Apple shares closed at a record high today, ahead of next week’s earnings results

Apple’s stock price closed at a record high of $ 139.07 today after hitting a new intraday high of $ 139.85 shortly before.

The earnings come just five days before Apple will report its earnings results for the first quarter of fiscal year 2021. Many analysts predict Apple’s quarterly sales will top $ 100 billion for the first time 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 + also launched last month and can be bundled with other services with Apple One.

Apple has fared well financially during the ongoing pandemic as many customers work, learn and connect with others from home, leading to strong iPad and Mac sales in particular. Apple products are also a popular gift during the holiday season.

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