Apple set to announce $1.75 billion Q1 revenue

On Tuesday, Apple interim CEO Steve Jobs announced in his keynote at MacWorld Expo in San Francisco that the company will shortly announce its fifth consecutive quarter -- the first of the current fiscal year -- in the black. Now, signs of just how far into profitability the company is are emerging ahead of next week's official unveiling of the figures. According to analysts, Apple is expected to announce Q1 revenues of $1.70-1.75 billion, up from the $1.6 billion it posted for the same quarter last year. That was its first profitable quarter after three years of solid losses. Wall Street is anticipating earnings of around 70c a share, more than double the 33c a share profit Apple posted this time last year. ®