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CUPERTINO, Calif.--(BUSINESS WIRE)--Apple® today announced financial results for its fiscal 2011 fourth quarter ended September 24, 2011. The Company posted quarterly revenue of $28.27 billion and quarterly net profit of $6.62 billion, or $7.05 per diluted share. These 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. Gross margin was 40.3 percent compared to 36.9 percent in the year-ago quarter. International sales accounted for 63 percent of the quarter’s revenue.

“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.”

The Company sold 17.07 million iPhones in the quarter, representing 21 percent unit growth over the year-ago quarter. Apple sold 11.12 million iPads during the quarter, a 166 percent unit increase over the year-ago quarter. The Company sold 4.89 million Macs during the quarter, a 26 percent unit increase over the year-ago quarter. Apple sold 6.62 million iPods, a 27 percent unit decline from 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.”

“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.”

http://www.businesswire.com/news/home/20111018007113/en/Apple-Reports-Fourth-Quarter-Results

Record quarter YoY, but not good enough for some analysts.

iPad sales 166 percent up, iPod sales 27 percent down. Quite telling.

 

[ElectricBlanketFire]

I love Myst.

 

[Cereal KiIIer]

Give them 5 more years and they will bail out the US.

 

[specialguy]

They missed expectations and iPhone sales are way down, stock getting hammered after hours (down 6%) too.

Most of the difference stemmed from disappointing sales of iPhones in the quarter. Analysts had expected Apple to sell about 22 million units of its popular smartphone, but it instead sold barely more than 17 million.

It's hard to imagine selling less of any kind of smartphone with emerging markets growing so quickly.

I think Apple is in some fairly serious trouble in the near future. Kindle Fire alone I think is going to seriously damage iPad, and the 4S was just such a weak effort, emblematic imo of a slow, moribound R&D dept recently. Then there's losing Jobs, and the fact I dont think Tim Cook is going to be a good CEO at all.

 

[giga]

Some charts from Dan Frommer.

I think Apple is in some fairly serious trouble in the near future. Kindle Fire alone I think is going to seriously damage iPad, and the 4S was just such a weak effort, emblematic imo of a slow, moribound R&D dept recently. Then there's losing Jobs, and the fact I dont think Tim Cook is going to be a good CEO at all.

lol

 

[krypt0nian]

They missed expectations and iPhone sales are way down, stock getting hammered after hours (down 6%) too.



It's hard to imagine selling less of any kind of smartphone with emerging markets growing so quickly.

I think Apple is in some fairly serious trouble in the near future. Kindle Fire alone I think is going to seriously damage iPad, and the 4S was just such a weak effort, emblematic imo of a slow, moribound R&D dept recently. Then there's losing Jobs, and the fact I dont think Tim Cook is going to be a good CEO at all.

Hee haw

 

[3N16MA]

They missed expectations and iPhone sales are way down, stock getting hammered after hours (down 6%) too.



It's hard to imagine selling less of any kind of smartphone with emerging markets growing so quickly.

I think Apple is in some fairly serious trouble in the near future. Kindle Fire alone I think is going to seriously damage iPad, and the 4S was just such a weak effort, emblematic imo of a slow, moribound R&D dept recently. Then there's losing Jobs, and the fact I dont think Tim Cook is going to be a good CEO at all.

Apple made the move from a June iPhone launch in the U.S. to an October launch (4 months). It's not surprising that iPhone sales were down. iPhone had been released in Canada during July in previous years and that was pushed back 3 months, same for many other countries. Sales dipped in the later half due to rumors of a new iPhone. iPhone 4S sold 4 million units in 3 days or about 23% of last quarters total.

 

[AstroLad]

"Record quarter YoY, but not good enough for some analysts."
Yeah, fancy that, missing expectations by a ton that were priced into the stock leads to the stock price dropping. Fascinating how the market works. I think AppleGAF should head over to Occupy Wall Street to protest this injustice.

Revenue: $28.3 billion vs. $29.41 billion expected
EPS: $7.05 vs. $7.26 expected
iPhone units: 17.1 million vs. 22 million expected
iPad units: 11.1 million vs. 10 million expected
Mac units: 4.89 4.5 million expected
iPod: 6.62 million vs. 6.9 million
December quarter revenue: $37 billion vs. $36.63 billion expected
December quarter EPS: $9.30 vs. $8.96 expected
http://www.businessinsider.com/apple-earnings-2011-10#ixzz1bAl60Vvg