The technology boom is finally here, and the predictions of how it will unfold aren’t quite what you think they will be.
The first quarter was a success for many, with Microsoft beating its Wall Street forecasts and Apple beating the S&P 500’s.
The second quarter will be different, as Apple is expected to announce earnings figures of $1.9 billion on Thursday.
That’s not the most significant news of the quarter, but it’s still a good sign for Wall Street’s expectations.
The iPhone and iPad maker’s revenue for the quarter came in at $38.7 billion, a 17% increase over the same period last year.
Apple is the biggest tech company in the world, but that’s just one indicator of its growth potential.
According to Gartner, the company generated $4.3 trillion in revenue last year, and it’s expected to be a bigger player in the future.
Gartner projects that Apple will be worth $80 billion by 2020.
That’s a lot of money, but not as much as the company was expected to generate in the first quarter.
Apple was expecting to generate $52 billion in revenue for fiscal year 2019.
According to Gartsner, Apple’s growth rate in 2019 was the second-highest among all the major tech companies, trailing only Google.
The company’s growth in 2020 was the third-highest of all tech companies.
It will be interesting to see if the company’s first quarter will resemble its last, and whether Apple will take a huge hit from a drop in the price of the iPhone.