Apple today posted extraordinarily strong results for its fiscal fourth quarter, ended on September 24th.
The company generated $28.27 billion in revenue, generating net profit of $6.62 billion, or $7.05 per diluted share – a 54% increase. Gross margins increased sequentially from 36.9 percent to 40.3 – with about 63 percent of revenue coming from outside the US.
iPhone sales grew 21 percent year-over-year to 17.07 million units, while iPad sales jumped a massive 166 percent, hitting 11.12 million. Mac sales were also healthy, increasing 26 percent to 4.89 million. if it’s four main product lines, only iPod suffered a significant decline – dropping 27 percent to 6.62 million units.
“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,” reads a prepared statement by Apple CEO Tim Cook. “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.”
Apple CFO Peter Oppenheimer, echoed Cook’s optimism, “we are extremely pleased with our record September quarter revenue and earnings and with cash generation of $5.4 billion during the quarter,” he writes.
Cook noted that sales of the iPhone 4S, begun only last week, after the quarter had ended, had already posted sales well over 4 million units: ”that will give its the mother of all uplifts going into the holiday season.”
AAPL riding crest iPhone + iPad momentum
