NEW YORK ( TheStreet) -- Apple ( AAPL) and Microsoft ( MSFT) have both had recent stellar smartphone moments, with Apple releasing an iPhone OS 4 update last week and Microsoft unveiling its two Kin phones yesterday. (The Kin One is pictured below.)
Shares of Apple rose slightly Wednesday after U.S. Treasury Secretary Jack Lew criticized the European Union's ruling on the tech giant's taxes.
Apple probably won't see a final resolution of its tax case for four to six years.
Apple's (AAPL) products released under Tim Cook haven't had enough time to catch on, The Verge executive editor Walt Mossberg said on CNBC.
Jim Cramer looks ahead to Apple's event next week.