Apple's Financial Results for Q4 2010: Record Revenues and Profit, Again
Article by George Norman
On 19 Oct 2010
Cupertino-based company Apple just reported its financial reports for Q4, its fourth fiscal quarter which ended on the 25th of September, 2010. Apple reporded record revenues and profits, just like it did in Q3. For Q4 Apple reported total revenues of $20.34 billion and a net quarterly profit of $4.31 billion – that’s $4.64 per diluted share.

To better put things in perspective, here are Apple’s financial results for Q4 2009: total revenues – 12.21 billion; net quarterly profit – 2.53 billion or 2.77 per diluted share. And here are Apple’s financial results for Q3 2010: total revenues for Q3 - $15.7 billion; net quarterly profit for Q3 - $3.25 billion or $3.51 per diluted share.

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Getting back to Q4 2010, during this fiscal quarter Apple sold 3.89 million Macs, 14.1 million iPhones, 9.05 million iPods, and 4.19 million iPads. During Q3 the company sold 3.47 million Macs, 8.4 million iPhones, 9.41 million iPods, and 3.27 million iPads.

“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,” commented Apple’s Chief Executive Officer, 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.”

“We’re thrilled with the performance and strength of our business, generating almost $5.7 billion in cash flow from operations during the quarter,” commented Apple’s Chief Financial Officer, Peter Oppenheimer. “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.”

In related news, you may want to know what Mountain View-based search engine giant Google reported the financial results for its Q3 fiscal quarter which ended on September 30. For Q3 Google reported total revenues of $7.29 billion. Read more about this here.



Tags: Apple, Revenues, Profit, Q4 2010
About the author: George Norman
George is a news editor.
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