Get ready for Apple’s first $100 billion quarter in history [Yahoo! Finance News]
Apple Inc. (AAPL)
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Source: Yahoo! Finance News
Even a pandemic can’t stop Apple Inc. from hitting new records.The smartphone giant is expected to post its first-ever quarter with more than $100 billion in revenue Wednesday, driven by a strong early performance for its new iPhone 12 line as well as continued demand for Macs and iPads for remote work and school needs.Apple’s, +1.88%which began to roll out in Octobermost successful product launch in five yearsCustomers seem to be increasingly opting for higher-priced iPhone models and more expensive storage configurations, which would boost the average selling price of devices and help the company’s profit margin. Apple no longer provides unit-sales metrics that shed light on its average selling prices, but the company usually offers some qualitative comments about which devices are performing best.Apple has also seen strong sales of Macs and iPads amid the pandemic, with more people working and studying from home, and that momentum is expected to have continued into the fis
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AAPL
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AAPL
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