The iPhone continues to sell well, and JPMorgan Chase & Co. raised Apple's estimated revenue

According to reports, JPMorgan Chase released a research report this week that despite supply chain restrictions, Apple's financial performance in the past holiday season will still exceed the expectations of Wall Street analysts and will set a new historical record.

JPMorgan analyst Samik Chatterjee gave a forecast for Apple's fiscal first quarter of fiscal 2022, the fourth quarter of 2021, in the research report. The quarterly results will exceed Wall Street expectations and will break the company's past records.

Chatterjee expects Apple's revenue to be $119 billion in the quarter, up from $111.4 billion in last year's holiday quarter. Wall Street currently estimates an average of about $118 billion.

It is reported that in 2023, the new generation of iPhone will no longer rely on Qualcomm's 5G modem chip (modem), will begin to use their own design of the chip, semiconductor supply chain recently came out, Apple technology has been developed, will take TSMC's 5-nanometer family process, the annual production capacity of 120,000 pieces, contributing to TSMC's 2023 operating growth momentum can be expected.

In addition, according to a previous report released by market research firm Counterpoint Research, Apple is the largest smartphone manufacturer in the Chinese market based on iPhone sales in October 2021. Later, although it was once surpassed by vivo, it regained its share of trading in early December last year.

"After the release, Apple was in the lead most of the time, only briefly surpassed by local rival vivo." The research firm said, "The new iPhone 13 led to success. ”

"The relatively low starting price at the time of the launch in China, as well as new cameras and 5G features, all boosted sales," the company said. In addition, Apple's main competitor in the high-end market, Huawei, is also facing a decline in sales. ”

The iPhone 13 model is reported to account for 51% of iPhone sales, the iPhone 13 Pro Max accounted for 23%, the iPhone 13 Pro was 21%, and the iPhone 13 mini was 5%.

Counterpoint's study did not include other iPhone models, but the company notes that the current success "has also been accompanied by the strong performance of the iPhone 12," which "contributed to Apple's overall sales growth."