March 28, 2023
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Benefiting from the big sales of the iPhone 14 series, JP Morgan expects Apple’s fourth-quarter revenue to reach 700 billion

The popularity of the iPhone 14 series has always been high. When it was first released, it has aroused heated discussions around the world, and when it was launched in Hong Kong, it set off a wave of panic buying, which shows that its voice is very high. Recently, some banks predict that Apple’s revenue in the fourth quarter will hit a new high thanks to the sales of the iPhone 14 series.

According to foreign media reports, Bank of America JPMorgan Chase pointed out in its report that thanks to the sales of the iPhone 14 and iPhone 14 Pro series, Apple’s revenue in the fourth quarter of this year is expected to be higher than expected, at 90 billion US dollars (approximately $ 90 billion). HK$706.4 billion). If the forecast is accurate, Apple’s revenue in the fourth quarter of this year will be $6.6 billion (approximately HK$51.8 billion) higher than the $83.4 billion (approximately HK$654.6 billion) in the fourth quarter of 2021.

The report also predicts that Apple’s earnings per share will be US$1.31 (about HK$10.28) per share, which is also higher than expected. On top of that, JPMorgan expects shipments of 55 million iPhones this quarter, 3 million ahead of the 52 million expected.

Data and picture sources:Apple Insider

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Ewen Eagle

I am the founder of Urbantechstory, a Technology based blog. where you find all kinds of trending technology, gaming news, and much more.

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