Tuesday, July 19, 2011 at 9:12 am.

Apple earnings: The 5 numbers to watch

Apple reports June quarter earnings this afternoon. (Join me here for live coverage.) In the meantime, Fortune’s Philip Elmer-DeWitt has chalked up the 5 most important numbers to watch.

Among them: Apple needs to beat about 17 million iPhone shipments and 8.3 million iPad shipments to look good.