Apple has just announced its Q4 financial results. The company posted net profit of $430 million (up from 106 million last year) or 50 cents per share, while its revenue rose by 56% to $3.68 billion from last year.
Analysts were expecting a net profit of 36 cents per share, on revenues of $3.74 billion. This last figure seems a bit disappointing considering that most analysts were expected Apple to beat estimates on profit and revenue this quarter, as the company has been beating estimates for several quarters.
As a result, Apple’s shares (AAPL) are currently trading significantly lower in the after hours session. Apple’s shares closed at $51.59 during the regular session and are now trading more than 10% lower near $46.
Apple is webcasting its financial results conference call today at 2pm PT/5pm ET.
UPDATE: We’re providing a quick live coverage of the conference call here.