Apple (NASDAQ: AAPL) shares opened last week on Tuesday morning at $107.84 and made gains for the rest of the week, closing at $112.98 on Friday. Apple will announce its Q1 FY15 earnings tomorrow at 5 PM ET. Most analysts expect very positive numbers from the holiday quarter, and for that success to continue into Q2, as the iPhone 6 is still in very high demand, especially in China.
Ming-Chi Kuo, of KGI Securities, expects record breaking sales of 73 million iPhones over the holiday quarter. He also estimates 61.3 million sales for Q2, which would be up from last year's second quarter. He believes the Apple Watch will launch in March and will sell just under 3 million units before the end of that quarter. He expects a 12-inch MacBook Air with Retina display to hit the shelves sometime before the end of April.