Apple Announces Record Q4 Earnings, Investors Aren't Impressed
October 18, 2011 4:51 PM
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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
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10/18/2011 8:34:30 PM
Apple is Doomed I tell you. Doomed!
Year over Year:
Revenues up 39%
Profit up 54%
Gross Margins up 9%
Cash on hand up 59%
Cash Flow up 84%
iPhone unit sales up 21%
iPad unit sales up 165%
Mac unit sales up 26%
iTunes $ sales up 50%
iPhone Accessories sales $ up 25%
Brick & Mortar Apple store $ sales up ONLY 1%
iPod unit sales DOWN 27%
Everyone knows that Apple is all about the Brick & Mortar stores and the iPod. Apple is obviously DOOMED!
"So, I think the same thing of the music industry. They can't say that they're losing money, you know what I'm saying. They just probably don't have the same surplus that they had." -- Wu-Tang Clan founder RZA
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