Apple Beats Microsoft in First Quarter Profit

Six months ago Apple’s quarterly revenue for the first time in approximately 15 years was higher than the Microsoft’s one. But Microsoft was unbeatable with its high profit margins that the company achieved thanks to its software sales. The situation changed in the past fiscal quarter.   Today Microsoft has announced net profit of $5.23 billion for the first calendar quarter (third fiscal quarter) of 2011. Apple last week reported profits of $5.99 billion over the same period, which corresponded to the company's second fiscal quarter of 2011. It seems that Apple finally surpassed its longtime rival in almost all position. Moreover Apple’s market cap is now nearly $100 billion higher than Microsoft's.