Apple’s stock price closed at an all-time high of $139.07 on Friday. The stock hit a new intraday record of $139.85 a few moments before closing. The record price comes less than a week before Apple will report its earnings results for the first fiscal quarter of 2021.
Many analysts say Apple’s quarterly revenue will exceed the $100 billion mark for the first time thanks to strong iPhone 12 sales and the launch of several other hit products during the quarter. The Cupertino firm released the first three Macs powered by Apple silicon, the HomePod mini, AirPods Max, and a redesigned iPad Air. Apple also launched Apple Fitness+ during the quarter.
Apple has proven to stay strong financially, despite the ongoing COVID-19 pandemic, thanks to the need for their customers to work, learn, and entertain themselves from their homes. iPad and Mac sales should be a particular high point of the financial report.
The quarterly earnings statement will be released at 1:30 p.m. Pacific Time/4:30 p.m. Eastern Time. A conference call to discuss the report will take place at 2:00 p.m. Pacific Time /5:00 p.m. Eastern Time. You can listen to the call here, and MacTrast will also provide full coverage.
Apple’s earnings report will be released on Wednesday at 1:30 p.m. Pacific Time and will be followed by a conference call with Apple’s CEO Tim Cook and CFO Luca Maestri at 2:00 p.m. Pacific Time.