Apple (AAPL) Q4 Results Impress; Revenue Jumps 67%

October 18, 2010 4:39 PM EDT
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Apple Inc. (NASDAQ: AAPL) posted better-than-expected results for the fourth quarter on Monday, due to strong sales of its iPad and iPhone.

The personal computer and mobile communications and entertainment device maker reported fourth-quarter profit of $ billion, or $4.64 per share.

Revenue for the company soared 67 percent in the period to $20.34 billion in the period.

On average, analysts had been looking for earnings of $4.06 per share on sales of $18.86 billion in the quarter.

The company said that it sold sold 9.05 million iPod's during the quarter, 14.1 million iPhones, 4.19 million iPads, 3.89 Macs.

Gross margin for the company in the quarter was 36.9.

Looking forward the company sees first-quarter earnings of about $4.80 per share, compared to the market consensus of $5.04 per share on sales of $23 billion, compared to the consensus of $22.22 billion.

UPDATE: Click here to see some highlights from Apple's Q4 conference call.

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