Apple Declares its Third Quarter Earnings

Apple is getting on with its announcement of its earnings in the third quarter of 2021, after the closing bell on Tuesday. The predictors have predicted a strong sales performance of the iPhone. But a forecast slowdown in the future quarters for the App Store revenue, thanks to the vaccine-related re-openings and tough comparisons to the year 2020, could send out proper guidance for the coming quarters lower.

The company’s revenue is expected to be $73.8 billion, whereas it was $59.7 billion in the third quarter of the year 2020.Earnings per share are expected to be $1.01 and were $2.58 in the third quarter of 2020.The revenue from iPhone is predicted to touch $34.5 billion.

set against $26.4 billion in the third quarter of 2020.An amount of $16.3 billion has been forecasted for services revenue compared to $13.2 billion in the third quarter of the year 2020.According to analysts and forecasters, the iPhone 12 will prove to be a constant boon for the company in the third quarter of 2021.

 This is because the demand for the smartphone climbs on the back of its presence of 5G capabilities. The iPhone 12 has been the foremost device to have sold for Apple because it had driven the striking growth in its sales when the sales of smartphones were falling sharply.Wedbush’s Dan Ives has offered a similar sentiment in his analyst note, saying that the consensus guesses fall short of reality.