John Paczkowski

Recent Posts by John Paczkowski

Apple Is Now More Profitable Than Microsoft (“Bill, Thank You. The World’s a Better Place.”)

“I will make more profits and certainly there is no technology company in the planet which is as profitable as we are.”

Microsoft CEO Steve Ballmer, May 27, 2010

What was unimaginable just a decade ago has finally occured. Apple is now more profitable than Microsoft.

Posting earnings for its most recent quarter Thursday, Microsoft reported net income of $5.23 billion on revenues of $16.42 billion. Which turned out to be significantly less than the net profit of $5.99 billion on revenues of $24.67 billion Apple turned in last week.

Another remarkable–and remarkably ironic–milestone for Apple, which surpassed Microsoft in market cap last May. It was Microsoft, after all, that breathed new life into a struggling Apple back in 1997 with a $150 million investment in the company (see video below). What was it Bill Gates said at the time? “We think Apple makes a huge contribution in the computer industry. And we think it’s going to be a lot of fun helping out.”