Apple will reportedly announce the iPhone 15 Pro and iPhone 15 Pro Max with more exclusive features than their direct predecessors, likely enabling more purchases from customers. This potentially high frequency of upgrades may be one reason why Apple enjoys an excellent financial 2023, at least according to a few analysts.
2024 to be an even better one for Apple financially, near-$100 billion revenue predicted for Q2 2023 said to be higher compared to the same period in 2022
Improved iPhone sales have reportedly compelled analysts at Piper Sandler to come out with a prediction for Apple’s $98.836 billion revenue for the second quarter of 2023. As technology giants prepare for what is said to be a tough economic year, the same rules apparently do not apply to Apple, as the estimates provided by analysts are $1.558 billion higher compared to the same period in 2022.
For 2023, the same analysts believe Apple’s revenues will rise to $400.43 billion. For 2024, the Cupertino firm is said to enjoy an even better year, as it is predicted to make $425.94 billion in revenue. Piper Sandler did not specify the percentage of revenue coming from iPhone sales, but at this point, it is quite obvious where Apple’s bread and butter lies.
Additionally, Apple’s tremendous tie-in of software, coupled with the company’s seamless integration of other products such as the Apple Watch and AirPods, should make these purchases extremely popular amongst teenagers and adults. The iPhone 15 Pro and iPhone 15 Pro Max are rumored to receive a price hike this year, but according to these revenue estimates, being charged more may not break the confidence of consumers.
Piper Sandler analysts have not commented on the upcoming AR headset possibly opening a gateway for Apple to launch more products, generating a consistent revenue stream. This may be because these individuals do not view the AR headset to be successful when it is officially launched, meaning that the iPhone will likely remain Apple’s most prized product, helping it steer the company past the $4 trillion mark.
News Source: AppleInsider
About the author: Omar Sohail is a reporter and analyst for Wccftech's mobile section, specializing in the technology and business of the mobile industry. His expertise lies in the intricate hardware supply chain, covering developments in semiconductor manufacturing, chip lithography, and camera sensor technology.
Follow Wccftech on Google to get more of our news coverage in your feeds.
