How much money Apple makes per second is blowing people’s minds
It’s no surprise that Apple is one of the richest tech companies in the world.
Since it produced its first computer in the 1970s, we've become obsessed with all things Apple - from the iPhone to the Watch as well as Music, Apple TV+ and more.
Well, a new study has predicted just how much dosh the Cupertino firm might make in profit per second, and - quite disturbingly - it’s more than most people earn in a week.
Advert
This research, conducted by automated payables system Tipalti, analyzed the annual profits of 50 renowned global companies to find those earning the most. Of course, Apple topped the list.
The firm claims that Apple generates over $57 billion (£50 billion) per year or $157 million (£124 million) per day, with Tipalti alleging that this equates to $1,820 (£1,439) every single second.
While Apple does not disclose its exact profits in its financial results, we do know it became the first US company to be valued at $3 trillion (£2.46 trillion) earlier this year.
In the latest quarter, the company's profit rose 11% to $22.96 billion dollars (£18.81 billion).
To put all these numbers into context, the median weekly wage in the US, according to the Bureau of Labor Statistics, is about $1,118 (£883). This means Apple's predicted one-second earnings surpass what an average American earns in a week.
So, by the time you finish reading this, Apple will have made significantly more than most make per month - maybe a year if you’re not a particularly fast reader.
It’s not the best information to make anyone feel better about themselves, but at least we can seek solace in that it’s an amount of money most of us can’t really comprehend - it all seems almost abstract as a result.
Amid these financial revelations, Apple continues to innovate, as seen in the latest iPhone 15 release.
Described by experts as the 'biggest update to the device in three years', the latest model of the iPhone boasts a design that Apple reckons will make it a bit easier to carry.
There’s also a brighter display tech that’s better protected from smashing thanks to - what Apple claims - is a tougher screen.
Meanwhile, the iPhone's camera has had a tune-up to automatically detect if someone is in the picture you're trying to take and switch over to portrait mode. That camera is a 48-megapixel variety, the same found on the iPhone 14 Pro.
The iPhone 15 also has a new mode where you can filter out background noise and have the microphone just focus on what you're saying, so if you're one of the few people who still actually speaks on the phone, then you'll be easier to hear than before.