Investors are still trying to figure out how to react to Apple's
Q4 financial results for its fiscal year that ended in September. Apple posted quarterly revenue of $37.5 billion and a profit of $7.5 billion, or $8.25 per diluted share, compared to revenue of $36 billion and a profit of $8.2 billion, or $8.67 per diluted share, in the same quarter a year ago. In other words, revenue is up but profit is down, albeit the company is still making an obscene amount of money.
Apple sold 33.8 million iPhone devices during its financial fourth quarter, the most ever for that particular time period, and up from 26.9 million iPhone sales during the same quarter a year ago. The Cupertino outfit also sold 14.1 million iPads, up slightly from 14 million last year, and 4.6 million Macs, down from 4.9 million a year ago.
"We’re pleased to report a strong finish to an amazing year with record fourth quarter revenue, including sales of almost 34 million iPhones," said Tim Cook, Apple’s CEO. "We’re excited to go into the holidays with our new iPhone 5c and iPhone 5s, iOS 7, the new iPad mini with Retina display and the incredibly thin and light iPad Air, new MacBook Pros, the radical new Mac Pro, OS X Mavericks and the next generation iWork and iLife apps for OS X and iOS."
Apple's stock ended the day up 0.74 percent, then declined by 5 percent in after hours trading. It's since bounced back up a bit, though is still down around 2 percent compared day's end.
Looking ahead, Apple expects to post revenue between $55 billion and $58 billion for its first 2014 fiscal quarter. That will depend in part on how well received Apple's newly announced products are, including the iPad Air
, iPad mini with Retina display, and Mac Pro