Apple (AAPL) - Get Report  will shine a light on how strong the demand is for the iPhone ahead of the upcoming tenth anniversary of the iconic device, as well as its services business, which is growing at a steady rate. 

"Apple is currently in the seasonal doldrums for the iPhone as the March and June quarters have historically been the seasonally weakest quarters of the year; however, we believe investors will continue to support the stock ahead of the iPhone 8 cycle that is expected to begin this fall," Drexel Hamilton analyst Brian White wrote in a note to investors ahead of the results. 

The Timothy D. Cook-led company largely depends on the popular smartphone, with the iPhone accounting for nearly 70% of Apple's total revenue in its most recent quarter. As the company looks to broaden the trend, it's focused on its services business, which includes things like the App Store, Apple Music, Apple Pay and other digital initiatives. 

In the most recent quarter, the Services business saw 18% year-over-year growth, the highest among any segments for Apple. Cook has said in the past that the Services business is on its way to becoming a the size of a Fortune 100 company.

Investors will also be looking to hear what Apple has to say about China, as well as its iPad business, which has struggled for several quarters. Apple recently refreshed its iPad products, launching a $329 device, which it hopes can compete with Google Chromebooks and other devices at the low-end of the education market, an area Apple has lost ground in in recent years.

Apple gave guidance when it reported first-quarter results earlier this year. It said it expects revenue to be between $51.5 billion and $53.5 billion, with gross margins between 38% and 39%, with a tax rate of 26%.

Analysts surveyed by Yahoo! Finance expect the company to earn $2.02 a share on $52.97 billion in revenue for the period. 

Over the past 12 months, shares of Apple have gained nearly 50% excluding dividends, compared to the near 11% gain in the S&P 500.

Here are five ETFs that may benefit if investors like Apple's second-quarter results.

iShares U.S. Technology ETF

The $3.26 billion iShares U.S. Technology ETF (IYW) - Get Report  has Apple make up 16.22% of its portfolio, charging investors an expense ratio of 0.43%.

Drexel Hamilton's White, who has a buy rating and a $185 price target on Apple, believes that foreign exchange will not be a big issue this quarter, but "certain components (e.g., DRAM) are likely to remain a headwind."

Technology Select Sector SPDR Fund

The $16.7 billion has Technology Select Sector SPDR Fund (XLK) - Get Report  has Apple make up 13.8% of its portfolio, charging investors an expense ratio of 0.14%.

UBS analyst Steve Milunovich, who has a buy rating and a $151 price target on shares, expects Apple to unveil another $40 billion buyback, along with raising its dividend.

"We expect Apple to update its capital return program, increasing the total amount authorized from $250bn to $310bn and authorized buybacks from $175bn to $215bn," Milunovich wrote in a note to investors. "We also look for a 10% boost to the dividend to $0.62."

Fidelity MSCI Information Technology Index ETF

The $805.1 million Fidelity MSCI Information Technology Index ETF (FTEC) - Get Report  has Apple make up 13.28% of its portfolio, charging investors an expense ratio of 0.08%.

RBC Capital Markets analyst Amit Daryanani expects Apple to report in-line results this quarter, and though investors are starting to turn their attention towards the second half of the year, there are some important "levers to monitor this quarter," including the change to the buyback and dividend, gross margins, iPhone channel inventory and it being a "call option on innovation."

Vanguard Information Technology ETF

The $11.9 billion Vanguard Information Technology ETF (VGT) - Get Report  has Apple make up 13.21% of its portfolio, charging investors an expense ratio of 0.14%.

iShares Edge MSCI Multifactor Technology ETF

The $3.3 million iShares Edge MSCI Multifactor Technology ETF (TCHF)  has Apple make up 12.68% of its portfolio, charging investors an expense ratio of 0.35%.