Apple CEO Cook: "Relentless commitment to innovation is the reason why customers choose to buy our products."

Apple CEO Cook: "The demand for iPhone is extremely robust. We're thrilled with what we see. We are in a significant state of backlog right now. In terms of the production, our output has improved significantly since earlier this month."

Apple CEO Cook on iPhone 5: "We still continue to anticipate rolling out to the 100 countries...it is our fastest rollout ever. There will be some large countries in the month of December."

Apple CEO Cook: "We continue to be very confident that the tablet market will surpass the PC market...it is already extremely compelling for many, many customers to choose a tablet, in particular an iPad over a PC."

Apple CEO Cook: iPad and iPhone sales up in China.

Apple CEO Cook: $28.3 billion to wrap out the year for Apple as it pertains to sales in China. "We're extremely happy with how we've done in China...we are continuing to invest in our own retail stores there, we continue to expand distribution with channel partners as well, and we continue to see it as extremely exciting market with more and more people wanting Apple products."

(Related: Fortune article on Apple's penetration in China)

Apple CEO Cook: "I think a great number of those people would be better off buying an iPad or a Mac" referring to the people who purchase PCs annually.

Apple CEO Cook: 1.3 million Apple TV units sold in Q4, 5 million sold in fiscal year, almost double over the year before. "It still has the hobby label; however it's a beloved hobby."

Apple CEO Cook: "We continue to feel great about how iPad has done and with announcing the fourth generation iPad...and adding iPad mini to this family, we think it's going to be an incredible holiday season."

Apple CEO Cook: "We planned the first 30-40 countries prior to introducing the product (iPhone 5)...the balance of the quarter, we planned with an eye toward the supply and what we think the demand will be, but we do plan these in advance. It is not a precise science. We obviously have to plan those with several weeks of notice. So occasionally, it can be different than what we think."

Apple CFO Oppenheimer on iPad mini when asked about price compared to competition: "We didn't set out to build a small cheap tablet, we set out to build a smaller iPad that offers the full iPad experience...as a result, the difference between the iPad mini and the competition is profound."

Apple CEO Cook: "Over 90 percent of the web traffic from tablet are from iPads. Apple will not make a product that somebody may feel good about for the moment...and then when they get it home they rarely ever use it again. It's not what we're about, that's not the kind of experience we want our customers to have."

Apple CEO Cook: "In terms of iPad and iPhone, I don't see a component shortage gating us for the quarter in the numbers that we've given you and the guidance. I think we've solved some challenges there and feel good about our position.

In terms of general shortages, on the iMac, we'll be constrained for the full quarter in a significant way. Part of that is that we're beginning shipping the 21.5" iMac in November and the 27" in December. There will be a short amount of time in the quarter to manufacture and ramp those, and I expect the demand to be robust."

Apple CEO Cook: "iPad continues to beat every other tablet on the market at any price...we think they (customers) want a device that can do more, and we're confident that our focus on making the best product is what will win at the end of the day. We will stay true to that."

Apple CEO Cook: "We continue to be a customer of Samsung, and continue to have a commercial relationship."