Apple today announced financial results for the third calendar quarter and fourth fiscal quarter of 2010. For the quarter, Apple posted revenue of $20.34 billion and net quarterly profit of $4.31 billion, or $4.64 per diluted share, compared to revenue of $12.21 billion and net quarterly profit of $2.53 billion, or $2.77 per diluted share, in the year-ago quarter. Gross margin was 36.9 percent, compared to 41.8 percent in the year-ago quarter, and international sales accounted for 57 percent of the quarter's revenue.
Apple shipped 3.89 million Macintosh computers during the quarter, a unit increase of 27 percent over the year-ago quarter. Quarterly iPhone unit sales reached 14.1 million, up 91 percent from the year-ago quarter, and the company also sold 9.05 million iPods during the quarter, representing 11 percent unit decline over the year-ago quarter. Apple also sold 4.19 million iPads during the quarter.
Apple's guidance for the first quarter of fiscal 2011 includes expected revenue of $23 billion and earnings per diluted share of $4.80."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."
Apple will provide live streaming of its Q4 2010 financial results conference call at 2:00 PM Pacific, and MacRumors will update this story with coverage of the conference call highlights.
Article Link: Apple Reports Q4 2010 Profit of $4.31 Billion on $20.34 Billion Revenue, Best Quarter Ever