Apple released its fourth quarter results last night, revealing that all-time record iPad sales have not dragged down Mac computers. In fact, Macs also notched up new records.
Apple hasnannounced its financial results for its fiscal 2011 fourth quarter endednSeptember 24, 2011. The Company posted quarterly revenue of $28.27 billion andnquarterly net profit of $6.62 billion, or $7.05 per diluted share. Thesenresults compare to revenue of $20.34 billion and net quarterly profit of $4.31nbillion, or $4.64 per diluted share, in the year-ago quarter. Gross margin wasn40.3 percent compared to 36.9 percent in the year-ago quarter. Internationalnsales accounted for 63 percent of the quarter’s revenue.nnnnThe Company sold 17.07 million iPhones in the quarter, representing 21 percentnunit growth over the year-ago quarter. Apple sold 11.12 million iPads duringnthe quarter, a 166 percent unit increase over the year-ago quarter. The Companynsold 4.89 million Macs during the quarter, a 26 percent unit increase over thenyear-ago quarter. Apple sold 6.62 million iPods, a 27 percent unit decline fromnthe year-ago quarter.nnnn“We are thrilled with the very strong finish of an outstanding fiscal 2011,ngrowing annual revenue to $108 billion and growing earnings to $26 billion,”nsaid Tim Cook, Apple’s CEO. “Customer response to iPhone 4S has been fantastic,nwe have strong momentum going into the holiday season, and we remain reallynenthusiastic about our product pipeline.”nnnn“We are extremely pleased with our record September quarter revenue andnearnings and with cash generation of $5.4 billion during the quarter,” saidnPeter Oppenheimer, Apple’s CFO. “Looking ahead to the first fiscalnquarter of 2012, which will span 14 weeks rather than 13, we expect revenue ofnabout $37 billion and we expect diluted earnings per share of about $9.30.”
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