Apple Announced $20b Revenue and $4b Profit in Q4 StatementBy Dipankar Das, Gaea News Network
Tuesday, October 19, 2010
Apple beat the earnings estimates just like last quarter. The company posted new record of $20.34 billion in revenue and $4.31 billion in profit. EPS is $4.64. The company posted revenue of $12.21 billion with a profit of $2.53 billion ($2.77 EPS) about a year ago. Gross margin dropped to 36.9 percent which is down from 41.8 percent a year ago.
The key products that are sold are: 3.89 million Macs during the quarter, 14.1 million iPhones, 9.05 million iPods, and 4.19 million iPads. This is a new record for the company other than iPod. The number of iPhones sold is very striking here. CEO Steve Jobs also said that Apple sold 2 million more iPhones last quarter than RIM sold BlackBerry. The record further revealed that Apple sold more iPad than Mac this time.