Expectations run high for Apple's earnings report
Will Smith  |  by www.marketwatch.com. All rights reserved. 19.04 | 22:59

will earn 51 cents a share on revenue of $4.67 billion, compared with 38 cents a share on $3.69 billion in revenue in the year-ago quarter.

Apple shares rose 11 cents to $74.40 Wednesday, and the stock is up about 5% this year amid a belief that Apple can maintain its strength in the digital music market with new iPod models. In September, Apple unveiled a group of new iPod Nano units, a redesigned iPod Shuffle and a new version of its video iPod.

Apple also introduced movie downloads to its iTunes Music Store. Romeo Dator, who manages the U.S.

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