# **iPhone will still be Apple’s bottomless “gold mine” ** ## **The latest report from analysts confirms, iPhone is still the “key” for Apple to increase revenue in the next 2 years .** Recently, analysts at investment bank Piper Sandler have predicted an incredible fiscal year for Apple. The situation is even better in 2024, all driven by strong iPhone purchases. Before Apple released its financial results for the first quarter of 2023 on May 4, Piper Sandler made predictions for the first quarter and the whole year. In the first quarter of 2023, Piper Sandler predicts, Apple’s revenue is estimated at $ 98.836 billion. This number recorded an increase of $ 1.558 billion over the same period in 2022 and higher than Wall Street’s prediction. In fiscal year 2023, analysts estimate, “Apple House” revenue will increase from $ 394.33 billion to $ 400.43 billion. Still, Piper Sandler considers it a relatively small increase, with the company’s total revenue likely to top $425.94 billion for 2024. The investment banker’s above estimates are largely based on Research results from recent consumer survey. In the first quarter of 2023, Piper Sandler predicts, Apple’s revenue is estimated at $ 98.836 billion. This number recorded an increase of $ 1.558 billion over the same period in 2022 and higher than Wall Street’s prediction. In fiscal year 2023, analysts estimate, “Apple House” revenue will increase from $ 394.33 billion to $ 400.43 billion. Still, Piper Sandler considers it a relatively small increase, with the company’s total revenue likely to top $425.94 billion for 2024. The investment banker’s above estimates are largely based on Research results from recent consumer survey.
