The Apple (AAPL) release has been the best earnings party of the quarterly reporting season for the last few years, and Oppenheimer analyst Yair Reiner expects more of the same tonight.
Contrary to rumors circulating Wednesday morning, what we're most likely to hear is that the iPhone 5 will be coming out in June or July this year, with the iPhone 6 appearing in 2012 at about the same time, said the Apple axe. That's about the only potential problem Reiner sees ahead of Apple's upcoming earnings report -- for which analysts on average are calling for a profit of $5.36 a share and sales of $23.3 billion for the quarter.
"I think it's been a very strong quarter for iPhone sales," he said.
Reiner sees no credible threat in the rapidly growing tablet space, despite concerns that supply chain disruptions in Japan could derail iPad 2 shipments by months. Apple seldom breaks out specific information on suppliers, but Reiner is confident the company can handle any hiccups.Read More »from Apple: Expect Strong Earnings, but Don’t Buy the iPhone 6 Rumor