Apple has just announced its earnings for Q4 2011 (that’s up until the end of September), and with a quarterly revenue of $28.27 billion and quarterly net profit of $6.62 billion, that’s the highest September quarter revenue and profit ever. This time last year, it was $20.34 billion and $4.31 billion respectively, and this shows in the incredible 54% growth in earnings.
So why has AAPL dropped in after hours trading? Because they didn’t quite hit what Wall Street was hoping, so they suffered a $27 (6.4%) drop after closing.
The problem was mostly in iPhones. While up 21% from a year ago with 17.07 million sales, this was less of an increase than in previous quarters as many people opted to wait for the iPhone 4S rather than buy the iPhone 4.
Apple also sold 11.12 million iPads (up 166% from last year), 4.89 million Macs (up 26%) and 6.62 million iPods (down 27%).
For Q1 2012, Apple’s CFO Peter Oppenheimer said “looking ahead to the first fiscal quarter of 2012, which will span 14 weeks rather than 13, we expect revenue of about $37 billion and we expect diluted earnings per share of about $9.30.”
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