Apple Inc. (AAPL) Reports Highest Q4 Revenue and Earnings Ever
Apple Inc. (NASDAQ:AAPL) on Tuesday announced financial results for the fourth quarter of 2011. Apple posted quarterly revenue of $28.27 billion and quarterly net profit of $6.62 billion, or $7.05 per diluted share. In the year-ago quarter the company generated revenue of $20.34 billion and net quarterly profit of $4.31 billion, or $4.64 per diluted share.
The gross margin was 40.3 percent compared to 36.9 percent in the year-ago quarter and international sales accounted for 63 percent of the quarter’s revenue.
AAPL also announced that the company established a new all-time quarterly record with sales of 4.89 million Macs which exceeded previous record set in the last December quarter by 760,000 Macs representing a 26% increase over the year-ago quarters results. Mac OS X Lion saw tremendous response with over 6 million downloads during the September quarter.
The iPod sales saw a decline as the company sold 6.6 million iPods compared to 9.1 million in the year-ago quarter. Apple still retains 70% of the U.S market share for MP3 players. iTunes store on the other hand generated almost $1.5 billion in revenue. The company has seen more than 16 billion songs and 650 million TV shows downloads to date. iBookstore saw a total of 180 million downloads.
Apple sold 17.1 million iPhones compared to 14.1 million in the previous September quarter. iPhone saw 21% year-over-year growth and the company witnessed strong sales growth in Asia-Pacific segment where the sales more than doubled year-over-year. Apple’s CFO, Peter Oppenheimer, acknowledged that the company anticipated iPhone sell-through to decline sequentially from the June quarter as new product speculation intensified.
The iPad sales also set a new record with 11.1 million iPads sold during September quarter compared to 4.2 million in the year-ago quarter, an increase of 166%. The revenue generated from sales of iPad and iPad accessories during the quarter were $6.9 billion compared to $2.8 billion in the year-ago-quarter.
The cumulative iOS device sales have now surpassed 0.25 billion number. The App Store has more than 500,000 apps and has witnessed 18 billion downloads to date.
Apple’s cash and short-term and long-term marketable securities totaled $81.6 billion at the end of the September quarter, compared to $76.2 billion at the end of the June quarter, a sequential increase of $5.4 billion.
The company reported that over the course of the year it generated $108 billion in revenue, an increase of $43 billion over fiscal 2010 results. Apple sold more than 72 million iPhones, 32 million iPads and around 17 million Macs in fiscal 2011.