Apple beat analyst estimates for the fourth fiscal quarter, but the stock still dipped by nearly 5% in after hours trading.
Apple reported earnings per share of $8.26 on revenue of $37.5 billion for the quarter, coming in well ahead of Wall Street estimates for earnings of $7.93 per share on revenue of $36.84 billion.
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The company also reported selling 33.8 million iPhones, an increase of 26% from the previous year and beating estimates. iPad sales, on the other hand, came in a little light at 14.1 million — essentially flat year over year — presumably because consumers were waiting to see the newest models released this month.
“We’re pleased to report a strong finish to an amazing year with record fourth quarter revenue, including sales of almost 34 million iPhones,” said Tim Cook, Apple’s CEO, in a statement.
After going nearly a year without a major product launch, Apple has made good on its promise to have a "very busy fall." During the past month and a half, Apple has unveiled two new iPhones, two new iPads and updates to its Mac devices and software. That flurry of activity appears to have helped the stock, which has stayed above the $500 mark in recent days after having dropped below $400 in June.
As of publication, Apple's stock had rebounded somewhat and was down about 2% after hours.

AAPL data by YCharts
Image: Justin Sullivan/Getty
This case is made at the original Etch-a-Sketch factory. It's an interesting study into how companies evolve their products to suit the market, and also a fun case for your phone.
Cost: $24.99
Sucker this little fella on to the back of your iPhone and it'll keep it upright -- no plumbing required.
Cost: $10
Described as "huge" and "easy to handle," the Arkhippo case adds some colorful heft to your iPhone with some well-padded protection, and a handy way to stand it up.
Cost: $24
If you yearn for the days of the Walkman, this sticky tape cassette decal for your iPhone offers some handheld nostalgia.
Cost: $6.99
Complete with six different colored inserts, this clever stand frames your iPhone on your desk or bedside table. It's perfect for slideshows, alarm clock apps, watching media and more. Appstanding!
Cost: $24.99
The Spiderpodium is one way to keep arachnophobes away from your precious iProduct. The grippy octopod has -- you guessed it -- eight flexible legs as well as a hole in its body for feeding cables through.
Cost: $24
Your iPhone can earn its wings with this whimsical stand that works in both portrait and landscape mode thanks to its removable sucker cup.
Cost: $12
Considering that the cellphone is the "little black book" of today, this case is certainly appropriate. With a sturdy wooden frame, this unusual case is crafted using traditional bookbinding techniques. It allows access to all ports and even boasts a suitably placed hole for the camera.
Cost: $64
Do you hark back to the glory days of the 80s "brick" phones with fond memories? No, neither do we really, but we do find this case somewhat amusing.
Cost: $20
This cardboard holder will turn your iPhone, or iPod touch, into a teeny vintage goggle box, perfect for watching old movies.
Cost: $7.95
Can we give you a hand? In fact, here's two to cradle your beloved device when yours are busy.
Cost: $20
Is your iPhone as much a compact camera as it is a portable telephone? Then show your love of iPhotography with this hand-crafted wooden case that's designed to look like a retro snapper.
Cost: $34.99