25.5 C
New Delhi
February 20, 2020
KhabriBaba
Business

Apple’s Profit equals Google & Microsoft’s combined profit

Reading Time: 3 minutes

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

Reliance:

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

I AM BANKRUPT: ANIL AMBANI TELLS ENGLAND HIGH COURT

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.

Also Read: TAKING STEPS TO FIX GST LOOPHOLES, SAYS NIRMALA SITHARAMAN

Related posts

Reliance JioFiber: Users will not have to pay any bill yet

Ritu Nandal

Pentagon hands Microsoft $10 billion ‘war cloud’ deal

Ritu Nandal

Cognizant to lay off 7,000 employees despite better quarterly results

Ritu Nandal

Leave a Reply

avatar
  Subscribe  
Notify of

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Translate »