‘Forecast blockbuster beat: Here’s what 4 Wall Street analysts expect from Apple’s 1st-quarter earnings report

‘Forecast blockbuster beat: Here’s what 4 Wall Street analysts expect from Apple’s 1st-quarter earnings report

Account active since The consensus estimate is $102. 76 billion in sales for the quarter ended December 31, Apple's fiscal first quarter, according to 27 analysts estimates via Yahoo Finance. "The Street is anticipating robust results from Apple on Wednesday after the bell with Cupertino expected to handily beat Street estimates across the board," said Wedbush's Daniel Ives. Analysts led by Samik Chatterje said they're forecasting a "blockbuster beat" for Apple on Wednesday. "Apple will report its first $100bn+ revenue quarter with the momentum from early adopters of 5G iPhones as well as continuing WFH tailwinds to iPad and Mac lineup; we expect above drivers to help in reporting a large beat to sell-side consensus as implied in our (likely street-high) revenue/EPS estimate of $110 bn/ $1. 56 vs. consensus $102 bn/$1. 41 for F1Q (Dec-end)." The analysts forecast Apple to sell 80 million iPhone units in the first quarter, which will support iPhone revenues of $66 billion. "Based on our Asia supply chain checks, we strongly believe the iPhone 12 supercycle hype has become a reality with this week giving the Street its first glimpse of underlying iPhone 12 demand and key commentary from Cook looking ahead into the