<p>With an all-time record sale of Macs and iPads, Apple said Tuesday its net income for the quarter rose to $6.6 billion, or $7.05 per share, up 54 percent from a year earlier, but lower than $7.39 per share forecast by analysts. </p>.<p>As those numbers disappointed investors expecting more, shares of Apple fell 7 percent after hours. At the market's close Tuesday, the stock had finished regular trading at an all-time high of $422.24.<br /><br />Apple's sales rose 39 percent to $28.3 billion, but badly missed analysts' estimates of $29.7 billion. The company's sales for its full fiscal year, which ended Sep 24, were $108.2 billion - a giant leap ahead of the $65.2 billion Apple raked in last year, but short of the $109.5 billion Wall Street forecast.<br /><br />Nevertheless Apple again edged out Exxon Mobil in the tight race to be the stock market's most valuable company in the world, CNN reported.<br /><br />Despite missing analysts' estimates, Apple's executives remained positive. "We are thrilled with the very strong finish of an outstanding fiscal 2011," Tim Cook, Apple's CEO, said in a statement. <br /><br />"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."<br /><br />On a conference call with analysts, Cook said he's confident Apple will set an all-time record for iPhones this quarter, calling demand "off the charts". Cook noted that the number of people using the new device's Siri personal assistant feature has been "amazing".</p>
<p>With an all-time record sale of Macs and iPads, Apple said Tuesday its net income for the quarter rose to $6.6 billion, or $7.05 per share, up 54 percent from a year earlier, but lower than $7.39 per share forecast by analysts. </p>.<p>As those numbers disappointed investors expecting more, shares of Apple fell 7 percent after hours. At the market's close Tuesday, the stock had finished regular trading at an all-time high of $422.24.<br /><br />Apple's sales rose 39 percent to $28.3 billion, but badly missed analysts' estimates of $29.7 billion. The company's sales for its full fiscal year, which ended Sep 24, were $108.2 billion - a giant leap ahead of the $65.2 billion Apple raked in last year, but short of the $109.5 billion Wall Street forecast.<br /><br />Nevertheless Apple again edged out Exxon Mobil in the tight race to be the stock market's most valuable company in the world, CNN reported.<br /><br />Despite missing analysts' estimates, Apple's executives remained positive. "We are thrilled with the very strong finish of an outstanding fiscal 2011," Tim Cook, Apple's CEO, said in a statement. <br /><br />"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."<br /><br />On a conference call with analysts, Cook said he's confident Apple will set an all-time record for iPhones this quarter, calling demand "off the charts". Cook noted that the number of people using the new device's Siri personal assistant feature has been "amazing".</p>