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Apple Fourth Quarter Results $28.27 Billion
engine

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Msg#: 4376506 posted 11:51 am on Oct 19, 2011 (gmt 0)

Apple Fourth Quarter Results $28.27 Billion [apple.com]
Apple® today announced financial results for its fiscal 2011 fourth quarter ended September 24, 2011. The Company posted quarterly revenue of $28.27 billion and quarterly net profit of $6.62 billion, or $7.05 per diluted share. These results compare to revenue of $20.34 billion and net quarterly profit of $4.31 billion, or $4.64 per diluted share, in the year-ago quarter. Gross margin was 40.3 percent compared to 36.9 percent in the year-ago quarter. International sales accounted for 63 percent of the quarter’s revenue.

The Company sold 17.07 million iPhones in the quarter, representing 21 percent unit growth over the year-ago quarter. Apple sold 11.12 million iPads during the quarter, a 166 percent unit increase over the year-ago quarter. The Company sold 4.89 million Macs during the quarter, a 26 percent unit increase over the year-ago quarter. Apple sold 6.62 million iPods, a 27 percent unit decline from the year-ago quarter.

“We are thrilled with the very strong finish of an outstanding fiscal 2011, growing annual revenue to $108 billion and growing earnings to $26 billion,” said Tim Cook, Apple’s CEO. “Customer response to iPhone 4S has been fantastic, we have strong momentum going into the holiday season, and we remain really enthusiastic about our product pipeline.”


 

Leosghost

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Msg#: 4376506 posted 11:59 am on Oct 19, 2011 (gmt 0)

Apple® today announced financial results for its fiscal 2011 fourth quarter ended September 24, 2011

So ..Q4 is actually Q3 ..and thus, according to accountants ( at Apple® at least ) we are now in Q1 of 2012 !..the "reality distortion field" appears to be working as well, and even more profitably than ever.

incrediBILL

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Msg#: 4376506 posted 12:20 pm on Oct 19, 2011 (gmt 0)

@leosghost: note that it says FISCAL year, not calendar year, they don't have to coincide. Only around 65% of USA publicly traded companies have fiscal years that are actual calendar years so this isn't as uncommon as you might think.

Leosghost

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Msg#: 4376506 posted 12:26 pm on Oct 19, 2011 (gmt 0)

Our fiscal years begin 01.Jan..for all businesses..stops confusion/manipulation..and allows for true "level playing field" comparisons..Q4 in Q3 is bassackwards..

travelin cat

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Msg#: 4376506 posted 2:17 pm on Oct 19, 2011 (gmt 0)

"level playing field" ? There are many reasons to have your FYE on specific dates. There is no manipulation or confusion, that's why it's called fiscal, not calendar to eliminate confusion. The U.S. government FYE is September 30, so they are in the 1st quarter of 2012 as well.

I'd be happy to explain FIFO, PV, and EBIT to you as well. ;>)

Leosghost

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Msg#: 4376506 posted 2:58 pm on Oct 19, 2011 (gmt 0)

So that fact that Google's Q3 figures cover the same period as Apples Q4 fiqures makes sense to you ?

I understand what the US FYE is ..but the "rationalisation" for it is full of "logic holes ..that you are used to ..but which are "logic holes" ..nonetheless..

The fact that you use two different tears and have to give them two different names should give you a clue as to how ridiculous it is ..the UK has similar "non logical" accounting years ..I have companies there each of which has a diffrent "accountis made up date" at companies house ..and yet other different dates "for their end of year accounts"..none of which "dates" actually correspond to the calender year ..and then we have each one of them having their "annual returns" ..which for the initial period, after what you would think of as "incorporation" are not "annual" at all...

Bean counters and lawyers "pseudo logic"..designed to confuse, mystify and generally bamboozle..and thus more easily facilitate tricky accounting practices and fraud..

so they are in the 1st quarter of 2012

posted on the 19th of Oct 2011 ..you make my case for me :)

Presumably "non profits" get to use the Mayan calender..and " registered churches" are allowed the Talmudic, Gregorian, Islamic, Orthodox, or Pastafarian calender of their resident bean counters and "in the pocket politicians" choice etc ..:)

[edited by: Leosghost at 3:03 pm (utc) on Oct 19, 2011]

engine

WebmasterWorld Administrator engine us a WebmasterWorld Top Contributor of All Time 10+ Year Member Top Contributors Of The Month



 
Msg#: 4376506 posted 3:03 pm on Oct 19, 2011 (gmt 0)

Back on topic...

Apple Shares Fall After Failing To Hit Forecasts [bbc.co.uk]
However, its shares fell more than 5% in after-hours trading after fourth quarter iPhone sales were weaker than experts predicted. The new 4S model was launched after the period.

Overall revenues totalled $28.27bn for the three months. That was more than $1bn shy of Wall Street forecasts.



Wall Street takes no prisoners!

Leosghost

WebmasterWorld Senior Member leosghost us a WebmasterWorld Top Contributor of All Time 10+ Year Member



 
Msg#: 4376506 posted 3:10 pm on Oct 19, 2011 (gmt 0)

Staying on topic :)
Apple Shares Fall After Failing To Hit Forecasts[bbc.co.uk ] However, its shares fell more than 5% in after-hours trading after fourth quarter iPhone sales were weaker than experts predicted. The new 4S model was launched after the period.

Overall revenues totalled $28.27bn for the three months. That was more than $1bn shy of Wall Street forecasts.





Wall Street takes no prisoners!


I would have said Wall Street's greed has no boundaries nor do they have any shame..

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