Quicktake: Here’s how much the big tech giants earn per minute

SourceThe National
SectorEconomy
CountryMiddle east

The Covid-19 pandemic may have been detrimental to the global economy, but it has done no harm to the earning power of the world’s biggest technology companies.

As many people stayed indoors to stem the spread of the virus and relied more on technology for work and entertainment, leading tech companies posted a significant increase in their revenues in the first quarter of this year, even as supply chain disruptions led to a global shortage of semiconductors.

The National looks at how much revenue the FAANG group [Facebook, Amazon, Apple, Netflix and Google’s parent company Alphabet] of technology heavyweights, Microsoft and electric vehicle

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