What you need to know
- Morgan Stanley believes Apple is going to have a strong quarter due to the iPhone 12 Pro and services.
- Lead analyst Katy Huberty believes the company could reach close to $15 billion in services revenue in the December quarter.
As reported by AppleInsider, Morgan Stanley believes that the iPhone 12 Pro and Apple's services business is pointing to a strong December quarter for the company. Lead analyst Katy Huberty has written an investor note seen by the outlet that supports the investment bank's predictions for the quarter.
Huberty now estimates that the App Store's revenue may grow 31% YoY to $5.3 billion.
The analyst says that the latest data available from the App Store could indicate quarterly services revenue of almost $15 billion for the company.
Lead times of the iPhone 12 Pro continue to indicate the phone is overperforming expectations and could contribute to a strong quarter for Apple.
Apple will announce its 2021 Q1 financial results on January 27, 2021.
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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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