Apple may announce $ 100 billion first quarter on January earnings call

New reports indicate that Apple could present an outstanding earnings report during its call on January 27, making it possibly Apple’s first quarter of $ 100 billion.

First, from LLD:

This quarterly ritual could capture some more news than usual because analysts expect Apple to generate sales of over $ 100 billion in a single quarter for the first time in its history. Russ Mold, investment director of AJ Bell. “If the consensus forecast of $ 102.6 billion were reached, that would equate to 12% year-over-year sales growth, the fastest progress rate in ten quarters.

The report cites Apple’s launch of the iPhone 12 and predicts double-digit percentage increases in sales of services, wearables and accessories.

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Mold notes that the consensus estimate for first quarter earnings per share is $ 1.39, confirmed by the Nasdaq.

The report is supported by Investing.com:

Apple, whose earnings and revenue easily exceeded expectations in the previous …

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