(San Francisco)

In an eye-opening piece of data, Apple is about to break its own record for profitability. The company is about to report fourth quarter earnings, the first quarter which will include the new iPhone X, and revenue growth is supposed to be in the double digits for the first time in years. Apple is supposed to have sold 81m iPhones, boosting revenue 11%.

FINSUM: So what we like about these forecasts is that (if they come true) they are a profitability record and not a valuation record. They will help reinforce the stock’s price.