Yes everyone, its D-Day here in the U.S. as Apple will be giving their quarterly earnings call on July 21st.

Why is this important to everyone? Well, plain and simple, the economy is going to hell, and we need to see if we are making progress.

Why Apple, Inc. (AAPL)? Again, simple, Apple is the closest thing to a luxury brand in Silicon Valley that we’ve got. If Apple does well, that means we aren’t in that bad of shape.

Let’s face it, Apple is very expensive. If Apple does well, it means people are spending on things such as iPhones, iPods, and Macs instead of “sitting on their wallets” as the AP (Associated Press) calls it.

Economy 101, if people are buying and the cash is flowing, the stock market will show green, if people don’t spend, you will see a lot of red.

Apple is expected to post a profit of $1.16 per share on $8.18 billion in sales. Last year it posted $1.19 per share on revenue of $7.46 billion.

Remember, 2008 was terrible for Wall Street and for Main Street.

This is basically a make or break sort of thing for us here in the U.S., I hope to see more revenue than last year tomorrow.

I doubt Apple will miss expectations with the iPhone, the iPhone 3G S is amazing and outsold the iPhone 3G on launch weekend. Not only that, the iPhone 3G was in so many countries on launch day, and the iPhone 3G S was only in a handful of those 70 countries.

I do expect there to be a slight decrease in Mac sales as (unfortunately) Microsoft’s (MSFT) computer hunter ads have been working. I say slightly because Apple lowered its prices and refreshed their MacBook Pro line so that should have helped ease the losses.

Either way, tomorrow seems like a great day for Apple, Inc. (AAPL). Though, Apple may be a reflection of what our economy is like, but remember, this week is quarterly report week for Silicon Valley so expect there to be a lot of fluctuation on Wall Street.

Either way, we can all agree, Apple is probably the best run companies in the world. It not only survived this “recession” (depression) but it thrived. Its stock value may have been cut in half, but that’s what it was like all across the board, yet they still reported a lot of revenue throughout the year.

Apple has recovered very quickly since Apple’s iPhone OS 3.0 preview. They topped their stock off in the $200 range, their lowest point was in the low $70 range, well, since the iPhone OS 3.0 preview, today, they stand at $151.75.

Huge difference. Despite Steve’s absence at Apple for all of 2009 so far. Well, he’s back, and I’m sure he is proud (and relieved) that Apple didn’t collapse, but rather thrive.

Well, today we shall speculate, tomorrow is what really matters. So let’s just wait and see…

Hey everyone. Just a few hours to go until the WWDC 2009 Philnote. Now as you may have expected we are getting word of some last minute rumors. So let’s get started!

This first bulletin sounds very credible to me. The new high-end iPhone will be announced at WWDC tomorrow morning. This new iPhone also allegedly carries the code name “iPhone 3GS”. Now the person who leaked this information says that he has no clue what the “S” stands for, but he can confirm double the flash memory (up to 32GB from 16GB), a brand new processor that is more than twice as fast, and that video will be the killer feature and that Apple will use video capabilities to market the new iPhone 3GS. Now to me it would make more sense to call it the iPhone Video or the iPhone 3GV, but I am sure Apple has a great reason for this. Now sources say that this new iPhone 3GS will keep its $199-$299 price points.

Some sources also say that the new iPhone 3GS will be available tomorrow in the afternoon (most likely at 6pm). I persinally think that a June 19th release is more likely as that is when iPhone OS 3.0 beta 5 expires.

Sources are also saying that Apple may keep their existing iPhone 3G but reduce its price to $99. This would make sense as Apple would have the high-end iPhone 3GS while keeping a low-end iPhone 3G to further increase their marketshare. Analysts say that having a $99 iPhone would increase their total marketshare by a whoping 100%!

Now on to Mac OS X Snow Leopard. This is on a rumor of a secret project inside of Apple called “Marble”. Now Marble is a new GUI (Graphical User Interface) for Mac OS X. It was expected to be for Snow Leopard, but it would not make sense to throw a brand new UI onto the developers when the latest Snow Leopard beta is said to be a “Master Gold Candidate” which means Apple is done with the OS and is just sharing the flavors of Snow Leopard so that developers can help fix any tiny remaining bugs before final release. Now my sources say that “Marble” is real, but would be delayed until September, so expect “Marble” to take the torch from “Aqua” in Mac OS X 10.7.

Now finally, the fabled Apple tablet. Sources are telling me that Apple is working on the device but don’t expect to see it tomorrow or this year. Sources are saying to expect an actual product sometime next year during the 1st quarter.

Now there are also some rumors of a MacBook 3G, and All I can say about this is do not expect the product to be announced tomorrow, but Mac OS X 10.6 Snow Leopard will have support for the new product that is still in development inside of Apple HQ. The MacBook 3G would be released sometime in the fall of this year, sources say.

So get ready for WWDC 2009, because this is going to be a great keynote. As for good old Steve, his appearance is still up in the air. Nobody is sure, but Apple hasn’t said Steve wouldn’t be there, they are saying that he won’t be back as CEO until late June. I am still hopeful that Steve will appear at the end of the keynote in a “One More Thing…” sort of thing. We will just have to wait and see!

Guys, this is breaking news just arriving to us here at Limited Edition iPhone. Steve Jobs is taking “a medical leave of absence” from Apple due to his health! This is shocking news to us here at Limited Edition iPhone as well. It seems that Steve’s health problems are more serious that previously reported.

In a letter to the Apple community, he states that Tim Cook will be in charge of Apple while he’s gone. This does not mean that Tim Cook is CEO but, he will be in charge of day to day activities at Apple until “the end of June”. Apple stockholders are in a frenzy as Apple stock plummets for the third day in a row. Apple shares are down around 8% in after hours trading.

I hope that Steve will get better. I do not expect him to resign as CEO anytime soon. He did say that he would “look forward to seeing you in June”. Get well Steve.

We will keep you guys updated as we get more information on this developing story.

Here’s the letter Steve Jobs has just distributed:

Team,
I am sure all of you saw my letter last week sharing something very personal with the Apple community. Unfortunately, the curiosity over my personal health continues to be a distraction not only for me and my family, but everyone else at Apple as well. In addition, during the past week I have learned that my health-related issues are more complex than I originally thought.

In order to take myself out of the limelight and focus on my health, and to allow everyone at Apple to focus on delivering extraordinary products, I have decided to take a medical leave of absence until the end of June.

I have asked Tim Cook to be responsible for Apple’s day to day operations, and I know he and the rest of the executive management team will do a great job. As CEO, I plan to remain involved in major strategic decisions while I am out. Our board of directors fully supports this plan.

I look forward to seeing all of you this summer.

Steve