Apple: More revenue in one quarter than Google will do in a year
Summary: To put Apple's $20 billion in quarterly revenue into perspective, consider that Wall Street is expecting $19 billion in revenue from Microsoft in the seasonally strong December quarter while Google is expecting revenue of $21.6 billion for all of 2010.
To put Apple's $20 billion in quarterly revenue into perspective, consider that Wall Street is expecting $19 billion in revenue from Microsoft in the seasonally strong December quarter while Google is expecting revenue of $21.6 billion for all of 2010. Now Apple is projecting fiscal first quarter sales of $23 billion.
For its fiscal fourth quarter, Apple reported net income of $4.31 billion, or $4.64 per share on record revenue of $20.34 billion. Wall Street was expecting earnings of $4.08 a share on revenue of $18.9 billion. (Statement, Techmeme) For the full year, the company reported $14.01 billion in net income, or $15.15 per share, on sales of $65.23 billion.
iPhone sales saw 91 percent unit growth over the same quarter a year ago, with 14.1 million sold. The company said it also sold 4.19 million iPads during the quarter, a number that some analysts say could have been stronger if not for some supply constraints.
Even Macs, which are due for a refresh and likely will the topic of a news event later this week, saw a 27 percent unit gain from a year ago, with 3.89 million sold. The company also sold 9.05 million iPods during the quarter, an 11 percent drop.
Gross margin was 36.9 percent compared to 41.8 percent in the year-ago quarter. International sales accounted for 57 percent of the quarter’s revenue.
In a statement, Apple CEO Steve Jobs said:
We are blown away to report over $20 billion in revenue and over $4 billion in after-tax earnings—both all-time records for Apple. iPhone sales of 14.1 million were up 91 percent year-over-year, handily beating the 12.1 million phones RIM sold in their most recent quarter. We still have a few surprises left for the remainder of this calendar year.
Looking ahead to its fiscal first quarter, the company said it expects earnings of $4.80 per share on sales of $23 billion. Wall Street was expecting earnings of $5.07 a share for the first quarter of fiscal 2011 on revenue of $22.4 billion.
The company hosted a conference call to discuss details. On it, Apple CEO Steve Jobs popped in to offer some prepared remarks and field some questions from Wall Street analysts.
Shares of Apple were up slightly, closing at $318.00. Shares were slipping in after-hours trading.
Kick off your day with ZDNet's daily email newsletter. It's the freshest tech news and opinion, served hot. Get it.
Talkback
first post? has the headline stunned the Fandroids?
As an Apple AND Google investor I've always wondered what happened to the 'android army' and 'Android is Mac vs PC all over again'
Another way of putting it
yeah, because Apple is FORCING people to buy it's products.
RE: Apple: More revenue in one quarter than Google will do in a year
RE: Apple: More revenue in one quarter than Google will do in a year
@matthew_maurice people are too dumb to realize what they are getting. Apple's clever marketing preys on people with no tech knowledge into buying their overpriced crap. And then techies who are trying to "fit in" with the dumb crowd go and buy Mac's aswell so they can try to be cool. And Steve jobs is just laughing all the way to the bank as he sells crap for twice the price.
Their products are not better designed (maybe physical designs, but not technical), they are better marketed, but they are NOT better supported.
RE: Apple: More revenue in one quarter than Google will do in a year
So according to your logic, those lottery scams are not scams because people are willing to fork over their money to those scumbags.
RE: Apple: More revenue in one quarter than Google will do in a year
No, Google just can't make on marketing
RE: Apple: More revenue in one quarter than Google will do in a year
Not based on the CEOs numbers
Android is #3
Very Interesting!
RE: Apple: More revenue in one quarter than Google will do in a year
RE: Apple: More revenue in one quarter than Google will do in a year
RE: Apple: More revenue in one quarter than Google will do in a year
He has never seen an iPad in the wild, so therefore the sales figures must be inaccurate.
RE: Apple: More revenue in one quarter than Google will do in a year
It's possible that he actually hasn't
RE: Apple: More revenue in one quarter than Google will do in a year
800,000 less iPads in the wild than the analysts expected. Hence the $20 drop in stock price in after hours trading.
This is only supply problem; after 6mo, iPad isn't sold in the world mostly
<b>For this calendar year, Apple could contract production of about only 13 million screens, of which about 7.5 million are already sold in second and third calendar quarters.</b>
So sales for the current quarter will only reach about 5-6 million.
What supply problem?
There are plenty of iPads in Target and Best Buy. No shortage that I can see. Walmart, AT&T and Verizon are getting them soon too.
I think there are lots of people waiting for the 2nd gen. You would be crazy to buy one for the holidays when the 2nd gen will get announced in January/February.
I've been burnt a couple of times by Apple like that (iPhone, MacBook,) and I have learnt my lesson.
The 2nd gen will likely have FaceTime and the Retina display, so I will wait for that.
RE: Apple: More revenue in one quarter than Google will do in a year
Facetime is a possibility.
Retina display at that size would take a lot of video horsepower; that I don't expect.