Following the schedule, Apple’s financial report will be announced tomorrow. Of course, the announced results will affect the company’s stock price.
According to statistics coming our way from media, market analysts currently estimate that Apple’s first fiscal quarter revenue is $88.45 billion on average. Thus, it will exceed the historical revenue of $88.29 billion made in the first quarter of the fiscal year 2018 (as of the end of December 2017). A year ago, the market had expected Apple’s revenue for the first quarter of the fiscal year 2019 to exceed $90 billion. However, due to weak emerging markets, Apple’s revenue failed to meet its targets, resulting in a subsequent plunge in its stock price.
Apple plans to launch a cheap version of the iPhone this spring and then a 5G version of the iPhone later this year. We have also heard that Apple may release new devices one after another, instead of releasing all models in the fall. This may be done to more permanently change the way it launches new iPhones.
Of course, for them at this stage, supporting the current company’s stock price still depends on the iPhone’s hot sales. And AirPods’ hot sales are also very critical.
Also Read: AirPods Sales Will Grow To $15 Billion In 2020, Doubling Current Sales
The iPhone 11 hot sale may allow Apple to add 10 million units. This is quite important for AirPods sales as well because they are acquired by iPhone users. It’s expected Apple’s wireless earphones will sell over 60 million units. And once this happens, the Cupertino-based company will become the absolute king of the headset market.
Let’s see which of these indicators will be reflected in Apple’s financial report.