If you annualize our quarterly revenue, it’s surprising that Apple is now a $50+ billion company. - Steve Jobs

And if you follow Apple's guidance, you wouldn't annualize the quarterly revenue:

Q1 (This Quarter) - The Company posted revenue of $15.68 billion and a net quarterly profit of $3.38 billion, or $3.67 per diluted share.

Q2 (Next Quarter) Looking ahead to the second fiscal quarter of 2010, we expect revenue in the range of about $11.0 billion to $11.4 billion and we expect diluted earnings per share in the range of about $2.06 to $2.18.

Annualizing Q1 revenues is probably a bad idea -- Q1 includes the all-important holiday season

Apple's guidance for Q1'10 was $11.3b-$11.6 which as EPS translates to about $1.74. Based on this, I wouldn't be surprised if Apple deliver actual results close to Q1 in this next off-holiday-season quarter, which would be both impressive and a support of Jobs' statement.

While this is not a confirmation we'll be seeing a tablet from Apple on Wednesday, it is the first thing we've heard from Apple in terms of launching a new product that I know of.

I think the cat was really out of the official announcement bag when their invitation for this week's press event said "Come See Our Latest Creation".

edit: Not in terms of it being a tablet, but in terms of Apple having announced that they were releasing a new product.

Enter CoreAdvertising:

PO: We acquired Quattro to offer our developers a seamless way to make money.

Probably would be called AdKit.

The Market cap of Apple is $182B, +$50B in Revenue? Many iPhones/Tablets to sell in 2010! http://www.google.com/finance?q=NASDAQ:AAPL

Prediction: It'll be called the Newton.

Translation: "No wireless. Less space than a Nomad. Lame."

Apple may be a one-eyed man in the realm of the blind, but even so that does sometimes make them king. Apple doesn't do anything that the rest of the industry can't: they coordinate good usability and aesthetic design with strong execution and solid brand management, but the rest of the industry doesn't. And that will continue to give Apple a huge competitive advantage until the rest of the industry wakes up and "gets it".

(See also: Google, re: combining solid usability design, top tier application development, and revolutionary data center/IT operations on the web.)

For people who didnt read Slashdot.org in 2001, this was the tagline given by CmdrTaco for the iPod.

Yep, for reference: http://apple.slashdot.org/article.pl?sid=01/10/23/1816257... (the statement has acquired some degree of notoriety since)

If it's a tablet, it really isn't an iteration.

The tablet is an iteration on the iphone. This is direct from a friend at apple.