Tomorrow, October 29, Apple will issue a report with fiscal data for the fourth quarter. The forecasts are that the company has grown at the same rate as the last two previous quarters. Affirming and affirming that it is and has been the only company capable of generating net benefits in such a difficult period as this is the one that the entire world is experiencing because of the Coronavirus. The estimates of specialized companies are very positive.
Earnings of about $ 64 billion in fiscal fourth quarter data
Although Apple does not provide any earnings guidance for the fourth quarter due to the ongoing coronavirus pandemic, as it did with the third quarter, it is expected to have made it through this period without too much trouble, as in previous periods of this year. In fact, the forecasts of stock analysts (Wall Street) is that it will report a profit of around $ 64 billion according to the fiscal data of the fourth quarter that they handle.
This forecast coincides in figures with the one obtained in the fourth quarter of 2019. This means that although Apple has not generated economic growth in the same period of this year. Yes it has managed to stay. It is quite a feat, because in a "normal" year, without a global pandemic, it was able to generate those 64 billion profits. In a year 2020 with so many difficulties, he has been able to earn the same. How far would it have gone if there had been no pandemic?
Some investors and analysts, lower those expectations:
- Analyst Katy Huberty suggests that Apple's current Wall Street forecast for the September quarter is too high and it is based on too aggressive expectations of the iPhone.
- Daryanani predicts that Apple rit will bring in 62 billion dollars in revenue. A little lower than specified by Wall Street.
What is clear is that fiscal data for the fourth quarter will be good. Tomorrow we will see it and we will leave doubts.