Apple disappoints Wall St with another record-breaking quarter

by Kenny Hemphill on October 25, 2012

Apple has announced that it made $8.2bn profit in the June-September quarter, an increase of 23% over the same quarter last year. Revenue for the period, Apple’s financial fourth quarter, was $36bn, up from $28.3bn a year ago, and matched Wall St expectations.

Much of the increase in revenue and profit was down to iPhone sales, which grew by 58%, to 26.9m units, and sales of the iPad, which were up 26% to 14m. That figure, however, disappointed analysts, who had predicted higher iPad sales, along with a larger profit figure.

Mac sales rose slightly, by 0.6%, to 4.9m, while iPod sales continued to slide, by 19% to 5.3m.

‘We’re very proud to end a fantastic fiscal year with record September quarter results,’ said Apple CEO, Tim Cook. ‘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.’

Apple also announced that its shareholder dividend for the quarter would be $2.65.

Traders weren’t sure what to make of Apple’s earnings, as its stock first rose slightly in after-hours trading, then dropped sharply by 4%, before clawing back most of the losses to show a drop of 1.5%, according to Reuters.

For more breaking news and reviews, subscribe to MacUser magazine. We'll give you three issues for just £5
  • Anonymous

    Tim

    It’s the Christmas season, not ” holiday ” season OK

  • Anonymous

     only for christians… for the rest of us it is a holiday only !!

    actually it was originally Saturnalia but was stolen and used by christians for the (alledged) day of birth of their christ, who was never actually born on that day, so it was actually stolen for a lie ??

Previous post:

Next post:

>