Apple released its financial results today for its fiscal 2010 fourth quarter ended September 25, 2010.
Apple sold 3.89 million Macs during the quarter, a unit increase of 27 percent over the year-ago quarter. Quarterly iPhone sales reached 14.1 million, up 91 percent from the year-ago quarter. Apple also sold 9.05 million iPods during the quarter, an 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.”
The Company posted record revenue of $20.34 billion and net quarterly profit of $4.31 billion, or $4.64 per diluted share. These results compare 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.
Apple's results crushed expectations as usual. The company's forward looking guidance suggests it's in for a strong holiday season. However, despite the strong results, Wall Street expected more iPad shipments. Some analysts had suggested that Apple would ship over 5 million devices however Apple shipped 4.19 million.
Due to the weak iPad sales, Apple's stock is currently trading down 5% in after hours on the NASDAQ stock exchange.