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Oct182010

Apple Records $4.31 Billion Profit for Q4 2010 On $20.34 Billion Revenue

Apple today announced financial results for the third calendar quarter and fourth fiscal quarter of 2010. For the quarter, Apple posted revenue of $20.34 billion and net quarterly profit of $4.31 billion, or $4.64 per diluted share, compared 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.

Gross margin was 36.9%, compared to 41.8% in the year-ago quarter, and international sales accounted for 57% of the quarter’s revenue.

Apple shipped 3.89 million Macintosh computers during the quarter, a unit increase of 27% over the year-ago quarter. Quarterly iPhone unit sales reached 14.1 million, up 91% from the year-ago quarter, and the company also sold 9.05 million iPods during the quarter, representing 11% unit decline over the year-ago quarter. Apple also sold 4.19 million iPads during the quarter.

[Source]

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