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Apple shares fall in after hours trading

Apple today reported revenue of $28.27B for the fourth quarter and $6.62B in net profit ($7.05 per diluted share). These numbers compare quite favorably to $20.34B and $4.31B ($4.64 per diluted share) for the same quarter last year.
 
Gross margins for Apple during Q4 were 40.3 percent.
 
During the quarter, Apple sold 17.07 million iPhones (21 percent growth year-over-year), 11.12 million iPads (166 percent growth), 4.89 million Mac computers (26 percent growth), and 6.62 million iPods (27 percent decline).

 
“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.”
 
Speaking of the iPhone 4S, Apple announced yesterday that it sold over four million of the smartphones during its first weekend of availability -- this was over twice the number for the iPhone 4's initial rollout in 2010.
 
Despite the good news coming out Cupertino today, investors weren't too terribly impressed. Analysts were expecting revenue of $29.69B and earnings per share of $7.39. They also expected quarterly iPhones sales to be in the 18 million to 20 million range.

Apple shares are down over $26 in after hours trading.

Sources: Apple, CNBC



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Utter Rubbish
By DrD! on 10/18/2011 6:42:26 PM , Rating: -1
Apple shares are down over $26 in after hours trading.

At no point in todays trading did they lose anything like that.As far as I can see $5 was the biggest drop and in fact right now shares are UP on the opening price. Can you not read a graph ?




RE: Utter Rubbish
By someguy123 on 10/18/2011 6:52:21 PM , Rating: 3
It clearly says "after hours trading".

From the google link in the article:

After Hours: 395.61 -26.63 (-6.31%)


RE: Utter Rubbish
By DrD! on 10/18/2011 7:46:57 PM , Rating: 1
So it does, apologies. I missed that !


RE: Utter Rubbish
By Samus on 10/19/2011 2:01:13 AM , Rating: 2
Does anybody realize Apple makes twice as much quarterly as Intel? That's ridiculous.


RE: Utter Rubbish
By robinthakur on 10/19/2011 5:10:17 AM , Rating: 2
Why is that ridiculous? It's surprising and certainly smart, but clearly intel has a lower profit margin.


RE: Utter Rubbish
By TakinYourPoints on 10/19/2011 6:17:54 AM , Rating: 2
Well, Intel also has much lower gross revenue as well. Going from hardware into software, Microsoft has roughly double the profit margin as Apple, which is why it took so long for Apple to make more net profit even though they had been exceeding their net revenue for over a year.

Component makers definitely get lower profit margins compared to the two as they basically sell commodities.


RE: Utter Rubbish
By TakinYourPoints on 10/19/2011 6:19:55 AM , Rating: 2
Whoops, messed up word there.

It should say "why it took so long for Apple to make more net profit even though they had been exceeding their gross revenue for over a year"


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