Apple Has Strong 4th Quarter But Misses Wall Street Estimates

October 19th, 2011 at 3:11 pm
 


Popular iPhone 4S maker Apple has recently reported its 4th quarter earnings ending September 24. The company reported a total revenue of $28.27 billion for the last quarter of the fiscal year that amounted to $6.62 billion worth of profits. This was an improvement from the revenues of the same quarter last year of $20.34 billion. The gross profit margin for this quarter also improved to 40.3 percent, a 3.4 percent increase compared to the profit margin for the same quarter last year.

But despite the strong closing for Apple, it somehow missed analysts’ expectations from Wall Street. This was the first time that the company did that since going on a hot streak for several quarters now. Apple share prices ended 27 cents less than what many of the Wall Street analysts expected the company to get for the last quarter. Overall, gross annual revenue for Apple in 2011 stands at $108 billion for a total annual profit of $26 billion.

Just like in the previous quarters, the main sales driver for Apple remains to be the iPhone. Now that the iPhone is being offered in over 130 countries and by about 230 carriers worldwide, the iPhone has remained to be Apple’s bread and butter. It has sold around 17.07 million units in the last quarter, which was 21 percent more than the iPhone sales for the same quarter last year. But the numbers were a bit lower than the 20.34 million iPhones sold in the 3rd quarter of this fiscal year. But Apple executives say that it is because of Apple customers actually holding back prior to the launch of a new iPhone model, which is the new iPhone 4S.

True enough the recent product launch saw the iPhone 4S sell over 4 million units in just 3 days. Aside from the iPhone, Apples tablet division is also enjoying staggering sales figures. The last quarter of 2011 saw the company enjoying its biggest iPad sales yet. It was able to dispose of 11.12 units if their popular tablet, an incredible 166 percent increase from tablet sales during the previous quarter. iPad sales accounted for $6.9 billion of Apple’s revenues for this quarter, up from only $2.8 billion from the same quarter last year. This may indicate that Apple may be developing two big product sellers upon entering the next fiscal year. ┬áThis may show a promising future for the company in the Post-Jobs Era.

 

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