14 DAY TRIAL // During a conference call provided via live audio streaming, Apple reported its FY 10 Fourth Quarter Results confirming record Mac, iPhone and iPad sales, and the highest revenue and earnings ever.
As promised, the financial results for Apple’s fiscal 2010 fourth quarter ended September 25, 2010 were announced officially on October 18, 2010.
The company posted record revenue of $20.34 billion and net quarterly profit of $4.31 billion, or $4.64 per diluted share, Apple confirmed in a press release.
Apple compares these numbers to those from last year, when it recorded $12.21 billion and net quarterly profit of $2.53 billion, or $2.77 per diluted share.
While last year gross margin was 41.8 percent, this year it was 36.9 percent.
57 percent of the quarter’s revenue came from International sales, Apple said.
Macs sold during the quarter counted 3.89 million. This marks a 27 percent unit increase over the year-ago quarter, Apple said.
Apple sold 14.1 million iPhones in the quarter, which represents a 91 percent unit growth over the year-ago quarter, and 9.05 million iPods, representing an 11 percent unit decline from the year-ago quarter.
Most notably, Apple confirmed sales of 4.19 million iPads during the quarter.
“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,” said 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,” added Jobs.
“We’re thrilled with the performance and strength of our business, generating almost $5.7 billion in cash flow from operations during the quarter,” said 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,” Oppenheimer added.
Apple’s FY 10 Fourth Quarter Results Conference Call is available as a continuous rebroadcast from Monday, October 18 at 5:00 p.m. PDT/8:00 p.m. EDT through Monday, November 1 at 5:00 p.m. PDT/8:00 p.m. EDT.