Apple on Tuesday announced its quarterly earnings call for the first fiscal quarter of 2021 will be held on Jan. 27, offering a detailed breakdown of the important holiday quarter as the coronavirus pandemic rages.
As usual, the financial results for the typically high-revenue period will be published, followed by a conference call featuring CEO Tim Cook and CFO Luca Maestri along with analysts after markets close on that day.
According to an update on the Apple Investor Relations webpage, the conference call is set to occur on Wednesday, January 27, at 2 p.m. Pacific, 5 p.m. Eastern.
The first quarter results are typically expected to be the largest for Apple, based on historical seasonal trends, and stand to benefit the most from a raft of product launches that occurred in the fall. This will chiefly consist of the release of the iPhone 12 range, including the iPhone 12 mini, iPhone 12 Pro, and iPhone 12 Pro Max.
While the AirPods Max launched within the quarter, their release in the closing weeks means it won’t make any meaningful dent in revenue.
Analysts will be keen to see if the quarter will beat the record-breaking Q1 2020 quarter, which saw revenue of $91.8 billion stemming from extremely strong iPhone 11 sales. There is some uncertainty surrounding whether or not Apple will set another revenue record, given much of 2020 was affected by the COVID-19 pandemic, which affected both Apple’s production and sales.
As with other quarters during the pandemic, Apple declined to provide a revenue prediction during its Oct. 30 fiscal results.
For Q4 2020, Apple saw revenue of $64.7 billion, up 1% year-on-year, with gross margin also up 1.5% to $24.7 billion. Revenue from iPhone was down 20.7% year-on-year to $26.4 billion, potentially caused by the decision to delay the launches of the iPhone 12 range.
Despite the reduction for iPhone sales, the drop was buoyed by increases in its other market segments, with iPad up 46% year-on-year, Mac up 29.2%, Services at 16.3% up, and the Wearables, Home, and Accessories category was also up 20.8%.
AppleInsider will offer full coverage of the earnings call on Wednesday, Jan. 27, starting at 2 p.m. Pacific, 5 p.m. Eastern.
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