Apple Inc. (NASDAQ: AAPL) – Apple earnings preview: up to $ 100 billion in revenue amid strong use of iPhone 12

Apple Inc. (NASDAQ: AAPL) is on track to report a bumper quarter, according to the iPhone sales process. The company is expected to announce its first-quarter results for the first quarter of 2021 on Wednesday after the market closes.

Record income, EPS in sight: Analysts estimate that Apple will average $ 1.41 per share in the first quarter as revenue of $ 103.28 billion.

Lope Venture’s Gene Munster is above consensus, and the famous Apple analyst estimates 19% year-on-year revenue growth with growth of 16.70%.

The company’s revenue is expected to reach the top of $ 100 billion for the first time in its history, with the strength of the iPhone supporting many of the upside.

Apple launched its latest version of the iPhone, called the iPhone 12, late last year. The company has a delayed, as well as a phase, launch of the iPhone 12, which came in four variants. All four models are 5G enabled.

Related link: 10 things Apple investors may wish for in 2021

Other criteria: IPhone construction in the quarter is estimated at a low to mid-90 million mark, Wedbush analyst Daniel Ives said in a note, citing estimates in the supply chain.

Munster sees that the share of iPhone revenue to total revenue in the first quarter rose to 59% from the typical 50% range. He expects iPhone revenue to increase by 16% to $ 64.9 billion, compared to the Street estimate of $ 59.4 billion.

The server’s revenue, which accounts for 14% of sales, rose 18% year-over-year to $ 15 billion.

Munster expects Apple to leave the December quarter with a total cash of $ 185 billion, which owes $ 112 billion and $ 73 billion in net cash.

Send preview: For the March quarter, Apple is expected to report a 91 cents profit on revenue of $ 74.54 billion. The consensus estimates for the 2021 financial year call for revenue of $ 4.03 on revenue of $ 318.9 billion.

Munster sees the accelerated digital transformation as a setback for Apple’s revenue growth for the next few years.

Ives said Apple has the potential to sell more than 240 million units of iPhones in 2021, surpassing the previous record of 231 million units in the 2015 financial year.

AAPL Stock: Apple shares ended 2020 with a gain of about 82% at $ 132.69. After some weakness at the beginning of the year, the stock returned and traded at a modest gain of 4.8% for the year-to-date period.

Apple’s valuation reached the $ 2 trillion mark in August, and if the company continues at this pace, there is a $ 3 trillion market in the next 12 months.

Apple shares closed Tuesday’s session at $ 143.16.

(Photo by Shiwa ID on Unsplash)