Apple Announces Record Q4 Earnings, Investors Aren't Impressed
October 18, 2011 4:51 PM
comment(s) - last by
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 $26 in after hours trading
This article is over a month old, voting and posting comments is disabled
RE: Problem with stock market
10/19/2011 11:30:41 AM
Wall Street IS an irrationnal beast. Learn the concepts, do your homework and profit from it.
Apple had the tendency of doing conservative forecasts and then beating them. Over time people get used to that and expect more of the same. When one day the forecast are not beaten, speculators and day traders, that bet the house during the day that Apple would still beat its forecast, they become disapointed and sell off in a frenzy in after hours. Apple actually traded down on at least its 3 past quarterly earning results that i recall. THATS WHEN YOU BUY!
In the long term sound economics always have the upper hand over Wall Street irrational exuberance and CNBC'S fanboyism. Apple is a good company with record results and despite Job's death you can still expect growth from its iPad/iPhone/Mac and itune music/App store for a couple of years, then its still a good stock to buy at 400$ which is almost only 10 times forward earnings. On average stocks trade at 20 times earnings and in normal condition a growth stock like apple would trade up to 30 times earnings.
Oups, 408$, already went back up. See?
"I mean, if you wanna break down someone's door, why don't you start with AT&T, for God sakes? They make your amazing phone unusable as a phone!" -- Jon Stewart on Apple and the iPhone
IPhone 4S Restores Investors' Faith in Apple's 2011 Quarterly Earnings
October 18, 2011, 8:46 AM
Quick Note: Apple Sells Four Million iPhone 4S Smartphones in First Weekend
October 17, 2011, 9:18 AM
Apple Launches 21.5” iMac with 1.4GHz Core i5 Processor Priced at $1,099
June 18, 2014, 8:07 AM
Lowe's "Holoroom" Brings Holodeck, Home Improvement Dreams Closer to Reality
June 13, 2014, 9:06 AM
Intel to Broaden Market for Fanless Tablets, Ultrabooks with 14nm Intel Core M
June 3, 2014, 10:42 AM
ZOTAC Announces Four New Silent ZBOX Mini-PCs
June 2, 2014, 9:21 AM
ZOTAC Announces Funky ZBOX Sphere OI520 Series
May 22, 2014, 8:20 PM
Lenovo Slides Past Apple to Claim #3 PC Sales Spot in U.S., Posts Record Earnings
May 21, 2014, 9:21 AM
Most Popular Articles
Apple's iPhone, iPad Update iOS 7.1.2 is Badly Broken for Some
July 8, 2014, 2:00 PM
Buzz Aldrin Says First Astronauts to Set Foot on Mars Should Never Return Home
July 9, 2014, 9:46 AM
Despite Legal Threats Google Begins Posting Warnings of ISP Throttling
July 7, 2014, 5:52 PM
Update: Cadillac ELR Plug-in Hybrid "Sales Fail" Continues, Dealers Offering Up to $19k Off
July 11, 2014, 3:34 PM
Your Uncharged Smartphone, Tablet May Prevent You from Boarding U.S.-bound Flights
July 6, 2014, 11:11 PM
Latest Blog Posts
Space Terrorism is a Looming Threat For the United States
Apr 23, 2014, 7:47 PM
Facebook Aims to Provide Internet to "Every Person in the World" with Drones, Satellites
Apr 1, 2014, 10:20 AM
Retail Mobile Sites Experience Outages in Light of Simplexity's Bankruptcy
Mar 14, 2014, 8:48 AM
Tesla vs. BMW: Who Has the Safer EV?
Feb 1, 2014, 2:56 PM
Justice Leaks Details of Next HTC One Two Flagship Phone
Dec 5, 2013, 4:04 PM
More Blog Posts
Copyright 2014 DailyTech LLC. -
Terms, Conditions & Privacy Information