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.
According to Statista and the official company data, Apple's net income for the three months ending March 31, 2024, was $23.64 billion, translating into $3,040 per second, or $2 less than Alphabet. Moreover, this represents a 1.3 percent drop compared to the $3.074 the company earned per second throughout 2023.Microsoft takes the third spot, with $2,816 earned each second during the three months of the year. Meta and Amazon follow, with $1,774 and $1,337 net income per second, respectively.
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