Apple: Fourth-Quarter Produces $8.2 Billion in Net Profit
Posted 10/25/2012 at 5:33pm
| by Matt Clark

Fresh off a couple of exciting months of product announcements, Apple has reported a record fourth-quarter. Amazingly, the company now has over $121 billion in cash--that's cash money. Excuse me while I envision Tim Cook diving into a room of coins, like in the beginning of DuckTales.
Apple held its fourth-quarter financial results conference call this afternoon, going over what is for all intents and purposes some staggering figures. The company's fiscal year 2012 fourth-quarter ended on September 29.
Cupertino's quarterly revenue was $36 billion, with a net profit of $8.2 billion. Net profit in the fourth-quarter of fiscal year 2011 was $6.6 billion, comparatively. Apple made $41 billion for fiscal year 2012. For obvious reasons, CEO Tim Cook is pleased.
"We’re very proud to end a fantastic fiscal year with record September quarter results," said Cook, via press release. "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."
Obviously, with the iPhone 5 releasing just prior to the end of the fourth quarter, it's hardly a factor in these revenue figures. Moreover, the iPad mini and new iMac line won't impact the company's income until the first quarter of 2013 financial results.
"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," said Apple CFO peter Oppenheimer.
Apple will also issue a cash dividend to shareholders of $2.65 per share on November 15. While Apple sounds awfuly happy with its recent financial results, stockholders are apparently not entirely satisfied. Apple shares have fallen in recent months, and finally wnet under the $600 mark for the first time since July.
26.9 million iPhones and 14 million iPads were sold during the fourth-quarter. The company also sold 4.9 million Macs and 5.3 million iPods.
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