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AAPL Stock: 112.01 ( -0.53 )

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Apple announces $28.27 billion in Q4 2011 revenue

updated 04:45 pm EDT, Tue October 18, 2011

Rides on 17.07M iPhones, 11.12M iPads

Apple today revealed the results for its fiscal fourth quarter, which ended on September 24th. The company generated $28.27 billion in revenue, generating a net profit of $6.62 billion, or $7.05 per diluted share. The company contrasts the figures with Q4 2010, when it pulled in $20.34 billion with a profit of $4.31 billion, or $4.64 per share. Gross margin rose from 36.9 percent to 40.3; about 63 percent of revenue came from outside the US. In all the company says it achieved its highest revenue and earnings ever for a September quarter.

The company grew iPhone sales 21 percent year-over-year to 17.07 million units, while iPad sales jumped a massive 166 percent, hitting 11.12 million. Mac sales were also healthy, increasing 26 percent to 4.89 million. iPods sales suffered a significant decline, dropping 27 percent to 6.62 million units.

"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," reads a prepared statement by Apple CEO Tim Cook. "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."

Also included in Apple's announcement is a quote from CFO Peter Oppenheimer. "We are extremely pleased with our record September quarter revenue and earnings and with cash generation of $5.4 billion during the quarter," he writes.

The company is set to hold a conference call on the data at 5PM Eastern, or 2PM Pacific time.




by MacNN Staff

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Comments

  1. Arne_Saknussemm

    Joined: Dec 1969

    -1

    Hope I'm wrong but..

    Safest bet is lawyers will get the bestof it,
    not the R&D or Design people
    that made Apple what it is today.

    However, maybe rumors are true and some of that capital does go into some "skunk works" department where new manufacturing tech is in development...

  1. climacs

    Joined: Dec 1969

    +4

    huge afterhours selloff

    AAPL down 6.5% / ~$27. WTF? Were the numbers not as smashingly awesome as expected? Ridiculous.

    Buy buy buy if this holds up when markets open tomorrow.

  1. climacs

    Joined: Dec 1969

    +3

    iPod down, who cares

    since the functions of an iPod are incorporated in an iPhone. It's a niche product now. I could see buying an iPod nano for working out, or a Touch if you want a more fully-featured iPod but without phone service.

    Still wondering exactly what these investors are reacting to, selling off so much.

  1. GreenMnM

    Joined: Dec 1969

    -3

    @climacs

    The quarterly statements always come AFTER the markets have closed in NYC. If AAPL was down today, it was down before the statement.

  1. climacs

    Joined: Dec 1969

    +6

    @GreenMnM

    Huh?

    1) I know that Apple quarterlies are after the market closes. I have a few hundred shares. I pay more attention to AAPL than I do to whether I've eaten in the last 8 hours.

    2) WTF are you talking about? AAPL was up 2 and a quarter at market close. In after hours trading, AFTER Apple announced its Q4, it's down about $27 from market close.

  1. testudo

    Joined: Dec 1969

    +1

    Re; huge afterhours selloff

    When will you all learn that Apple's stock price was already selling at a price consistent with the projected earnings announcement data. As such, the price would be down not because the numbers weren't stellar, it's just that they didn't match the expectations that drove the stock price to the value it was at.

    And, yes, you also need to learn that stocks trade at a value based on future expectations. Once the future becomes the present, the stock price will alter accordingly (so if Apple shipped 22 million iPhones and 16 million iPads, the stock would have gone up, if Apple matched the analyst guesstimates, the price would have been flat).

    Also affecting the price is future projections. Apple, like many companies, will spend half their call talking down their next quarter ("well, we think if we're lucky we'll sell 100 iPhones, maybe 200 if we can get Verizon to do a bogo deal.") because the last thing they want to do is over guess their numbers, as that's what causes investor lawsuits. And since they downplay the future, and analysts have nothing else to go on at that point, that will also cause the price to drop (since if Apple is only expecting, say, 20% growth over the next 3 months instead of the 50% they have been having, their stock won't be worth as much).

    And you'd think someone with a couple hundred shares of Apple stock would understand all this (then again, if that's the only company you have stock in, maybe not, since you probably actually think that Apple is the only company that is treated this way by the investing community).

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