The Tortoise And The Hare And The Hare And The Tortoise
April 28, 2011 3:23 PM Subscribe
Apple's revenues and net earnings for the first calendar quarter of 2011 both beat the reported sales and profits of its rival Microsoft for the first time in recent history.
posted by VikingSword (336 comments total)
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It's been an epic rivalry between these two computer tech giants. Apple had an early lead, was overtaken by Microsoft in a rather spectacular fashion. And then, slowly, like a guerilla campaign from distant provinces, Apple came back. At least by one measure - earnings - a measure that seemed destined to always be in Microsoft's favor, Apple has now taken the lead.
"Over the last three quarters, Microsoft has posted less revenue but greater profits on its software-oriented businesses than Apple.
However, in the most recent quarter Microsoft has posted total revenues of $16.428 billion, compared to Apple's reported revenues of $24.67 billion, and net income of $5.232 billion compared to Apple's net profit of $5.99 billion.
Microsoft noted an increase in revenues over the year ago quarter of 13 percent, jumping from $14.5 billion to $16.4. In contrast, Apple's revenues were up 82.7 percent from $13.5 billion in the first calendar quarter of 2010.
Microsoft's net profits were up 30 percent from $4 billion a year ago, while Apple's profits were up 95 percent from just over $3 billion in the year ago quarter."
But what does this mean? Does it mean that Microsoft's world-wide dominance is waning
? Is Apple becoming a dominant company on a world scale
? Should Microsofts earnings even be put in the context of Apple's earnings