Today we’ll see the announcement of AAPL’s earnings in the first quarter of 2021 – the company’s first fiscal quarter of the year, which is the last quarter of 2020. The coronavirus crisis has made things very uncertain for Apple to offer any guidance, so we have only analysts’ estimates to proceed until the company reveals the numbers at 2 pm PT / 5 pm ET.
The holiday quarter is always big, especially when it captures 100% of the iPhone 12 launch sales – and there are M1 Mac sales in the mix too …
It is no surprise, then, that analysts have high expectations. The exact numbers depend on which you ask, but Wall Street’s consensus view is on the order of $ 103 billion. Fetching Alpha ran the numbers.
The consensus EPS estimate is $ 1.41 and the consensus revenue estimate is $ 103.24 billion (+ 12.4% Y / Y).
Analyst expects iPhone sales of $ 59.86 billion, Mac $ 8.68 billion, iPad $ 7.61 billion, wearables, home and accessories $ 11.91 billion.
O PED30 roundup has the same story.
The professionals I have heard so far expect Apple to outperform the first quarter results of last year across all categories – by about 13% on the top and bottom lines.
Everyone expects high hardware sales, as pandemic blockages have increased sales of laptops and tablets by people who work and study at home. There were also several indicators that sales of the iPhone 12 exceeded Apple’s expectations.
Investopedia says analysts and investors expect this to be matched by a similar pandemic bonus for services.
Apple services include streaming services such as Apple TV + movie and TV entertainment provider, Apple Arcade video game vendor, news services and digital content stores, including iTunes Store and App Store, as well as Apple Pay and AppleCare . It also includes a variety other services that support Apple hardware devices. Revenue from Apple’s services business tends to be more stable and predictable than revenue from its products, and services also have dramatically higher margins.
Analysts expect Apple’s service revenue to rise to $ 14.9 billion in the first quarter of 2021, its highest level in at least four years.
Again, Apple is expected to offer no guidance for the current quarter, but AB Bernstein says the company will offer ‘guidelines’ – some indicators of what it thinks the quarter will look like, but falling short of any forecast for specific recipes.
Of course, we will bring all the numbers and executive comments today.
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