Apple shares closed at an all-time high today ahead of next week’s results

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

The gains come just five days before Apple is filed to report its first-quarter results for fiscal year 2021. Many analysts predict that Apple’s quarterly revenue will exceed $ 100 billion for the first time thanks to strong sales of iPhone 12 and the launch of several other products during 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 included with other services with Apple One.

Apple has prospered financially during the ongoing pandemic, as many customers work, learn, and connect with other people from home, leading to strong sales of iPads and Macs in particular. Apple products are also popular holiday gifts.

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