On the heels of Intel, Apple posted record breaking quarterly results of its own this afternoon. However, as Reuters reports, Apple shares took a tumble in the aftermath because the company’s revenue and iPhone shipments missed Wall Street analyst forecasts.
Here’s how much money Apple made last quarter:
|Revenue||$20.34 billion||$28.57 billion||$28.27 billion|
|Net profit||$4.31 billion||$7.31 billion||$6.62 billion|
And here’s how many devices it shipped:
|iPhones||8.4 million||20.34 million||17.07 million|
|iPads||3.27 million||9.25 million||11.12 million|
|Macs||3.47 million||3.95 million||4.89 million|
|iPods||9.41 million||7.54 million||6.62 million|
Reuters says analysts were expecting "roughly 20 million" iPhone shipments and $29.69 billion in revenue for the quarter. That’s despite Apple’s own revenue forecast of $25 billion, which it made in July. One would guess the iPhone 5 hype of recent weeks curbed demand ahead of the iPhone 4S’s launch, which took place right before the end of Apple’s fourth fiscal quarter.
Nevertheless, Apple CFO Peter Oppenheimer boasts, "We are extremely pleased with our record September quarter revenue and earnings." Oppenheimer adds that he expects revenue for the next quarter to climb to $37 billion.