Today, the "sheer power" of that 1997 era "high end" server can be found in the typical smartphone.
Like an iPhone.
While this is indeed a milestone, for how long can this new ranking be maintained?
Apple does have one clear advantage over Microsoft: diversity. Microsoft deals mostly with software for a single computing platform, along with the accessories that come with it such as keyboards, mice and music players. Apple however keeps pumping out new and different hardware products completely locked into their software platform almost each and every year under tremendous applause.
But imagine what would happen if Jobs was gone from Apple permanently. He is after all a liver transplant survivor, which has greatly affected his chances of leading a long and healthy life. After he dies (he'll never retire), how fast will the company go down the toilet? Jobs is still the master innovator at Apple, the one who makes it all work. The rest of the staff there couldn't innovate themselves out of a paper bag!
It'll be interesting to follow tthis one, especially with the corporate resistance against the latest version of Microsoft Office. Many more companies this time around are simply saying "no" to the upgrade and its associated costs.