Apple Reports Fourth Quarter Results

Apple PR:

The Company sold 17.07 million iPhones in the quarter, representing 21 percent unit growth over the year-ago quarter. Apple sold 11.12 million iPads during the quarter, a 166 percent unit increase over the year-ago quarter. The Company sold 4.89 million Macs during the quarter, a 26 percent unit increase over the year-ago quarter. Apple sold 6.62 million iPods, a 27 percent unit decline from the year-ago quarter.

Net profit is $6.62 billion, up from $4.31 billion a year ago.

Good numbers, but for once they fell short of analyst expectations. Note though, that Apple didn’t miss its own guidance — just the pulled-out-of-thin-air consensus guidance of Wall Street analysts.

Update: The stock price is down almost 7 percent in after-hours trading; probably a good time to buy.

★ Tuesday, 18 October 2011