Apple Reports Q4 2011 Results
Apple on Tuesday posted yet another record quarter to conclude its fiscal year 2011, led by continued growth of its iPad and Mac platforms and Apple sold 17 million iPhones, down 16% from the record 20.3 million it sold in the second quarter 2011 and also significantly off Wall Street estimates of 20 million to 22 million. iPad sales during the September quarter were 11.12 million, an increase of 166 percent from the year-ago quarter and Mac sales were the highest ever at 4.89 million for the three-month span. Apple’s cash pile on hand also continued to swell during the quarter and now stands at around $84 billion………………..