Apple (NASDAQ:AAPL) reported Q4 EPS of $7.05, missing analyst estimates of $7.28 per share. Revenue for the quarter were $28.30 billion, missing consensus estimates of $29.45 billion.
Tim Cook, Apple's CEO said, "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.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."
Apple (NASDAQ:AAPL) has potential upside of 20% based on a current price of $423.5 and an average consensus analyst price target of $508.33
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