Apple Reports Record $20 Billion Q4, $4.3 Billion Profit

| Apple Stock Watch

Apple reported Monday that it brought in a record $20.3 billion in revenue during the September quarter, the company’s fiscal fourth quarter, and a record $4.34 billion in profit. That’s up 67% year-over-year in revenue and up 73% year-over-year in earnings.

Apple achieved many more records to achieve those stunning results, including a record 3.89 million Macs (up 27% year-over-year), a record 14.1 million iPhones (up 91%), and a record 4.19 million iPads (not available last year). The company also sold 9.05 million iPods, continuing that product line’s decline by 11% over the year ago 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,” Apple CEO Steve Jobs said in a statement. “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.”

“We’re thrilled with the performance and strength of our business, generating almost $5.7 billion in cash flow from operations during the quarter,” Apple CFO Peter Oppenheimer said. “Looking ahead to the first fiscal quarter of 2011, we expect revenue of about $23 billion and we expect diluted earnings per share of about $4.80.”

TMO will be providing live coverage of the company’s conference call with analysts, which begins at 5:00 PM Eastern.

*In the interest of full disclosure, the author holds a small share in AAPL stock that was not an influence in the creation of this article.

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While the stock dropped (as usual), it rebounded and in after hours trading is down all of $.10.

Lee Dronick

Was there any mention of how the iBookstore is doing? I have seen a report that is a failure


Well, that’s it. Game over for iOS and Apple. But what can they expect, selling a bunch of devices that can’t even play Flash video, side load apps, or let apps download code directly from the net.

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