The reports are in and here it is: Apple first-quarter profits have shot up over 50%. This translates into $15.68 billion for a mere three month period, according to the AppleInsider. From the article, readers may be shocked to see Steve Jobs pointing out that if you annualize Apple’s revenue, Apple is now a $50 billion a year company. The article goes on to mention that Apple shipped a record number of iPhones for the same quarter, translating into 100% growth of iPhone sales from the year-ago quarter.

What does this mean to you?

With the expected $3 billion in new sales after the release of the Apple tablet, it seems to me that Apple is kicking the heck out of the competition. Now most people would point out how Microsoft and Apple are in different spaces of the tech industry, and to a degree, this is true with Microsoft’s focus on the enterprise and having an OS on more computers worldwide. On the mobile front, however, Apple is beating Microsoft down and continuing to work them over relentlessly. Windows Mobile is done, period, end of discussion. Worse, I see the same thing happening with the tablet computers as well. Apple will win, fair or otherwise. So even if one can prove the iPhone inferior somehow, it no longer matters – the mobile wars are all but done for Microsoft and Apple is not losing their throne anytime soon.