Wall Street analysts expect Apple to set a new milestone by generating over $ 100 billion in revenue in the vacation quarter

Wall Street analysts expect Apple’s quarterly revenue to exceed $ 100 billion for the first time. According to Wall Street analysts, Apple will publish quarterly sales of 100 billion US dollars for the first time on Wednesday. The consensus estimate for the quarter ended December 31st, Apple’s first fiscal quarter, is estimated by 27 analysts through Yahoo Finance at $ 102.76 billion. The highest estimate, according to the location, is $ 110.21 billion. “We are buyers ahead of what we expect for a record high in December,” wrote Morgan Stanley analysts Katy L. Huberty and Erik W. Woodring in a research report. Analysts have an “overweight” rating on Apple stock with a target price of $ 152. In the middle of the revenue estimates of 102.76 billion US dollars, according to Yahoo Finance, Apple’s quarterly revenue would increase by 16 percent compared to the same quarter of the previous year. The company is expected to release results after markets close on Wednesday.

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