Apple Corporation today announced financial results for its fiscal 2011 fourth quarter
ended September 24, 2011. The Company posted 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.
“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.”
“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.”
Apple will provide live streaming of its Q4 2011 financial results
conference call beginning at 2:00 p.m. PDT on October 18, 2011 at
www.apple.com/quicktime/qtv/earningsq411. This webcast will also be
available for replay for approximately two weeks thereafter.
Source: Apple
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