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Record Mac, iPad sales help Apple turn in record quarter

Record sales of both Macs and iPads helped Apple set new marks for quarterly revenue and earnings for its fiscal fourth-quarter.

The company announced Tuesday that it logged $28.27 billion in revenue and $6.62 billion in net profit for the three-month period ended on September 24. That's an increase of 38 percent in revenue and 54 percent in profit from the year-ago numbers. Apple earned $7.05 per diluted share, up 52 percent from year-ago earnings of $4.64 a share.

"We are thrilled with the very strong finish of an outstanding fiscal 2011, growing annual revenue to $108 billion and growing earnings to $26 billion," CEO Tim Cook said in a prepared statement.

Wall Street may be less thrilled: analysts were looking for the company to post earnings of $7.39 a share and revenue of $29.69 billion, according to Thomson Reuters. Still, Apple's results came in ahead of the forecast chief financial officer Peter Oppenheimer offered in July, when he told analysts to expect earnings of $5.50 per share and revenues of $25 billion during the fourth quarter.

We'll have more details on Apple's quarterly performance shortly. Macworld is also providing a live update of the company's quarterly call with financial analysts.


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