CHART OF THE DAY: Apple's Incredible Profit Growth In Context

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Apple’s profits beat Microsoft for the first time in a very long time for the last quarter.

It’s an amazing triumph for a company that was on the brink of death in 1997, and would have been a lost cause if not for the return of Steve Jobs and a $150 million investment from Microsoft.

When Steve Jobs announced that investment on stage a big Apple event, he said, “We have to let go of this notion that for Apple to win Microsoft has to lose.”

It was a prophetic statement, as is evident in the chart below. Microsoft’s profits aren’t collapsing as Apple’s rise. Microsoft’s last quarter was one of its best.

chart of theday, apple vs microsoft, net income, april 2011

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