AppleAfter markets close Thursday, the company will release its fourth quarter fiscal earnings.

According to Refinitiv, here’s what Wall Street expects:

• RevenueExpected Value: $84.85Billion
• Earnings per shareExpected Price: $1.24

Apple’s current situation is one of rapid growth. Sales of iPhones (iPads), Macs, and iPads have all exploded since the pandemic. Apple’s fiscal 2021 quarters were awash with product growth.

Apple’s fourth-quarter ended September and only includes a few iPhone 13 sales. Therefore, analysts should not draw conclusions from earnings regarding the strength of Apple’s new product cycles. However, company representatives may provide some insight into demand.

The comparison is easier than the one last year. This is because iPhone 12 models are not available in the 2020 fourth-quarter. Additionally, customers will often wait to buy new devices if they find out about them.

Wall Street expects that Apple will see an increase of over 31.1% this year, continuing the hot streak in growth.

Apple’s supply chain challenges and current shortages of parts are causing uncertainty.

Apple CEO Tim Cook stated in July that he paid more freight than he intended to and that supply problems across the industry would affect the sales of the iPhone. Apple Watches and iPhone 13 models are among the many products that have been backordered at its online store.

Apple’s App store and its services business have also grown strongly in 2021. This supports Apple leadership’s argument that there is opportunity for it to sell music, video and cloud storage to current iPhone customers.

Services revenue increased 33% in the last quarter after experiencing 27% and 24% growth respectively in Q2 & Q1. This is higher than any growth rate in the past year, which was in the middle teens. Analysts say that investors could be more inclined to invest in Apple’s stock if the company’s services businesses continue to grow at an equal rate.

Apple has not provided guidance on revenue since the outbreak of the pandemic. This is due to uncertainty. Apple has instead offered single data points.

Holiday sales drove Apple to its biggest quarter of the year in December. Refinitiv analysts polled expect $119.7 billion sales. That’s 7.4% increase annually. Analysts will watch to see if Apple releases a guide or if the market is more bullish. If Apple provides guidance, it will be the most accurate indicator of the strength and potential future growth for the iPhone 13.