Apple stock closed at an all time high today ahead of next week’s earnings

Apple’s stock price closed at an all-time high of $ 139.07 today after hitting a new intraday high of $ 139.85 moments earlier.

The gains come just five days before Apple reports its results for the first quarter of fiscal 2021. Many analysts predict that Apple’s quarterly revenue will exceed $ 100 billion for the first time. dollars thanks to strong iPhone 12 sales and the launch of several other products in the quarter, including the first three Macs with Apple silicon, HomePod mini, AirPods Max and a redesigned iPad Air. Apple Fitness + was also launched last month and can be combined with other services with Apple One.

Apple has prospered financially during the ongoing pandemic as many customers work, learn and connect with others from home, resulting in strong sales of iPads and Macs, among other things. Apple products are also popular gifts during the holidays.

Apple’s earnings report will be released at 1:30 p.m. PT on Wednesday and will be followed by a conference call with Apple CEO Tim Cook and CFO Luca Maestri at 2:00 p.m. PT. Apple’s current quarterly revenue record is $ 91.8 billion, set in the first quarter of fiscal 2020.