Apple could announce first-ever $100B quarter at January earnings call

Tim Cook
Tim Cook (Image credit: Apple)

What you need to know

  • New reports claim Apple could announce its first-ever $100 billion quarter in sales at its earnings call on January 27.

New reports indicate Apple could unveil a bumper earnings report at its call on January 27, possibly making it Apple's first-ever $100 billion quarter.

First, from LLD:

This three-monthly ritual might grab a few more headlines than normal because analysts expect Apple to generate sales of more than $100 billion a single quarter for the first time in its history. Russ Mould, AJ Bell Investment Director. "If the consensus forecast of $102.6 billion is attained, that would equate to year-on-year sales growth of 12%, the fastest rate of advance in ten quarters.

The report cites Apple's iPhone 12 launch and expected double-digit percentage increases in sales from services, wearables, and accessories.

Mould notes that the consensu estimate for Q1 earnings per share is $1.39, confirmed by Nasdaq.

The report is backed up by Investing.com:

Apple—whose earnings and revenue easily topped expectations in the previous quarter—next reports financial results after the market closes on Wednesday, Jan. 27.Consensus calls for earnings per share of $1.40 for its all-important fiscal 2021 first quarter, which includes the holiday shopping season, climbing 12% from the year-ago period. Revenue is forecast to increase more than 11% from the same period a year earlier, to $102.3 billion, reflecting surging demand for its recently released lineup of new 5G-enabled iPhone 12 models.

At its Q4 2020 call, Apple confirmed $64.7 billion in revenue, a record September quarter:

Apple today announced financial results for its fiscal 2020 fourth quarter ended September 26, 2020. The Company posted record September quarter revenue of $64.7 billion and quarterly earnings per diluted share of $0.73. International sales accounted for 59 percent of the quarter's revenue.

Stephen Warwick
News Editor

Stephen Warwick has written about Apple for five years at iMore and previously elsewhere. He covers all of iMore's latest breaking news regarding all of Apple's products and services, both hardware and software. Stephen has interviewed industry experts in a range of fields including finance, litigation, security, and more. He also specializes in curating and reviewing audio hardware and has experience beyond journalism in sound engineering, production, and design.

Before becoming a writer Stephen studied Ancient History at University and also worked at Apple for more than two years. Stephen is also a host on the iMore show, a weekly podcast recorded live that discusses the latest in breaking Apple news, as well as featuring fun trivia about all things Apple. Follow him on Twitter @stephenwarwick9

1 Comment
  • Makes those who continually claim Apple makes inferior, overpriced, useless products look pretty stupid.