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Today, Apple's market cap exceeded that of Microsoft for the first time ever ($222 billion vs. $219 billion). It's not the way I would have liked—Apple's stock has held up better than Microsoft's in the recent selloff—but it is nevertheless a milestone of sorts. Apple achieved this victory over its long-time competitor by relentlessly innovating for the past 10 years: OS X (plus 5 upgrades), iPods, MacBook laptops, iMacs, Mac mini, Apple TV, iWork, iPhones, and most recently the iPad. Microsoft, meanwhile, has managed to achieve little more than one major upgrade to its operating system (Windows 7) after one failed upgrade (Vista).

Like so many others, I anxiously await the next Apple innovation.

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