Apple shares close higher today, ahead of next week’s results

Apple’s stock price closed up $ 139.07 today after reaching a new intraday record of $ 139.85 just before.

The gains occur just five days before Apple announces its earnings results for the first quarter of fiscal 2021. Many analysts predict that Apple’s quarterly revenue will exceed the $ 100 billion mark for the first time, thanks to strong sales iPhone 12 and the launch of several other products in the quarter, including Apple’s first three silicone Macs, HomePod mini, AirPods Max and a redesigned iPad Air. Apple Fitness + was also launched last month and can be included in other services with the Apple One.

Apple prospered financially during the ongoing pandemic, as many customers work, learn and connect with others at home, leading to strong iPad and Mac sales in particular. Apple products are also popular holiday gifts.

Apple’s earnings report will be released on Wednesday at 1:30 pm Pacific time and will be followed by a conference call with Apple CEO Tim Cook and CFO Luca Maestri at 2:00 pm Pacific time. Apple’s current quarterly revenue record is $ 91.8 billion, set in the first quarter of fiscal 2020.