Alphabet Overtakes Apple as the Most Profitable Company in the GAFAM Group with $3,042 Earned Per Second in Q1

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...