Investors Mildly Optimistic Ahead of Apple Earnings

Investors Mildly Optimistic Ahead of Apple EarningsAs of Monday afternoon, shares of Apple are hovering around $530 as investor confidence – regardless of how minimal – looms around today’s earning report.

Most analysts are eager to discover the strength of iPhone sales for the most recent quarter ending in September 2013.

Apple is expected to report 33 million iPhone sales for the quarter. That would be a respectable spike over the 26.9 million iPhones sold during the same quarter last year.

Following the September launch of Apple’s iPhone 5s and iPhone 5c, the company admitted to selling nine million units in the opening weekend of sales. However, no other sales data – or clues – have emerged since.

In the tablet category, Apple is projected to have sold 15 million units for the quarter, which is consistent with the sales recorded in the same quarter one year ago.