Friday, 26 October 2012

Apple earnings revealed

Buoyed by sales of the iPhone and iPad, the company reported revenue of $36 billion and profits of $8.2 billion, or $8.67 per share, for the quarter ended September 29.
Wall Street expected Apple to report $35.80 billion in sales, with earnings per share of $8.75. Apple's own forecast for the quarter was $34 billion, with earnings per share of $7.65.
"We're very proud to end a fantastic fiscal year with record September quarter results," Apple CEO Tim Cook said in a statement. "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.Apple sold 26.9 million iPhones, exceeding Wall Street's estimate of 25 million, and up 58 percent from the same quarter last year. The company did not disclose how many of that tally were iPhone 5s. The product was only on sale for nine days before the quarter ended.
"Apple said that international sales made up 60 percent of the company's revenue from the quarter. That's down 2 percent from the previous quarter, and 3 percent from the same quarter a year ago.

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