Rabu, 19 Oktober 2011

Apple's Earnings Fourth Quarter Results in Record Mac and iPad Sales

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Apple reported record earnings for Q4 2011 with quarterly revenue of $28.27 billion, and net profit for the quarter of $6.62 billion.  Consumers gobbled up 17.07 million iPhones, 11.12 million iPads, and a record 4.89 million Macs during the quarter.  Apple saw sales of 6.62 million iPods: a dip from last year as more users are upgrading to the iPhone, and iPad.

Apple CEO Tim Cook is proud of Apple's results, and upbeat about the future:

“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.”

Thats a great quarter by anyone's estimate, and is further fueled by Apple's cash pile growing to an impressive $81 billion banked for a rainy day fund.  Download the Data Summary here

Do you own AAPL stock? are you impressed by Apple's quarterly earnings? please post a comment below.

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