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Apple will open its books on January 27th and thus announce its Christmas quarter figures discloseNow there is a report that the company may be setting a new record.
Apple will release its results for the first fiscal quarter of 2021 (fourth calendar quarter) on January 27. Side note: Apple's fiscal year starts on October 1 and ends on September 30. It is now believed that the Cupertino-based company has generated sales of 100 billion US dollars in a quarter for the first time in history. writes LLD:
This three-month ritual could generate a few more headlines than usual, as analysts expect Apple to have generated more than $100 billion in revenue in a single quarter for the first time in history. Russ Mould, AJ Bell Investment Director: "If the consensus forecast of $102.6 billion is met, that would represent revenue growth of 12% year-on-year, the fastest rate of increase in ten quarters.
Apple: iPhone 12, M1 Macs and more
The forecast takes into account not only the iPhone 12 series but also the brand new M1 Mac devices. But the services division and wearables also play a major role. Mould notes that the consensus estimate for earnings per share in the first quarter is $1.39, a figure that is Nasdaq supported by Investing.com writes:
Apple, whose earnings and revenue easily beat expectations last quarter, will report its financial results after the market close on Wednesday, January 27. Consensus is calling for earnings per share of $1.40 for the key first quarter of fiscal 2021, which includes the holiday shopping season, up 12% from the same period last year. Revenue is expected to rise more than 11% from the same period last year to $102.3 billion, driven by rising demand for the new 5G-enabled iPhone 12 models recently unveiled.
It remains to be seen whether the forecast will actually be confirmed. We will know for sure next Wednesday. (Photo by Inked Pixels / Bigstockphoto)
