Apple Reports “Best Quarter Ever”

Apple unveiled their fourth quarter financial results earlier today, which – as expected – was the best quarter in the company’s history. They generated $20 billon in revenue and $4 billion in earnings, both an all time high. They expect to increase their quarterly revenue by three billion next quarter, a feat that would require another iPad-like success, so they must have something big up their sleeve  - a Verizon iPhone is my guess. The quote “We still have a few surprises left for the remainder of this calendar year” is typical Apple hype, and it could be referring to a number of things other than a new iPhone, including OS X 10.7 or a new Macbook Air.

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.

The entire audio of the hour-long conference call can be streamed from Apple’s website, and you can listen to Jobs’ speech against Android here. It’s definitely worth a listen.


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