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Apple's earnings for Q4 2011 are out, and the company has fallen short of expectations. It still managed to rake in $28.27 billion during the quarter -- up from $20.3 billion in Q3 2010 -- but that's quite a bit short of the $29.69 billion analysts were counting on. Net profits came in at $6.62 billion, up considerably from the $4.3 billion seen in the same quarter last year. The company also announced that 17.07 million iPhones during the quarter (a 21 percent jump from a year ago), along with 11.12 million iPads (a whopping 166 percent increase year-over-year), 4.89 million Macs, and 6.62 million iPods (once again the one area that continues to decline, now down 27 percent from a year ago). Press release is after the break.
The company's earnings call is starting shortly -- stay tuned here for updates.
*Developing...*
Continue reading Apple Q4 earnings fall short of expectations: $28.27 billion in revenue, $6.62 billion net profit
Apple Q4 earnings fall short of expectations: $28.27 billion in revenue, $6.62 billion net profit originally appeared on Engadget on Tue, 18 Oct 2011 16:40:00 EDT. Please see our terms for use of feeds.
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