Home > News > Apple Reports $6.62 Billion Q4 2011 Profit

Apple Reports $6.62 Billion Q4 2011 Profit

Apple has announced the fourth quarter financial result of the year (Q4 2011) and the results are:

• $28.27 billion revenue
• $6.62 billion profit
• 17.07 million iPhones sold %21 growth
• 11.12 million iPads sold %166 growth
• 4.89 million Macs sold %26 growth
• 6.62 million iPods sold %27 decline

Here is Apple’s press release:

Apple Reports Fourth Quarter Results

All-Time Record Mac and iPad Sales
Highest September Quarter Revenue and Earnings Ever 

CUPERTINO, California—October 18, 2011—Apple® today announced financial results for its fiscal 2011 fourth quarter ended September 24, 2011. The Company posted quarterly revenue of $28.27 billion and quarterly net profit of $6.62 billion, or $7.05 per diluted share. These results compare to revenue of $20.34 billion and net quarterly profit of $4.31 billion, or $4.64 per diluted share, in the year-ago quarter. Gross margin was 40.3 percent compared to 36.9 percent in the year-ago quarter. International sales accounted for 63 percent of the quarter’s revenue.

The Company sold 17.07 million iPhones in the quarter, representing 21 percent unit growth over the year-ago quarter. Apple sold 11.12 million iPads during the quarter, a 166 percent unit increase over the year-ago quarter. The Company sold 4.89 million Macs during the quarter, a 26 percent unit increase over the year-ago quarter. Apple sold 6.62 million iPods, a 27 percent unit decline from the year-ago quarter.

“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.”

Apple will provide live streaming of its Q4 2011 financial results conference call beginning at 2:00 p.m. PDT on October 18, 2011 at www.apple.com/quicktime/qtv/earningsq411. This webcast will also be available for replay for approximately two weeks thereafter.

You can find the author of this post on twitter: @khaled.

Arabic version of this post on SaudiMac Arabic Edition.

Please follow SaudiMac on Twitter and add SaudiMac on Facebook.

Remember to visit We Want Apple Saudi Arabia petition and spread the word.

About Khaled A.

x

Check Also

Coverage of Apple’s October 22 Event

Apple will be holding a special event tonight at 8 pm Saudi time. Apple will ...

Official Saudi, Bahrain, UAE iPhone 5s and 5c launch date: November 1

Apple has announced that the iPhone 5s and iPhone 5c will be available in 35 ...