With just half an hour before Apple's quarterly earnings call, The Loop's Peter Cohen has posted that Apple will report profits of $11.6 billion and $39.2 billion in revenue.
The revenue report tops recent Wall Street estimates. Cohen's numbers, however, are not confirmed. The earnings report is scheduled to be released at the same time as Apple's conference call, which starts at 2 PM Pacific time, 5 PM Eastern.
That said, The Loop has a ridiculously good track record when it comes to all things Apple, so these numbers are probably accurate. Check back here later for confirmation when we cover the actual earnings report.