Wired
According to news on January 27, according to foreign media reports, Apple will release its first quarter financial report for the 2021 fiscal year on January 27, local time.
Before Apple’s earnings report, JPMorgan Chase analysts predicted that Apple’s revenue in the first quarter of fiscal 2021 will exceed $100 billion, and the first quarter of fiscal 2021 will be Apple’s first revenue to exceed $100 billion. This is mainly due to the sales of 5G-enabled iPhone 12 series mobile phones, remote work and online education growth.
Apple released the iPhone 12 series of mobile phones at 1 am on October 14th, Beijing time. There are four models in this series, namely the iPhone 12 mini, iPhone 12, iPhone 12 Pro and iPhone 12 Pro Max. These four models all support 5G networks and are equipped with OLED full screens and A14 bionic chips.
It is reported that since the release, demand for iPhone 12 series models has been strong. Driven by the market’s strong demand for 5G iPhone, the company’s revenue should grow.
In addition, due to the impact of the new crown epidemic, the demand for remote office equipment and learning equipment has increased, leading to the increase in sales of Apple devices such as Mac and iPad, which in turn promotes Apple’s revenue growth.
JPMorgan Chase estimates that in the first quarter of fiscal 2021, Apple’s revenue will be 110 billion U.S. dollars and earnings per share will be 1.56 U.S. dollars, both of which are higher than Wall Street’s consensus expectations of 102 billion U.S. dollars and 1.41 U.S. dollars.
The agency’s analyst Samik Chatterjee predicts that in the first quarter of fiscal 2021, Apple’s iPhone shipments will reach about 80 million units, which may result in the department’s revenue reaching approximately $66 billion.
In addition to JPMorgan Chase analysts, Wall Street analysts also predict that Apple’s revenue in the first quarter of fiscal 2021 will exceed $100 billion, reaching $102.54 billion, which is higher than the $64.698 billion in the fourth quarter of fiscal year 2020. USD 91.819 billion in the first quarter of fiscal year 2020.
In the past 12 months, Apple’s stock price has risen by about 65%, mainly driven by expectations surrounding the 5G iPhone.