Apple Sold 17 million iPhones Last Quarter, but Missed Analyst Mark

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While we’ve heard about Apple selling over 4 million iPhone 4S devices within the first three days of sales, the Cupertino company announced some new numbers for units shipments and profits yesterday. 

Apple iPhone 4SApple revealed its financial results for its fiscal 2011 fourth quarter, which ended on Sept. 24. According to the report the company sold 17.07 million iPhones in the period, representing 21% unit growth over the year-ago quarter. In addition, Apple sold 11.12 million iPads, signifying a 166% increase over the year-ago quarter. As for Macs, the company sold 4.89 million devices, experiencing a 26% unit increase over the year-ago quarter. 

The iPhone maker posted a quarterly revenue of $28.27 billion and a quarterly net profit of $6.62 billion, compared to the year-ago revenue of $20.34 billion and net quarterly profit of $4.31 billion. Compared to last year’s gross margin of 36.9% in the fourth quarter, Apple jumped to a 40.3% margin. 

While the company, which recently lost co-founder Steve Jobs after his battle with cancer, made a significant amount of money this past quarter, Apple’s share price is likely to go down today, as the company did not reach analysts’ expectations. With rumors of an iPhone launch in late August or early September, analysts expected quarterly revenue of $29.4 billion. However, Apple only launched the iPhone 4S on Oct. 14, missing the fourth quarter deadline. Analysts expected the company to have a profit of $7.28 per share, instead of $7.05 per share. 

 

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