The first three months of 2021 could be very profitable for Apple. In any case, this is the point of view of JP Morgan analyst Samik Chatterjee, who has just published a note on this subject. According to him, the apple brand should for the first record revenues over $ 100 billion in the first quarter.
The fourth quarter of 2020 also promises to be very successful
Several factors explain this success. He first noted the very good sales results of the new range of iPhone 12 compatible with 5G. That is expected to translate into around 80 million units shipped in January, February and March.
The strengthening of teleworking is also linked to these good prospects for Apple. The author expects very good sales results for Macs and iPads, according to his sources on the company’s supply chains. Finally, the service sector is also a real source of hope for the company. Here again the future looks bright if we believe the figures of the App Store which are in good shape.
These very optimistic forecasts are in line with those of Morgan Stanley expert Katy Huberty that we told you about recently. She expects an excellent fourth quarter from Apple and generally cites the same argument as her counterpart from JP Morgan.