Apple reports Q4 earnings; misses big on iPhone sales, steady on iPad, Mac sales

Apple on Tuesday reported its earnings for the fourth fiscal quarter of 2011. Wall Street was expecting revenue of $29.5 billion and earnings of $7.29 per share. The company delivered revenue of $28.27 billion and earnings of $7.05 per share. Apple sold 17.1 million iPhones, 11.1 million iPads, and 4.89 million Macs. While this was Apple’s biggest September quarter ever, the company still missed on most Wall Street estimates. During the�third fiscal quarter this year, Apple recorded revenue of $28.57 billion on sales of�20.34 million iPhones, 9.25 million iPads, and 3.95 million Macs into channels. Apple’s full press release is after the break. Apple Reports Fourth Quarter ResultsFont size: A | A | A 4:30 PM ET 10/18/11 | BusinessWire

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