Apple More Profitable than Microsoft, Despite Microsoft's Record Q3 Results
Redmond-based software giant Microsoft has recently made public the financial results for its Q3 which ended on the 31st of March, 2011. The revenues were 13% higher than they were over the same period in 2010, which lead Microsoft to say that it scored record third-quarter revenue. Here are the main figures Microsoft made public:
Total revenue – $16.43 billion, a 13% increase compared to Q3 2010.
Operating income – $5.71 billion, a 10% increase compared to Q3 2010.
Net profit – $5.23 billion, a 31% increase compared to Q3 2010.
Diluted earning per share – $0.61 per share, a 36% increase compared to Q3 2010.
“We delivered strong financial results despite a mixed PC environment, which demonstrates the strength and breadth of our businesses,” said Peter Klein, chief financial officer at Microsoft. “Consumers are purchasing Office 2010, Xbox and Kinect at tremendous rates, and businesses of all sizes are purchasing Microsoft platforms and applications.”
Long-time Microsoft competition Apple has recently made public the financial results for its Q2 which ended on the 26th of March 2011. For the first time ever, Apple has bested Microsoft in terms of profitability. Here are the figures Apple made public:
Total revenue – $24.67 billion.
Net profit – $5.99 billion.
Diluted earning per share – $6.40 per diluted share.
Sold merchandise – in Q2 Apple sold 3.76 million Macs, 18.65 million iPhones, 9.02 million iPods, and 4.69 million iPads.
“With quarterly revenue growth of 83 percent and profit growth of 95 percent, we’re firing on all cylinders,” said Steve Jobs, Apple’s CEO. “We will continue to innovate on all fronts throughout the remainder of the year.”
As you can see, Microsoft’s net profit was of $5.23 billion while Apple’s was of $5.99 billion. Apple is now better than Microsoft in terms of market capitalization (it surpassed Microsoft in market capitalization a year ago) and profitability.
Total revenue – $16.43 billion, a 13% increase compared to Q3 2010.
Operating income – $5.71 billion, a 10% increase compared to Q3 2010.
Net profit – $5.23 billion, a 31% increase compared to Q3 2010.
Diluted earning per share – $0.61 per share, a 36% increase compared to Q3 2010.
“We delivered strong financial results despite a mixed PC environment, which demonstrates the strength and breadth of our businesses,” said Peter Klein, chief financial officer at Microsoft. “Consumers are purchasing Office 2010, Xbox and Kinect at tremendous rates, and businesses of all sizes are purchasing Microsoft platforms and applications.”
Long-time Microsoft competition Apple has recently made public the financial results for its Q2 which ended on the 26th of March 2011. For the first time ever, Apple has bested Microsoft in terms of profitability. Here are the figures Apple made public:
Total revenue – $24.67 billion.
Net profit – $5.99 billion.
Diluted earning per share – $6.40 per diluted share.
Sold merchandise – in Q2 Apple sold 3.76 million Macs, 18.65 million iPhones, 9.02 million iPods, and 4.69 million iPads.
“With quarterly revenue growth of 83 percent and profit growth of 95 percent, we’re firing on all cylinders,” said Steve Jobs, Apple’s CEO. “We will continue to innovate on all fronts throughout the remainder of the year.”
As you can see, Microsoft’s net profit was of $5.23 billion while Apple’s was of $5.99 billion. Apple is now better than Microsoft in terms of market capitalization (it surpassed Microsoft in market capitalization a year ago) and profitability.
