Apple's Q4 profits surge 53.7%

- Wednesday, October 19, 2011

Apple's Q4 profits surge 53.7%

Apple (Nasdaq: AAPL) saw global net profits rocket 53.7% to reach US$6.62bn during the fiscal 4Q11, ended September 24, up from US$4.31bn in the year-ago quarter, the company said in a statement.

Global revenues reached US$28.3bn, surging 38.9% from US$20.3bn during the same quarter of fiscal 2010.

Apple sold 17.1mn iPhones during the quarter, representing 21% growth year-on-year, while iPads sales jumped 166% to 11.1mn units. The company sold 4.89mn Macs in the period, up 26% in the same comparison.

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However, the number of iPods sold during the quarter fell 27% to 6.62mn units.

In the Americas, the company sold 1.7mn Macs during the quarter, up 18% year-on-year. Revenues for the region increased 34% to US$9.65bn.

"Looking ahead to the first fiscal quarter of 2012, which will span 14 weeks rather than 13, we expect revenues of about US$37bn," said Peter Oppenheimer, Apple's CFO.

For the full fiscal year 2011, Apple achieved net profits of US$25.9bn, up 84.9%, and revenues of US$108bn, which represents a 65.9% increase over 2010.

Follow this link to see the full report.