Apple Reports Q4 2010 Profit of $4.31 Billion on $20.34 Billion Revenue, Best Quarter Ever

[MacRumors]

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.

"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's guidance for the first quarter of fiscal 2011 includes expected revenue of $23 billion and earnings per diluted share of $4.80.

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

[jav6454]

Dayum, twice the profit. Now, can they do something good for once and actually give all their devices DECENT MEMORY....

Also, the iPad numbers versus the iPod and iPhone... crazy.

[Unspeaked]

They missed on iPads - that was a pretty important number. Wonder how it will trade when things resume at 4:50 EST?

[alent1234]

lately in NYC i'm seeing more iphone 4's than android phones total. and Nano's are everywhere as well

[redshift1]

Originally Posted by Unspeaked

They missed on iPads - that was a pretty important number. Wonder how it will trade when things resume at 4:50 EST?

4:50 or 4:15

[WildCowboy]

Takeaways: Overall performance and iPhone in particular very strong. iPads almost shockingly below most people's expectations. Guidance for this quarter quite strong on revenue front, but maybe not on the earnings front.

[alent1234]

Originally Posted by Unspeaked

They missed on iPads - that was a pretty important number. Wonder how it will trade when things resume at 4:50 EST?

and more importantly what is the guidance. the earnings are old news, guidance is what will move the stock. they have to keep growing iCrap at the same rate to keep the stock moving. are we going to get a 26 million iPhone quarter next year when the 5 is released?

and these numbers are the full profit realized once unlike last year

[Unspeaked]

Originally Posted by redshift1

4:50 or 4:15

Trading was halted until 4:50 - kind of unusual, but I think it's happened in the past.

[MCIowaRulz]

Those surprises I want are updated iMacs and iLife.
Also, Update the Pro Apps for 64 bit already!

[lsvtecjohn3]

[smiddlehurst]

Good lord... Exceptional performance and some very interesting figures in iPhone and iPad sales. Looks like all the media feeding frenzy blowing the antenna stuff out of all proportion didn't exactly age a lot of impact. And while iPad was a bit lower than some expected it's still a superb performance from what is, after all, a whole new product line and market sector.

Actually, sorry, I'm being thick, that's 4 and a bit million iPad's in July, August and September not year to date. Considering they were still supply limited for much of that period I wouldn't be surprised to find they didn't have many left from their production run. And more ipad's sold than macs, theybjust may be on to something here... ;-)

[tigres]

All I know is "a few more surprises"

I take my MBA now please, help you with 4th quarter.

[WildCowboy]

Originally Posted by Unspeaked

Trading was halted until 4:50 - kind of unusual, but I think it's happened in the past.

Yes, it's happened with increasing frequency ahead of blockbuster earnings announcements from Apple.

[macshark]

They are projecting 15% higher revenue for the next quarter, but the profit projection remains almost the same as this quarter? Is this because most of the extra revenue is expected to be due to (lower margin) iPod sales in the Xmas quarter?

[apple1990]

The iPhone figure is amazing, especially considering the stock constraints.

[Unspeaked]

Originally Posted by alent1234

and more importantly what is the guidance. the earnings are old news, guidance is what will move the stock. they have to keep growing iCrap at the same rate to keep the stock moving. are we going to get a 26 million iPhone quarter next year when the 5 is released?

and these numbers are the full profit realized once unlike last year

I saw this rumor, but haven't hear anything official yet:

Apple is predicting Q1 EPS of $4.80, below the $5.04 analysts were looking for.

If that's the case, it's bad news for Apple, especially in the holiday quarter.

[redshift1]

Originally Posted by Unspeaked

Trading was halted until 4:50 - kind of unusual, but I think it's happened in the past.

I was watching a business channel and IBM was not halted ..what's up with the delay

[jav6454]

Originally Posted by Unspeaked

If that's the case, it's bad news for Apple, especially in the holiday quarter.

No, it just means Apple is doing a conservative guidance, which is what they are known for.

[Deflorator]

It is the right time to stand up and say:"Apple is dooomed"
http://www.youtube.com/watch?v=_49iN...eature=related

[Unspeaked]

Originally Posted by jav6454

No, it just means Apple is doing a conservative guidance, which is what they are known for.

Correct me if I'm wrong but Apple's conservative guidance doesn't usually come in that far below expectations, does it?

[macshark]

Originally Posted by Unspeaked

They missed on iPads - that was a pretty important number. Wonder how it will trade when things resume at 4:50 EST?

It is likely that they will say that iPads were supply limited...

[stangmmx]

Personally I have a $320.00 price target. Then, wait for a sell off, and buy low before the holiday season. Excellent stock with exceptional performance. I wouldn't be too concerned about iPad sales.

For the rest of you derivative players, keep your eye on CRUS. They report before the bell on Thursday. Hopefully we don't get hosed

[alent1234]

Originally Posted by stangmmx

Personally I have a $320.00 price target. Then, wait for a sell off, and buy low before the holiday season. Excellent stock with exceptional performance. I wouldn't be too concerned about iPad sales.

For the rest of you derivative players, keep your eye on CRUS. They report before the bell on Thursday. Hopefully we don't get hosed

are you crazy? i bet iPad margins are better than iMac and MBP margins. or at the minimum they make more dollars in profit on iCrap than Mac's

[jav6454]

Originally Posted by Unspeaked

Correct me if I'm wrong but Apple's conservative guidance doesn't usually come in that far below expectations, does it?

Apple always throws in low-ball guidances. Check the previous guidance reports made by Apple. All the same.

[elppa]

Quick RIM, stuff the channels!