Company News: Page (1) of 1 - 10/19/11 Email this story to a friend. email article Print this page (Article printing at page facebook Apple's Profit is $6.62 Billion in Q3

(October 19, 2011)
Hong Kong, Oct 19, 2011 - (ACN Newswire) - According to the recent research of, as consumers delay in purchasing Apple's mobile phones before the launch of the new iPhone, Apple's profit and revenue in the fourth fiscal quarter of 2011 did not meet analysts' expectations. The closing price of Apple's stock in the New York Stock Exchange was $ 422.24 and it decreased 5.9% in the after-hours trading. ( reports that in the fourth fiscal quarter of2011, Apple's profit was 6.62 billion U.S. dollars with earnings per share of $ 7.05. The profit at the same period of the last year was 4.31 billion U.S. dollars with earnings per share of $ 4.64. The revenue in the fourth quarter was $ 28.3 billion. reports that the analysts had predicted that Apple's fourth-quarter profit to be $ 7.31 per share and the revenue to be 29.6 billion dollars.

The analysts of also point out that Apple's fourth-quarter sales of iPhone are 17.07 million units, below analysts' expectations. According to the survey, analysts forecast the fourth-quarter sales of Apple's iPhone were 20 million units. Apple's fourth-quarter gross margin was 40.3%, while last year's gross profit margin was 36.9%.

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