Apple profits jump 54% on record sales of 4.9M Macs, 11.2M iPads
Apple said Tuesday that fourth quarter profits rose nearly 54% to $6.62 billion, or $7.05 per diluted share, driven by record sales of more than 11 million iPads and nearly 5 million Macs.
The company posted quarterly revenue of $28.27 billion and quarterly net profit of $6.62 billion, or $7.05 per diluted share for the three-month period ending September 24, 2011. The results compare to revenue of $20.34 billion and net quarterly profit of $4.31 billion, or $4.64 per diluted share, in the year-ago quarter.
?We are thrilled with the very strong finish of an outstanding fiscal 2011, growing annual revenue to $108 billion and growing earnings to $26 billion,? said Tim Cook, Apple?s CEO. ?Customer response to iPhone 4S has been fantastic, we have strong momentum going into the holiday season, and we remain really enthusiastic about our product pipeline.?
Apple sold 17.07 million iPhones during the quarter as it drew down inventories ahead of this month's iPhone 4S launch, still representing 21 percent unit growth over the year-ago quarter. The Cupertino-based firm also reported new quarterly records for iPad sales at 11.2 million units and Macs at 4.89 million units, an increase of, a 166 percent and 26 percent, respectively.
Apple also sold a record low 6.62 million iPods, a 27 percent unit decline from the year-ago quarter. Gross margin was 40.3 percent compared to 36.9 percent in the year-ago quarter and International sales accounted for 63 percent of the quarter?s revenue.
?We are extremely pleased with our record September quarter revenue and earnings and with cash generation of $5.4 billion during the quarter,? said Peter Oppenheimer, Apple?s CFO. ?Looking ahead to the first fiscal quarter of 2012, which will span 14 weeks rather than 13, we expect revenue of about $37 billion and we expect diluted earnings per share of about $9.30.?
Apple will provide live streaming of its Q4 2011 financial results conference call beginning at 2:00 p.m. PDT. AppleInsider will provide full coverage.
The company posted quarterly revenue of $28.27 billion and quarterly net profit of $6.62 billion, or $7.05 per diluted share for the three-month period ending September 24, 2011. The results compare to revenue of $20.34 billion and net quarterly profit of $4.31 billion, or $4.64 per diluted share, in the year-ago quarter.
?We are thrilled with the very strong finish of an outstanding fiscal 2011, growing annual revenue to $108 billion and growing earnings to $26 billion,? said Tim Cook, Apple?s CEO. ?Customer response to iPhone 4S has been fantastic, we have strong momentum going into the holiday season, and we remain really enthusiastic about our product pipeline.?
Apple sold 17.07 million iPhones during the quarter as it drew down inventories ahead of this month's iPhone 4S launch, still representing 21 percent unit growth over the year-ago quarter. The Cupertino-based firm also reported new quarterly records for iPad sales at 11.2 million units and Macs at 4.89 million units, an increase of, a 166 percent and 26 percent, respectively.
Apple also sold a record low 6.62 million iPods, a 27 percent unit decline from the year-ago quarter. Gross margin was 40.3 percent compared to 36.9 percent in the year-ago quarter and International sales accounted for 63 percent of the quarter?s revenue.
?We are extremely pleased with our record September quarter revenue and earnings and with cash generation of $5.4 billion during the quarter,? said Peter Oppenheimer, Apple?s CFO. ?Looking ahead to the first fiscal quarter of 2012, which will span 14 weeks rather than 13, we expect revenue of about $37 billion and we expect diluted earnings per share of about $9.30.?
Apple will provide live streaming of its Q4 2011 financial results conference call beginning at 2:00 p.m. PDT. AppleInsider will provide full coverage.
Comments
love how the headline ignores the big miss (first in 4 years) in expected EPS and iPhone sales.
No clue what EPS means, but iPhone sales makes a lot of sense.
Four years of 12 month cycles got people on that kick. Makes sense that the quarter (being three months) after the end of that anticipated cycle saw far fewer iPhone sales as people were waiting for the new one.
It is going to get a lot uglier without Steve and more competitive iPhone nowhere near for around a year.
Maybe you missed the news. Apple just released a new iPhone two weeks ago. It's selling extremely well.
Anyway, you'd be an idiot to sell right now.
I don't know whether to laugh or holler. Apple just can't get it's PE number up. I remember when it was in the 50s.
I was pretty surprised reading how optimistic analyst expectations were. Apple had an amazing quarter, it's not their fault about analyst bullshit. They've been investing in so much stuff lately (Data center, aggressive store expansion, iCloud infrastructure, ramping up 4S production, Siri, etc, without any major product launched. Obviously profit will be lower. Even with all that, they managed $8 Billion more revenue than last year. Again, it all depends on perspective, and from almost any angle those numbers are fantastic. Except if you're a clueless analyst. I guess they got so used to Apple smashing their own records every single quarter. Imagine any other company posting these numbers.
Anyway, you'd be an idiot to sell right now.
You can't sugarcoat this no matter how much you try. It stinks.
Ouch. The crappy global economy has finally reached Apple.
Record Mac sales.
Also, a lot of people have been holding off until the 4S as proven by its launch sales being 200% that of iPhone 4. The fact they still sold 17m is amazing! Expect this quarter to be another recording breaking one with 25m+ iPhones sold.
The higher than expected decline in iPod sales is disappointing. I'd say this is down to the iPod Nano being a bit lacklustre compared to the previous two generations. It's too small for touch!
You can't sugarcoat this no matter how much you try. It stinks.
Sure is a big money making stink.
Record Mac sales.
EPS was lower than the street consensus, and that's the only thing that matters. The first big miss in many years.
Wow, Apple's numbers are quite disappointing. Here's what the analysts were expecting. Apple's numbers are on the low-end of the expectations.
Analysts are idiots.
And where we're these charts when Apple usually blows out the street estimates.
Ouch. The crappy global economy has finally reached Apple.
Yep. All those RECORD SALES are sure an indicator of that.
Great news. Too bad they have become like every other greedy American corporation. Builds their products oversees to save a few dollars and for the regular troops here in the states they give them a 4% raise after a year - still not a livable wage. Let's see some real progress how about start building products back in the US and start paying a living wage.
Would you kindly go screw yourself?