Microsoft Still Beats Apple when it Comes to Banking Coin (MSFT, AAPL)
Microsoft Corp. (NASDAQ:MSFT) just reported its quarterly earnings, posting revenues of $16.04 billion which ahead of Wall Street estimates and up 22% year over year. This still puts it about $300 million ahead of Apple Inc. (NASDAQ:AAPL), so Cupertino’s going to have to wait another quarter to edge Microsoft on the revenue front.
In terms of profit, Microsoft’s $4.52 billion for the quarter far exceeds Apple’s $3.25 billion, so while Apple may be near even in revenue, Redmond’s still making more money. This can be explained by the fact that a large portion of Microsoft’s business is in software, where profit margins are much higher.
So how did the XBOX, Zune and everything else that is Microsoft’s EDD (Entertainment & Devices Division) do?
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