What you need to know
- JP Morgan analyst Samik Chatterjee believes Apple will post a $100 billion Q1 2021.
- The analyst points to iPhone 12 lineup performance as well as continued demand for Mac and iPad.
As reported by AppleInsider, JP Morgan is also predicting that Apple will report first-quarter revenue exceeding $100 billion, a first for the company.
JP Morgan analyst Samik Chatterjee says that the company will accomplish the feat due to the success of the iPhone 12 lineup as well as continued demand for its entire product lineup from consumers and businesses working and learning at home.
The analyst believes that, specifically, the Mac and the iPad will play a major part in Apple passing the historic mark. That will come in addition to the company's usual #1 seller, the iPhone.
Chatterjee also expects triple-digit growth from the company's services division where Apple continues to add new products like Apple Fitness+, which just launched in December.
Apple is set to reveal its first-quarter results for 2021 in a conference call that is scheduled to take place on Wednesday, January 27, 2021. The call, which is expected to be held by Apple's Chief Executive Officer Tim Cook and Chief Financial Officer Luca Maestri, is currently scheduled to kick off at 2:00 p.m. PT / 5:00 p.m. ET.
Joe Wituschek is a Contributor at iMore. With over ten years in the technology industry, one of them being at Apple, Joe now covers the company for the website. In addition to covering breaking news, Joe also writes editorials and reviews for a range of products. He fell in love with Apple products when he got an iPod nano for Christmas almost twenty years ago. Despite being considered a "heavy" user, he has always preferred the consumer-focused products like the MacBook Air, iPad mini, and iPhone 13 mini. He will fight to the death to keep a mini iPhone in the lineup. In his free time, Joe enjoys video games, movies, photography, running, and basically everything outdoors.
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