The world's most valuable technology company will report its earnings for its Q1 of 2011 at 5pm EST.

Wall Street has forecast Apple's quarterly revenue to rise more than 50 percent to $24.4 billion after a bumper holiday shopping season.

Wall Street's estimates the consumer electronics powerhouse's first quarter, which includes the holiday shopping season, are sales of roughly 15.5 million iPhones, 5.5 million iPads and 4 million Mac computers.

Tune in to IBTimes Tech at 2pm PST, 5pm EST for live updates of the earnings announcement and analyst call.