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Jan. 25, 2021, 9:23 a.m. EST

Awaiting for Apple’s Earnings

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Jan 25, 2021 (IAM Newswire via COMTEX) -- Apple /zigman2/quotes/202934861/composite AAPL -3.48% confirmed that its fiscal Q1 2021 results will be revealed on January 27 [th] and Wall Street is getting excited. The new iPhone 12 could help to finally turn things around in Greater China where its sales have been falling apart since 2015.

The first financial report of the year is always Apple’s biggest in terms of revenue. For one thing, this quarter includes the holiday sales, but it also contains the first near-full quarter of sales for Apple’s annual flagship iPhone refresh. Launches of the iPhone 12 generation of smartphones that include the iPhone 12 mini, iPhone 12 Pro, and iPhone 12 Pro Max have reportedly seen such a high demand that Apple will allegedly increase production at the beginning of this year to a level that’s supposedly 30% higher than iPhone orders one year prior. But like the previous few quarters, this will be an unusual one with the ongoing pandemic. The Apple Watch Series 6, Apple Watch SE, and 2020 iPad, have been available for the entirety of the quarter, as opposed to the prior quarter which contained only a few days of this special trio.

Throughout 2020, Apple did not provide any guidance due to pandemic-related uncertainties. This practice will most likely remain in place as COVID-19 continues to wreak havoc on trade and supply chains across the globe. But, given the ongoing presence of social distancing measures that include working from home, revenue growth could still be in store for Mac and the iPad. This could be one of the last quarters of strong demand, before vaccines hopefully start putting an end to the global health crisis. Luckily for Apple, service revenues tend to be "sticky", so this segment is unlikely to experience much of a decline going forward.

The company failed to excite investors in its fourth quarter which ended September 26, 2020, due to weak iPhone sales. But this weakness was likely due to the fact that users were waiting for the new iPhone 12, which went on sale in October.

Analysts expect revenues for the quarter to exceed $100 billion for the first time in its history. Morgan Stanley expects Apple to deliver all-time record revenue and earnings due to the strength across its product and services portfolio, driven by 5G adoption, remote work and learning, followed by sustained App Store engagement. Therefore, analysts expect double digit YoY growth for Apple's five revenue segments in the December quarter.Apple's services segment had a strong fiscal 2020, and the holiday quarter is likely to follow. Whether this will be the case, we will find out on Wednesday when Apple discloses the results of its critical first fiscal quarter for 2021.

This article is not a press release and is contributed by a verified independent journalist for IAMNewswire. It should not be construed as investment advice at any time please read the full . IAM Newswire does not hold any position in the mentioned companies. Press Releases – If you are looking for full Press release distribution contact: Contributors – IAM Newswire accepts pitches. If you're interested in becoming an IAM journalist contact:

The post Awaiting for Apple’s Earnings appeared first on IAM Newswire .

COMTEX_379452746/2618/2021-01-25T09:23:03

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/zigman2/quotes/202934861/composite
US : U.S.: Nasdaq
$ 120.99
-4.36 -3.48%
Volume: 148.20M
Feb. 25, 2021 4:15p
P/E Ratio
32.71
Dividend Yield
0.68%
Market Cap
$2104.39 billion
Rev. per Employee
$1.86M
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