Apple expects the fourth quarter of 2021 to be the best quarter in the company's history

New Apple products in the fourth quarter Sales included the redesigned iPhone 13, Apple Watch 7 Series, sixth-generation iPad Mini, ninth-generation iPad, third-generation AirPad, and 14- and 16-inch MacBook Pro models. Apple also launched the Home Pod Mini in three new colors and a cleaning cloth. Morgan Stanley, chief financial analyst at Katie Huberty, also predicts that Apple's revenue in the first quarter of 2022 will reach $ 122.3 billion. It is estimated that Apple's revenue for the first quarter of 2022 will exceed $ 120 billion, and the company will achieve a new record largely thanks to iPhone sales.

Despite the Corona pandemic and the problems the virus has created for tech companies, Apple made that revenue during the pandemic era because of the tech giant's gadgets and services. Has been in high demand. Regarding the company's services, it should be said that Apple also earned $ 19.2 billion from its services, which has experienced a huge growth of 21.7% compared to last year. Overall, the US tech giant is expected to record a gross profit of 41.9% and earnings per share of $ 1.97 in the fourth quarter of 2021.

Apple's fourth quarter earnings results Will report 2021 on Thursday at 13:30 local time. There will also be a conference call with Apple CEO Tim Cook and Apple Chief Financial Officer Luca Mastery. It should be noted that the American technology giant was previously named the world's first public company with a value of $ 3 trillion. It remains to be seen whether the company's report on Thursday can set a new record for the American tech giant.

Source: Macrumors