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Apple is expected to crush its Q4 earnings record today

Apple Q4 2014 Earnings Preview

For a company that’s “doomed,” Apple sure seems to make a lot of money. Fortune has put together a survey of several analysts’ projections for Apple’s soon-to-be-announced fourth quarter earnings and literally every single one of them expects Apple will post a record Q4.

RELATED: Apple might sell more than 200 million iPhone 6 units in FY2015

In total, Fortune interviewed 21 professional analysts and 12 amateur analysts and together they projected an average year-over-year increase of roughly 12% for Apple’s earnings per share and a year-over-year increase of more than 7% for its revenues. On average, the analysts expect Apple will post an EPS of $1.32 on revenues of $40 billion.

This past quarter was obviously a very big one for Apple as it saw the release of the iPhone 6 and iPhone 6 Plus, which together smashed preorder and opening weekend sales records for any iPhones yet released. And since the iPhone is Apple’s “profit monster,” it makes sense that record iPhone sales on the quarter would lead to record profits.

We won’t know for certain how good Apple’s earnings are until the company reports them sometime after trading closes on Monday, but based on the current consensus estimate, anything less than a record-smashing quarter will be seen as a huge disappointment and may even lead Trip Chowdhry to once again predict that the company is on the verge of becoming irrelevant.

Prior to joining BGR as News Editor, Brad Reed spent five years covering the wireless industry for Network World. His first smartphone was a BlackBerry but he has since become a loyal Android user.