Alphabet Overtakes Apple as the Most Profitable Company in the GAFAM Group with $3,042 Earned Per Second in Q1
In 2023, Facebook’s parent company earned $942 per second, which jumped to $1,747 in the first three months of this year
By News on the Net -- Stocklytics—— Bio and Archives--May 23, 2024
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Google’s parent company, Alphabet, continues its impressive financial performance after seeing its revenue, profit, and stock value skyrocket in 2023. In Q1 2024, the tech giant reported the highest quarterly net income in its history, but even more importantly, it dethroned Apple as the most profitable company in the GAFAM group.
According to data presented by Stocklytics.com, Alphabet earned $3,042 per second in the first three months of the year, or $2 more than Apple. ---More...
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