Apple posted a profit of $4.31 billion, acing out IBM's measly $3.59 billion. Time was IBM was the bluest of blue chips, the computer maker, so big that the US Justice department tried to break them up. And now, Apple, maker of Mackintoshes and nifty consumer gadgets, makes more money and has a higher market capitalization than mighty IBM.
Apple is run by a new products man, Steve Jobs, rather than a lawyer or a bean counter like GM. This might has something to do with their success.
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