Apple Reports $6.62 Billion In Fourth Quarter Profits

Apple Inc. (NASDAQ:AAPL) has announced the financial results for their fourth quarter ended September 24, 2011. Apple posted a quarter revenue of $28.27 billion and profit of $6.62 billion. During the same quarter a year before, Apple reported revenues of $20.34 billion and quarterly profit of $4.31 billion. Apple sold 17.07 million iPhones, 11.12 million iPads, 6.62 million iPods, and 4.89 million Macs in the quarter.

“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 Apple CEO Tim Cook. “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.”

This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at
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