The iPhone may be Apple’s future. But investors will listen attentively to its past today as Chief Executive Steve Jobs reveals how well the company’s existing products, notably its iPod and MacBook laptops, have been doing.
Apple will report first-quarter earnings, which include holiday sales, after the market closes. Analysts expect the company to report earnings of 78 cents per share on $6.42 billion of sales, representing a 20% year-over-year earnings increase and 12% year-over-year revenue jump. In October, Apple said it expected to post first-quarter earnings of 70 cents to 73 cents per share on sales between $6 billion and $6.2 billion.