Apple (AAPL) Q4 Results Looked Impressive, But Shares Fall More Than 6%

October 18, 2010 4:56 PM EDT
Apple Inc. (NASDAQ: AAPL) posted better-than-expected results for the fourth quarter on Monday, due to strong sales of its iPad and iPhone, but shares are down after resuming trade

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.

“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.”

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.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories


Related Entities

Steve Jobs, iPhone 4, Earnings