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Apple Q4 earnings: misses revenue targets, earns $6.62 billion in profit

By on October 18, 2011 at 4:47pm in Mobile News

The behemoth that is Apple keeps on rolling after the successful launch of the iPhone 4S, selling four million units in its first weekend.

Cupertino earned $7.05/ share, off analysts’ estimates of $7.28/share, with revenues at $28.3 billion, off from analysts’ $29.45 billion. Regardless of missed expectations, the company sold 17.07 million iPhones in the quarter, burying the rumour that sales would slide in anticipation of a new iPhone. This is a 21% rise over the previous year’s Q4.

Other sales numbers are as follows:

iPad: 11.2 million units, up 166% from a year ago.

Mac: 4.89 million units, up 26% from a year ago.

iPod: 6.62 million units, down 27% from a year ago.

The iPhone and iPad numbers are extraordinary, and the increase in iPhone sales more than make up the gross margin lost from decreased iPod sales. Cash and equivalents sit at a staggering $81.57 billion, with a gross margin of 40.3%. This is up from 36.9% last year. Profit for the quarter stands at $6.62 billion.

Arguments can be made that the delay of the iPhone 4S from its predictable summer release to its iPod-buffeting October release, plus the lack of a true iPhone 5, hurt Apple’s revenues somewhat. But these figures don’t take into account the millions of iPhone 4S’ sold last weekend, nor the upcoming holiday rush for cheaper products like iPods and Apple TVs.

Related posts:

  1. RIM shipped 37 million BlackBerry devices last year… revenue hit $15 billion
  2. DigiTimes: Apple increasing iPhone production to 56 million units for 2H 2011
  3. Apple now outselling Nokia in smartphones, has over $76 billion in cash
  4. Apple rakes in the profit… sells 7.4 million iPhones in Q4

Discussion

19 comments for “Apple Q4 earnings: misses revenue targets, earns $6.62 billion in profit”

  1. Why would you get an iPad when you can get a Asus eee tablet.

    WTB FANBOYS

    Like or Dislike: Thumb up 16 Thumb down 8

    Posted by hurrdurr | October 18, 2011, 4:51 pm
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  2. Yes we are the fanboys for buying the best selling tablet.

    Like or Dislike: Thumb up 9 Thumb down 14

    Posted by Rio | October 18, 2011, 4:53 pm
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    • Its only the best selling tablet because your sheppard told you too buy one. If he had slapped an Apple sticker on a Samsung Galaxy Tab you’d go out and buy it. But then you’d be in awe at what an awesome OS Android is and that wouldn’t be fair to you

      Like or Dislike: Thumb up 5 Thumb down 2

      Posted by Tiago | October 18, 2011, 7:29 pm

  3. Earnings depended on iphone 4, which is stale. Galaxy 2 was out since January, taking so much market share. Not sure why anyone is surprised.

    Like or Dislike: Thumb up 8 Thumb down 2

    Posted by Chris | October 18, 2011, 4:55 pm
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    • I think you have your calendar months confused… the Galaxy S II was released in early june (late may in Korea) Heck the first announcement was made in february. Don’t know why you’d think it was out since january.

      Like or Dislike: Thumb up 0 Thumb down 0

      Posted by Zomby | January 27, 2012, 8:55 am

  4. Just wait til the Occupy Wall Street Crowd hears about this! Evil Apple taking advantage of the ‘working man’… Oh wait, seems I’ve seen a few iphones and ipads in the crowd shots… Oh well!

    Like or Dislike: Thumb up 4 Thumb down 3

    Posted by Derek | October 18, 2011, 4:57 pm
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    • Just as many Bay St. broker dooshbags using iPads/iPhones if not more.

      Like or Dislike: Thumb up 2 Thumb down 0

      Posted by Dewey | October 18, 2011, 5:28 pm

  5. First time in a decade that Apple missed revenue target but let’s be fair, it sold 4M iPhone 4S last weekend alone so to write Apple off is ridiculous.

    Like or Dislike: Thumb up 4 Thumb down 6

    Posted by kenypowa | October 18, 2011, 5:00 pm
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  6. Whenever I think of an IPhone, I immediately imagine an unkempt college student, who is thin beyond recognition, all due to his strict Ramen Noodle diet – a situation that he has put himself into after buying a shiny, overpriced toy…

    Damn, Apple, you scary!

    What do you imagine when you think of an IPhone?

    Like or Dislike: Thumb up 9 Thumb down 5

    Posted by Tracktor Pete | October 18, 2011, 5:00 pm
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  7. LMAO I knew it was just a matter of time before this happened.
    Let’s see if the media will punish them like they did RIM.
    These poor excuses they were call for 21 million iphone and now they miss it’s OK they sold more than last quarter. SMH

    Like or Dislike: Thumb up 1 Thumb down 0

    Posted by Jamma | October 18, 2011, 6:16 pm
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  8. You know that the economy is not doing well when Apple misses its projected target by over a billion dollars.

    Like or Dislike: Thumb up 4 Thumb down 2

    Posted by Stuntman | October 18, 2011, 6:22 pm
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  9. You know the economy is doing better when Apple has 28 billion $ worth of revenue. That’s about 5% of Canada’s national debt – in one company’s revenue.

    Or maybe it’s actually doing worse because of that…hmmm!

    Economy is mind boggling sometimes.

    Like or Dislike: Thumb up 2 Thumb down 6

    Posted by zar | October 18, 2011, 6:42 pm
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  10. Well, I didn’t expect an better from dunces on MS. Apple missed ANALYST projections. They themselves projected 6.40 EPS, so it’s actually well above what they said. It seems like the only thing more dumb than analyst, are MS commenters.

    Like or Dislike: Thumb up 1 Thumb down 5

    Posted by Strawberry guy | October 18, 2011, 7:06 pm
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  11. Mobilesyrup your a joke

    Like or Dislike: Thumb up 1 Thumb down 3

    Posted by Losers | October 18, 2011, 9:41 pm
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  12. These numbers are good i****s

    Like or Dislike: Thumb up 1 Thumb down 1

    Posted by Losers | October 18, 2011, 9:44 pm
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  13. Danny bader your a joke

    Like or Dislike: Thumb up 0 Thumb down 2

    Posted by Losers | October 18, 2011, 9:45 pm
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  14. I don’t get it. I have a iPad and iPhone because it works together really well with my MacBook that I use for work that also became my everyday computer because it works. That’s it! I don’t get what joy Android users get slamming Apple produces. I mean, I (iOS user) think’s that the android OS is real good and solid and Have no need to talk trash about it, but at the end of the day I rather use iOS. Don’t get why this has to be a issue.

    Like or Dislike: Thumb up 2 Thumb down 0

    Posted by Devon D. | October 19, 2011, 10:14 pm
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    • Hear f*****g hear.
      You (Android users) like your phones, great. We (iOS users) like our phones, great. No leave us alone and f**k off.

      Like or Dislike: Thumb up 0 Thumb down 0

      Posted by Peter | October 20, 2011, 4:37 pm

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