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Title: For the first time ever, Apple beats Microsoft in quarterly profit Post by: HCK on April 29, 2011, 03:00:11 pm For the first time ever, Apple beats Microsoft in quarterly profit
Today Microsoft announced its net profit for the first calendar quarter of 2011. That net profit was $5.23 billion, or $760 million dollars less than Apple's $5.99 billion net profit over the same period. For those keeping track, first Apple surpassed Microsoft in market capitalization, next they surpassed Microsoft in quarterly revenue, and now Apple has surpassed Microsoft in quarterly profits. Surpassing Microsoft's net profit is quite an accomplishment given the typical high-margin sales of Microsoft's software and the lower-margin sales of Apple's hardware. Matter of fact, by every standard financial measure, Apple has now surpassed Microsoft to be the most profitable and valuable tech company on the planet. No wonder some people think Apple is headed to be the first trillion dollar company. [via MacRumors]For the first time ever, Apple beats Microsoft in quarterly profit originally appeared on TUAW on Thu, 28 Apr 2011 23:00:00 EST. Please see our terms for use of feeds.Source | Permalink | Email this | Comments http://www.tuaw.com/2011/04/28/for-the-first-time-ever-apple-beats-microsoft-in-quarterly-prof/ |