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Earnings: Apple Q4 Revs Jump 28 Percent; Earnings Up 67 Percent; iPhone Sales Hit 1.1 Million

iPhone sales of 1.1 million helped push Apple (NSDQ: AAPL) revenues up 28 percent in Q4 to 6.22 billion from $4.84 billion in the year-ago period. Earnings during the quarter soared 67 percent to $904 million, or $1.01 per share, from $542 million, or $.62 per share, a year ago. Sales of the iPhone totaled 1.39 million through the end of the quarter; the company also sold 10.2 million iPods and 2.1 million Mac computers, for growth of 17 percent and 34 percent respectively.

— Gross margin in the quarter hit 33.6 percent, up from 29.2 percent a year ago.

— International sales now account for 40 percent of total revenue.

Release | Webcast | Transcript (via SeekingAlpha)

Conference Call: It was a pretty easy call for CFO Peter Oppenheimer, who kicked off the call by listing all of the records the company broke during the quarter. In addition to the strong sales growth, the company was helped by a higher margin product mix, the weak dollar, lower commodity prices and more direct sales. It also enjoyed a lower-than-normal tax rate during the quarter, which will not be present going forward. He said the company is still on track to sell its first iPhones in Europe next month and that it’s sticking by its prediction of 10 million iPhones sold next year. As for the iPhones already sold, Oppenheimer noted that it took the company two years to sell as many iPods. Looking to next quarter, the company expects to do revenue of $9.2 billion, 29 percent higher than last year’s mark.

One Response to “Earnings: Apple Q4 Revs Jump 28 Percent; Earnings Up 67 Percent; iPhone Sales Hit 1.1 Million”

  1. Aaaahhhhh........

    Love them or hate them, you have to admit that Apple is one of the best when it comes to selling a product to people. They either create what people want or they tell you what you want. It should come as no surprise that the Directors at Apple have years of experience selling everything from vacations to movies to jeans . This is partially what makes the company so good at sales. With numbers like these the holidays can't get here soon enough. Not to mention the fact that the iPhone will soon go on sale in Europe, Asia, and Australia.