Apple May Have Broke Records in the Last Quarter of 2021

Katy Huberty, principal analyst at Morgan Stanley, said that Apple will report record revenue for the last quarter of 2021. Huberty stated that the US-based giant company is estimated to report $122 billion in revenue.

Apple, one of the largest companies in the world, announced the results of the third quarter of 2021 last July. In the statements made, the company broke the record. 81.4 billion dollars It was stated that revenue, 21.7 billion dollars profit was made.

The new news showed that the US-based technology giant is expected to reach a record level of revenue in the fourth quarter of 2021. According to the information shared by the chief analyst of the investment bank Morgan Stanley in the USA, Apple is ahead of Wall Street’s predictions in the last quarter of 2021 with the help of improvements in iPhone production and various services provided to users. 3% More revenue announcements are expected.

$122 billion in revenue expected to be announced

principal analyst at Morgan Stanley to Katy Huberty Apple’s 41.9 percent gross margin, $1.97 earnings per share, in last year’s fourth quarter 122 billion dollars It is expected to break records in revenue. Improvements in iPhone production, the introduction of various loves and the increase in demand in markets such as China are among the estimations that may have caused this.

Huberty also announced that iPhone sales were in the last quarter. to 83 million He states that this is a significant increase. In addition, the giant company’s services 19.2 billion dollars It is among the statements made by Huberty that this number will report a huge 21.7% increase in annual increases. The biggest reason behind this situation is the growth in the App Store in the fourth quarter. It should also be noted that the earnings will be announced on January 27.

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Finally, Huberty talked about his predictions for 2022. The famous analyst, in the first quarter of 2022, 55 million iPhones He said he expected it to be sold. It was reported that this number was slightly higher than the general estimates.

Source :
https://www.gizmochina.com/2022/01/21/apple-122-billion-revenue-prediction-for-q4-2021-may-be-a-new-record/


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