Apple Gross Margin To Rise In Q1 2020 & Will Clock $2 Trillion Net-Worth By 2021 According To Analyst

• Apple Gross Margin To Rise In Q1 2020 & Will Clock $2 Trillion Net-Worth By 2021 According To Analyst

• Cupertino Tech Giant To Hit $2 Trillion By 2021

The world most valuable company Apple Inc (NASDAQ:AAPL 313.87 0.38%) will be dropping an important earnings release by ending of this month. 

Is good to know that the company made a hell lot of profits last year with iPhone 11 series and AirPods during the December quarter.

The company became the first tech stock to cross a $1 trillion evaluation mark in 2018. Now, with its 1Q earnings looming on the horizon, Wedbush Securities' Jon Ives believes that Apple might double a $1 trillion market capitalization within two years. Additionally, Amit Daryanani of Evercore believes that in its upcoming earnings call, Apple will improve gross margins and surpass the midpoint of its revenue guidance provided last quarter.

In its earnings release for the third quarter, Apple provided revenue guidance ranging between $85.5 billion - $89.5 billion for the next three months. This marks for a 1.4% - 6.1% year-over-year increase over the company's first quarter of the fiscal year 2019, when it had reported a 5% year-over-year decline. 

Evercore, for its part, expects that a strong holiday season has helped Apple (NASDAQ:AAPL 313.87 0.38%), with a better product mix and price drops in the NAND market looking to push Apple's gross margin to 38.26% in the December quarter.

This air of positivity comes a day after Jon Ives of Wedbush speculated on CNBC that he expects Apple to cross $2 trillion in market valuation by the end of 2021. Ives bases this assumption on what he's terming as a '5G supercycle'. This supercycle can lead 350 million iPhone users to upgrade their devices to those featuring the next-generation cellular networking standard. Ives also states that Apple's true share price value backed by the company's fundamentals is $400/share.
Right now...Apple Inc is trading for $314.24 in the open market, up by 0.5% over yesterday's close and 0.86% short of its 52-week high. The company is set to report its earnings for the first quarter of fiscal year 2020 on January 28th.