Over at Apple 2.0, Phillip Elmer-DeWitt has an excellent preview post on Apple's earnings report, scheduled for Wednesday afternoon at the market close. We'll be liveblogging the earnings call at 2 pm PT/5pm ET if you care to join in for the fun.
Despite spectactular sales and earnings growth for AAPL over the past couple of years, the Q1 earnings report (which featured extra-conservative guidance by Apple and some indications of a softening on iPod demand) triggered a selloff in the stock, with a drop in price from the lofty $200 highs at the end of 2007 (seen above) as profit-taking and recession fears drove investors to take their money and run. Will iPhone sales and Mac unit growth push profits (and the stock price) back towards the roof? Tune in Wednesday to find out.
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