Apple's 4th Quarter Results Show Record Growth in Sept.

AppleAccording to a press release distributed by Apple today, the company posted record gains in both revenue and profit during the fourth quarter, mainly due to sales of iPhones and iPads, with 17.07 million iPhones and 11.12 iPads sold during the span of the quarter, from June to September.

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

Tim Cook, Apple’s CEO added, “Customer response to iPhone 4S has been fantastic, [sic] we have strong momentum going into the holiday season, and we remain really enthusiastic about our product pipeline.”

Quarterly revenue was up 71% from last year from $20.34 billion to $28.27 billion, and net profit was up 65% from $4.31 billion to 6.62 billion. 63% of sales are attributed to international sales. Mac computer sales were up 26%, while iPod sales went down 27% to 6.62 million units sold.

Analysis: The quarter ended before Jobs’s passing, so we’ve yet to see what impact, if any, that will have on Apple’s profits. Even considering the outcry about the iPhone 4S being simply a newer version of the same product, iPhones accounted for a majority of the sales during the last quarter. Apple’s even expecting the holiday season to be a good one as well, given projections and the past quarter.

What strikes me as interesting is that over 50% of sales were international sales, not domestic. Perhaps the perceived condition that the majority of the American populace has on the economy has something to do with it; there’s no way to know for sure. No information was given about what international markets the most sales came from, however.


About ririkun