Apple Q4 Profit Down - Quick Facts

(RTTNews) - Apple Inc. (AAPL) Monday reported fourth-quarter profit of $7.5 billion or $8.26 per share, down from $8.2 billion or $8.67 per share in the comparable quarter last year.

On average, 47 analysts polled by Thomson Reuters expected the company to earn $7.93 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues increased to $37.5 billion from $36 billion last year. Analysts expected revenues of $36.84 billion.

Gross margins dropped to 37 percent from 40 percent last year.

During the quarter, the company sold 33.8 million iPhones, compared to 26.9 million last year. iPad sales improved to 14.1 million from 14 million last year. Mac sales totaled 4.6 million, down from 4.9 million last year.

Looking ahead to the first quarter, the company has forecast revenues in the range of $55 billion to $58 billion. Analysts currently expect first-quarter revenues of $55.65 billion.