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Apple posts $6.62 billion profit but iPod sales down 27%

Apple iPad 2

Apple has announced its financial results for the fourth fiscal quarter in 2011, and despite huge profits they slipped below analysts' expectations.

The company posted revenue for the quarter of $28.27 billion, compared to $20.34 billion in the same quarter last year.

This left Apple on $7.05 per diluted share, below analysts' predictions of $7.31 and said to be the first time Apple has failed to match the sky-high expectations.

Apple sold 17.07m iPhones in Q4, representing a 21% growth compared to the same period last year.

While Apple iPad sales hit 11.1 million, an increase of 166% year-on-year, iPod sales were down 27% to 6.62m.

With the new iPhone 4S selling faster than any previous Apple product – 4 million units over the first weekend – it looks set to be a bumper first fiscal quarter of 2012.

Peter Oppenheimer, Apple’s CFO, said: “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.”

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Joe Cox
Joe Cox

Joe is Content Director for Specialist Tech at Future and was previously the Global Editor-in-Chief of What Hi-Fi?. He has worked on What Hi-Fi? across print and online for more than 15 years, writing news, reviews and features. He has covered product launch events across the world, from Apple to Technics, Sony and Samsung, reported from CES, the Bristol Show and Munich High End for many years, and provided comment for sites such as the BBC and the Guardian. In his spare time he enjoys playing records and cycling (not at the same time).