Big Tech had a big year of success in 2020, as the pandemic did not stop the 7 largest tech companies from growing to $ 3.4 trillion in total last year. Technology giants like Amazon and Apple posted record revenue in recent months, with the two companies reaching over $ 100 billion in quarterly revenue for the first time in the last quarter of 2020. In fact, in the case of Amazon, the e-commerce giant grossed more than $ 830,000 per minute in its most recent quarter.CNBC saw the latest quarterly earnings reports from 7 of the biggest tech brands (Amazon, Apple, Alphabet, Microsoft, Facebook, Tesla and Netflix) deposited with the SEC in recent weeks and showed how much income each has made for each minute in the first three months of 2021. (The period had 90 days and 129,600 minutes,
Amazon: $ 837,330.25 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
Companies reached an average of $ 373,606 per minute, which is actually less than the previous quarter ($ 416,768 in revenue per minute). Both Apple and Amazon posted record revenue in their final quarters of 2020, helping to raise the overall average, with Amazon reaching over $ 950,000 revenue per minute in that quarter.
In the first quarter of 2021, Amazon led by reaching more than $ 108.5 billion in revenue. That means $ 837,330 per minute during this three-month period.
Amazon reached $ 100 billion in revenue for the second consecutive quarter. Founder Jeff Bezos (who announced that he would retire from his post as CEO of Amazon) without his personal fortune reaching the value of $ 200 billion.
Apple followed Amazon in revenue sharing per minute, reaching $ 691,234 every minute in the first quarter of 2021. The company posted revenue of $ 89.6 billion for that quarter, with iPhone sales up 65.5% over the same period a year earlier.
Apple also has the largest market value of any company in the world, at more than $ 2.2 trillion. 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, reached $ 426,805 per minute, based on its most recent quarterly results. The company reported total revenue of $ 55.3 billion for the first quarter of 2021. Microsoft, with a market value of $ 1.9 trillion, reported $ 41.7 billion in quarterly revenue last week, which converted to $ 321,805 per minute.
Facebook ($ 925 billion market value) generated $ 201,936 revenue per minute and $ 26.2 billion total revenue for the first quarter of the year. Tesla (market value $ 677 billion) was next on the list with $ 80,162 revenue per minute, based on a quarterly withdrawal of $ 10.4 billion.
Finally, Netflix (with a market value of $ 227 billion) had a record revenue year in 2020, but the streaming giant saw a subscription slowdown in the first quarter of 2021. However, Netflix reached $ 7.2 billion in the quarter. year-end, which converts to $ 55,270 earnings per minute./BM/
