LIVE: Apple earnings

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Tim Cook

REUTERS/Robert Galbraith

Apple CEO Tim Cook.

Apple will announce its fiscal first quarter earnings on Tuesday afternoon.

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It's an important quarter for Apple. The December quarter is typically Apple's biggest.

Here's what Wall Street expects, according to analyst estimates compiled by Bloomberg:

Q1 EPS: $3.22

Q1 revenue: $77.4b

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Gross margin: 38.4%

iPhone unit sales: 76.3

iPhone ASP: $688

Upcoming quarter revenue guidance: ~$54.0 billion

Apple also reports Mac and iPad unit sales. Here's what Apple reported a year ago:

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iPad unit sales: 16.12 million

Mac unit sales: 5.31 million

We'll be updating this post as the numbers come in - click here for the latest.

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