Apple's fourth quarter financial results are out, and the company reports an all-time record revenue and earnings.
Here are the details:
- Record revenue of $20.34 billion (compared to $12.21 billion in the year-ago quarter)
- Record net quarterly profit of $4.31 billion (compared to $2.53 billion for year-ago quarter)
- 3.89 million Macs sold (27% increase over year-ago quarter)
- 14.1 million iPhones sold (91% increase over year-ago quarter)
- 9.05 million iPods sold (11% unit decline over year-ago quarter)
- 4.19 million iPads sold (this is far lower than what analysts and Wall Street estimates that were in the region of 4.7 - 5.0 million)
"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," said Steve Jobs, Apple's CEO. "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."
"We're thrilled with the performance and strength of our business, generating almost $5.7 billion in cash flow from operations during the quarter," said Peter Oppenheimer, Apple's CFO. "Looking ahead to the first fiscal quarter of 2011, we expect revenue of about $23 billion and we expect diluted earnings per share of about $4.80."
At time of writing, Apple shares are down around 6.3%, mostly driven into the ground by investors being disappointed by iPad sales.