SAN FRANCISCO (MarketWatch)
Apple Inc. reported a 24% jump in earnings for its
fourth fiscal quarter on Thursday afternoon, though the results fell short of
investors' expectations given a slowdown of iPhone sales and lower-than-expected
iPad shipments
For the quarter ended Sept. 29, Apple
reported net income of $8.2 billion, or $8.67 per share,
compared with net income of $6.6 billion, or $7.05 per share, for the same
period last year
Revenue jumped 27% to $36 billion
Analysts were expecting
earnings of $8.75 on revenue of $35.8 billion for the quarter, according to
consensus estimates from Thomson Reuters
For the December period, Apple
projected earnings per share of $11.75 with revenue of $52 billion
Analysts had
been expecting earnings of $15.41 per share on revenue of $55 billion for the
period.
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