Ahead of Apple's earnings report later today after the close of trading on Wall Street for Wednesday, some investors are nervous. Very nervous. And that's understandable given the insanely high bar that's been set for Apple in recent years.

In January, despite reporting record quarterly earnings and sales of leading mobile devices, shares of AAPL were punished after hours for simply not being good enough and falling short of analyst projections. Consequently, there is apprehension that we'll see a repeat of this episode again this afternoon.

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