Apple makes about Rs 1.5 lakh every second, Microsoft pockets Rs 1.1 lakh
ETCIODo you know how much profit Apple makes every second? It is a staggering over $1,820 (over Rs 1.48 lakh), making the iPhone maker the world’s most profitable company — generating about $157 million (more than Rs 1,282 crore) a day.
Fellow tech giants Microsoft and Alphabet (the parent company of Google), as well as Warren Buffet’s Berkshire Hathaway, also draw in more than a thousand dollars each second, which works out at over $100 million a day, according to new research by Tipalti, an accounting software financial technology business.
At second spot, Microsoft makes about $1,404 (Rs 1.14 lakh) per second and Berkshire Hathaway $1,348 (about Rs 1.10 lakh) a second.
“To put this into context, the average worker in the US is projected to earn $1.7 million in their lifetime, meaning the average American will earn less in their lifetime than every company on this list earns an hour,” according to the research.
The average annual salary in the US is $74,738, or $1,433.33 per week, meaning that Apple makes $387 (27.01 per cent) more per second than the average American worker makes in a whole week.
While Alphabet makes $1,277 per second at the fourth spot, Meta Platforms generates $924 in profit every second.
At the other end of the scale, Uber Technologies made a huge loss of $6.8 billion in 2021, equating to $215 every second. Despite being the world’s largest ride-hailing app, Uber has famously never turned a profit.
General Electric saw the biggest increase in year-on-year profits of $10.68 billion, while Meta Platforms (formerly Facebook) is close behind with a profit increase of $10.66 billion, according to the research.
Online retail giant Amazon saw the third largest increase in profits, making $9.74 billion more in 2021 than they did in 2020.

NEWS RELATED

Apple Announces 700 New Price Points and Tools in App Store, Biggest Pricing Upgrade in History

Apple just announced the company’s biggest upgrade to App Store pricing, as they add 700 new price points starting from $0.29. Through this, developers will have more options to manage their own pricings globally. (Photo : CHRIS DELMAS/AFP via Getty Images) This illustration photo shows the Apple app store logo ...

View more: Apple Announces 700 New Price Points and Tools in App Store, Biggest Pricing Upgrade in History

Nothing's Carl Pei reveals Apple's key partner Foxconn refused to work with his company, here is why

Nothing’s Carl Pei reveals Apple’s key partner Foxconn refused to work with his company, here is why Nothing’s founder Carl Pei has revealed that the company faced a “plethora of challenges” in manufacturing its first smartphone, Nothing Phone (1). Among the challenges, the company faced hurdles with Foxconn, one ...

View more: Nothing's Carl Pei reveals Apple's key partner Foxconn refused to work with his company, here is why

The apple doesn't fall far from the tree! Alyssa Jane Cook's daughter Georgia May Davis is the spitting images of the E Street star as she stuns on the red carpet at the AACTA Awards

She is the daughter of E Street star Alyssa-Jane Cook, who rose to fame thanks to her regular role as Lisa Bennett on the iconic Australian soap opera in the 80s and 90s. And actress Georgia May Davis was the spitting image of her mother as she stepped on the ...

View more: The apple doesn't fall far from the tree! Alyssa Jane Cook's daughter Georgia May Davis is the spitting images of the E Street star as she stuns on the red carpet at the AACTA Awards

Apple updates its App Store policies, developers can now charge customers up to RM49,999 in Malaysia

Apple has announced the most comprehensive upgrade to its App Store pricing system, which provides developers worldwide with 700 additional price points and new pricing tools. In Malaysia, App Store developers can now charge a minimum of 90 sen and up to a maximum of RM49,999.  In a statement ...

View more: Apple updates its App Store policies, developers can now charge customers up to RM49,999 in Malaysia

Apple's Rumored EV May Not Feature Fully Autonomous Driving

There have been rumors of Apple working on an electric car, calling it “Project Titan,” and those speculations include the vehicle being able to operate by itself. However, reports say that the car may not be fully self-driving after all. It will only be autonomous on highways, granted that ...

View more: Apple's Rumored EV May Not Feature Fully Autonomous Driving

Apple may release its Apple Car by 2026 with self-driving mode for around $100,000

  We have talked about the rumoured Apple Car before but it’s been quite quiet until now. According to sources, Apple seems to plan on launching its electric vehicle by 2026 for under $100,000 for the masses. It’s said to feature self-driving mode as well. Based on past news, Apple ...

View more: Apple may release its Apple Car by 2026 with self-driving mode for around $100,000

Bad news for Apple electric car fans! New details revealed about launch and features

Bad news for Apple electric car fans! New details revealed about launch and features Apple Electric Car fans waiting for the big reveal might have some not-so-good news. The company might have to push the launch schedule further down the timeline. There have been a series of delays in ...

View more: Bad news for Apple electric car fans! New details revealed about launch and features

Apple’s rumored car could cost the same as a Tesla Model S

Apple’s rumored car could cost the same as a Tesla Model S Rumors have been swirling around for years regarding Apple’s plans for an electric, self-driving car. The latest report, which arrived on Tuesday via a usually reliable source, suggests Apple has scaled back its plan for an autonomous ...

View more: Apple’s rumored car could cost the same as a Tesla Model S

Apple schraubt Ziele bei selbstfahrenden Autos zurück

Apple iPhone 13 available at Rs 40,999 on Flipkart after Rs 28,901 discount, check details

Apple will launch a new karaoke feature for Apple Music subscribers later this month

After iPhones, Apple could soon make iPads in India; in talks with officials

Apple Watch 8 kaufen: So günstig gehört die Uhr noch vor Weihnachten dir

Apple’s new App Store policies add more price points, going all the way up to $10,000

Apple CEO Tim Cook Confirms Use of TSMC Chips Made in Arizona

Vous êtes clients Apple? Vous pouvez désormais réparer votre appareil vous-même!

Apple self-driving update as plans for fully autonomous vehicle without steering wheel or pedals is delayed until 2026

Microsoft tendría su propia súper app para competir con Apple y Google en la industria mobile

Two women are suing Apple over AirTag stalking incidents

Top 5 Best Smartphones Of The Year 2022

OTHER NEWS

Breaking thailand news, thai news, thailand news Verified News Story Network