Apple beats earnings estimates, sells 2.6 million Macs, gives range of guidance

Apple today reported its Q4 earnings and posted revenue of $7.9 billion and earnings of $1.26 a share. Analysts were expecting revenue above $8 billion, but Apple was able to post an impressive profit of $1.14 billion on slightly lower than expected revenue, representing a 26% increase from Q4 of last year. Apple also reported that it sold over 2.6 million Mac's, which represents a 17% increase over the same quarter a year ago. Apple Mac sales came in just below what analysts were expecting, with some predicting Apple would have a blowout quarter with Mac sales over 2.8 million. iPod sales were more or less in line with what analysts were expecting, coming in at just over 11 million iPods sold.

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