LIVE: Apple earnings
In the short term, analysts and investors will be watching to see if iPhone sales are seeing a "pause" ahead of a big expected iPhone launch this fall.
Apple may also give a hint about the upcoming iPhone release date in its revenue guidance for next quarter.
Here's what analysts are forecasting on average, via Bloomberg:
Q3 EPS (GAAP): $1.57
Q3 revenue: $44.95 billion
Gross margin: 38.2%
iPhone unit sales: 41.1 million
iPhone average sales price: $628
Q4 revenue guidance: $49.12 billion
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