Apple announces record Q4 2010 results, best ever despite iPad sales

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.

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