Best Top Reviews Online

Apple Is Going To See Another Record-breaking Fourth Fiscal Quarter

Apple is on track to outperform Wall Street’s fourth fiscal quarter expectations and quarterly revenue records, with JP Morgan forecasting $90 billion in revenue for the company.
JP Morgan analysts forecast $90 billion in revenue for Apple in a note to investors obtained by AppleInsider. This is higher than the current Wall Street consensus of $88.6 billion for the quarter. In the fiscal fourth quarter of 2021, Apple earned $83.4 billion.

JP Morgan anticipates earnings per share of $1.31, compared to the consensus of $1.26 for the same time period.

According to the report released on Wednesday, Apple will ship 55 million iPhones in the fiscal quarter, up from the consensus of 52 million. It’s difficult to compare this to iPhone 13 shipments in 2021 because the device’s release cycle was later, and the majority of the early sales surge occurred outside of the quarter.

The forecast predicts 8% revenue growth year over year, boosted by Apple shipping the iPhone 14 series earlier in September than the iPhone 13.

According to a report published on October 2, the iPhone 14 Pro models are still in high demand. The average delivery time for the iPhone 14, Pro, and Pro Max across all regions is two days, 33 days, and 40 days, respectively.

Since its release on October 7, the iPhone 14 Plus has had a six-day lead time in the United States. The iPhone 14 has a shorter lead time than the iPhone 13, while the Pro models are about the same.

JP Morgan rates Apple stock as overweight, which means they believe it is worth purchasing because it has outperformed broader technology stocks and the S&P 500 index year to date.

The firm set its price target for AAPL stock at $200 in April 2022, and that hasn’t changed in this latest investor note.

Why Trust Us?

Best Top Reviews Online was founded in 2018 to provide our readers with thorough, unbiased, and independent advice on what to buy. We now have millions of monthly users from all over the world and evaluate over 1,000 products per year.

The article above was written by the BestTopReviewsOnline team, which includes many of the US’s most knowledgeable technical experts. Our team includes well-known writers with extensive experience in mobile phones, computing, technology, photography, and other fields.

Related Stories

  • All Post
  • Audio
  • Best Picks
  • Computers
  • Explainers
  • How To
  • Laptops
  • Mobiles
  • Monitors
  • News
  • Smart Home
  • Smartwatches
  • Tablets
  • Tech
  • TVs
  • Versus
How Does A MacBook Work?

November 30, 2022

Apple unveiled the MacBook in the spring of 2006, a 13-inch (33-centimeter) laptop that would quickly become a phenomenon. It took the place of Apple’s everyday laptop, the iBook, and the professional model, the PowerBook – two laptops that were…

Editors' Picks

  • All Post
  • Audio
  • Best Picks
  • Computers
  • Explainers
  • How To
  • Laptops
  • Mobiles
  • Monitors
  • News
  • Smart Home
  • Smartwatches
  • Tablets
  • Tech
  • TVs
  • Versus

Get more info

Deals

Reviews

Best Products

Buying Guides

Contact Us

About Us

We provide a platform for our customers to rate and review services and products, as well as the stores that sell them. We research and compare the most popular brands and models before narrowing it down to the top ten, providing you with the most comprehensive and reliable buying advice to help you make your decision.

Disclaimer

BestTopReviewsOnline.com is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon.com. As an Amazon Associate I earn from qualifying purchases.

 

Address & Map

20 S Santa Cruz Ave, Suite 300, Los Gatos, CA 95030, United States

© 2022 BestTopReviewsOnline.com Pty. Ltd. All Rights Reserved. Licensing: All third-party trademarks, images, and copyrights used on this page are for comparative advertising, criticism, or review. As this is a public forum where users can express their opinions on specific products and businesses, the opinions expressed do not reflect those of BestTopReviewsOnline.com.