Apple Posts Record Revenues & Profits For Q4 2011

Apple Posts Record Revenues & Profits For Q4 2011

Apple has just released their Q4 2011 earnings prior to their conference call at 2 p.m. PT. Apple reports a quarterly revenue of $28.27 billion and a quarterly net profit of $6.62 billion, setting new records for the company.

Also announced in the press release were their product sales figures. Apple sold 4.89 million Macs, 17.07 million iPhones & 11.12 million iPads sold in Q4, which is an all-time record for both Macs and iPads, and the only decline was in iPod sales, which rang in a 6.62 million (a 27 percent decrease from Q3 2010).

Apple CEO Tim Cook has offered the following statement in response:

We are thrilled with the very strong finish of an outstanding fiscal 2011, growing annual revenue to $108 billion and growing earnings to $26 billion. Customer response to iPhone 4S has been fantastic, we have strong momentum going into the holiday season, and we remain really enthusiastic about our product pipeline.

Further, according to Apple, international sales contributed to 63% of this quarter’s earnings. Below are a few notable highlights from the conference call:

  • The iPod touch still accounts for half of all iPods sold.
  • There are currently 500,000 apps available in the App Store, & the App Store now reaches 123 countries.
  • Apple opened 30 new retail stores in Q4 2011, and has made $3.6 billion in revenue from retail stores.
  • Apple currently has $81.6 Billion in cash reserves
  • Over 6 million copies of OS X Lion have been downloaded
  • Apple has sold over 180 million iBooks
  • 205 million iOS devices were sold in Q4 2011
  • Tim Cook: The tablet market will be larger than the PC market
  • Apple expects to achieve all-time record iPhone sales for the holiday quarter
  • Tim Cook: The number of people using Siri already is amazing. We see this as a profound innovation. Over time many, many people will use Siri in a substantial way.
  • Tim Cook: We could not be happier with our position in the tablet market. We have some incredible things in the pipeline.