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Wall Street analysts expect Apple to set a new milestone by topping $100 billion in holiday quarter sales

Wall Street analysts expect Apple to set a new milestone by topping $100 billion in holiday quarter sales

Apple CEO Tim Cook at Apple headquarters.
Apple/Business Insider screen capture




Wall Street analysts expect Apple's quarterly revenue to top $100 billion for the first time.




Morgan Stanley analysts expect "a record December quarter print."




The average revenue estimate is $102.76 billion, according to analysts polled by Yahoo Finance.




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Apple on Wednesday is expected to post quarterly revenue topping $100 billion for the first time, according to Wall Street analysts. The consensus estimate is $102.76 billion in sales for the quarter ended December 31, Apple's fiscal first quarter, according to 27 analysts estimates via Yahoo Finance.The highest estimate is $110.21 billion, according to the site. "We are buyers ahead of what we expect to be a record December quarter print," Morgan Stanley analysts Katy L. Huberty and Erik W. Woodring wrote in a research note. The analysts have an "overweight" rating on Apple's stock, with a price target set at $152.
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