AppleInsider StaffThe 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.â€
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.â€
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.
Andrew Orr
Wesley Hilliard
Christine McKee
Malcolm Owen
128 Comments
It is going to get a lot uglier without Steve and more competitive iPhone nowhere near for around a year.
...and the stock is down on this news. Meanwhile, Amazon is trading at a P/E ratio of 107, more than 6 times that of AAPL. Do we think that Amazon's profits will be up more than 300% this quarter?
love how the headline ignores the big miss (first in 4 years) in expected EPS and iPhone sales.
I think it's really interesting that the stock price is up $50 over where it was before the 4S announcement and nearly $100 higher than it's low point right as the announcement ended. Some people have made a real killing the last 2 weeks
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.