Sara eisen, jon fortt at microsofts edu event in midtown, manhattan. First up this morning, apple is going to have earnings after the close tonight. Stock hits another record high, its cash hoard could swell to a quarter of a trillion dollars. Josh lipton joins us from apple hq in cupertino with all the details. Hey, josh. Well, carl, apple stock surged more than 60 from its low last may. So can tim cook keep those bulls in charge . After the close today, the street expects apple to report eps of 2. 02 on revenue of nearly 53 billion. They are expected to ship 52 million iphones in the quarter. Thats because many iphone fans could be delaying upgrades as they wait for that new iphone in the fall. He says the wild card this quarter, gross margins, apple could get stung by higher component prices, but could also benefit as is now withholding royalty payments to contract manufacturers in that ongoing brawl with qualcomm. Beyond the hardware, a lot of attention paid to Apple Services which