Apple reports fourth quarter results

CUPERTINO, US: Apple has announced financial results for its fiscal 2011 fourth quarter ended September 24, 2011. The company posted quarterly revenue of US$28.27 billion and quarterly net profit of US$6.62 billion, or US$7.05 per diluted share. These results compare to revenue of US$20.34 billion and net quarterly profit of US$4.31 billion, or US$4.64 per diluted share, in the year-ago quarter.

19 Oct 2011

Gross margin was 40.3% compared to 36.9% in the year-ago quarter. International sales accounted for 63% of the quarter's revenue.

The company sold 17.07 million iPhones in the quarter, representing 21% unit growth over the year-ago quarter. Apple sold 11.12 million iPads during the quarter, a 166% unit increase over the year-ago quarter. The Company sold 4.89 million Macs during the quarter, a 26% unit increase over the year-ago quarter. Apple sold 6.62 million iPods, a 27% unit decline from the year-ago quarter.

"We are thrilled with the very strong finish of an outstanding fiscal 2011, growing annual revenue to US$108 billion and growing earnings to US$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 US$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 US$37 billion and we expect diluted earnings per share of about US$9.30."

Apple began providing live streaming of its Q4 2011 financial results conference call beginning at 2 pm PDT yesterday, 18 October 2011 at www.apple.com/quicktime/qtv/earningsq411. This webcast will also be available for replay for approximately two weeks.

Apple designs Macs, which the company claims are the best personal computers in the world, along with OS X, iLife, iWork and professional software. Apple also says it leads the digital music revolution with its iPods and iTunes online store and says it has reinvented the mobile phone with its iPhone and App Store. The company has recently introduced iPad 2 which it claims is defining the future of mobile media and computing devices.

Apple Inc Q4 2011 Unaudited Summary Data

Apple Inc UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS