Apple fourth quarter earnings conference call (live blog)

Join CNET for live coverage of Apple's fourth fiscal quarter conference call.

  • Hey everyone. Got another 5 minutes or so until the call starts. In the meantime, you can get the rundown on the results with the links above
    .
    by Josh Lowensohn
  • Hey, it's Roger Cheng, executive editor at CNET News. I'll be riding shotgun with Josh on this live blog.
    by Roger Cheng
  • Annnnd here we go.
    by Josh Lowensohn
  • Just kidding, there's more classical music to listen to on the line.
    by Josh Lowensohn
  • Okay, the operator is starting things up. Here we go.
    by Roger Cheng
  • Okay, for real this time. Getting an intro from Apple's Nancy Paxton who's introducing

    Peter Oppenheimer - Apple’s chief financial officer
    Tim Cook - Apple’s chief executive officer
    Gary Wipfler - Apple's treasurer
    by Josh Lowensohn
  • Oppenheimer says hello, going over the results. New records for iPad and Mac sales for the quarter. Including $36b revenue tally.
    by Josh Lowensohn
  • Margin was $10.9b and EPS of $8.67.
    by Josh Lowensohn
  • First up Mac: 4.9M macs -- a new record.
    by Josh Lowensohn
  • 1 percent YoY growth, Oppenheimer says, bringing up general slide in PC sales. Portables were up 9 percent, and made up 80 percent of the sales based on Air and Pro.
    by Josh Lowensohn
  • Oppenheimer brings up new iMac design, as well as the 13-inch Retina MacBook Pro.
    by Josh Lowensohn
  • 3-4 weeks of Mac channel inventory, which Oppenheimer says is below 4-5 week range.
    by Josh Lowensohn
  • iPod Touch continues to account for more than half of iPods sold, Oppenheimer says.
    by Roger Cheng
  • The iPod continues to be the most popular Mp3 players in the world, he says.
    by Roger Cheng
  • The iPod Touch is the slimmest iPod Touch yet. Oppenheimer goes through the details.
    by Roger Cheng
  • Full range of iPods will make wonderful gifts this holiday season, he says.
    by Roger Cheng
  • We look forward to launching the new iTunes, with new player, iCloud integration, user interface, Oppenheimer says.
    by Roger Cheng
  • Now onto iPhone: 26.9M iPhones.
    by Josh Lowensohn
  • Up 58 year over year in terms of growth for the quarter. iPhone 5 launched Sept 21, "demand has been phenomenal" Oppenheimer says.
    by Josh Lowensohn
  • Demand has outstripped supply he says. Company has 9.1M iPhones in inventory.

    iPhone rev was $17.1B compared to $11B the same quarter a year ago.
    by Josh Lowensohn
  • iPhone in business: Oppenheimer going over a handful of companies using iPhones in business including Amtrak for ticketing by phone.
    by Josh Lowensohn
  • Oppenheimer says the iPhone "revolutionizes" the process they were using before. Oppenheimer moves onto news, including BBC and WSJ that use the iPhone for broadcast on TV and Web streaming.
    by Josh Lowensohn
  • Pleased with 14M iPads sold in the quarter, an increase of 26% from a year ago.
    by Roger Cheng
  • iPad sales were ahead of our expectations, he says.
    by Roger Cheng
  • Oppenheimer talks about newly unveiled iPad Mini, fourth-generation iPad.
    by Roger Cheng
  • Together with iPad 2, these two iPads run 275,000 apps.
    by Roger Cheng
  • $7.5 billion in recognized revenue from iPad, an increase in 9 percent.
    by Roger Cheng
  • The iPad is fundamentally changing work practices around the world, Oppenheimer says.
    by Roger Cheng
  • Volkswagon has developed more than 30 in-house apps for iPad use at work, Oppenheimer says.
    by Roger Cheng
  • Oppenheimer continues to list off examples of companies using the iPad to "redefine" how they operate.
    by Roger Cheng
  • We sold over 44 million iOS devices in the September quarter, he says.
    by Roger Cheng
  • Cloud numbers now.
    by Josh Lowensohn
  • We established an all-time record for quarterly app sales. Reached $6.5 billion in cumulative payments to developers.
    by Roger Cheng
  • iOS 6 is already on 200 million devices, Oppenheimer says.
    by Roger Cheng
  • iOS 6 launched last month, and now on more than 200M devices (this number came up during Apple's event earlier this week).

    Oppenheimer brings up Maps, saying the company will work hard.
    by Josh Lowensohn
  • to improve, that is.
    by Josh Lowensohn
  • We will work non-stop until maps meets our incredibly high standards, Oppenheimer says.
    by Roger Cheng
  • Apple opened 18 news stores in the quarter, including a new one in Sweden and a second one in Hong Kong.
    by Roger Cheng
  • Apple ended the quarter with 390 stores, Oppenheimer says.
    by Roger Cheng
  • Onto Retail: 18 percent increase in revenue. 18 new stores in 10 countries during the quarter, including on in Sweden, and another in Hong Kong which was the largest opening.

    390 stores, 140 of which are outside of the U.S.
    by Josh Lowensohn
  • Apple stores generated $848 million in segment revenue in the period.
    by Roger Cheng
  • The tax rate for the period was 24.5%, with full year rate at 25.2%, he says.
    by Roger Cheng
  • 19,000 visitors per week at retail. Oppenheimer moves onto tax rates and compensations now.

    Cash: $121.3 billion at the end of the quarter.
    by Josh Lowensohn
  • I want the new itunes.
    by mranderson43
  • Apple started an accelerated share buyback program with a private investor, and said it may publicly buy back shares.
    by Roger Cheng
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