Apple's Quarterly Earnings Set To Beat Analyst Estimates

Apple is set to report is quarterly results on Wednesday. Earnings forecasts call for a minuscule gain in its profit to $10.17 a share on revenue of $43.55 billion, essentially flat compared to the same period of last year. Investors will eagerly be watching iPhone unit sales, but they are still clamoring for a new innovative product launch. Apple recently introduced the iPad with Retina display and the much-awaited Carplay, both of which are expected to boost growth and profitability of the company in the near term.