Misleading. Microsoft's quarterly profit grew pretty quickly (above 30%). It's just that Apple's profit grew faster, causing it to take the lead in the race.
In particular, by saying that X's profit dropped below Y's for the first time (without context of X and Y) suggests TO ME that X's profit dropped when that was not the case.
By "misleading," I meant that had I not known profit figures already, I would have assumed the title meant that Microsoft's profit had fallen. It means that the understanding it leads you to believe initially is incorrect, hence misleading.
"My height grew above Yao Ming's last year". Did I surpass his height last year or grow more during that period of time?