Apple has had several major releases this year with one of them being the multi-faceted iPhone 4. The company has enunciated its fiscal 2010 fourth quarter ended September 25, 2010 financial results. Apple elucidated that it has witnessed a $20.34 billion record revenue and net quarterly profit of $4.31 billion or $4.64 per diluted share.
Last year’s quarter posted a revenue of $12.21 billion coupled with net quarterly profit of $2.53 billion, or $2.77 per diluted share. The gross margin accounted to 36.9 percent as compared to 41.8 percent in the year-ago quarter. Out of this quarter’s revenue 57 percent sales were attributed to international markets.
“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,” asserted 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.”
“We’re thrilled with the performance and strength of our business, generating almost $5.7 billion in cash flow from operations during the quarter,” stated Peter Oppenheimer, Apple’s CFO. “Looking ahead to the first fiscal quarter of 2011, we expect revenue of about $23 billion and we expect diluted earnings per share of about $4.80.”
With the freshly launched iPhone 4 added to its handset kitty, the company managed to sell 14.1 million iPhones displaying a 91 percent unit growth in excess of previous year’s quarter. It has sold 3.89 million Macs, 4.19 million iPads and 9.05 million iPods in this quarter.
The company showcases the live streaming of its Q4 2010 financial results conference call on its official website.