After the market closes on Monday, January 27th, Apple will release its earnings report for the first quarter of 2014. While industry analysts will undoubtedly scrutinize every number to determine the health of the company, many insiders believe Apple is poised to post its best numbers since the end of 2012.

Shares of Apple were up on Monday morning ahead of the earnings news. The reason analysts believe that Apple is going to be in such strong shape is because it went into the holiday season - which is a part of the company's first quarter earnings - with two new products on the market, the iPhone 5S and 5C and the iPad mini. During the first quarter of 2013 last December, the company sold almost 48 million iPhones and 23 million iPads. While sales of the iPad have slowed in the last few fiscal quarters, demand for the iPhone has reached a fever pitch.

The iPhone 5S was so popular that Apple was having trouble meeting the demand for the product for at least part of the quarter. While rumors of the new iPhone's features have been in the media over the past several weeks, signs of the sales of the iPhone 5S slowing down are nonexistent. Many industry analysts predict that Apple will have sold 55 million iPhones during their last quarter, up seven million from last year, and are posed to set a record revenue of $57.46 billion.

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