Apple, Microsoft and Alphabet, the parent company of Google, have significantly increased their profits and sales in the past quarter. Together, the tech giants achieved a profit of almost 45 billion euros.
Together, the companies have a market value of about 5.4 trillion euros. The tech companies have more than doubled their value since the start of the corona pandemic 16 months ago.
Little affected by chip shortage
Apple saw its third-quarter revenue grow by a third from the same period last year. In the period April, May and June, almost 69 billion euros worth of products and services were sold. In advance, the company had taken into account the loss of income due to chip shortages, but that turned out not to be too bad. The profit doubled to more than 18 billion euros.
The iPhone is by far Apple’s most important product. Compared to the same period last year, the turnover of smartphones increased by half. Especially the iPhone 12 Pro and Pro Max were sold a lot.
Microsoft earned much more from cloud services in the fourth quarter of its broken fiscal year than a year earlier. Subscription services such as Office365 and the rental of server space yielded considerably more, while the sale of licenses for the Windows operating system and the sale of computers yielded less. The latter sales figure was disappointing because of the chip shortage and because the company sold many computers in the same period last year.
All in all, turnover increased by more than a fifth to 39 billion euros, while profits were almost half higher at around 14 billion euros. For the entire fiscal year, the company had sales of more than 142 billion and a profit of almost 52 billion.
Alphabet also significantly increased its turnover and profit in the past second quarter. Much more was earned from advertising and cloud services are also increasingly profitable for the company. Last year, advertising revenues were under pressure due to the corona crisis.
Turnover rose by 62 percent to more than 52 billion euros. A large part of this came from advertisements, for example also from advertisements in videos on YouTube. Below the line, the company achieved a net profit of more than 15.5 billion euros, compared to less than 6 billion euros a year earlier.