The quarterly results of Apple, Microsoft, or Google have just been released, and the least we can say is that the health crisis seems to have smiled on the tech giants. The recovery of the economy, the full reopening of the Apple Store, and many other factors allow these giants to post impressive results.
Alphabet, Google’s parent company, was able to count on the increase in advertising spending in the United States to close an excellent second quarter. Note that the U.S. is poised for record growth since World War II.
Let’s get to the numbers
Apple, ends the quarter with revenues valued at $81.434 billion, for $21.740 billion in profit. The Cupertino-based firm is seeing a 93.19% increase in profits compared to the same period in 2020. This is a new record for Apple going well beyond the one set last year.
As for Alphabet and mainly Google, the company shows revenues amounting to $61.880 billion, an increase of 62% compared to the same quarter 2020. The Mountain View firm is getting most of its revenue from online advertising which has increased by 69%. Alphabet via Google is also seeing an increase in its cloud computing business. In this sector, the company’s revenues have grown by 53%.
Finally, Microsoft, another tech giant, is also posting great results after generating $46.200 billion in revenue during the quarter, and a profit of $16.500 billion. Like Alphabet, Microsoft’s cloud business is up 30% since last year, while its Azure division is up 51%.
Between them, Apple, Google, and Microsoft generated more than $56 billion in net profits in the space of three months, each time surpassing their previous records.