Apple Fourth Quarter Results Great But Disappoint Wall Street

by Darcie | Friday, Oct 26, 2012 | 692 views

Apple Inc. (NASDAQ:AAPL) has reported record revenue and profit for its fourth quarter ended September 29, 2012. For the full twelve months, revenues were up 45%, net income was up 61% and fully diluted earnings per share were up 60%.

Unaudited financial statements filed with the SEC can be found here.

For the quarter, Apple reported selling 26.9 million iPhones (58% unit growth), 14.0 million iPads (26% unit growth), 4.9 million Macs (1% unit growth) and 5.3 million iPods (19% unit decline).

Apple also reported that its Board of Directors had declared a cash dividend of $2.65 per share.

Statements in the announcement included: “We’re very proud to end a fantastic fiscal year with record September quarter results,” said Tim Cook, Apple’s CEO. “We’re entering this holiday season with the best iPhone, iPad, Mac and iPod products ever, and we remain very confident in our new product pipeline.”

In spite of revenues and earnings that were better than company guidance, many analysts were disappointed in earnings – even though they were only slightly below consensus forecasts. iPad unit sales were also below Wall Street expectations. Apple blamed the lower than expected iPad sales on consumers delaying purchases based on expectations of new models.

AAPL fell slightly in after-hours trading, but was recovering in the first few minutes of pre-market trading.

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