Apple was last in the news a couple of days back when it announced the Mac OS X Lion complete with the tagline ‘The power of Mac OS X. The magic of iPad’. Now the company puts forth its financial results for the fiscal fourth quarter that concluded on September 25, 2010. The numbers record iPhone, iPad and Mac sales and reported its highest revenue and earnings.
As the report suggests, record revenue of $20.34 billion and net quarterly profit of $4.31 billion or $4.64 per diluted share was disclosed. The mentioned results are pitted against those numbers acquired within the same quarter period last year which amount to $12.21 billion and net quarterly profit of $2.53 billion, or $2.77 per diluted share. The gross margin was recorded at 36.9 percent when weighed against 41.8 percent last year. The company divulged international sales for 57 percent of the revenue in the fourth quarter this year.
“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,” stated 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,” explained 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.”
There were 3.89 million Macs were purchased in Q4 which amounted to 27 percent unit increase when pitted against last year’s sales numbers. 14.1 million iPhones and 9.05 million iPods were sold during the quarter which punched in at 91 percent unit growth and 11 percent decline respectively. There were 4.19 million iPads picked up in that same time frame.
Apple’s Q4 2010 financial results can be acquired from the company’s official website for a limited time.