Despite a strong close, Apple's final fiscal quarter of 2011 missed Wall Street's expectations.
Apple reported revenue of $28.27 billion and profits of $6.62 billion, or $7.02 per share, for the quarter ended September 24. That was up from $20.34 billion, or $4.64 per share, the company saw at the same time last year.
The performance fell 27 cents per share below the average estimate among analysts surveyed by Thompson Financial, a rare miss for Apple, which had gone on an expectation-blowing streak in recent quarters. Nonetheless, Apple handily topped its own forecast, … Read more