Apple Q4 Revenue, Profit Up - Twice

Apple Q4 Revenue, Profit Up

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Cupertino, Calif. - Apple today announced higher quarterly revenue and net profit for its fiscal 2011 fourth quarter, ended Sept. 24.

The company posted quarterly revenue of $28.27 billion and quarterly net profit of $6.62 billion, compared with revenue of $20.34 billion and net quarterly profit of $4.31 billion in the year-ago quarter.

Gross margin was 40.3 percent compared with 36.9 percent in the year-ago quarter. International sales accounted for 63 percent of the quarter's revenue.

Apple said it sold 17.07 million iPhones in the quarter, representing 21 percent unit growth over the year-ago quarter. In addition, 11.12 million iPads were sold during the quarter, a 166 percent increase over the year-ago quarter, and 4.89 million Macs were sold during the quarter, a 26 percent increase.

iPod sales were down 27 percent compared with the prior year. Apple said it sold 6.62 million iPods.

"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."

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