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Apple Is Mightier Than Microsoft



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    LONDON, ENGLAND - MAY 28: A young girl holds an Apple iPad on display at Regent Street's Apple store on May 28, 2010 in London, England. Apple iPads went on sale today in countries including Japan, Australia, Germany, Italy, Canada, Switzerland and the United Kingdom as part of Apple's global roll-out of the hugely successful new device. (Photo by Dan Kitwood/Getty Images)

    While Bill Gates was off saving the world, Steve Jobs has been busy ridding the planet of Microsoft.

    Apple is officially more profitable than Microsoft. A fact that would have been thought impossible just a decade ago.

    But millions of iPads, iPhones and MacBooks later, Jobs and his company have surprassed the mighty PC.

    Earning reports from the most recent quarter for both companies shows that while Microsoft reported a net income of $5.23 billion on revenues of $16.42 billion, Apple reported $5.99 billion of net profit on $24.67 billion of revenues.

    This comes less than a year after Apple surpassed Microsoft in market cap last May.

    Next up for Apple: the mighty oil companies.