We can all agree that the major tech companies are making a whole lot of money. While we can all monitor just how well they are making out in their quarterly reporters, we can now track the amount of profits these companies make by the second.
The trading information portal Penny Stocks Lab has a site that is dedicated to watching the the Internet giants accumulate money. The site reveals in real-time both the revenue and profits of Internet companies, including Apple, Alphabet, Microsoft, Facebook, Amazon, YouTube and Netflix.
In just one minute on the page, the data reveals that together, the tech companies listed have profited $141,780, and around 50 percent of that went to Apple.
Click above to view the full version [h/t penny stocks].
It should come as no surprise that Apple has the cash flowing in, especially after reporting that last quarter, which ended on Sept. 26, 2015, it posted a revenue of $51.5 billion and quarterly net profit of $11.1 billion. According to Penny Stock Labs data, Apple is making approximately $60,000 a minute.
Companies like Facebook and Yahoo get their revenue from both both mobile and desktop, although more money is coming from the latter.
While most of the tech giants listed are making healthy profits, companies like Pandora, Yelp and Twitter are struggling to get out of the red.
The tech company real-time money tracker helps give us insights into just exactly how much green there is in Silicon Valley.
Source: The Next Web