based upon the fact they pre-announced earnings that will be "toward the high end" of their stated range. If they were not going to exceed guidance, why would they pre-announce? I believe they may beat guidance by a good margin (no pun intended) since even a slight beat of guidance would be acceptable to the market (without a pre-announcement).
Remember that Apple is trying to recalibrate the market regarding how they provide guidance. The company is trying to be more realistic with guidance vs. how they would always sandbag the guidance in the past. If they beat guidance by a wide margin (and didn’t pre-announce), they would begin to be criticized (again) for sandbagging the numbers. Given that they pre-announced, they in fact “warned” the market that the quarter will be quite good. Anyone else follow this logic?
Frankly I kind of liked the sandbagging as long as I had my tool to estimate their real earnings. However the tool got notorious and Apple changed some things, rendering it useless. Oh well, I guess some companies don't like to see their entire business model reduced to one number accessible to the public.