Earnings preview: Wall Street awaits record shattering $67B quarter from Apple

The New York Stock Exchange, credit Carlos Delgado via Wikipedia.

With just a few hours to go before Apple reports the results of its first fiscal quarter of 2015, Wall Street is hyped for what it expects will be a blockbuster, all-time record for the iPhone maker.

A poll of 40 analysts by Thomson Reuters has estimated revenue for the December quarter at $67.69 billion. J.P. Morgan's consensus estimates are slightly lower, at $67.45 billion, while Wells Fargo Securities has estimated Wall Street expectations at $67.3 billion.

All eyes will be on iPhone sales, with huge expectations for Apple's newly released iPhone 6 and iPhone 6 Plus. Apple's primary revenue driver is expected by Wall Street to have moved between 65 million and 69 million units during the three-month span, according to estimates from Piper Jaffray.

Those numbers would shatter Apple's previous all-time record, set in the December 2013 quarter, when the company sold 51 million iPhones and earned $57.6 billion in revenue.

As for Apple's other primary product categories, Piper Jaffray pegs market expectations for the iPad at 22.5 million units, which would be a 14 percent year over year decline. Professional analysts polled by Fortune are slightly lower, with expectations of 21.11 million iPads sold in the quarter.

Mac sales, however, are expected to grow 10 percent year over year to 5.3 million units, according to Piper Jaffray. Fortune's poll has expectations slightly higher, with professional analysts calling for 5.49 million Macs to be sold in the December frame.

Regarding gross margins, J.P. Morgan has market consensus at 38.5 percent. Average estimate for earnings per share for the quarter is $2.60.

Apple will report the results of its first quarter of fiscal 2015 this afternoon after the markets close. AppleInsider will have full, live coverage of the print, as well as the conference call scheduled to follow.