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Apple’s Q2 revenue is expected to grow by 15% year on year in 2021 From Horace Dediu

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Apple’s revenue grew significantly during the holiday season and during the epidemic, and that growth will continue into the second quarter of 2021, according to one analyst. Analyst Horace dediu expects apple to report its second quarter results in late April, when revenue will grow 15% year-on-year. Dediu also expects earnings per share to grow 11% year-on-year in the “Goldilocks quarter.”.

This prediction is based on the analysis of Apple’s performance and current data during the new crown pandemic.

As dediu points out, Apple’s share price fell sharply in the early days of the global health crisis. The analyst recalled that it had been said that Apple would collapse as a company because no one would buy luxury goods like the iPhone at that time. However, this is not the case.

“This crisis has proved that technology is not a luxury, but a necessity, and that better technology is far more valuable than less effective technology. The cost of buying better machines has increased, “dediu wrote.

Dediu said that during the holiday season, every line on Apple’s income statement had double-digit growth. From the Mac to the iPad, net sales of every product category increased by 21%.

Dediu believes that the extra revenue not spent on holidays, restaurants and entertainment is more likely to be used to buy new equipment than to attribute technology spending to government stimulus.

Looking ahead to 2021, dediu pointed out some favorable data for apple. Air potino, a technology giant, currently has 8.8 billion young iPhone users in the United States. In addition, the growth of the Chinese market continues, and apple suppliers report their own good news.

“Growth doesn’t seem to be slowing, although shortages of some parts have delayed the launch of some non iPhone products. Apple’s cautious remarks three months ago may not make sense now, “dediu said.

As a result, the analyst initially predicted that Apple would have 15% revenue growth and 11% earnings per share growth in the second quarter of 2021, consistent with the first quarter.

More reading from cnBeta: ZDNet: Apple’s quarterly revenue exceeds other technology companies’ total revenue of $220.2 billion in fiscal year 2014, of which iPhone revenue exceeds 50%, sensor tower: Apple’s tax in the first half of 2017 reaches $4.9 billion, exceeding Apple’s total profit ten years ago, which continues to be depressed! Will Apple rebound? ——Moody’s: Microsoft and Apple will account for the majority of IT industry revenue in 2018 Far more than Huawei, Lenovo and other local brands’ 2013 Silicon Valley top technology companies’ revenue report Apple’s revenue exceeds HP, Google and Cisco’s total. It is estimated that Apple’s iPhone revenue will account for 63.1% in 2017. Om Malik: why does Apple pay more and more attention to China’s market because it is a cash cow? Apple’s revenue is seriously unbalanced: more and more dependent on iPhone newzoo: 2014 technology companies’ revenue ranking in China Apple’s revenue is three times of Tencent’s. Barnes & Noble financial report: Q3’s revenue was 316 million US dollars in 2012, nook’s business was in a slump?

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