Apple's Latest Earnings: 17 Million iPhones Sold, 11 Million iPads
Apple just keeps bringing home the bacon. But would you really expect anything different? The company has been breaking their own records for years now, and just when think they may have hit a wall, another wall gets torn down. This week, Apple announced financial results for its fiscal 2011 fourth quarter ended September 24, 2011. The results? 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.
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. These figures were actually a bit below Wall St. estimates, but Apple has suggested that this coming quarter, when Christmas hits, will be one of their best ever. Perhaps even the best ever, ever.
"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." And considering that everyone and their cousin will be hoping for an Apple product come late December, who are we to doubt 'em? Must be nice to be king.
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. These figures were actually a bit below Wall St. estimates, but Apple has suggested that this coming quarter, when Christmas hits, will be one of their best ever. Perhaps even the best ever, ever.
"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." And considering that everyone and their cousin will be hoping for an Apple product come late December, who are we to doubt 'em? Must be nice to be king.
