For the first time in six years or about 26 quarters, Cupertino-based Company Apple fell short of its expected profits. Forecasts may have been high but real-time profit didn’t quite make it. In its previous 19 quarters, Apple always rose above estimates by 28 percent.
In the aforementioned period, the Apple analysts were expecting or counting that $29.6 billion would be made. However, Apple’s profit was only recorded at $28.27 billion. The figures are still good though as this is an increase from the $20.3 billion it made back in the fourth quarter of 2010 (net profit at $6.62 billion from $4.3 billion last year).
As for the devices Apple is known for, its iPhones sold the most having 17.07 million units out (company’s analysts were expecting about 20 million of units to be sold) which translates to a 21 percent increase from last year. This is closely followed by iPads at 11.12 million which showed a staggering 166 percent increase from previous years. In third place are the iPods having 6.62 million sold units and the last would have to be the Macs at 4.89 million (increase in sales was propelled by back-to-school shopping).
On the other hand, cash and investments of Apple are now at $81.6 billion. Its gross profit margin meanwhile was at 40.3 percent (last quarter) compared to 36.9 percent a year ago.
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Tags: Apple, apple earnings, Apple Q4 Earnings 2011, Apple Q4 Earnings 2011 details, Apple Q4 Earnings 2011 good or bad
