The average forecast of the earnings growth year over year is 18%. The year over year revenue is seen to grow by 8.5%.
This is the first earnings call after the big stock split. Apple's stock had a good run over the last few months. It rose 26% since April. It still did not pass the new magic level of $100. Right now the AAPL stock trades at $94.
Apple is expected to release the new iPhone 6 this fall and latest reports say that it will be the largest iPhone launch in history. Apple has reportedly ordered 80 million iPhone 6 units for the 2014 sales period.
Watch also the new MacBook Air TV ad that draws a lot of attention today below.