2020 was the year when the COVID-19 pandemic made its advent in the world. Many countries witnessed stringent lockdowns, due to which businesses suffered a huge blow. Several people were pushed below poverty, and thousands of people lost their jobs. However, for many industrialists and entrepreneurs, COVID came as a blessing in disguise.
In fact, the world added 412 billionaires last year as per the Hurun Global Rich List 2021. Pretty surreal, right?
The tech sector especially witnessed a whopping surge in both manpower and revenue. The seven biggest tech countries’ value grew by $3.4 trillion last year.
You would be surprised to know how much the world’s top companies make per minute in the first quarter of 2021.
- Amazon: $837,330.25 revenue per minute
- 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
Read More: How Flipkart, Paytm, And Amazon Are A-Rated Startup Institutes On The Side
Amazon leads the list with its overall revenue collection totaling $108.5 billion in just three months of 2021. The reason is attributed to the fact that people preferred shopping online in the wake of COVID restrictions.
Local markets were either locked down or there were risks of contracting the virus. Amazon provided the perfect solution through the contactless delivery system.
Apple comes second in the list with total revenue of $89.6 billion. iPhone sales saw a surge of almost 65.5% as compared to the same period the previous year. Apple leads the list in terms of market value at $1.76 trillion.
Alphabet, the parent company of Google, earned a total revenue of $55.3 billion, making it the third company with the highest per-minute revenue collection. The companies starting with the letter “A” seem to have a money-making formula, doesn’t it?
Microsoft, Facebook, Tesla, and Netflix occupy the subsequent positions in the same order.
So what does it mean for the world? The technology sector continues to be promising for the coming decade and has a lot of potential yet to be exploited.
It would be interesting to see how these companies try to retain their position in terms of revenue.
Sources: CNBC, Visual Capitalist, Statista
Image Sources: Google Images
Find The Blogger: @TinaGarg18
This post is tagged under: revenue per minute of the big tech companies, apple, alphabet, amazon, google, tesla, Netflix, Microsoft, facebook, elon musk, tim cooke, steve jobs, mark zuckerberg, billionaires, fortune list of billionaires, profit, money making corporations, technology, satya nadela
Other Recommendations:
With Netflix, Amazon Censorship In Talks With The Government, Where Is India Headed?
