They can report $7 per share but nobody will be paying attention to that. All eyes will be on lack of Steve Jobs, lower margins due to increased contracts to secure parts due to Japan earthquake, and what will be the 3rd Q guidance. If Aapl comes with guidance that seems normal lowball for Aapl and there is no comment on iPhone5 or parts supplies for 3rd Q, I anticipate a selloff. In addition with upcoming S&P rebalancing, there will be selling pressure ahead no matter what their earnings are. I don't see how Aapl can get any traction unless they say they have secured all necessary supplies moving forward and their forecast for 3rd Q exceeds analysts estimates. I don't think they have to mention iPhone5 if their EPS forecast is very good. Margins could also be a gremlin but also won't matter if their EPS forecast is above expectations. However, I believe Aapl will customarily lowball their guidance and speculation on margins, parts, IPhone 5, and Steve Jobs absence, unless well addressed in the cc, will drop the stock.