LIVE: Apple Earnings!

Hello!

We're covering Apple's December quarter earnings report, which should hit somewhere between 4:00 and 4:30 east coast time.

This post is being updated as we go, so hit refresh for the latest, or click here.

This should be a mammoth quarter for Apple. By all accounts, Apple will shatter its records for sales.

For what it's worth, Apple was down 3.5% today, ahead of earnings.

Here, via Bloomberg, is what analysts are expecting:

• Revenue: $67.5 billion, which would be up 17% year over year.
• Earnings Per Share: $2.60, which would be up 25% year over year.
• iPhone units: 65 million, which would be up 27% year over year (whisper number is closer to 69 million).
• iPhone average selling price (ASP): $668 (it was $602.92 for the previous quarter).
• iPad units: 22 million, down 14% year over year.
• iPad ASP: $436
  
• Mac units: 5.5 million units, up 15% year over year.
• iPod units: 3.5 million.
• Gross Margin: 38.5%.
• March quarter revenue guidance: $53.70 billion.

To put these numbers in context, analysts estimate Google did $66.4 billion in revenue for all of 2014. Apple is going to generate more revenue in a three-month period if it meets analyst expectations.

Stay tuned, more to come...