“As I briefly noted yesterday, only about $1 billion separated Apple from Microsoft results in the first calendar quarter,” Joe Wilcox reports for Betanews. “With so many blogs obsessed about when Apple’s market capitalization might exceed Microsoft’s, perhaps the focus should be on earnings.”
“[On Friday], Microsoft announced fiscal 2010 third quarter results: $14.5 billion revenue, $5.17 billion operating income and $4.01 billion net income, or 45 cents a share,” Wilcox reports. “On Tuesday, Apple announced fiscal 2010 second quarter results: $13.5 billion revenue and net profit of $3.07 billion, or $3.33 a share. Apple revenue is $1 billion behind Microsoft, while net income trails by a little less — about $940 million.”
“The $1 billion gap was unthinkable a year ago and unimaginable a half decade ago. In the same calendar quarter of 2005, Microsoft reported revenue of $10.9 billion, operating income of $3.89 billion and net income of $2.98 billion, or 29 cents a share,” Wilcox reports. “By comparison, Apple reported $3.24 billion revenue and $290 million net income or 34 cents a share. The difference between the two: $7.01 billion by revenue and $3.6 billion by net income.”
MacDailyNews Take: Here’s to the crazy ones: As we have always said, even as many short-sightedly waved (and continue to wave) the white flag, the war is not over. And, yes, we shall prevail… No company is invincible. Not even Microsoft. – MacDailyNews Take, January 10, 2005
Wilcox continues, “Apple hugely beat the Street during the last two quarters — by $1.46 billion during fiscal Q2. It’s not a stretch of the imagination or reasonable speculation for Apple to close the distance during second calendar quarter or sometime later in 2010.”
Full article here.
[Thanks to MacDailyNews Reader “Fred Mertz” for the heads up.]