DailyTech - Apple Announces Q4 Earnings, Records $8.2 Billion in Net Profit

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Gadgets Apple Announces Q4 Earnings, Records $8.2 Billion in Net Profit
Brandon Hill (Blog) - October 25, 2012 4:38 PM

43 comment(s) - last by TakinYourPoint.. on Oct 28 at 6:15 PM

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 Reclaimer77 on 10/25/2012 6:25:08 PM , Rating: 2

I still think (I'm not the only one) that something fishy is going on with these earnings reports. But time will tell.

These growth rates are, frankly, unbelievable.

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RE: big numbers

By TakinYourPoints on 10/25/2012 6:44:52 PM , Rating: 2

Why? The growth rate for Android handsets has been going up at a similar rate. The only difference is that it is a collection of companies for Android while Apple is just one, but the growth rates are similar. The other thing is that we are nowhere near the ceiling of smartphone adoption, not even close. This sort of growth in phones still has legs.

While the tide has been rising for the smartphone market, there have also been losers. The companies this has been at the expense of are Blackberry, Nokia, and Microsoft, as well as some Android handset manufacturers like HTC and Motorola. We'll see how they do next year.

The only place Apple is really ahead of everyone else is in tablet sales. They'll have sold (not just shipped) over 100 million tablets before the end of the year. It is a style of domination like what happened with the iPod, but we'll see if the Surface or the Fire or something else starts to carve its own piece of the market.

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