Mac rocks Apple’s Q4 [u]

October 18, 2011

Upon hearing that Apple posted a net profit of $6.62 billion on revenues of $28.27 billion, or $7.05 per share, “investors” prompted sent AAPL lower — go figure. The company beat its own guidance, but fell short of analyst expectations. What’s up with that? Consumers held off buying ahead of the iPhone 4S and that led to the “disappointing” results.

The company that Steve Jobs built has announced results for their fiscal fourth quarter of 2011. Thereupon, pretty much any reasonable observer would surmise that Cupertino killed it again with revenues up nearly 40 percent and profits up more than 50 percent.

“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.”

Here’s a quick look at the numbers:

      • 17.07 million iPhones, up 21 percent
      — Asia Pacific sales double y-o-y
      — Generated $11.8 billion in revenue
      — 230 carriers in 105 countries
      — 93 percent of the Fortune 500 testing or deploying
      — App Store available in 123 countries, 500,000-plus apps available

      • 11.12 million iPads, up 166 percent (!!!)
      — Available in 90 countries
      — $6.9 billion in revenue, up 146 percent
      — 92 percent of the Fortune 500 testing or deploying
      — iPad, iPhone, iPod touch units have surpassed 250 million

      • 4.89 million Macs, up 26 percent
      — Asia Pacific grew 61 percent
      — Portables represent 71 percent of the mix
      — 6 million Lion downloads in Q4

      • 6.62 million iPods, down 27 percent
      — iPod touch accounts for over half of units sold
      — iPod takes 79 percent of the market
      — iTunes Store generate $1.5 billion
      — 16 billion songs sold to date
      — 180 million iBooks sold to date

      • Gross margin was 40.3 percent vs. 36.9 percent

      • International sales accounted for 63 percent of revenue

      • Apple ended the quarter with $81 billion in cash, $54 bill offshore

Again, investors sent AAPL lower by nearly $28 by the close of trading today. AAPL closed on Tuesday under $400.

Tim Cook’s Apple is going down, man! Or, put another way, Apple sold 4 million iPhone 4Ses over the weekend, which is about one-quarter of last quarter’s disappointing September sell through.

Whatever. The Mac has been and continues to kill it, growing faster than the PC market for nearly six continuous years and, if you add in iPad units (it’s a frickin’ computer already), Apple’s already the world’s biggest computer maker…

What’s your take?

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