Big Tech had a big year in 2020, when the coronavirus pandemic did not prevent the seven largest technology companies from growing in value by $ 3.4 trillion in total last year.
Tech giants like Amazon and Apple posted record revenues in recent months, with both companies topping $ 100 billion in quarterly revenue for the first time in the last quarter of 2020.
In fact, in Amazon’s case, e-commerce behemoths pulled in more than $ 830,000 in revenue per year. Minute in the last quarter.
CNBC Make It looked at the latest quarterly earnings reports that seven of the biggest brands in technology (Amazon, Apple, Alphabet, Microsoft, Facebook, Tesla and Netflix) submitted to the SEC in recent weeks and distributed how much revenue they each made for every minute for the first three months of 2021
- Amazon: $ 837.330.25 revenue per Minute in the first quarter of 2021
- Apple: $ 691,234.57 pr. Minute
- Alphabet: $ 426,805.56 pr. Minute
- Microsoft: $ 321,805.56 pr. Minute
- Facebook: $ 201,936.73 pr. Minute
- Tesla: $ 80,162.04 pr. Minute
- Netflix: $ 55,270.06 pr. Minute
The companies brought in an average of $ 373,606 per share. Minute, which is actually less than the same seven companies on average in the previous quarter ($ 416,768 in revenue per minute, as the corporate data site Visual Capitalist pointed out in a March graphic). Both Apple and Amazon posted record revenue in their last quarter of 2020, which helped boost the overall average, with Amazon pulling over $ 950,000 in revenue per share. Minute in that quarter.
In the first quarter of 2021, Amazon led the package by pulling in more than $ 108.5 billion in revenue. It goes down to $ 837.330 per. Minute during the three-month period.
Amazon topped $ 100 billion in revenue for the second consecutive quarter. Amazon is coming after a huge year when the pandemic forced people to do even more of their shopping online. Founder Jeff Bezos (who announced his retirement as Amazon CEO during the company’s last quarter earnings revealed) has even seen his personal net worth of the top $ 200 billion.
Apple followed Amazon in the distribution of revenue per. Minute and pulled $ 691,234 every minute in the first quarter of 2021. The company had sales of $ 89.6 billion in the quarter with iPhone sales growing by 65.5% from the same period a year earlier.
Apple also has the largest market value of any company in the world at more than $ 2.2 trillion per share. Friday. Amazon has a market capitalization of $ 1.76 trillion.
Meanwhile, Google’s parent company, Alphabet, which has a market value of approx. $ 1.6 trillion, $ 426,805 per minute, based on its most recent quarterly results. The company reported a total turnover of DKK 55.3 billion. $ In the first quarter of 2021. Microsoft with a market value of $ 1.9 trillion reported 41.7 billion. In quarterly revenue in the past week, which broke down to $ 321,805 in revenue per. Minute.
Facebook (market value of $ 925 billion) drew $ 201,936 in revenue per. Minute and $ 26.2 billion in total revenue in the first quarter of the year. Tesla ($ 677 billion market value) was next on the list with $ 80,162 in revenue per share. Minute, based on a quarterly revenue draw of $ 10.4 billion.
Tesla CEO Elon Musk temporarily overtook Bezos for the title of the world’s richest person in January, after a very successful 2020 saw the electric carmaker’s share price rise when the company finally posted consistent quarterly profits. Musk currently has a net worth of $ 175 billion, other than Bezos’ $ 202 billion, according to Bloomberg.
Finally, Netflix (with a market value of $ 227 billion) came with a year of record revenue in 2020, but the streaming giant saw subscriber growth slow in the first quarter of 2021. Still, Netflix still drew $ 7.2 billion. In the last quarter of the year, which broke up to $ 55,270 in revenue per. minute.
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