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AAPL Stock: 97.9 ( + 0.23 )

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Apple beats Q4 expectations with $20.34 billion in revenue

updated 04:45 pm EDT, Mon October 18, 2010

Includes 14.1 million iPhones, 4.19 million iPads

Apple has announced the results of its fourth fiscal quarter, which ended on September 25th. The company is claiming "record" revenue of $20.34 billion, and a net quarterly profit of $4.31 billion, or $4.64 per diluted share. For comparison Apple notes that in Q4 2009 it posted $12.21 billion in revenue, $2.53 billion in profit, and $2.77 per diluted share. Gross margin fell this year, slipping from 41.8 percent to 36.9. International sales amounted for more than half of the company's revenue at 57 percent.

Leading the company's efforts was the iPhone, which grew sales 91 percent year-over-year to reach 14.1 million units. Other sales figures include 3.89 million Macs -- a 27 percent increase -- and 4.19 million iPads. iPods fell 11 percent to 9.05 million units, in keeping with a long-term decline.

"We're thrilled with the performance and strength of our business, generating almost $5.7 billion in cash flow from operations during the quarter," reads a prepared statement by Apple CFO Peter Oppenheimer. "Looking ahead to the first fiscal quarter of 2011, we expect revenue of about $23 billion and we expect diluted earnings per share of about $4.80."






by MacNN Staff

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Comments

  1. Jonathan-Tanya

    Joined: Dec 1969

    +10

    that's real money

    Give Apple credit, that's some serious cash flow.

  1. climacs

    Joined: Dec 1969

    +7

    no credit for you

    you would think huh?

    AAPL down 6% (nearly $20) in after-hours trading

    http://www.nasdaq.com/aspxcontent/ExtendedTradingTrades.aspx?selected=AAPL&mkttype=after

    WTF? Results were not super-spectacular enough?

  1. legacyb4

    Joined: Dec 1969

    +5

    Just people taking profit

    It goes hand in hand with Apple posting their "best quarter ever".

    If you've got the nerve, pick up some now and hang on to your hat for the ride.

  1. Constable Odo

    Joined: Dec 1969

    +4

    Profit-taking?

    My question is why weren't Google investors doing any profit-taking when it shot up $60 on earnings. I'm not questioning your reasoning, but there are some things I just can't wrap my head around. Over the past few days Google is up some $75 or so and there's no profit-taking, so does that mean Google is on it's way to $700 without any profit-taking.

    I sure hope Apple met some of WS's expectations, because if it didn't, then there's almost no chance of Apple doing better if Foxconn can't keep up with product demand.

    The immediate after-hours drop sure looked as though Apple earnings weren't quite up to snuff even with that huge $20.34 billion in revenue sitting there all big and bold. The way some people were talking about the lackluster iPad sales sure had me head-scratching. Earlier in the year, people were saying that Apple couldn't sell 4 million iPads for the entire year.

  1. Schatz

    Joined: Dec 1969

    +4

    Profit taking after the rise

    Fairly normal historically.

  1. aristotles

    Joined: Dec 1969

    +5

    Apple beat MSFT on revenue

    The highest Quarter MSFT had so far was for their december quarter last year at 19 Billion.

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