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Apple set for $66 million Q4 profit

Will 1998 become Mac maker's first fully profitable year since 1995?

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Apple will next week post a Q4 profit of $66 million -- if Wall Street's latest predictions come true. And any profit will see the company mark its fourth consecutive quarter in the black, and its first full year of profitability in three years. According to Boston research firm First Call, quoted on US Mac news site Macweek.com, Apple will post a profit of around $65.9 million, 49c per share on current prices. For the full financial year, First Call reckons Apple will make $230 million -- $1.71 per share. Its estimates are based on a poll of 19 Wall Street analysts who chart Apple's progress. In addition to the Q4 figures, the analysts expect Apple to stay in the black throughout 1999 and 2000, with an annual profit growth rate of around 15 per cent. ® Click for more stories

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