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Apple sold 27 million iPhones during the quarter, which was better than analyst estimates

Apple has been on a new product assault for the past few months. Things kicked off with the iPhone 5 launch in September and culminated this week with the announcement of a fourth generation iPad, the iPad mini, new iMacs, and a new 13" MacBook Pro with Retina Display.
 
Now, Apple has released its earnings for Q4 and the company recorded $36 billion versus analyst estimates of $35.80 billion. Net profit for the quarter came in at $8.2 billion. Earnings per share (EPS) rang in at $8.67 versus analyst estimates of $8.75 per share.
 
Numbers were up across the board compared to the same period last year when the company announced earnings, profit, and EPS of $28.3 billion, $6.6 billion, and $7.05 respectively.
 
During the quarter, the company sold 26.9 million iPhones (53 percent growth from a year ago), 14 million iPads (26 percent growth), and 4.9 million Macs (one percent growth). Apple’s iPod numbers continue their downward slide with quarterly sales of 5.3 million units (a 19 percent decline from a year ago).
 
“We’re very proud to end a fantastic fiscal year with record September quarter results,” said Tim Cook, Apple’s CEO. “We’re entering this holiday season with the best iPhone, iPad, Mac and iPod products ever, and we remain very confident in our new product pipeline.”

Source: Apple



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RE: big numbers
By corduroygt on 10/25/2012 5:12:20 PM , Rating: 2
Stock goes down because of the law of large numbers. They'd have to grow much faster (might not even be possible due to production constraints) to keep up with the growth expectations that are built into the stock price.


RE: big numbers
By Nortel on 10/25/2012 5:18:50 PM , Rating: 2
Apple's PE is 14.33... not even counting their cash hoard...that is a ridiculously low PE.


RE: big numbers
By TakinYourPoints on 10/25/2012 5:30:21 PM , Rating: 2
Yup, its about where other big techs like IBM and Microsoft are, and far lower than Google. If AAPL was priced like GOOG then it'd be over $900 a share.

The market has been doing a very good job conservatively pricing exuberance and expectation out of Apple's stock price, despite its consistent growth. Revenue has literally been the only factor in their price for the last three years.


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