Apple Q4 2010: record revenue, earnings and a Jobs rant on Google

Apple FY Q4 beats expectations. Revenue $20.34B; EPS $4.64; 3.89M Macs; 14.1M iPhones; 9.05M iPods; 4.19M iPads; CEO Jobs Says Rival Tablets Will Be “DOA.”
Written by Jason D. O'Grady, Contributor

Yesterday Apple announced its financial results for the quarter ended September 25, 2010. The company announced record Mac, iPhone and iPad Sales and its highest revenue and earnings ever.

The Company posted record revenue of $20.34 billion and net quarterly profit of $4.31 billion, or $4.64 per diluted share. These results compare to revenue of $12.21 billion and net quarterly profit of $2.53 billion, or $2.77 per diluted share, in the year-ago quarter. 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.

Apple sold 3.89 million Macs during the quarter, a 27 percent unit increase over the year-ago quarter. The Company sold 14.1 million iPhones in the quarter, representing 91 percent unit growth over the year-ago quarter. Apple sold 9.05 million iPods during the quarter, representing an 11 percent unit decline from the year-ago quarter. The Company also sold 4.19 million iPads during the quarter.

Easily the most interesting part of the call was a surprise (and rare) appearance by Steve Jobs, who used the soapbox to deliver a scathing 5-minute rant on Google and Android. Some highlights:

  • "Many Android OEMs install proprietary user-interfaces to differentiate themselves from the commodity Android experience. The user is left to figure it all out. Compare this with iPhone where every handset works the same."

  • "We think the open vs. closed is just a smokescreen to try and hide the real issue, which is: What's best for the customer? Fragmented vs. integrated. We think Android is very very fragmented and becoming more fragmented by the day."

  • "Open systems don't always win."


Macworld has posted a transcript of Jobs' remarks on yesterday's call.

Photo: BusinessInsider.com

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