Apple set for upbeat Q1 report

Now that Apple Computer has shown it plans to go after new, low-cost markets for its Macintosh computers and iPod music players, investors will turn their attention today to the company’s top and bottom lines when Apple delivers its 2005 first-quarter results.

Analysts surveyed by Thomson First Call estimate Apple to earn 48 cents a share on $3.17 billion in revenue for the recently completed quarter. On Tuesday, Apple Chief Executive Officer Steve Jobs gave a peek into Apple’s performance when, at the Macworld show, he said the company shipped 4.5 million iPods during the quarter.

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