Wired
According to reports, Wall Street analysts expect that in the latest quarter’s earnings report, Apple’s revenue may exceed $100 billion for the first time.
27 analysts predict through Yahoo Finance that in the first fiscal quarter of 2021 ending on December 31, Apple’s sales are expected to reach 102.76 billion US dollars. Among them, some analysts expect the company’s revenue to reach up to 110.21 billion US dollars.
Morgan Stanley analysts Katy L. Huberty (Katy L. Huberty) and Eric W. Woodring (Erik W. Woodring) stated in a research report that they are predicting Apple’s revenue for the quarter. Before setting a record, they had already purchased more Apple shares. The two analysts rated Apple’s stock price as “overweight,” and their target price for the stock was $152.
According to data from Yahoo Finance, according to the estimated median revenue of $102.76 billion, Apple’s revenue in the latest quarter will increase by about 16% over the same period last year.
It is reported that Apple is scheduled to announce the latest results after the close on Wednesday.
In addition, Amazon will also release its latest results on February 2. The company’s quarterly sales are also expected to reach more than $100 billion. Apple and Amazon will join a small group of American companies such as Wal-Mart to reach the $100 billion revenue milestone.
Last summer, Apple became the first American company with a market value of more than $2 trillion, making history. Some people believe that Apple was able to set this record because they locked their customers firmly in the iPhone ecosystem.
Analysts said that with the introduction of new 5G models, Apple’s revenue in the last quarter was also driven by iPhone sales. According to Morgan Stanley’s research, last year’s iPhone conference was the most successful one in the past five years.
According to research by Morningstar analysts, the remote work trend triggered by the epidemic has also promoted the sales of some other hardware devices of Apple, such as iPads, desktops and laptops.
Some analysts wrote in a note originally published before Thanksgiving: “Apple CEO Tim Cook predicts that although the new iPhone 12 will be launched a few weeks later this quarter, IPhone revenue in the December quarter will still grow, but he did not specify the extent of the increase. At the same time, all other products and services are expected to achieve double-digit growth.” These analysts reissued the report last week.
Argus Research Company analysts said that Apple is “full force” in its products. Argus Research Company has a “buy” rating on the appraised stock.
There are rumors that Apple is testing multiple new products, and these products are currently in different stages of testing. According to reports, the company is testing a new iPhone equipped with a foldable screen and is also developing self-driving cars. In addition, Apple is also developing its first head-mounted display device, which is reported to be more expensive.
Special statement: The copyright of this article belongs to the author of the article. It only represents the author’s views and does not represent the views and positions of Aisi Assistant. This article is uploaded by third-party users, only for learning and communication, not for commercial purposes, such as the content, pictures, audio, video, etc. in the article have third-party intellectual property rights, please contact us in time to delete.