Apple's market cap is now greater than Microsoft and Intel combined. When the market closed on Friday, Microsoft had a market cap of US$201.59 billion and Intel had a cap of $115.21 billion. Combined, they have a market cap of $316.8 billion which is just below the $317.60 billion of Apple. This may the first time Apple has exceeded the powerful Wintel platform.
As MacDailNews points out, no one can forget what Bill Gates said about Steve Jobs in an unpublished 1998 interview conducted by Robert X. Cringely for Vanity Fair. Then the CEO of Microsoft, Gates wondered, "What I can't figure out is why he (Steve Jobs) is even trying (to be the CEO of Apple)? He knows he can't win."
At that point, Microsoft was trading at $29 and had a market cap of $250 billion. Apple was down to a lowly $7.25 and had a market cap of $6 billion. Steve Jobs had resumed the helm as CEO of Apple and was looking to turn things around. I'd say he has been successful, wouldn't you?