AAPL 2Q2021 Profit: Analysts Expect Significant Revenue Growth

Apple’s fiscal 2 / calendar quarter 2021 AAPL earnings will be announced tomorrow. Apple is known to have continued to benefit from the continued surge in technology spending during the pandemic, and analysts are expecting great gains.

Analysts agree that annual revenue growth will range from 32.2% to 36.8%, bringing last year’s $ 58.31 billion down from $ 77.10 billion to $ 79.77 billion in this year …

For earnings per share, growth estimates range from 53.1% to 68.8%.

PED30 checked the numbers by comparing the average predictions for four different categories. The lowest earnings estimate came from 27 analysts in the Thomson Financial survey, which accounted for 32.2%. Then there were 353 estimates in the crowdsourced average Estimize, which was 34.9%.

It was very similar to professional analysts sharing data with PED30, by 35%. The most optimistic are independent analysts who have done the same, with an average high of 36.8%.

Apple itself again did not give any forecasts for the quarter due to the uncertainty of the pandemic, including the potential impact of chip shortages. It is likely that the iPhone maker will also refuse to give any forecasts for the current quarter.

While the ratings are high, they don’t seem unfounded. Back in January, the company reported record profit for the holiday quarter.

Apple (AAPL) has officially reported its first quarter 2021 earnings, covering a lucrative holiday shopping season. For the first fiscal quarter of 2021, Apple reported record revenues of $ 111.44 billion and profits of $ 28.76 billion. […]

CFO Luca Maestri said: “Our business for the December quarter was driven by double-digit growth in each product category, resulting in record revenues in each of our geographic segments and a record for our installed base of active devices. – said Luca Maestri, Apple’s chief financial officer. “These results helped us generate a record operating cash flow of $ 38.8 billion. We also returned over $ 30 billion to shareholders during the quarter as we maintain our goal of achieving a net cash neutral position over time. ”

AAPL earnings for Q2 2021 will be announced tomorrow and we will of course provide you with a full income statement.

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