Highest September Quarter Revenue and Earnings Ever
Record sales of both Macs and iPads helped Apple set new marks for quarterly revenue and earnings for its fiscal fourth-quarter.
Apple today reported a quarterly revenue of $28.27 billion and quarterly net profit of $6.62 billion, or $7.05 per diluted share. In the quarter a year ago, Apple reported a revenue of $20.34 billion and net quarterly profit of $4.31 billion, or $4.64 per diluted share. Sales outside the US accounted for 63 percent of the quarter’s revenue.
A record 11.12 million iPads were sold during the quarter, a 166 percent unit increase over the year-ago quarter. 4.89 million Macs were sold during the quarter, a 26 percent unit increase over the year-ago quarter. The number of iPads and Macs sold in this quarter are an all-time record for Apple. iPods were down 27 percent this quarter with 6.62 million units sold.
“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.”
The earnings call today was the first for Tim Cook as CEO. There have been doubts about the future of Apple without Jobs, who passed away earlier this month after battling pancreatic cancer. Apple are sitting in a good position moving into the holiday period with record sales on the iPhone 4S over opening weekend.