Apple boosts Q4 profits by £4.5 billion


Apple sells 37.04 million iPhones and 15.43 million iPads during Q4 2011 to increase profits to £8.35 billion for the period

Apple increased its profits to £8.35 billion in the last quarter of 2011 compared to £3.84 billion in the year ago period, thanks mainly to sales of 37.04 million iPhones in the four months to December 31.

Sales of iPhones were boosted by the introduction of Apple’s iPhone 4S which ensured the company increased sales of the smartphone by 128 per cent compared to the same period in 2010.

Apple’s iPad sales also increased dramatically year on year, to 15.43 million worldwide – an increase of 111 per cent.

Sales of Mac computers also rose to 5.2 million up 26 per cent from Q4 2011, but sales of iPods declined 21 per cent to 15.4 million compared to the year ago period.

The company’s 361 Apple Store’s made an average of $10.95 million each in the last quarter up from £7.7 million in Q4 2011.

In total Apple increased it total revenue for the period to £29.6 billion up 73 per cent.

The results were the first to be posted by the Californian company since its founder Steve Jobs passed away last year.

Apple CEO Tim Cook (pictured) who was hand picked by Jobs as his successor said: “We’re thrilled with our outstanding results and record-breaking sales of iPhones, iPads and Macs. Apple’s momentum is incredibly strong, and we have some amazing new products in the pipeline.”

Apple chief financial officer Peter Oppenheimer added: “We are very happy to have generated over $17.5 billion in cash flow from operations during the December quarter,

“Looking ahead to the second fiscal quarter of 2012, which will span 13 weeks, we expect revenue of about $32.5 billion and we expect diluted earnings per share of about $8.50.”