26.9M iPhones, 14M iPads Sold During Q4 2012, Net Profit $8.2B

At the Apple's Q4 earnings call, CEO Tim Cook announced that the Company posted quarterly revenue of $36.0 billion and quarterly net profit of $8.2 billion, or $8.67 per diluted share during the fourth quarter ended September 29, 2012. "We're pleased to have generated over $41 billion in net income and over $50 billion in […]

At the Apple's Q4 earnings call, CEO Tim Cook announced that the Company posted quarterly revenue of $36.0 billion and quarterly net profit of $8.2 billion, or $8.67 per diluted share during the fourth quarter ended September 29, 2012.

"We're pleased to have generated over $41 billion in net income and over $50 billion in operating cash flow in fiscal 2012," said Peter Oppenheimer, Apple's CFO.

"We're very proud to end a fantastic fiscal year with record September quarter results," said Cook. "We're entering this holiday season with the best iPhone, iPad, Mac and iPod products ever, and we remain very confident in our new product pipeline," he added.

"Looking ahead to the first fiscal quarter of 2013, we expect revenue of about $52 billion and diluted earnings per share of about $11.75," Oppenheimer added.

Apple's Board of Directors has declared a cash dividend of $2.65 per share of the Company's common stock.

Cook also said, that the Company has sold

  • "26.9 million iPhones in the quarter, representing 58 percent unit growth over the year-ago quarter.
  • Sold 14.0 million iPads during the quarter, a 26 percent unit increase over the year-ago quarter.
  • Apple sold 4.9 million Macs during the quarter, a 1 percent unit increase over the year-ago quarter.
  • Company now has up to 190 million iCloud users, an increase of 40 million users since it last updated us on the progress of the service in Q3. Back in July, Apple said the service was at 150 million users--up 25 million in three months since they reported 125 million users in April.
  • iOS 6 on over 200 million devices
  • And, that Apple sold 5.3 million iPods, a 19 percent unit decline from the year-ago quarter," he said.

Other tid-bits:

  • Revenue $2.1 billion iTunes revenue for the quarter
  • 18 new stores opened during the quarter
  • 390 stores now on tap, 140 outside of US
  • 121.3B in cash for Apple
  • sold 1.3M Apple TVs, 5M Apple TVs during 2012 fiscal year. "It still has the hobby label, however, it's a beloved hobby."

On Maps, Cook said, "We will work nonstop to make sure Maps reaches are incredibly high standards."

Cook when asked about the Microsoft Surface, called it "a fairly compromised, confusing product," and he compared it to a car that flies and floats:

""I haven't personally played with a Surface.. what we're reading is that it's a fairly compromised, confusing product. The toughest thing you do is trade-off.. deciding what a product should be. I suppose you could design a car that could fly.. I don't think it would do it well. I think people when they look at the iPad vs other offerings, I think they will choose iPad. I think they've done this to date and will continue to do this."

"The demand for iPhone 5 is extremely robust," Cook said, noting that "iPhone 5 is still seeing delays but supplies are getting better," he said.

He also said that the iPad mini is not a 7-inch tablet because Apple does not "think they're good products."

Cook specifically stressed the 7.9-inch screen size of the iPad mini provides 35 percent more screen area than the 7-inch competition:

"Comments Steve made before about 7-inch tablets… we would not make one of the 7-inch tablets… we don't think they're good products and we would never make one…I'm not sure if you saw our keynote… the difference in just the real estate size in the 7.9-inch, almost 8… when you look at the usable area… its 60 to 70% the iPad mini has the same numb of pixels as iPad 2… you have access to all 275,000 apps… iPad mini is not a comprised product like the 7-inch tablets. It's in a whole different league"

As per last week's directons from a U.K. court , Apple posted an public apology to Samsung

Britain Court of Appeal upheld a previous ruling that Samsung's Galaxy Tab does not infringe on the iPad's patents because it is not "as cool." And, directed Apple to apologize to Samsung by running ads on its website and in newspapers saying Samsung did not infringe on patents in at least Arial 14 font.

"The extreme simplicity of the Apple design is striking. Overall it has undecorated flat surfaces with a plate of glass on the front all the way out to a very thin rim and a blank back. There is a crisp edge around the rim and a combination of curves, both at the corners and the sides. The design looks like an object the informed user would want to pick up and hold. It is an understated, smooth and simple product. It is a cool design," quoted from Apple's site.

Here is the Apple's apology in its entirety:

apple posts public apology to samsung after losing in appeals court in the u.k.

Apple is reported of preparing an online radio service to rival Pandora in 2013. To this end, executives from Universal Music Group, Warner Music Group Corp, and Sony Corp's music division recently met with Apple at the company's Cupertino headquarters to discuss radio plans, reports Bloomberg.

According to Bloomberg: "With sales of music downloads slowing, Apple and record companies are seeking new ways for customers to discover and buy digital music."

Talks are centered in part around how to share ad revenue and a deal could be reached by mid-November, with Apple starting a service within the first three months of 2013, said the people, who asked not to be named because discussions are still in progress.