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Apple Could Report Its First $100 Billion Quarter Next Week

TheMotleyFool

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Apple Could Report Its First $100 Billion Quarter Next Week

Apple (NASDAQ: AAPL) is scheduled to report fiscal first-quarter earnings next Wednesday, and expectations are running high. The Mac-maker's business is highly seasonal, with revenue spiking every year over the holiday shopping season as consumers scoop up the latest iPhone models that are typically released in the fall.

The iPhone 12 includes 5G technology throughout the lineup, and various data points continue to suggest that the newest iPhones are selling extremely well. The company is on track to report its first $100 billion quarter ever.