Apple posts highest revenue and earnings in company history, $20.34 billion in Q4 revenue

By on Oct 18, 2010 at 4:36 PM
Breaking October 18, 2010

Apple, Inc. has just posted their Q4 2010 results, and what results they are. The company reported $20.34 billion in revenue and $4.31 in quarterly profits; that’s $4.46 per diluted share.

“We are blown away to report over $20 billion in revenue and over $4 billion in after-tax earnings—both all-time records for Apple,” said Apple’s CEO, Steve Jobs. “iPhone sales of 14.1 million were up 91 percent year-over-year, handily beating the 12.1 million phones RIM sold in their most recent quarter. We still have a few surprises left for the remainder of this calendar year.”

The Cupertino company also sold 3.89 million Macs (a 27% increase year-over-year, 4.19 million iPads, and 9.05 million iPods (an 11% decline year-over-year). Apple also noted that international sales accounted for roughly 57% of the company’s business. Yikes. The full press release is after the break.

Apple Reports Fourth Quarter Results

Record Mac, iPhone and iPad Sales

Highest Revenue and Earnings Ever
CUPERTINO, California—October 18, 2010—Apple® today announced financial results for its fiscal 2010 fourth quarter ended September 25, 2010. The Company posted record revenue of $20.34 billion and net quarterly profit of $4.31 billion, or $4.64 per diluted share. These results compare to revenue of $12.21 billion and net quarterly profit of $2.53 billion, or $2.77 per diluted share, in the year-ago quarter. Gross margin was 36.9 percent compared to 41.8 percent in the year-ago quarter. International sales accounted for 57 percent of the quarter’s revenue.

Apple sold 3.89 million Macs during the quarter, a 27 percent unit increase over the year-ago quarter. The Company sold 14.1 million iPhones in the quarter, representing 91 percent unit growth over the year-ago quarter. Apple sold 9.05 million iPods during the quarter, representing an 11 percent unit decline from the year-ago quarter. The Company also sold 4.19 million iPads during the quarter.

“We are blown away to report over $20 billion in revenue and over $4 billion in after-tax earnings—both all-time records for Apple,” said Steve Jobs, Apple’s CEO. “iPhone sales of 14.1 million were up 91 percent year-over-year, handily beating the 12.1 million phones RIM sold in their most recent quarter. We still have a few surprises left for the remainder of this calendar year.”

“We’re thrilled with the performance and strength of our business, generating almost $5.7 billion in cash flow from operations during the quarter,” said Peter Oppenheimer, Apple’s CFO. “Looking ahead to the first fiscal quarter of 2011, we expect revenue of about $23 billion and we expect diluted earnings per share of about $4.80.”

Apple will provide live streaming of its Q4 2010 financial results conference call beginning at 2:00 p.m. PDT on October 18, 2010 at http://www.apple.com/quicktime/qtv/earningsq410/. This webcast will also be available for replay for approximately two weeks thereafter.

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  • Marco

    14.1 million iPhones sold, with 90% of people complaining and bitching about reception issues… LOL

    Apple suckers… ENJOY your iPhone Lemon!

    • TheOtherGeoff

      I complain, but I complain to ATT. my only complaint to Apple wrt the iPhone 4 is the calendar should allow for ‘phone’ meetings and dial the number for me when it prompts me for a meeting.

      As an AAPL stock holder since 2006… I smile when I think of my iPhone4 and the 14.1 at $600/per being sold, and looking for another 3-4X growth on investment.

    • CommonSense

      By all of your posts it is clear that you are an idiot Marco

  • i told you so .com

    not bad though HP posted net revenue of $30.7 billion, up 11.4%, or $3.1 billion, from a year earlier soooooooo looks like Palm is under a giant image what the products will look like at CES 2011 3 form factor smartphones, the palm pad with omap4440 processor boasting 1.5ghz…….HP/PALM is still the future get innovated.

    • Mark

      What’s Palm?

  • wanderer

    Whats going on? This can’t be……but the fandroids tell me from all apple postings that they are going bankrupt. Unbelievable…..this has to be false like everything positive about apple. Maybe next quarter then. Please note the sarcasm.

    • Marco

      “Speaking during the company’s Q4 conference call, Apple CEO Steve Jobs revealed that the App Store has cracked 300,000 in available in apps. The number was initially thought to have been hit by Saturday, but statistics later suggested that Apple had only achieved closer to 279,000 by that point. The 250,000 mark was surpassed in late August.”

      So Apple hit 21,000 Apps in 2 days? Not so! Steve Jobs fudged the numbers as he always does… Like the 2% defect rate on iPhone 3G/3GS. It ended up being over 10x higher.

      Leave it to Jobs to lie…

      • Marco

        Ps It’s not an issue… lol

      • wanderer

        So, is apple filing for bankruptcy next quarter like apple haters predict? People have been predicting just about all apple products as fail, and frankly I’ve yet to see it. One device, one OS, one sub-par carrier and still coming out with numbers like that. Oh yeah, Android(which is an OS) on 30 something phones and multiple carriers and manufacturers, buy one take one free should surpass the sale of Iphones. You guys are missing the point, its what one phone has been achieving. Still waiting on the one, just one android phone to sell like the iphone. Ok, I’ll give 2 more years then since that’ll be the argument, the iphone had 2 years since the first android device came out. I may jump ship then.

  • MadSkillz

    Congrats to Apple.

    I gotta give it to them. They ignore the haters and just do their thing.

    For the short time I’ve been reading BGR comments, it has been overwhelmingly negative about Apple. I would hope the hate quiet down now.

  • Android

    I wish apple would go away. They make me antsy.

  • Alex

    I’m not surprised. Apple products are the most desired products in the market.

  • Mark

    Must be another Apple fail…what do you say fAndroids?

  • Moosebump

    Steve Jobs is embarassing.

    Why rant about why RIM is dead? how Android is a fail? Why tell us that 7″ tablets are DOA??

    Its because he has to train the sheep!! Apple knows that their biggest strength is their army of devoted followers who incessently promote Apple products. Its the best free sales force in the history of the world.

    So when some one says “Should I buy a BB?” the answer is “Baaah, RIM is not a software platform company”.

    Should I buy an Adroid phone? “Baaah, Integrated beats fragmented”

    Should I buy a 7″ tablet? “Baaahh, extensive testing reveals that 9.7″ is precisely the ideal size.”

    BTW, if you have to sand your fingers down to use a 7″ screen i guess you have to take a scalpel to them to use an iPhone.

    Good products, very well run company…but still embarassing.

    • wanderer

      Wow, still going with the sheep analogy huh? Thats getting old, Apple and Iphone owners are practically immuned to it now. Who’s embarassed? Maybe fandroids and haters are from their constant failed predictions.

      • Moosebump

        I use an iPhone and just bought one for my wife. I just find Steve and the whole Apple-is-so-wonderful-magical-crowd annoying.

    • Hockey88

      Your comments are spot on. It is, indeed, interesting how Steve Jobs criticizes other hardware manufacturers and “non-software” companies for providing choice (and supposed fragmentation), while continuing to promote his one size fits all “integrated” stance. We will see how long plain vanilla prevails over choice. Can you imagine if consumer choice was limited to 6 to 10 phones. Phone technology advancements would crawl along at a snail’s pace without choice. Choice should not be limited to mere color (MIA white phone) or storage size.

  • wanderer

    Seriously, believe it or not, I do like Android devices, just not enough to switch. In the long run, competition is a good thing to have for us consumers and android definitely is another option to the Iphone or iOS devices. Just give credit where credit is due and not refute articles coming from reputable sources automatically since its Apple. I agree, they didn’t invent it, but they take old and present techs and package it well. As much as I like Apple stuff ex. iphone4, I sure as hell would return it if I were not able to make a call on it. Like em’ or hate em’, they are the number one tech company right now, even their competition will acknowledge that. Its a matter of how long they can keep it up. Call it shrewd business in the tech sector, but everyone wants to be no. one.

  • Wonderer

    Great for Apple and China, not so good for the US and its workers.

  • wanderer

    @Wonderer, this is the most unfortunate part of all, American innovation but China made. Just about all our devices are made there. No easy solution to this one.

    Posted from BGR Mobile (iPhone).

    • VikzAtl

      American Innovation: YES
      China Made: YES
      Chinese Buying Iphones, Macs, in greater numbers than Americans: YES
      You too can own AAPL Stock and Enjoy: YES

  • http://webhostingreview.info/ Web Hosting Review

    Great going apple, they are making giant leaps!!..

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