In a note to investors — as noted by AppleInsider — investment bank UBS has raised its Apple December quarter estimates, citing better-than-expected iPhone shipments, average selling prices, and Mac sales.
USB analyst David Vogt raised his Apple revenue estimate for the first quarter of 2021 to US$106.9 billion, up from $98.9 billion. He also bumped up his earnings-per-share (EPS) estimate to $1.45, up from $1.35. Vogt is expecting:
° December iPhone unit shipments to clock in at about 78.5 million, around 5 million shipments better than his previous forecast of 73.5 million. Those shipments numbers are coupled with an higher-than-expected average selling price (ASP) because of a consumer skew toward the iPhone 12 Pro and iPhone 12 Pro Max.
° Apple to report iPhone revenue of $63.8 billion during the quarter, well above his prior prediction of $58 billion and above Wall Street consensus of about $59 billion.
° iPhone shipments totaling 215 million units in 2021. That would represent 13.5% year-over-year growth after shipments of around 190 million in 2020.
° Mac shipments to come in around 6.9 million units, up 3% sequentially. Those numbers could drive Mac revenue to around $9.5 billion, 10% higher than consensus.