Editor's Note: This is the transcript of Jim's live blog on Apple's Conference Call.
5:59 PM/ET: Hey! Call is wrapping up.
Sorry for some of the missed facts and statements.
Not my best, but I was distracted with "Fast Money." I'll keep that in mind when I'm assigned this way the next time.
Bottom line,Apple is blowing past every naysayer out there. Hasn't missed a beat. And the after-market rally tonight proves it.
Have a good evening.
5:57 PM/ET: Division between new activations and upgrades on iPhone sales? No comment, says Cook.
Also, on App Store, what about pricing? An increase of 99-cent offerings.
Cook says Apple is always looking at ways to categorize so consumers don't waste time with garbage. Cook says developer sets prices, and what they're doing is what any good business person would do based on elasticity. As installed base grows, makes sense to lower prices.
5:55 PM/ET: Supply constraints impact roll-out in other countries? And when will supply imbalance correct?
Cook says he doesn't want to predict when the supply imbalance will correct. I know, says Cook, that it will not balance in the short term.
Vast majority of countries that have the 3G already will be getting the 3GS by end of fiscal quarter. Also, no update on China. Continues to be a priority and Apple hopes to be there in a year.