Today will see the statement of AAPL profits Q1 2021– the company’s very first financial quarter of the year, which is the final calendar quarter of 2020. The coronavirus crisis made things too unsure for Apple to use any guidance, so we have just expert estimates to go on until the company exposes the numbers at 2 pm PT/5 pm ET.
The holiday quarter is constantly a huge one, all the more so when it records 100% of the launch sales of the iPhone 12– and has M1 Mac sales in the mix too …
It’s not a surprise, then, that experts have big expectations. The exact numbers depend on which ones you ask, however the Wall Street consensus view is in the order of $103B. Seeking Alpha ran the numbers.
The consensus EPS Price quote is $1.41 and the agreement Earnings Quote is $103.24 B (+12.4% Y/Y).
Expert expects iPhone sales of $59.86 B, Mac $8.68 B, iPad $7.61 B, Wearables, House and Accessories $11.91 B.
The PED30 roundup has the same story.
The specialists I’ve spoken with up until now anticipate Apple to beat last year’s Q1 leads to every category– by approximately 13% on the top and bottom lines.
Everyone expects high hardware sales, as pandemic lockdowns have actually seen both laptop and tablet sales boosted by people working and studying from home. There have actually likewise been various signs that iPhone 12 sales have actually gone beyond Apple’s expectations.
Investopedia states experts and financiers anticipate this to have actually been matched by a similar pandemic bonus for Solutions.
Apple’s services include streaming services such as film and TV entertainment service provider Apple TV+, computer game seller Apple Game, news services, and digital material shops consisting of the iTunes Store and the App Store, as well as Apple Pay, and AppleCare. It also includes a range of other services that support Apple’s hardware devices. Income from Apple’s services business tends to be more steady and predictable than its product income, and services also have significantly greater margins.
Analysts expect Apple’s services income to increase to $14.9 billion in Q1 FY 2021, its highest level in at least 4 years.
It’s once again anticipated that Apple won’t provide any guidance for the present quarter, however AB Bernstein states the business will offer ‘standards’– some indicators of how it believes the quarter will turn out, however stopping brief of any particular revenue projections.
We’ll naturally be bringing you all the numbers and executive commentary later on today.
FTC: We use earnings making car affiliate links. More.
Check out 9to5Mac on YouTube for more Apple news: