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Tech Giants Earn Fortunes by the Minute

This is a syndicated repost courtesy of Statista | Infographics. To view original, click here. Reposted with permission.

Amazon really is a money machine. According to a report by CNBC, the online retailer generates revenues of more than $800,000 every single minute.

Other GAFAM companies trail somewhat behind. Closest to the Amazon money-making machine are Apple’s earnings at almost $700,000 per minute. Google’s parent company Alphabet has to make do with just around $420,000 coming into its coffers every minute, while Microsoft’s revenue is just more than $320,000 per minute. Facebook is the smallest GAFAM company revenue-wise, but still makes more than $200,000 every minute.

Tesla and Netflix also have ambitions to get into the top five of high-speed earners. However, Tesla is still around $120,000 behind Facebook and would have to more than double its revenue to overtake it. Netflix’s by-the-minute earnings seem rather tame at just $55,000. Considering the rapid development of these tech companies over the past few years, however, there is little doubt that revenues will continue to grow in the near future.

This chart shows the revenue generated by selected tech companies per minute in 2021 (first trimester).

tech companies earnings by minute

Wall Street Examiner Disclosure: Lee Adler, The Wall Street Examiner reposts third party content with the permission of the publisher. The opinions expressed in these reposts are not those of the Wall Street Examiner or Lee Adler, unless authored by me, under my byline. I curate posts here on the basis of whether they represent an interesting and logical point of view, that may or may not agree with my own views. Some of the content includes the original publisher's promotional messages. No endorsement of such content is either expressed or implied by posting the content. All items published here are matters of information and opinion, and are neither intended as, nor should you construe it as, individual investment advice. Do your own due diligence when considering the offerings of information providers, or considering any investment.

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