Big Tech had a big year in 2020, as the coronavirus pandemic did not stop the seven largest technology companies from growing by a total of $ 3.4 billion last year.
Technical giants such as Amazon and Apple reported record revenue in recent months, with the two companies exceeding $ 100 billion in quarterly revenue for the first time in the last quarter of 2020.
In fact, in the case of Amazon, huge e-commerce has generated more than $ 830,000 in revenue per minute in its last quarter.
CNBC Make It looked at the latest quarterly earnings reports that seven of the biggest brands (Amazon, Apple, Alphabet, Microsoft, Facebook, Tesla and Netflix) filed with the SEC in recent weeks and shattered how much revenue each made for every minute of the first three months of 2021
- Amazon: $ 837,330.25 per minute revenue in the first quarter of 2021
- Apple: $ 691,234.57 per minute
- Alphabet: $ 426,805.56 per minute
- Microsoft: $ 321,805.56 per minute
- Facebook: $ 201,936.73 per minute
- Tesla: $ 80,162.04 per minute
- Netflix: $ 55,270.06 per minute
The companies brought in an average of $ 373,606 per minute, which is actually less than the same seven companies averaged in the previous quarter ($ 416,768 revenue per minute, according to the business data website Visual Capitalist in the March chart). Both Apple and Amazon reported record revenue in the last quarter of 2020, helping to raise the overall average, with Amazon generating more than $ 950,000 in revenue per minute in that quarter.
In the first quarter of 2021, Amazon led the package, raising more than $ 108.5 billion in revenue. This breaks down to $ 837,330 per minute during this quarter.
Amazon topped $ 100 billion in revenue for the second consecutive quarter. Amazon is coming out of the blockbuster year as the pandemic forces people to do even more than shop online. Founder Jeff Bezos (who announced his resignation as Amazon’s chief executive during the company’s last quarterly earnings) has even seen his personal net worth of $ 200 billion.
Apple followed Amazon in the breakdown of revenue per minute, attracting $ 691,234 every minute from the first quarter of 2021. The company reported revenue of $ 89.6 billion for the quarter, with iPhone sales up 65.5% from the same period in the year before.
Apple also has the largest market value of any company in the world, at over $ 2.2 trillion as of Friday. Amazon has a market value of $ 1.76 trillion.
Meanwhile, Google’s parent company, Alphabet, which has a market value of about $ 1.6 trillion, raised $ 426,805 per minute, based on its latest quarterly results. The company reported total revenue of $ 55.3 billion for the first quarter of 2021. Microsoft, with a market capitalization of $ 1.9 trillion, reported $ 41.7 billion in quarterly revenue last week, which collapsed to $ 321,805. revenue per minute.
Facebook (market value of $ 925 billion) brought in $ 201,936 revenue per minute and $ 26.2 billion in total revenue for the first quarter of the year. Tesla ($ 677 billion in market value) was next on the list with $ 80,162 in revenue per minute, based on a quarterly revenue withdrawal of $ 10.4 billion.
Tesla CEO Elon Musk temporarily overtook Bezos for the title of the richest man in the world in January, after a very successful 2020 share price of the electrician jumped as the company finally reported solid quarterly profits. Musk currently has a net worth of $ 175 billion, second only to 202 billion from Bezos, according to Bloomberg.
Finally, Netflix (with a market capitalization of $ 227 billion) achieved a year of record revenue in 2020, but the streaming giant saw a slowdown in subscriber growth in the first quarter of 2021. Still, Netflix attracted $ 7.2 billion in the last quarter of the year, which broke to $ 55,270 revenue per minute.
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