ABJ - October 20 - Apple has announced financial results for its fiscal 2011 fourth quarter ending September 24. According to the report, the company posted quarterly revenue of $28.27 billion and quarterly net profit of $6.62 billion, at $7.05 per diluted share. These results compare to revenue of $20.34 billion and net quarterly profit of $4.31 billion, or $4.64 per diluted share, in the year-ago quarter. Gross margin was 40.3 per cent compared to 36.9 per cent in the year-ago quarter. International sales accounted for 63 per cent of the quarter’s revenue.

The company sold more than 17 million iPhones in the quarter, representing 21 per cent unit growth over the year-ago quarter. Apple sold more than 11.1 million iPads during the quarter, a 166 per cent unit increase over the year-ago quarter. The company sold nearly 4.9 million Macs during the quarter, a 26 per cent unit increase over the year-ago quarter.

Apple sold about 6.62 million iPods, a 27 per cent unit decline from the year-ago quarter.

“We are thrilled with the very strong finish of an outstanding fiscal 2011, growing annual revenue to $108 billion and growing earnings to $26 billion,” Tim Cook, Apple CEO, said in a statement. “Customer response to iPhone 4S has been fantastic, we have strong momentum going into the holiday season, and we remain really enthusiastic about our product pipeline.”

“We are extremely pleased with our record September quarter revenue and earnings and with cash generation of $5.4 billion during the quarter,” said Peter Oppenheimer, Apple CFO. “Looking ahead to the first fiscal quarter of 2012, which will span 14 weeks rather than 13, we expect revenue of about $37 billion and we expect diluted earnings per share of about $9.30.”