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Daily Profit Maker – Exposed: Apple joins Google and Microsoft in $1,700-per-second profits as tech companies dominate top-earners list, new data shows

Silicon Valley companies like Apple, Google and Microsoft are making more than $1,000 in profits every second, new data shows.

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Apple is one of the most profitable businesses generating more than $152 billion per day, which works out to $1,752 per second.

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Fintech company Tipalti has created a landing page with a real-time counter that shows how profitable these companies, along with many large banks, have been since the page went up.

This list is taken from the 2020 Fortune 500 and represents some of the most popular companies in it, but not necessarily the most profitable.

Silicon Valley giants are awash in profits. Companies like Apple, Alphabet and Microsoft earn more than $1,000 per second. This, in many cases, makes more money per week than the average American worker. Other top-grossing companies include finance, technology, retail, telecommunications and media.

As Tipplety noted for additional context, the average weekly wage is $1,237, meaning the typical American worker doesn’t get paid as much for a week’s work as the California-based company makes for a second.

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Apple’s profits for the second quarter were broken down as follows: 53.5% for iPhone, 10.1% for Mac, 8.7% for iPads and wearables/accessories and 18.8% for services.

The median U.S. household income is $79,900 — meaning a family would have to work for 1,895 years to earn just one apple a day.

Microsoft and Alphabet – the parent company of Google – also earn more than $1,000 per second – the company founded by Bill Gates earns about $150 more – works on an impressive figure of $100 million a day .

Cupertino-based Apple tops Tiplite’s list of most profitable organizations. Its combination of software and hardware is enough to generate more than $151 million in revenue every day. CEO Tim Cook, seen after a keynote presentation in June 2022, has led tremendous growth at the company since taking over from Steve Jobs in August 2011.

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Extracts from the above three in an alphabetical list. Google’s parent company earns most of its revenue by monetizing large amounts of data. Google CEO Sundar Pichai is seen above at the US CEO Summit in Los Angeles in June 2022.

At Google’s parent company Alphabet, more than 90% of profits come from advertising and things like Android, Chrome, Google Maps and YouTube.

The company’s journey into the technology industry was rocky, seeing Jobs leave the company in the mid-1980s after struggling with his pet project, the first Macintosh computer. Executive Director John Scully. Wozniak is pictured at left.

1976: Founders Steve Jobs, Steve Wozniak and Ronald Wayne created the company on April 1, 1976 when they began selling computer kits to hobbyists, each of which Wozniak built.

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1984: The Macintosh was introduced during the Super Bowl ad break and later officially unveiled during the launch event. A year later it closed and Jobs left the company.

1997: Apple announced that it would acquire NeXT Software in a $400 million deal that included returning to Apple as interim CEO. He officially took office in 2000.

The first iPod MP3 music player was released on October 23, 2001 at an event in Cupertino and included 1000 songs.

2011: Jobs resigned due to illness in 2011, handing over the CEO role to Tim Cook. Job died of pancreatic cancer in October.

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2014: Apple introduced the Apple Watch. It also unveiled its first major iPhones – the 6 and 6 Plus.

2015: After buying Beats from Dr. Dre, Apple launched Apple Music to compete with Spotify and other music streaming services.

2016: Apple returns to its roots and announces the 4-inch iPhone SE. Meanwhile, the company is embroiled in a legal battle with the FBI, asking the agency to access a locked phone used by Syed Farooq, who was arrested in San Bernardino, California in December. He had committed a fatal attack on the woman. A court order to exchange fire was lifted on March 28 after the FBI said a third party was able to unlock the device.

2017: Apple introduced the iPhone X, which removes the home button to make way for a future edge-to-edge screen design and a new FaceID system that unlocks the phone only with the owner’s face and uses advanced sensors and lasers.

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2018: In a first for the company, Apple introduced new features in its latest operating system iOS 12, which encourages users to organize their devices and spend less time. The move follows a strongly worded letter from shareholders urging the company to address the growing problem of smartphone addiction among children and teenagers.

2019: In January, Apple reported a decline in revenue and profit for the first time in a decade. CEO Tim Cook partly blamed the decline in revenue from China.

2020: In March, Apple closed all of its brick-and-mortar retail stores outside of China in response to the coronavirus.

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Dmg media Contact Us Leadership Team How to Complain Our Contributor Terms Mail Online Privacy Policy & Cookies Do Not Sell or Share My Personal Information When Tesla Finally Joins the S&P 500 Index in December 2020 For the option, the profitability criterion — the sum of the qualifying company’s most recent quarterly earnings and its previous four quarterly earnings must be positive — was the last box checked by the electric car maker. And while Tesla has a history of losses, even bringing it within “single-digit weeks” of bankruptcy in 2018, according to CEO Elon Musk, these days

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