Apple Inc.(NASDAQ:AAPL) shares halted in after hours as the company reported its fourth quarter earnings.
The company generated revenue of $35.97 beating analysts target of $35.80 billion.
The company earned $8.67 a share, missing analysts’ target by 8cents. The company sold 26.90 million iPhones in Q4, sold 4.9 million Macs, 5.3 million iPods. There were issues with supply shortage of iPhone.
Apple declared quarterly dividend of $2.65 a share.
The company projects to earn $11.75 a share, well below analysts’ target of $$15.59 a share and revenue projects to come in at $52 billion, missing analysts’ estimate of $55 billion.
Apple’s sales of iPads totaled 14 million, down from even recently reduced estimates for 15 million or so. Mac computer sales totaled 4.9 million units, while iPods totaled 5.3 million units.
Looks like AAPL will resume trading lower.