Apple’s Average Profits In FY2022 Were More Than Those Of Microsoft & Amazon Put Together
- February 24, 2023
- Priyanka Kesarwani
- Posted in What’s Buzzing
In FY2022, the Cupertino-based tech giant generated a remarkable $94.68 billion in earnings. It works out to $259.4 million every day of FY2022.
To identify the most profitable American corporation in each category, the research team at “Cloud Peak Law Group” examined the earnings that each company on the Fortune 500 list achieved during their most recent fiscal year. At $94.68 billion in earnings, Cupertino-based tech giant Apple emerged as the winner in the study. The fiscal year 2022 ran from September 26, 2021, to September 24, 2022.
Apple made more money than both Microsoft and Amazon put together. Amazon had $33.36 billion in earnings in FY2022, compared to Microsoft’s $61.27 billion. This indicates that in FY2022, the iPhone manufacturer earned almost $259.4 million every day.
Apple launched the all-new iPhone 14 series and the updated MacBook Air featuring M2 Processor last year. Apple’s profits during this period were greater by 64.9% than those made during the fiscal year of 2021. Only Google’s parent firm Alphabet, approximately $76.03 billion in earnings made this past year, comes close to Apple as the most lucrative technological business.
Which is the World’s Most Profitable Company?
The most lucrative corporation in the world is Saudi Aramco, which made $105.37 billion during its latest financial year. Saudi Aramco is a natural gas and petroleum company. Apple is now the second-most lucrative company in the world thanks to its $95.68 billion earnings.
The company’s headquarters are in Dhahran, Saudi Arabia, and it was established on May 29, 1933. The activities of Saudi Arabian Oil Co. include the exploration, production, marketing, and transportation of crude oil and natural gas. It operates in the Downstream, Upstream, and Corporate areas. Exploration, field development, and production of crude oil, natural gas, and natural gas liquids are all included in the upstream segment.