Apple (NASDAQ: APPL) has announced its financial results for its Q4 2011 ending September 24 2011.

It posted revenues of $28.27 billion, up 39 percent compared to Q4 2010.

Net profit was $6.62 billion up 54 percent year-on-year.

Gross margin was 40.3 percent compared to 36.9 percent last year whilst international sales accounted for 63 percent of revenue.

"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," said Apple CEO Tim Cook, Apple's CEO.

"Customer response to iPhone 4S has been fantastic, we have strong momentum going into the holiday season, and we remain really enthusiastic about our product pipeline."

Crunching the numbers

Apple sold 17.03 million iPhones during the quarter, up 21 percent year-on-year.

11.12 million iPads were also sold, representing a 166 percent increase over the year-ago quarter.

In total, Apple's now sold 39.82 million iPads.

There was a 27 percent year-on-year decline in iPod sales, reaching 6.62 million units sold this quarter. Meanwhile 4.89 million Macs were sold, up 26 percent.

Looking ahead

"We are extremely pleased with our record September quarter revenue and earnings and with cash generation of $5.4 billion during the quarter," added CFO Peter Oppenheimer.

"Looking ahead to the first fiscal quarter of 2012, which will span 14 weeks rather than 13, we expect revenue of about $37 billion and we expect diluted earnings per share of about $9.30."

[source: Apple]