Apple has surpassed Microsoft in quarterly profits for the first time ever, bagging $760 million dollars more during the first calendar quarter of 2011. Microsoft announced today that its net profit for the past quarter – the company’s third fiscal quarter – is $5.23 billion. Last week, Apple reported profits of $5.99 billion over the same period, which is its second fiscal quarter of 2011.
Six months ago, Apple’s excellent performance in recent years was highlighted when the Cupertino company surpassed Microsoft in quarterly revenue for the first time in nearly 15 years. Despite this, Microsoft continued to hold Apple off when it came to profits, largely due to the high profit margins it achieves with its software business.
Apple’s latest accomplishment is now the third time the company has trumped Microsoft over the past year. In May of 2010, Apple first surpassed Microsoft in market capitalization, then went on to surpass Microsoft in quarterly revenue in October, and has now surpassed Microsoft in quarterly profits.
Apple’s market cap is now nearly $100 billion higher than Microsoft’s. It’s no wonder Apple has enough cash reserves to keep the company going until 2018, without selling another single product.
- Via MacRumors