Apple's earnings report suggests strong iPhone launch


Apple reported quarterly earnings and revenue slightly ahead of what Wall Street was expecting, but more importantly issued a strong forecast for the current quarter.

Bottom line: All eyes will be on what Apple has to say (or not) about the next iPhone. But investors were encouraged by the company's financial outlook, which calls for revenue for the current quarter and runs through the end of September, to be between $49 billion and $52 billion.