Apple Earnings Preview: iPhone Could Benefit From LTE In China; Watching For Rebound In iPad Sales

The company has guided for quarterly revenues of between $36 billion and $38 billion and gross margins of between 37%and 38%. Overall, we expect the company to meet its revenue guidance while possibly meeting the high end or even exceeding its gross margin guidance. EPS could also see a meaningful jump due to the company's aggressive share repurchases over the last three quarters.