The two major tech companies of America, Google, and Microsoft earned the same amount of profit in October-December. In the previous quarter, Apple posted a record profit of Rs 1.58 lakh crore. This is the largest ever profit by an American company. Microsoft’s profit in the previous quarter was Rs 82,890 crore and Google’s Rs 75,641 crore. Apple’s profits are 13 and a half times that of India’s largest company Reliance Industries. Reliance reported a profit of Rs 11,640 crore in the December quarter.
Apple’s three-month profit three-and-a-half times that of Reliance’s year-round profit
Quarterly profit (Rupees)
- January-March 10,362 Crore
- April-June 10,104 Crore
- July-September 11,262 crores
- October – December 11,640 crores
43,368 crore in the fourth quarter. Apple’s profit in the 1st quarter: 1.58 lakh crore
Apple’s profits 7 times compared to Amazon
America’s largest e-commerce company, Amazon, had declared a profit of Rs 23,430 crore in the previous quarter. In comparison, Apple’s profit is about 7 times. Apple benefited from rising sales of flagship product iPhone in the December quarter. iPhone accounted for 61% of Apple’s revenue. iPhone sales increased for the first time in the last five quarters. iPhone revenue growth was 8%.
America’s largest company in Apple market cap, second in the world
Company Country Market Cap
- Saudi Aramco (Saudi Arabia) 126 lakh crores
- Apple (US) 101 million
- Microsoft (US) 99 million
- Amazon (America) 73 lakh crores
- Alphabet (US) 72 lakh crores
Apple’s market capitalization 14 times than Reliance
India’s Top 5 Companies in Market Cap
Company Market Cap (Rupees)
Reliance Industries 9 Lakh Crore
TCS 8 Lakh Crore
HDFC Bank 6.80 Lakh Crore
Hindustan Unilever 4.67 lakh crore
HDFC 4.16 Lakh Crore
Market Cap After the stock market closed on Friday.
Apple’s quarterly profit is equal to total profit of Microsoft & Google.
It’s 13 times of Reliance. #Leader Undoubtedly biggest brand now.
— Suyash Deep Rai (@suyashdeep) February 10, 2020