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Apple Reports Big 4Q Sales Gain
Nov 1, 2012
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Apple's fiscal 2012 fourth quarter ended Sept. 29, 2012, with the electronics giant reporting quarterly revenue of $36.0 billion, up from of $28.3 billion in 4Q fiscal 2011, and quarterly net profit of $8.2 billion, up from $6.6 billion.

Gross margin was 40.0%, compared to 40.3% in a year ago. International sales accounted for 60% of the quarter's revenue.

Apple sold 26.9 million iPhones in the quarter, up 58% in units from the same quarter a year ago. The company sold 14.0 million iPads during the quarter, up 26%. It sold 4.9 million Macs, up 1%. iPod sales were down to 5.3 million units, for a 19% unit decline, as consumers increasing turn to iPhones to play media.

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

"We're pleased to have generated over $41 billion in net income and over $50 billion in operating cash flow in fiscal 2012," said Peter Oppenheimer, Apple's CFO. "Looking ahead to the first fiscal quarter of 2013, we expect revenue of about $52 billion and diluted earnings per share of about $11.75."

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