Highest September quarter revenue and earnings ever recorded

Oct 19, 2011 06:42 GMT  ·  By

Apple has announced financial results for its fiscal 2011 fourth quarter ended September 24, 2011 confirming quarterly revenue of $28.27 billion (around 20 million €)  and quarterly net profit of $6.62 billion (roughly 4.8 billion EUR), or $7.05 per diluted share.

In usual manner, Apple compares the results to the year-ago quarter when the company posted revenue of $20.34 billion and net quarterly profit of $4.31 billion, or $4.64 per diluted share.

Last year, gross margin was 36.9 percent, while this year it was 40.3 percent. International sales accounted for 63 percent of the quarter’s revenue, Apple said. The sales breakdown per product line is:

- 17.07 million iPhones, representing 21 percent unit growth over the year-ago quarter; - 11.12 million iPads, a 166 percent unit increase over the year-ago quarter; - 4.89 million Macs, a 26 percent unit increase over the year-ago quarter; - 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.”

Peter Oppenheimer, Apple’s CFO, remarked: “We are extremely pleased with our record September quarter revenue and earnings and with cash generation of $5.4 billion during the quarter."

"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,” added Oppenheimer.

Apple is providing live streaming of its Q4 2011 financial results conference call beginning at www.apple.com/quicktime/qtv/earningsq411. The webcast will be around for listening for two weeks, give or take a couple of days.