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Apple CEO Tim Cook kicks off an Apple event. Photo: Eric Risberg / AP

The two big questions investors and analysts have going into Apple's earnings report later today are also the two things we predicted would be challenges ahead of this year's iPhone release:

  1. How many iPhone Xs can Apple supply over the next few months?
  2. Just how much will the high-end iPhone dent demand for the iPhone 8, which Apple is able to make in significantly greater quantity?

Other numbers will also be closely watched, including Apple's sales and earnings forecast for the all-important holiday quarter. That said, iPhone 8 demand and iPhone 10 will be key components of the coming quarter's earnings.

By the numbers: Analysts are expecting Apple to report per-share earnings of $1.87 on revenue of $51.2 billion, according to Zacks. For the December quarter, analysts are looking for earnings of $3.77 per share, on revenue of $83.3 billion.

Go deeper

Dion Rabouin, author of Markets
Updated 1 hour ago - Economy & Business

Our make-believe economy is here to stay

Illustration: Eniola Odetunde/Axios

The Federal Reserve and global central banks are remaking the world's economy in an effort to save it, but have created something of a monster.

Why it matters: The Fed-driven economy relies on the creation of trillions of dollars — literally out of thin air — that are used to purchase bonds and push money into a pandemic-ravaged economy that has long been dependent on free cash and is only growing more addicted.

Mike Allen, author of AM
3 hours ago - Politics & Policy

Why Trump may still fire Barr

Photo: Jabin Botsford/The Washington Post via Getty Images

Attorney General Barr may be fired or resign, as President Trump seethes about Barr's statement this week that no widespread voter fraud has been found.

Behind the scenes: A source familiar with the president's thinking tells Axios that Trump remains frustrated with what he sees as the lack of a vigorous investigation into his election conspiracy theories.

Mike Allen, author of AM
3 hours ago - World

Scoop: Trump's spy chief plans dire China warning

Xi Jinping reviews troops during a military parade in Beijing last year. Photo: Thomas Peter/Reuters

Director of National Intelligence John Ratcliffe on Thursday will publicly warn that China's threat to the U.S. is a defining issue of our time, a senior administration official tells Axios.

Why it matters: It's exceedingly rare for the head of the U.S. intelligence community to make public accusations about a rival power.