Apple, Inc. (AAPL) Q1 2023 Earnings Call Transcript

Apple, Inc. (NASDAQ:AAPL) Q1 2023 Earnings Conference Call February 2, 2023 5:00 PM ET

Company Participants

Tejas Gala – IR Contact

Timothy Cook – CEO & Director

Luca Maestri – CFO & SVP

Conference Call Participants

David Vogt – UBS

Shannon Cross – Crédit Suisse

Erik Woodring – Morgan Stanley

Aaron Rakers – Wells Fargo Securities

Krish Sankar – Cowen and Company

Wamsi Mohan – Bank of America Merrill Lynch

Amit Daryanani – Evercore ISI

Harsh Kumar – Piper Sandler & Co.

James Suva – Citigroup


Good day, everyone, and welcome to the Apple Q1 Fiscal Year 2023 Earnings Conference Call. Today’s call is being recorded.

And now at this time, for opening remarks and introductions, I would like to turn the call over to Tejas Gala, Director of Investor Relations and Corporate Finance. Please go ahead.

Tejas Gala

Thank you. 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.

Before turning the call over to Tim, I would like to remind everyone that the December quarter spanned 14 weeks, while the March quarter, as usual, has 13 weeks. 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 COVID-19 on the company’s business and 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