The iPhone maker reported a net income of $7.5 billion, or $8.31 per share (statement). Non-GAAP earnings were $8.26 per share on a revenue of $37.5 billion.
Wall Street was looking for earnings of at least $7.93 on a revenue of $36.84 billion.
Apple shares were up slightly just before the closing bell rang on Monday.
Cupertino was quick to describe Q4 as a "record September quarter" with iPhone sales up by approximately 26 percent annually to 33.8 million units. That figure was undoubtedly helped by the the unveiling of the new iPhones 5C and 5S last month.
Continuing on that note, CEO Tim Cook further gushed about the new product lineup in prepared remarks:
We’re pleased to report a strong finish to an amazing year with record fourth quarter revenue, including sales of almost 34 million iPhones. We’re excited to go into the holidays with our new iPhone 5c and iPhone 5s, iOS 7, the new iPad mini with Retina Display and the incredibly thin and light iPad Air, new MacBook Pros, the radical new Mac Pro, OS X Mavericks and the next generation iWork and iLife apps for OS X and iOS.
Nevertheless, even as iPad sales continue to grow, Mac figures demonstrate Apple is not immune to the PC industry woes either.
iPad sales were up slightly annually to 14.1 million units versus 14 million, while Mac sales were down from 4.9 million in the year-ago quarter to 4.6 million units this time around.
For the fiscal first quarter, Wall Street is banking big time on a combination of the iPad Air prepping to ship this week along with the impending holiday season. Thus, analysts looking for earnings of $13.86 per share on a revenue of $55.65 billion.
Apple followed up with a revenue guidance range of $55 billion to $58 billion.
Cook and company are expected to follow up with plenty more answers during the quarterly conference call later on Monday, starting at 2PM PT/5PM ET.