Apple tops Microsoft market cap, revenue, and profits
Redmond still wins on crap phone updates
Microsoft's quarterly profits leapt 31 per cent during its third quarter. But that wasn't enough to stop a world of Apple fanbois from pointing towards Redmond and laughing.
After surpassing Microsoft's market capitalization and its quarterly revenues, Apple has now surpassed its quarterly profits. In the Apple quarter ending March 26, Steve Jobs and company stacked up profits of $5.99 billion, while Microsoft's most recent quarter managed (only) $5.23 billion.
Apple topped Microsoft's quarterly revenue total in October, and it did so again this time around. And then some. Jobsian revenues reached $24.67 billion, as Microsoft revenues maxed out at $16.43 billion. Apple's market cap first topped Microsoft's in June of last year.
When this comes up, fanbois like to point out that in 1997, Microsoft poured $150 million into a struggling Apple, after the return of Steve Jobs. But this is ancient history. We would point that over half of Apple's revenues now come from the iPhone, whereas Microsoft is still trying to figure out how to successfully deploy software updates for Windows Phone 7. ®