SAN FRANCISCO (Reuters) - Apple Inc (AAPL.O) Should Deliver Yet Another bumper quarter, investors are holding Some goal out for a monstrous second half When the new iPhone hits and a happy new online service Takes Wing.

Solid numbers from the company&&9;s quarterly report this week That Could snap the malaise hung over HAS ITS oz unstoppable shares, Which Have Been in limbo sincere Chief Executive Steve Jobs last January Took leave for unspecified medical Reasons.

Apple&&9;s stock HAS Relatively immobile found Itself After quadrupling over the past Two and a half years.The share price is up 11 percent on the year, aim Remain a far cry from brokerage price targets of $ 450 or more.

The stock rose 2 percent again on Friday in anticipation of Strong second-quarter revenue and profit with Component Shortages for easing the iPad and Accelerating Momentum in International Markets.

"This Stock Is Still very attractively priced, relative to the overalls Especially market," Said Channing Smith, co-manager of the Capital Advisors Growth Fund, Which owns Apple shares.

"About a year ounces, you get a year When The Opportunity Is in stock and a funk Some of the short-term concerns crop up ...that&&9;s your window to step up, "Said Tony Ursillo, analyst with Loomis Sayles & Co., Which owns Apple shares.

Apart from Jobs - a survivor of a rare form of pancreatic cancer and the inspiration behind Many of Apple&&9;s Most iconic products - Wall Street worried about Google&&9;s IS (GOOG.O) rising prominence in high-end mobile and Intensifying competition in digital content with Google and Amazon.com (AMZN.O).

But The World&&9;s Largest Technology Company by market value is Expected to present a positive short-term picture When It reports Tuesday.

Solid sales of the iPhone aging in international markets and strong demand for new, thinner iPad 2s Likely buoyed the second quarter, aussi Which year saw easing the supply crunch in Previously Held That dirty back of the tablet.

The Two mobile products Were instrumental in Contributing to year 60 percent Expected Increase in Apple&&9;s fiscal revenue DURING the Third Quarter, According To Analysts and investors.

Lower component costs - Owings year to easing of supply of critical components Shortage from Japan - Is Another more boost gross margins That Could to as high as 41 percent.

"I am expecting a strong quarter," Ursillo said pay day loans."The concern on the street Seems To Be More about the outlook for the Third Quarter, Ongoing Constraints for the supply and the iPad timing of the iPhone introduction."

BIG SECOND HALF

Wall Street Expects That the outlook for the second half of the year for Apple Will Be Enormous as it May include the launch of a new iPhone, its best-selling product, and accounts for One That about 40 percent of revenue icts.

Apple IS famously conservative forecasts with STIs, end investors Will pick apart executives&&9; comments to figure out How Much Will the new iPhone boost revenue.

The California company has new Typically Introduces iPhone DURING the summer, aim it HAS to Reveal Any details yet on the next model.The new smartphone featuring a faster processor Will begin shipping in September, sources Have Told Reuters.

Will Apple roll out aussi icts new cloud-based storage service icloud music in the fall Along with updates to ITS operating systems for mobile devices and computers.

"With our expectation for a big second-half new product ramp, combined with challenges at smartphone Growing Potential Competitors and new carrier arrangements, We Believe Apple HAS plenty of upside left in the stock price," Said Ticonderoga Securities analyst Brian White.

Anticipation of a new iPhone May Have Caused Some Slowdown in the June quarter sales DURING, purpose Analysts still expect Shipments To Be healthy in the 17 million range When The consumer electronics giant reports results on Tuesday.

Wall Street Estimates That Apple sold about 8 million new iPads Along with about 4 million Macintosh computers.

Apple rolled out two icts popular iPad tablet in 36 Countries in the last Three months supply despite Being backlogged. Wait times for the iPad Have Ordered online fallen to 3-5 days from Two Weeks in United States ramped up production as Apple to Meet roaring global demand.

Apple Expected to Report IS earnings of $ 5.83 a share on revenue of $ 24.9 billion, According To Thomson Reuters I / B / E / S. Apple HAS beaten Wall Street Estimates for 13 straight quarters.

According To StarMine&&9;s SmartEstimate, Which places more weight on recent forecasts by top-rated analysts, Apple Should post EPS of $ 6,007 on revenue of $ 25.3 billion.

(Editing by Robert MacMillan)

Apple stock looks cheap ahead of results