Jobs’ net is bigger than Ballmer’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:

• Jobs’ is now bigger than Ballmer’s
• Ballmer’s is still bigger than Jobs’
• Apple overtakes Microsoft, is now No. 2

[Follow Philip Elmer-DeWitt on Twitter @philiped]