Apple Forecasted to Report Record-Breaking Quarter Next Week With Revenue Topping $100 Billion

Apple is set to report its earnings results for the first quarter of the 2021 fiscal year on Wednesday, January 27, and many analysts forecast that the company's quarterly revenue will exceed $100 billion for the first time. Apple's currently quarterly revenue record is $91.8 billion, set in the first quarter of the 2020 fiscal year.

iphone 12 launch apple store
In an investor note shared with MacRumors, Monness Crespi Hardt analyst Brian White estimated that Apple will report quarterly revenue of $105.2 billion following the launch of several new products and services in the final three months of 2020, including the entire iPhone 12 lineup, a redesigned iPad Air, the first three Macs with Apple silicon, the HomePod mini, the AirPods Max, Apple Fitness+, and Apple One subscription bundles.

"In our view, Apple's portfolio was positioned better-than-ever heading into the recent holiday season," said White, adding that Mac and iPad revenue should remain strong as many customers continue to work and learn from home amid the pandemic.

Morgan Stanley analyst Katy Huberty is even more optimistic, forecasting that Apple will report quarterly revenue of $108.2 billion, according to MarketWatch. Huberty referred to the iPhone 12 as "Apple's most successful product launch in the last five years," and she also cited "sustained work and learn from home demand" for Apple products.

Apple's earnings report will be released on Wednesday at 1:30 p.m. Pacific Time and will be followed by a conference call with Apple's CEO Tim Cook and CFO Luca Maestri at 2:00 p.m. Pacific Time. Apple's stock price is up around 3% today.

Tag: AAPL

Top Rated Comments

djcerla Avatar
42 months ago
“If [Apple] is smart it will call the iPhone a "reference design" and pass it to some suckers to build with someone else's marketing budget. Then it can wash its hands of any marketplace failures. It should do that immediately before it's too late.”


John Dvorak, 2007
Score: 33 Votes (Like | Disagree)
TheYayAreaLiving ?️ Avatar
42 months ago
Holy Cow! This is insane. Well deserved Apple.

Congratulations Apple.
Score: 11 Votes (Like | Disagree)
iFan Avatar
42 months ago
Congrats to all AAPL shareholders for holding
Score: 11 Votes (Like | Disagree)
icanhazmac Avatar
42 months ago

I just love posts like this when people here think their purchase or non-purchase of Apple products will make a difference to Apple's bottom line. When they are selling millions of computers per quarter your $3000 purchase is like them selling you a smoothie in terms of how much they will notice or even care.
Why the snark?

I think @tevion5 was just stating a market need, though indeed from a personal perspective, that Apple could fill and further increase their financial success. I think many members here would agree that Apple should have a consumer class monitor and would buy it!
Score: 8 Votes (Like | Disagree)
tevion5 Avatar
42 months ago
Now just put out a new 5k display and smaller Apple Silicon Mac Pro targeted at the old pricing of around $1000 and $3000 respectively and I'd be willing to add to that profit even more!
Score: 7 Votes (Like | Disagree)
SchrodingersMartian Avatar
42 months ago
This is good news. Once again Apple claps back at the detractors who say Apple is doomed and probably say that until the end of time.
Score: 7 Votes (Like | Disagree)

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