Here’s a complete transcript of Apple’s conference call following its announcement of its record first-quarter 2022 results. You can also watch our recap of Apple’s results.

Tim Cook: Thank you Tejas and good afternoon. Today, we are proud to announce Apple’s biggest quarter ever. Through the busy holiday season, we set an all time revenue record of nearly $124 billion, up 11% from last year, and better than we had expected at the beginning of the quarter. And we are pleased to see that our active install base of devices is now at a new record, with more than 1.8 billion devices. We set all time records for both developed and emerging markets and saw revenue growth across all of our product categories, except for iPad, which we said would be supply constrained. As expected, in the aggregate, we experienced supply constraints that were higher than the September quarter.

Before I discuss our results in greater detail. I want to first acknowledge the toll that COVID continues to have on communities around the world. In many places, case counts are higher and health systems more strained than at any point throughout the pandemic. On behalf of all of us at apple, I want to extend our deep gratitude to the scientists, doctors, nurses, and so many others on the front lines of combating COVID 19.…