14 DAY TRIAL // Apple is very likely to be the first company to reach a market value of $1 trillion, and an infographic put together by TitleMax confirms Cupertino is a money-making machine.
The 2016 net income provided by the top companies in the Fortune 500 rankings has been used to calculate how each firm makes every second, and unsurprisingly, Apple is at the top of the list.
With a net income last year of $45.7 billion, Apple makes no less than $1,444.76 every second, nearly double the amount of JP Morgan Chase, the second company in the chart with $782.14. Walmart, the number one brand in the Fortune 500 chart, is far behind with only $431.43 per second, but still ahead of tech giant Intel, which makes $326.22 per second.
Microsoft to be worth $1 trillion by 2021
Google’s parent company Alphabet, number 27 in Fortune 500, had a net income last year of $17.9 billion, which means it makes $615.96 per second. Microsoft is pretty close with $531.21.
“Those numbers are almost beyond imagining, so to answer the question of ‘how much does Apple make?’ consider this frame of reference: The median weekly earnings of an American worker are about $859. That’s roughly $586 less than what Apple makes … per second! How much is Apple worth today? Divide that $45 billion by 365 days, and you get roughly $125,000,000 per day; meanwhile, the median household income for a year is $59,039,” TitleMax says.
Earlier this week, analysts estimated that Microsoft itself could also reach the $1 trillion market value threshold, though in this case, it’s likely it’ll happen slower than in the case of Apple.
By FY2021, Microsoft could be worth $1 trillion as well, mostly thanks to cloud services which have become the main engines driving the company’s growth since Satya Nadella took over the CEO seat from Steve Ballmer.