Apple Inc shares were trading lower than usual, by about 4%. However, that result was somewhat expected as investors are waiting for the upcoming iPhone 12, which brings much-anticipated 5G technology to users' hands, delivering lightning-fast mobile internet speeds. Investors are counting on 5G to raise the prices of AAPL shares.
What were Apple's Revenue numbers?
Revenue numbers churned out mixed results for the two trillion-dollar company. Total revenue stood at $64.7 billion, roughly 1.6% greater than the predicted $63.7 billion. In terms of earnings per share, they were also higher than expected by 4.3%, costing $0.73 per share as opposed to $0.70. iPhone revenue saw a substantial dip, probably due to customers holding off on purchasing new phones, as the next generation models are just around the corner - and totaled out at $26.4 billion, falling short of the 27.9 billion estimates.
The new iPhone 12 and investors
The new iPhone 12 and investors, it's estimated that iPhone sales in Q1 of next year will increase by 6.5% when compared to 2020 figures. In fact, Q1 2021 s predicted to hit $59.6 billion, and such positive estimates have got investors in AAPL expecting bumper returns.
Apple Shares vulnerable to dip
The coming iPhone 12 is highly anticipated, and while that's excellent news for investors in Apple Inc, it's also causing high levels of vulnerability for AAPL shares. However, if the new iPhone exceeds expectations on the opposite side of the coin, then share prices could go through the roof, possibly resulting in top-line growth for a few years.