Apple More Profitable than Microsoft, Despite Microsoft's Record Q3 Results
Article by George Norman
On 29 Apr 2011
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.

Sponsored Links

“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.




Tags: Apple, Microsoft, Revenue
About the author: George Norman
George is a news editor.
You can follow him on Google+, Facebook or Twitter

I Hope you LIKE this blog post! Thank you!
What do YOU have to say about this
blog comments powered by Disqus
Popular News
By George Norman on 02 Jul 2015
Leading global bank Citi just announced that it rolled out a new, a rebuilt version of Citi Mobile for iOS. The app comes with...
By George Norman on 01 Jul 2015
At 7PM Pacific Time today, July 1st, 2015, a new multiplayer mode will be released to Splatoon’s Ranked Battles: Tower Control.
Related News
By George Norman on 28 Jan 2015
Apple and Microsoft released the financial results for the quarter that ended this December. By looking at the financial results for...
By George Norman on 26 Jun 2015
Microsoft recently announced that it made the Sway app available for Apple’s iPad. It accompanies the updated Sway app for iPhone.
By George Norman on 25 Mar 2015
It doesn’t matter if you use Microsoft’s Windows operating system or Apple’s Mac OS X. The MX Master, Logitech’s beautifully designed and most advanced...
By George Norman on 04 May 2015
A year after the iOS release, but it's here. Monument Valley for Windows Phone is finally here!
Sponsored Links
Hot Software Updates
Top Downloads
Become A Fan!
Link To Us!
Apple More Profitable than Microsoft, Despite Microsoft's Record Q3 Results
HTML Linking Code