Apple, Inc. (AAPL) Q3 2023 Earnings Call Transcript

Apple, Inc. (NASDAQ:AAPL) Q3 2023 Earnings Conference Call August 3, 2023 5:00 PM ET

Company Participants

Saori Casey – VP, Finance

Timothy Cook – CEO & Director

Luca Maestri – CFO & SVP

Conference Call Participants

Shannon Cross – Crédit Suisse

Wamsi Mohan – Bank of America Merrill Lynch

David Vogt – UBS

Sidney Ho – Deutsche Bank

Krish Sankar – TD Cowen

Amit Daryanani – Evercore ISI

Aaron Rakers – Wells Fargo Securities

Michael Ng – Goldman Sachs Group

Erik Woodring – Morgan Stanley

Harsh Kumar – Piper Sandler & Co.


Good day, and welcome to the Apple Q3 Fiscal Year 2023 Earnings Conference Call. Today’s call is being recorded. At this time, for opening remarks and introductions, I would like to turn the call over to Saori Casey, Vice President of Finance. Please go ahead.

Saori Casey

Thank you. Good afternoon, and thank you for joining us. Speaking first today is Apple’s CEO, Tim Cook; and he’ll be followed by CFO, Luca Maestri. After that, we’ll open the call to questions from analysts.

Please note that some of the information you’ll hear during our discussion today will consist of forward-looking statements, including, without limitation, those regarding revenue, gross margin, operating expenses, other income and expense, taxes, capital allocation and future business outlook, including the potential impact of macroeconomic conditions on the company’s business and the results of operations.

These statements involve risks and uncertainties that may cause actual results or trends to differ materially from our forecast. For more information, please refer to the risk factors discussed in Apple’s most recently filed annual report on Form 10-K and the Form 8-K filed with the SEC today, along with the associated press release. Apple assumes no obligation to update any forward-looking statements, which speak only as of the date they are made.

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