Apple expected to deliver monster earnings this afternoon

apple store
Credit: Philipp Klinger

In just a few hours, Apple will post its earnings results from its 2014 holiday quarter. Suffice it to say, the expectation that Apple will blow away earnings estimates on the back of strong iPhone sales is exceptionally high.

All told, the consensus on Wall St. is that Appel will post EPS of $2.65 on revenue of $68.29 billion. Product wise, analysts are anticipating iPhone sales to check in at 66.2 million units. As for the iPad and the Mac, those sales are expected to clock in at 21.1 million units and 5.49 million units, respectively.

By way of contrast, Apple during the same quarter a year-ago, posted split-adjusted earnings of $2.07 a share with revenue of $57.6 billion. During that particular quarter, Apple sold 51 million iPhones.

Without question, if Apple comes anywhere close to matching analyst expectations, it appears that Apple's Q4 2014 earnings will be the company's best yet, and may very well be one of  the most impressive quarterly reports in corporate history.

Underscoring the incredible growth Apple has seen with iPhone sales abroad, a recent report has suggested that Apple last quarter, for the first time, may have sold more iPhones in China than they did in the United States.

Over at Fortune, Philip Elmer-DeWitt has put together a handy spreadsheet which maps out all of the analyst estimates ahead of Apple's earnings conference call.

analyst estimates shot
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