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Apple FY 11 Q4 Earnings Set to Be Released

Later today, Apple will report its earnings for its fiscal year 2011, fourth quarter. It’s hard to imagine that it won’t have been an impressive quarter. In its FY 11 Q3 report in July, Ap...
Apple FY 11 Q4 Earnings Set to Be Released
Written by Chris Crum
  • Later today, Apple will report its earnings for its fiscal year 2011, fourth quarter. It’s hard to imagine that it won’t have been an impressive quarter.

    In its FY 11 Q3 report in July, Apple posted revenue of $28.57 billion for the quarter with a net profit of $7.31 billion (for the same quarter last year, they had $15.70 billion revenue with $3.25 billion in net profit). It was the highest quarterly revenue and earnings in Appleā€™s history. It was also record-setting for iPhone and iPad sales.

    In that report, they announced that they had sold 20.34 million iPhones, 9.25 million iPads, 3.95 million Macs, and 7.54 million iPods during the quarter.

    Financial analysts are predicting that Apple will report another record quarter. This would hardly be a shock.

    There will be a live webcast of the company’s earnings conference call beginning at 5:00 PM EDT. It will be available as a continuous rebroadcast.

    Apple is already off to a good start for its next earnings report too, I’d say. This week, the company announced that it had sold 4 million iPhone 4S devices in its first 3 days of availability. That’s probably a good sign.

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