By 19 October 2011 | Categories: news


Apple has announced its financial results for its fiscal 2011 fourth quarter that ended on 24 September. The Cupertino-based iPhone and iPad maker posted quarterly revenue of $28.27 billion, up from $20.34 billion a year ago, with a quarterly net profit of $6.62 billion, rising from $4.31 billion in the year-ago quarter.

The company’s international sales accounted for 63% of the quarter’s revenue. Apple sold 17.07 million iPhones during this quarter, representing a 21% year-on-year unit growth. It also managed to achieve a massive 166% tablet sales increase over the year-ago quarter, selling 11.12 million iPads during the period.

Also up is sales of Cupertino’s Macs as the company sold 4.89 million computers during the quarter, which is a 26% unit increase compared to this period last year. Once again the only damper in terms of sales for Apple is its iPod range, with the company experiencing a 27% unit decline from the year-ago quarter as it sold 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,” said Tim Cook, Apple’s CEO. “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.”

“We are extremely pleased with our record September quarter revenue and earnings and with cash generation of $5.4 billion during the quarter,” said Peter Oppenheimer, Apple’s CFO. “Looking ahead to the first fiscal quarter of 2012, which will span 14 weeks rather than 13, we expect revenue of about $37 billion and we expect diluted earnings per share of about $9.30.”
In other Apple related news the company also recently released the latest version of its mobile operating system, iOS 5, and also announced that it sold over four million iPhone 4S smartphones in just three days following its 14 October launch.


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