Last year we at Pocket-lint declared Apple "the world's biggest tech company" after it was announced that the Cupertino company's value had overtaken that of its big rival Microsoft.

And now that tag has been further justified as, for the first time ever, Apple's net profit has also overtaken Microsoft's.

Jobs and co raked in a profit of $5.99 billion in the first quarter of 2011, which was $760 million more than Microsoft's result of $5.23 million.

Combine this with the revelation at the end of 2010 that Apple had also surpassed Microsoft when it comes to revenue and it's clear who now sits atop the pile.

Apple's profits would have been boosted by the hugely successful US launch of the iPad 2, along with continued large sales of the iPhone 4 and its MacBook and iMac range.

Microsoft didn't have any major software releases in Q1 although strong sales of Kinect continued, leading to a record revenue of $16.43b and the company is understandably still positive.

"We delivered strong financial results despite a mixed PC environment, which demonstrates the strength and breadth of our businesses," CFO Peter Klein said.

"Consumers are purchasing Office 2010, Xbox and Kinect at tremendous rates, and businesses of all sizes are purchasing Microsoft platforms and applications."

It will be interesting to see if it leapfrogs Apple for profit when Windows 8 lands in 2012.

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