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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: Meh
By TakinYourPoints on 10/25/2012 6:49:09 PM , Rating: 2
Yeah, this is why I bought just a few shares at 600. I'm still hoping it tags the 200DMA. It is actually very close to that level on the 6 month and 1 year timeline. I expect it to be flattish for the rest of the quarter, but we'll see, I'm no mind reader. :)

Also note that I still have an overall dollar cost average of $135, even after selling quite a few shares at around $350. This is just dipping in for a little more cash before it makes its way back to $700+


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