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Apple Announces Q4 2011 Earnings

Apple has finally announced its fiscal Q4 2011 earnings today. According to Apple, its total revenue remained at $28.27 B in fourth fiscal quarter with earnings of about $7.05 per share. The gross margin of Apple was 40.3% and its net profit remained at $6.62 billion for fourth fiscal quarter.

Apple

According to the figures provided by Apple, it sold 17.1 million iPhones, which is up by 21% compared to previous year. Apple sold 11.1 million iPads in this quarter, up by 166% over previous year, while sold 4.89 million Macs up by 26% year over year.

The overall estimated revenue expected by analysts for the fourth fiscal quarter was around $29 billion with earnings of $7.20 per share. The earnings certainly fell short of estimates that resulted in dropping of the stocks in afterhours trading. We cannot say how far it will fall, but as soon as the earnings went live, the stocks dropped down by 7%.


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According to Press Release:

“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.”

“We are extremely pleased with our record September quarter revenue and earnings and with cash generation of $5.4 billion during the quarter,” said Peter Oppenheimer, Apple’s CFO. “Looking ahead to the first fiscal quarter of 2012, which will span 14 weeks rather than 13, we expect revenue of about $37 billion and we expect diluted earnings per share of about $9.30.”

Where Apple is still thrilled about the current figures, it has received some negative response from the market because the company failed to achieve the set market-earnings targets.

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