Apple earned more revenue this quarter than their ancient frenemy, Microsoft. Roughly $20 billion to $16 billion, or $4 billion more. Not too long ago they passed Microsoft in market cap as well, another impressive sounding, if not terribly meaningful measure. Microsoft still leads in revenue due to their software-centric business being much higher margin than Apple's hardware-heavy mix. But that too could and just might change as well.
Apple, thanks to the Apple II, got off to an impressive lead in the early days of command line personal computing. But things changed. Apple squandered the Mac's first mover advantage and Microsoft and Windows ended up ruling the graphical user interface world. Now things are changing again. And that's where it gets interesting.