By Philip Elmer-DeWitt
April 29, 2011

For the first time in decades, Apple’s net income has overtaken Microsoft’s

One by one, the bragging rights are going Steve Jobs’ way.

  • In May 2010, Apple’s (AAPL) market cap passed Microsoft’s (MSFT).
  • In October, Apple overtook Microsoft in total revenue.
  • On Thursday, when Microsoft reported its earnings for the March quarter, Steve Ballmer lost what edge he still had. Microsoft’s net income for calendar Q1 2011 was $5.23 billion. Apple’s was $5.99 billion.

Also on Fortune.com:

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