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.