“Apple will report its fiscal first quarter results today after the market closes. Join Recode for live Apple earnings coverage and analysis beginning at 4:30 pm ET, 1:30 pm PT,” Dan Frommer writes for Recode.

“It’s likely to be Apple’s biggest quarter ever — at least by revenue — and possibly a real blockbuster,” Frommer writes. “Specifically, Apple could report more than $90 billion in quarterly sales for the first time ever — up from its previous record of $78.4 billion a year ago — beating Apple’s own forecast of $84 billion to $87 billion, and representing another quarter of accelerating revenue growth.”

Frommer writes, “The potential consequence: If Apple’s December quarter was much larger than projected — especially if iPhone X supply/demand issues were ironed out sooner than expected — it’s possible that will take some steam out of Apple’s March quarter forecast, which could then appear disappointing.”

Read more in the full article here.

MacDailyNews Take: As usual:

It’s all about the guidance.MacDailyNews, October 21, 2008

Apple’s conference call to discuss Q118 results is scheduled for Thursday, February 1, 2018, at 2pm PDT / 5pm EDT. The company will announce results that day after market close, typically right around 1:30pm PDT / 4:30pm EDT. As always, we’ll bring your the results as soon as they are available (simply check our home page at 4:30pm EDT on February 1st).

We plan to cover the conference call with live notes as usual. That link will appear on our home page around 4:45pm EDT on on February 1st.

SEE ALSO:
Apple set to beat its own record for the most profitable quarter in history – January 29, 2018
Apple earnings: Forget taxes and batteries, the $1,000 iPhone X remains the story – January 26, 2018
Apple likely sold over 100 million iPhones in Christmas quarter – January 26, 2018
Apple’s December quarter iPhone sales could top a stunning 100 million units – January 24, 2018
Canalys: Apple shipped 29 million iPhone X units in Q4 2017; world’s best-selling smartphone over the holiday season – January 23, 2018
iPhone X accounted for 1 in 5 iPhones sold by Apple in America last quarter – January 22, 2018
Apple to release Q118 earnings, webcast live conference call on February 1st – January 8, 2018