Apple is scheduled to report fiscal first-quarter 2021 (calender Q420) earnings next Wednesday, and expectations are running high that the company will report its first $100 billion quarter ever.
The iPhone 12 includes 5G technology throughout the lineup, and various data points continue to suggest that the newest iPhones are selling extremely well.
The current consensus estimate calls for the Cupertino tech giant to generate $102.6 billion in revenue, well above Apple’s current record for quarterly revenue of $91.8 billion, set in the fourth quarter of 2019.
Earlier this week, Morgan Stanley boosted its price target on Apple from $144 to $152, while maintaining an overweight (equivalent to buy) rating on the stock. Analyst Katy Huberty is particularly optimistic heading into the earnings release… Huberty is modeling for revenue of $108.2 billion, about 5% higher than the consensus estimate. The iPhone 12 has been the company’s “most successful product launch in the last five years,” according to Huberty.
MacDailyNews Take: Because of the iPhone 12, and its strong mix that favors higher-priced Pro models, iPhone ASPs will be high, helping to push Apple over the $100 billion quarterly mark for the very first time.
As always, we will bring you Apple’s earnings results as soon as they are made available – just check our home page right around 4:30pm EDT on January 27th. We’ll also cover Apple’s conference call with live notes, as usual. That link will appear on our home page around 4:45pm EDT that same day.
… and to think that in 1998, Apple announced it’s first profit in five years.
Who could have imagined back then what sort of powerhouse Apple would become?
“Who could have imagined back then what sort of powerhouse Apple would become?”
“As we have always said, even as many short-sightedly waved (and continue to wave) the white flag, the war is not over. And, yes, we shall prevail… No company is invincible. Not even Microsoft.” — MacDailyNews, January 10, 2005
Who can think about such things at a time like this?
By Biden’s 3rd day in office, more people would have died from COVID-19 than Union soldiers at Antietam. We cannot become numb to this. This is not normal.
We have seen 3 Pearl Harbors since Joe Biden was sworn in. Let that sink in for a moment.
You can ignore these statistics all you want, but I refuse to do so. We cannot become numb to this – it’s okay to not be okay right now.
Who the hell gives a damn about your political rantings?
Your statement is as if the last three days of deaths didn’t have their infections happen during the last administration’s tenure. Any reality based look at it clearly shows deaths happen five to 25 or more days after infection (with most happening 14+ days after infection). The seven day rolling average deaths in the U.S. has been approximately 3,000 deaths per day for the last two weeks. Why has there been no comment from you about this for all that period?
Enough already!
It’s funny to see people who just don’t get it.
Zip, right over their empty little heads!
First Then’s post above is like an IQ test.
Shadowself failed spectacularly. Who’s next?
It’s not surprising that some people want to ignore these rapidly multiplying deaths. More people are dead from COVID in Biden’s first 2 days than 5 sinking Titanics. We cannot become numb to this carnage on Biden’s watch.
What a moron, first then lives in a dark paranoid pathetic place.
Another low IQ fool, doesn’t get it.
You seem like a “Q” fool. No points for GRU PsyOps. Move along now.
Dear First 2016 Then 1933,
I have really tried to avoid personal insults, but you are a piece of excrement with no moral compass. For the last year, you have denied that the novel coronavirus is more than “a weak flu,” have denied the death toll while it rose to 400,000 Americans, derided every effort to control it, and praised the Dear Leader’s halfway measures that enabled many of those deaths.
Now you want to blame Biden for a national crisis that apparently appeared out of nowhere at noon last Wednesday. Perhaps you should blame the murdering swine like you and your friends who made this much worse than it need have been. You have been sitting on your behind at your lake house while my relatives and friends have been dying. If there is any justice, you will rot in hell.
No, I’m not sorry, 8,300 people are dead. In 2 days. That is like 2,075 Benghazis happening today and yesterday all at once on Biden’s watch.
We cannot just become numb to this.
Annnnnd, another liberal fool, TxUser, doesn’t get it, either!
This is hilarious, First Then!
Since we don’t get it, please explain how an American death toll equal to our losses in WWII is a joke?
Biden and his supporters are not “numb to this.” They have been screaming at the top of their lungs about it for nearly a year, since our former President was privately telling Bob Woodward how bad the threat was while publicly dismissing it. He lied while the equivalent of the entire population of Tulsa or Tampa died.
Big joke… if you happen to be completely soulless.
Since Joe Biden was sworn in, 12,231 people have died from COVID. That’s like 33 full 747s just suddenly falling out of the sky.
We must never forget what is happening on Joe Biden’s watch.
Obviously, to most, likely not to you (due to your inherent and severe obtusity), every single COVID death quote I’ve posted for the last few days is a direct Dem/Lib/Prog quote collected from Twitter in 2020 with only the names and numbers replaced.
For those of you in Rio Linda, my little exercise is meant to illustrate that the president — be he a businessman who donated every single check he received as president or a career do-nothing establishment politician with burgeoning dementia who routinely sold and likely continues to sell his elected position for profit (and who is definitely going to be cashing his paychecks) — is not responsible for the deaths due to a coronavirus that China unleashed either on purpose, or if it actually was an accident, covered it up for long enough (along with their puppet the WHO) so that it would spread and wreak havoc on the world economy and, most importantly, on the U.S. because Trump was clearly cruising to reelection. China simply could not take another four years of a U.S. President doing what was best for America, not beholden to China.
To China, killing 1.29 million and counting of their own and worldwide is meaningless as long as it furthers the interests of China.
I think a much bigger example of obtusity is someone who cannot tell the difference between a firefighter and an arsonist. The arsonist is the one who told Bob Woodward, in an early February interview that he knew was being taped, that he had known for weeks that the novel coronavirus was a serious threat, but never stopped telling the public that the whole thing would go away in a matter of weeks without no stinking masks or quarantines. The firefighter is the one who has never lied about the huge challenge we all face, thanks to the arsonist and his followers not giving a squat about their fellow human beings.
Highest-paid man in U.S. government Anthony Falsely Fauci, idiot, March 8, 2020:
In the Untied States, people should not be walking around with masks… There’s no reason to be walking around with a mask. When you’re in the middle of an outbreak, wearing a mask might make people feel a little bit better… but it’s not providing the perfect protection that people think that it is.
Anthony Falsely Fauci, idiot, January 21, 2021:
Wear two masks: So if you have a physical covering with one layer, you put another layer on, it just makes common sense.
Why blame a U.S. President, none of whom are doctors, much less infectious disease experts, when the highest-paid man in U.S. government, the director of the vaunted CDC (which couldn’t get a COVID test right in the beginning, dooming the country) is the one advising the president with contradictory, illogical nonsense?
The last 3 days of COVID-19 deaths are Joe Biden’s fault!!!! . …. Right? … Right? RIGHT! Because… just because iSaid SO. Now STFU 😉 .!.. Have A Grateful Day
See how well cancel culture works!! WINNING! GMAFBA
And another one doesn’t get it, either!
ROTFLMFAO
First then must be a Russian bot, no true American patriot would rant In such a moronic terms.
Yet another low IQ fool, doesn’t get it.
We get it. You hate America and figure that the more of us who die, the better for you. You could get the same result even quicker by having Putin launch a nuke. He has 46 cities to chose from that have even more than 400,000 residents. I’m sure you would find that even funnier.
So far today, Joe Biden killed 3,297 people. And the day’s not even over yet.
Never forget.
You make it hard to forget how odious you are.
I remember when in the darkest of the dark days several financial analysts were putting out the statement that Apple needed to ship and get revenue from selling a minimum $1 million for Macs in every quarter to survive plus a bit more from associate items.
It’s been a long road, but going from $1 million a quarter to just survive to $100 billion a quarter has been quite the upward trek. I doubt anyone way back then would have predicted such a climb. I know I was not predicting that. Yes, I was one of the stalwarts that even then was predicting that Apple would survive and grow, but I would not have predicted back then Apple growing into the company it is today.
Make it so, Number 1.
If Rod Hall were a samurai in ancient Japan, he would have had to fall on his (wakizashi) sword. But since this is modern America, Rod Hall will get to keep his job and his life in order to mislead more naive investors in the future. Well, no one ever said that analysts have to have any morality or honor.
That would be huge!