After trading on the markets closes today, Apple is going to report earnings from the first fiscal quarter of 2014. Many Wall Street analysts have already made their predictions, some believe that Apple might have shipped over 55.3 million iPhones and over 25 million iPads in the quarter ending December 2013, whereas more bullish analysts believe that combined, iPhone and iPad shipments might have crossed 80 million units.
Both the iPhone and iPad are expected to have record quarters, with nearly 57 million units of the former and 25 million units of the latter being moved. This quarter will represent record shipments particularly for the iPhone. Mac shipments are believed to be over 4.6 million units with expected gross margins of 37.5 percent. The Street predicts that Apple may post as much as $58 billion in revenue, which translates into $14.35 in earnings per share. In the same quarter last year, while the company posted record quarterly profit, it revealed that over 47.8 million iPhones, 22.9 million iPads and 4.1 million Mac computers had been shipped. Investors weren’t too happy with the results, particularly with Mac sales, despite Apple setting new records. There won’t be much need to ponder over predictions later today, as the quarterly results will drop soon after trading closes. Apple CEO Tim Cook will then go on a conference call at 5 PM Eastern Time