joe
5:37
[Comment From FraserFraser: ] 
I concur with iLfie iWork - i work in a dept store and we can't get apple branded software for love nor money nor brand clout
Wednesday April 23, 2008 5:37 Fraser
5:37
Nik: 
Amazing, Mike
Wednesday April 23, 2008 5:37 Nik
5:37
MikeRoseTUAW: 
That's an AP picture from Macworld...
Wednesday April 23, 2008 5:37 MikeRoseTUAW
5:37
[Comment From chinachina: ] 
he is just so happy!
Wednesday April 23, 2008 5:37 china
5:37
[Comment From Walker ArgendeliWalker Argendeli: ] 
@Joe:Probably shopped
Wednesday April 23, 2008 5:37 Walker Argendeli
5:37
[Comment From frogorfrogor: ] 
Shopped. You can see his reflection.
Wednesday April 23, 2008 5:37 frogor
5:37
MikeRoseTUAW: 
http://www.aolcdn.com/aolnews_photos/04/06/20080115190509990038
Wednesday April 23, 2008 5:37 MikeRoseTUAW
5:37
ericasadun: 
Memory pricing: gonna be favorable in June Q?
Wednesday April 23, 2008 5:37 ericasadun
5:37
ericasadun: 
Why?
Wednesday April 23, 2008 5:37 ericasadun
5:38
MikeRoseTUAW: 
http://money.aol.com/news/articles/_a/apple-crushes-wall-street-expectations/20080423104009990001
Wednesday April 23, 2008 5:38 MikeRoseTUAW
5:38
[Comment From IshiIshi: ] 
It's real, the Air can't use photoshop.
Wednesday April 23, 2008 5:38 Ishi
5:38
ericasadun: 
Favorable does not mean the price goes down from March
Wednesday April 23, 2008 5:38 ericasadun
5:38
MikeRoseTUAW: 
LOL
Wednesday April 23, 2008 5:38 MikeRoseTUAW
5:38
Nik: 
Favourable does not equal cheaper.
Wednesday April 23, 2008 5:38 Nik
5:38
ericasadun: 
blah blah evasion evasion blah blah
Wednesday April 23, 2008 5:38 ericasadun
5:38
Nik: 
It simply means that the price is less volatile
Wednesday April 23, 2008 5:38 Nik
5:38
MikeRoseTUAW: 
Andy Neff!!
Wednesday April 23, 2008 5:38 MikeRoseTUAW
5:38
ericasadun: 
Nice spelling on Favorable, Nik
Wednesday April 23, 2008 5:38 ericasadun
5:38
MikeRoseTUAW: 

Extended Hours

159.23 -3.66   -2.24%
as of 05:23 PM EDT on 04/23/2008
Wednesday April 23, 2008 5:38 MikeRoseTUAW
5:39
[Comment From EyeteethEyeteeth: ] 
Do they have a Senior Vice President of Evasion?
Wednesday April 23, 2008 5:39 Eyeteeth
5:39
[Comment From JPJP: ] 
Bear stearns asking about cash flow, someone lock the money up.
Wednesday April 23, 2008 5:39 JP
5:39
Nik: 
Why thanks. I endeavour to provide colourful commentary, E
Wednesday April 23, 2008 5:39 Nik
5:39
Nik: 
Eyeteeth: No. It's a job requirement for all Apple employees
Wednesday April 23, 2008 5:39 Nik
5:40
Nik: 
/Exceptional Performance Loop
Wednesday April 23, 2008 5:40 Nik
5:40
[Comment From SteveSteve: ] 
I'm a former apple employee - very true.
Wednesday April 23, 2008 5:40 Steve
5:40
[Comment From EyeteethEyeteeth: ] 
"Who, who took the AAPL from Extended Hours?"
Wednesday April 23, 2008 5:40 Eyeteeth
5:40
[Comment From Walker ArgendeliWalker Argendeli: ] 
Have they mentioned drops in stocks at all? I just came in on the 'cast.
Wednesday April 23, 2008 5:40 Walker Argendeli
5:40
Nik: 
Thanks Fraser :)
Wednesday April 23, 2008 5:40 Nik
5:40
MikeRoseTUAW: 
Walker, they generally don't talk about what's happening live on the street.
Wednesday April 23, 2008 5:40 MikeRoseTUAW
5:41
MikeRoseTUAW: 
http://www.apple.com/quicktime/qtv/earningsq208/
Wednesday April 23, 2008 5:41 MikeRoseTUAW
5:41
[Comment From madcranmadcran: ] 
why does their stock usually seem to drop after an earnings call even though they post record numbers? i never understood that
Wednesday April 23, 2008 5:41 madcran
5:41
MikeRoseTUAW: 
It's about the revenue/profit forecasting.
Wednesday April 23, 2008 5:41 MikeRoseTUAW
5:41
Nik: 
Oppenheimer: "do the maths"
Wednesday April 23, 2008 5:41 Nik
5:41
ericasadun: 
iPhones again.
Wednesday April 23, 2008 5:41 ericasadun
5:41
MikeRoseTUAW: 
Street expectations were higher (1.05-1.10 per share) than the $1 guidance.
Wednesday April 23, 2008 5:41 MikeRoseTUAW
5:42
MikeRoseTUAW: 
http://www.alleyinsider.com/2008/4/apple_q2_earnings_analysis_aapl
Wednesday April 23, 2008 5:42 MikeRoseTUAW
5:42
ericasadun: 
Accounting accounting accounting
Wednesday April 23, 2008 5:42 ericasadun
5:42
[Comment From maxmax: ] 
Who are the Apple people on the call?
Wednesday April 23, 2008 5:42 max
5:42
ericasadun: 
Highly liquid instruments
Wednesday April 23, 2008 5:42 ericasadun
5:42
MikeRoseTUAW: 
Tim Cook and Peter Oppenheimer
Wednesday April 23, 2008 5:42 MikeRoseTUAW
5:42
ericasadun: 
Our portfolios dropped
Wednesday April 23, 2008 5:42 ericasadun
5:42
ericasadun: 
Our portfolios failed to drop as much as they could have
Wednesday April 23, 2008 5:42 ericasadun
5:42
MikeRoseTUAW: 
http://phx.corporate-ir.net/phoenix.zhtml?c=107357&p=irol-faq#corpinfo11
Wednesday April 23, 2008 5:42 MikeRoseTUAW
5:42
MikeRoseTUAW: 
GENE!
Wednesday April 23, 2008 5:42 MikeRoseTUAW
5:42
Nik: 
Gene Munster. King of Apple Hype with Shawn Wu
Wednesday April 23, 2008 5:42 Nik
5:43
MikeRoseTUAW: 
Munster in the hizouze
Wednesday April 23, 2008 5:43 MikeRoseTUAW
5:43
[Comment From arnoarno: ] 
@medcran It's all about expectations. If the shareholders expected more and are disappointed they sell. ;-)
Wednesday April 23, 2008 5:43 arno
5:43
[Comment From Walker ArgendeliWalker Argendeli: ] 
Who are the Apple people, position-wise in the company. I'm not really familiar with the names?
Wednesday April 23, 2008 5:43 Walker Argendeli
5:43
MikeRoseTUAW: 
http://www.apple.com/investor/
Wednesday April 23, 2008 5:43 MikeRoseTUAW
5:43
MikeRoseTUAW: 
Tim Cook, COO
Wednesday April 23, 2008 5:43 MikeRoseTUAW
5:43
MikeRoseTUAW: 
Peter Oppenheimer, SVP/CFO
Wednesday April 23, 2008 5:43 MikeRoseTUAW
5:44
[Comment From EyeteethEyeteeth: ] 
"Highly liquid instruments?" Like, a bong?
Wednesday April 23, 2008 5:44 Eyeteeth
5:44
[Comment From dnuggettdnuggett: ] 
where is Guy Kawasaki?
Wednesday April 23, 2008 5:44 dnuggett
5:44
MikeRoseTUAW: 
Guy doesn't work for apple anymore... http://mac.alltop.com

Wednesday April 23, 2008 5:44 MikeRoseTUAW
5:44
[Comment From AdamAdam: ] 
steve jobs, CMO (chief mystique officer)
Wednesday April 23, 2008 5:44 Adam
5:44
[Comment From WayneWayne: ] 
By delaying revenue on Iphone they are going to boost their earnings in the next quarter.
Wednesday April 23, 2008 5:44 Wayne
5:45
MikeRoseTUAW: 
Shannon from Cross research
Wednesday April 23, 2008 5:45 MikeRoseTUAW
5:45
MikeRoseTUAW: 
Euro iPhone pricing.
Wednesday April 23, 2008 5:45 MikeRoseTUAW
5:45
Nik: 
Woot! Carrier pricing in the UK

Wednesday April 23, 2008 5:45 Nik
5:45
Nik: 
"free to price the iPhone as low as they wish"

Wednesday April 23, 2008 5:45 Nik
5:45
MikeRoseTUAW: 
How's $10 and a cup of coffee?
Wednesday April 23, 2008 5:45 MikeRoseTUAW
5:46
MikeRoseTUAW: 
She tried to get a 3G answer, no dice.
Wednesday April 23, 2008 5:46 MikeRoseTUAW
5:46
Nik: 
"Got to try sometimes"? *Sometimes*? This conference call would have been over 20 minutes ago if people had stopped trying...
Wednesday April 23, 2008 5:46 Nik
5:47
[Comment From EyeteethEyeteeth: ] 
In a moment they'll start chanting "3G! 3G! 3G!"
Wednesday April 23, 2008 5:47 Eyeteeth
5:47
[Comment From Art VandelayArt Vandelay: ] 
I think we need to face the facts. 3G iPhone WILL happen...it's just a matter of when.
Wednesday April 23, 2008 5:47 Art Vandelay
5:47
MikeRoseTUAW: 
MBA was constrained most of the quarter -- many shipped in March
Wednesday April 23, 2008 5:47 MikeRoseTUAW
5:47
MikeRoseTUAW: 
By end of march Air shipments began to catch up
Wednesday April 23, 2008 5:47 MikeRoseTUAW
5:47
ericasadun: 
We outstripped supply
Wednesday April 23, 2008 5:47 ericasadun
5:48
ericasadun: 
Expected decline--didn't happen
Wednesday April 23, 2008 5:48 ericasadun
5:48
MikeRoseTUAW: 
"We expected more of a decline in iPhone than there was"
Wednesday April 23, 2008 5:48 MikeRoseTUAW
5:48
Nik: 
/Evasion
Wednesday April 23, 2008 5:48 Nik
5:48
MikeRoseTUAW: 
Fascinating
Wednesday April 23, 2008 5:48 MikeRoseTUAW
5:48
ericasadun: 
MBA: gross margins above or below?
Wednesday April 23, 2008 5:48 ericasadun
5:48
ericasadun: 
"Customers love it"
Wednesday April 23, 2008 5:48 ericasadun
5:48
ericasadun: 
"So that means 'no comment'?"
Wednesday April 23, 2008 5:48 ericasadun
5:48
MikeRoseTUAW: 
MBA: tee hee
Wednesday April 23, 2008 5:48 MikeRoseTUAW
5:48
ericasadun: 
*laughter*
Wednesday April 23, 2008 5:48 ericasadun
5:48
[Comment From WayneWayne: ] 
After Hours: 161.70 -1.19 (-0.73%)... after hours has rebounded from being down nearly 5%. Looks like investors are happier with what they are hearing during the call.
Wednesday April 23, 2008 5:48 Wayne
5:48
Nik: 
Dear Tron: please catch up
Wednesday April 23, 2008 5:48 Nik
5:48
ericasadun: 
Could we HAVE the next question pls?
Wednesday April 23, 2008 5:48 ericasadun
5:48
ericasadun: 
SDK: Catchup period for iPHones?
Wednesday April 23, 2008 5:48 ericasadun
5:49
[Comment From eyecraxeyecrax: ] 
Best Buy needs to remove the sensor that sets off alarms when you lift the MBA more than 6 inches off the counter
Wednesday April 23, 2008 5:49 eyecrax
5:49
ericasadun: 
Do I understand your question, Keith?
Wednesday April 23, 2008 5:49 ericasadun
5:49
[Comment From lumilumi: ] 
Any mention of 10.5.3 ???
Wednesday April 23, 2008 5:49 lumi
5:49
MikeRoseTUAW: 
Not yet lumi
Wednesday April 23, 2008 5:49 MikeRoseTUAW
5:49
ericasadun: 
Once we ship 2.0 software. HE ASKED ABOUT THE SDK
Wednesday April 23, 2008 5:49 ericasadun
5:49
ericasadun: 
Did you catch that guys?
Wednesday April 23, 2008 5:49 ericasadun
5:49
[Comment From PrestonPreston: ] 
how exactly does one get to trade after hours?
Wednesday April 23, 2008 5:49 Preston
5:49
ericasadun: 
They are so avoiding SDK answers
Wednesday April 23, 2008 5:49 ericasadun
5:49
MikeRoseTUAW: 
We should have had you call in, E
Wednesday April 23, 2008 5:49 MikeRoseTUAW
5:50
ericasadun: 
Apple, when the heck will you DELIVER the SDK?
Wednesday April 23, 2008 5:50 ericasadun
5:50
[Comment From WillWill: ] 
Wait, 10.5.3 is coming tonight?
Wednesday April 23, 2008 5:50 Will
5:50
ericasadun: 
They've promised 2.0 for June
Wednesday April 23, 2008 5:50 ericasadun
5:50
MikeRoseTUAW: 
No, Will, don't think so.
Wednesday April 23, 2008 5:50 MikeRoseTUAW
5:50
ericasadun: 
I'm still waiting on a date for SDK
Wednesday April 23, 2008 5:50 ericasadun
5:50
[Comment From MichaelMichael: ] 
Why are they avoiding SDK questions?
Wednesday April 23, 2008 5:50 Michael
5:50
[Comment From EyeteethEyeteeth: ] 
Secret Developers Kit
Wednesday April 23, 2008 5:50 Eyeteeth
5:50
ericasadun: 
Sekrit Developer Kit
Wednesday April 23, 2008 5:50 ericasadun
5:50
[Comment From TJTJ: ] 
more like Someone Doesn't Know
Wednesday April 23, 2008 5:50 TJ
5:50
[Comment From Vague NomenclatureVague Nomenclature: ] 
Steve's Devloper's Kit
Wednesday April 23, 2008 5:50 Vague Nomenclature
5:50
[Comment From RyanRyan: ] 
Any mention of new iPhones in June?
Wednesday April 23, 2008 5:50 Ryan
5:50
[Comment From lilbyrdielilbyrdie: ] 
Sounds like the SDK may continue to be delayed. Lovely. And once it is out, when can apps actually be shipped... probably a more important question for businesses.
Wednesday April 23, 2008 5:50 lilbyrdie
5:50
[Comment From BuckyBucky: ] 
I thought the SDK was already available, or are you talking about the App Store?
Wednesday April 23, 2008 5:50 Bucky
5:51
Nik: 
Ryan: No chance
Wednesday April 23, 2008 5:51 Nik
5:51
ericasadun: 
Bucky: The SDK is pre-alpha, aka "Beta" software
Wednesday April 23, 2008 5:51 ericasadun
5:51
[Comment From AaronAaron: ] 
http://tinyurl.com/4hq575
Wednesday April 23, 2008 5:51 Aaron
5:51
ericasadun: 
Bucky: We are all waiting to know when the SDK will "ship"
Wednesday April 23, 2008 5:51 ericasadun
5:51
Nik: 
Shawn WU!
Wednesday April 23, 2008 5:51 Nik
5:51
MikeRoseTUAW: 
That from Aaron on after-hours trading
Wednesday April 23, 2008 5:51 MikeRoseTUAW
5:51
ericasadun: 
Aaron: Your link was broken. There was no Rick Astley
Wednesday April 23, 2008 5:51 ericasadun
5:52
MikeRoseTUAW: 

Wednesday April 23, 2008 5:52 MikeRoseTUAW
5:52
Nik: 
Oh cmon people. Rickrolls need to be better :P
Wednesday April 23, 2008 5:52 Nik
5:52
MikeRoseTUAW: 
No comment on the PA Semi acquisition
Wednesday April 23, 2008 5:52 MikeRoseTUAW
5:52
ericasadun: 
Never gonna let you down
Wednesday April 23, 2008 5:52 ericasadun
5:52
ericasadun: 
Never gonna give you up
Wednesday April 23, 2008 5:52 ericasadun
5:52
ericasadun: 
Never gonna give forward looking forecasts
Wednesday April 23, 2008 5:52 ericasadun
5:52
Nik: 
Never gonna break mah NDAz kthnxbai
Wednesday April 23, 2008 5:52 Nik
5:52
[Comment From EyeteethEyeteeth: ] 
Never gonna let you know about the SDK
Wednesday April 23, 2008 5:52 Eyeteeth
5:53
[Comment From WillWill: ] 
That's a general thing for ALL rick rolls in the world
Wednesday April 23, 2008 5:53 Will
5:53
[Comment From MichaelMichael: ] 
So wont the SDK be with the 2.0 software i thought that was what was included with the 2.0 release?
Wednesday April 23, 2008 5:53 Michael
5:53
[Comment From JoeJoe: ] 
Off topic with rickrolls, I have a nice Adium plug in, that when you type it sends a cleverly disguised rickroll...mwaha!
Wednesday April 23, 2008 5:53 Joe
5:53
[Comment From SteveSteve: ] 
Rickroll FTW!
Wednesday April 23, 2008 5:53 Steve
5:53
ericasadun: 
iPhones are being used in "many countries"
Wednesday April 23, 2008 5:53 ericasadun
5:53
ericasadun: 
You think?
Wednesday April 23, 2008 5:53 ericasadun
5:54
ericasadun: 
Hah. They finally admit that unlocking has led to higher sales
Wednesday April 23, 2008 5:54 ericasadun
5:54
ericasadun: 
Even if they do so in biz terms
Wednesday April 23, 2008 5:54 ericasadun
5:54
Nik: 
Yeah
10 million iPhones only possible through unlocking...?
Wednesday April 23, 2008 5:54 Nik
5:54
[Comment From ErosEros: ] 
Never gonna let you know about 3G
Wednesday April 23, 2008 5:54 Eros
5:54
[Comment From WayneWayne: ] 
How many more months till apple can offer the iPhone in the U.S. on a carrier besides AT&T?
Wednesday April 23, 2008 5:54 Wayne
5:54
[Comment From madcranmadcran: ] 
like all over China
Wednesday April 23, 2008 5:54 madcran
5:54
[Comment From WayneWayne: ] 
How many more months till apple can offer the iPhone in the U.S. on a carrier besides AT&T?
Wednesday April 23, 2008 5:54 Wayne
5:54
MikeRoseTUAW: 
I believe it was a 5-year exclusivity agreement with AT&T, no?

Wednesday April 23, 2008 5:54 MikeRoseTUAW
5:54
[Comment From JoeJoe: ] 
We should soo make a TUAW Rickroll song. :)
Wednesday April 23, 2008 5:54 Joe
5:54
Nik: 
Wayne:Another 4 years
Wednesday April 23, 2008 5:54 Nik
5:55
ericasadun: 
Multiple units, unlock, export! FTW
Wednesday April 23, 2008 5:55 ericasadun
5:55
Nik: 
@mikerose: Yep. 5 Year exclusivity
Wednesday April 23, 2008 5:55 Nik
5:55
ericasadun: 
Which is lowering inventory in channels
Wednesday April 23, 2008 5:55 ericasadun
5:55
ericasadun: 
Both European and US channels are low
Wednesday April 23, 2008 5:55 ericasadun
5:55
ericasadun: 
Stock outages
Wednesday April 23, 2008 5:55 ericasadun
5:56
ericasadun: 
Time to ask about carphone warehouse discounts -- but no o ne does
Wednesday April 23, 2008 5:56 ericasadun
5:56
MikeRoseTUAW: 
Once phones are allocated to a carrier they cannot be backhauled to other vendors
Wednesday April 23, 2008 5:56 MikeRoseTUAW
5:56
ericasadun: 
I bet Carphone Warehouse has a LOT of units
Wednesday April 23, 2008 5:56 ericasadun
5:56
[Comment From NewtonNewton: ] 
Yeah right now it is impossible to find a regular supply of phones in the US
Wednesday April 23, 2008 5:56 Newton
5:56
Nik: 
Erica: they already have asked
Carriers are free to price it as they wish (at least in Europe)
Wednesday April 23, 2008 5:56 Nik
5:56
[Comment From OllyOlly: ] 
But if we see a "New" iPhone?!
Wednesday April 23, 2008 5:56 Olly
5:56
[Comment From mattmatt: ] 
again - do refurb iphones count as 2x units?
Wednesday April 23, 2008 5:56 matt
5:57
[Comment From NewtonNewton: ] 
Yeah right now it is impossible to find a regular supply of phones in the US
Wednesday April 23, 2008 5:57 Newton
5:57
Nik: 
Nothing about the amount of inventory.
Wednesday April 23, 2008 5:57 Nik
5:57
[Comment From MichaelMichael: ] 
Iphones in the uk are selling out both at carphone warehouse and o2, this is correct
Wednesday April 23, 2008 5:57 Michael
5:57
[Comment From JohnJohn: ] 
i know that iphone stock in ireland is good....though O2 aren't cutting price at all
Wednesday April 23, 2008 5:57 John
5:57
[Comment From TJTJ: ] 
they count sales by IMEI so refurbs wouldn't count
Wednesday April 23, 2008 5:57 TJ
5:57
MikeRoseTUAW: 
"We don't want to put out a number that we can't stand behind [on unlocks]."
Wednesday April 23, 2008 5:57 MikeRoseTUAW
5:57
[Comment From ZackZack: ] 
And this dwindling inventory cause me ruckus the other day, when I needed a replacement for my damaged one.
Wednesday April 23, 2008 5:57 Zack
5:59
MikeRoseTUAW: 
It's Wilford Brimley!
Wednesday April 23, 2008 5:59 MikeRoseTUAW
5:59
Nik: 
TRON introduces 'Mr Barry White"
Wednesday April 23, 2008 5:59 Nik
5:59
MikeRoseTUAW: 
"MacBook Air is appealing to all sorts of people"
Wednesday April 23, 2008 5:59 MikeRoseTUAW
5:59
MikeRoseTUAW: 
Cannibalization factor to other portables is extremely low
Wednesday April 23, 2008 5:59 MikeRoseTUAW
5:59
MikeRoseTUAW: 
MacBook Air is bringing in new customers.
Wednesday April 23, 2008 5:59 MikeRoseTUAW
6:00
MikeRoseTUAW: 
They're closing it out!
Wednesday April 23, 2008 6:00 MikeRoseTUAW
6:00
Nik: 
And that's your lot!
Wednesday April 23, 2008 6:00 Nik
6:00
[Comment From IanSLTXIanSLTX: ] 
News Flash: After hours price (163.88) now above close (162.89)
Wednesday April 23, 2008 6:00 IanSLTX
6:00
ericasadun: 
Will TRON say bye?

Wednesday April 23, 2008 6:00 ericasadun
6:00
ericasadun: 
Yes!
Wednesday April 23, 2008 6:00 ericasadun
6:00
Nik: 
YAY! TRON SAYS BAI!
Wednesday April 23, 2008 6:00 Nik
6:00
[Comment From SethSeth: ] 
Hmm, do a dip, and back up. Seems likes Apples way of doing it with their stock.
Wednesday April 23, 2008 6:00 Seth
6:00
MikeRoseTUAW: 
OK everyone, that's a wrap

Wednesday April 23, 2008 6:00 MikeRoseTUAW
6:00
ericasadun: 
Tron says: "k. thx. bai"
Wednesday April 23, 2008 6:00 ericasadun
6:01
MikeRoseTUAW: 
Thanks for joining us!
Wednesday April 23, 2008 6:01 MikeRoseTUAW
6:01
MikeRoseTUAW: 
And special thanks to Erica and Nik
Wednesday April 23, 2008 6:01 MikeRoseTUAW
6:01
[Comment From EyeteethEyeteeth: ] 
Were no strangers to unlocks / You know the rules and so do i / A full commitments what I'm thinking of / You wouldnt get this from any other mfg. Never gonna let you upgrade...
Wednesday April 23, 2008 6:01 Eyeteeth
6:01
[Comment From JoeJoe: ] 
Yai* I can go to sleep a happy boy now she said kthxbai to us!
Wednesday April 23, 2008 6:01 Joe
6:01
[Comment From madcranmadcran: ] 
Thanks for the chatting and cya!
Wednesday April 23, 2008 6:01 madcran
6:01
Nik: 
Thanks for joining us, everyone!
Wednesday April 23, 2008 6:01 Nik
6:01
ericasadun: 
/me bows to Eyeteeth
Wednesday April 23, 2008 6:01 ericasadun
6:01
MikeRoseTUAW: 
We'll see you all soon.
Wednesday April 23, 2008 6:01 MikeRoseTUAW
6:01
[Comment From NewtonNewton: ] 
cool feature TUAW keep it up
Wednesday April 23, 2008 6:01 Newton
6:01
[Comment From MrJonesMrJones: ] 
Thanks for the news Nik, erica and Mike
Wednesday April 23, 2008 6:01 MrJones
6:01
[Comment From EyeteethEyeteeth: ] 
Hooray and thanks!
Wednesday April 23, 2008 6:01 Eyeteeth
6:02
[Comment From smittysmitty: ] 
peace
Wednesday April 23, 2008 6:02 smitty
6:02
[Comment From JaakkoJaakko: ] 
greetings from finland, have a niec
Wednesday April 23, 2008 6:02 Jaakko
6:02
[Comment From JoeJoe: ] 
G'BIY U GUYZ.
Wednesday April 23, 2008 6:02 Joe
6:02
[Comment From NOBODYNOBODY: ] 
TUAW ROCKS!
Wednesday April 23, 2008 6:02 NOBODY
6:02
Thank you for reading today.              

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6:02
[Comment From MichaelMichael: ] 
Thanks a lot erica
Wednesday April 23, 2008 6:02 Michael
6:02
[Comment From IanSLTXIanSLTX: ] 
Thanks :)
Wednesday April 23, 2008 6:02 IanSLTX
6:02
[Comment From JaakkoJaakko: ] 
thanks, greetings from finland have a nice day
Wednesday April 23, 2008 6:02 Jaakko
 
 
 
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