What you need to know
- Apple reportedly makes more money in a second than the average weekly wage in the United States.
- Apple earns almost $1,800 each and every second.
- The average weekly wage is currently $1,237.
Apple earns more money in a single second than many Americans in full-time jobs earn in an entire week, according to a new report.
New research, carried out by Tipalti, "looked at the annual profit figures of 50 of the world's best-known companies to find those that are making the most money per second." As you might expect, Apple came out top — and there's a webpage that will count its income while you sit and watch. Just to drive the point home.
According to that report, Apple currently earns $151 billion per day or $1,752 per second. To put that into perspective, the average weekly wage in the United States sits at around $1,237. That means that those earning the average wage need more than a week to earn what Apple manages to bag inside just one second. How much has Apple banked while you've been reading this? A lot, that's how much.
Apple rakes in as much as $55 billion in annual profits, by the way.
All of this is of course unlikely to make many of us feel better about ourselves, although there's a discussion to be had about whether we should compare people to huge companies worth trillions of dollars. But what these numbers do is give us a better way to understand figures that are otherwise meaningless. $55 billion sounds like a lot, but it's a number few of us can really comprehend. Knowing that Apple brings almost $1,800 into the business every second makes it easier to comprehend — whether we like those numbers once we do is another matter!
All of this comes as Apple just announced the best Mac for most people in the shape of the new Apple M2 MacBook Air. That's a costly machine by most standards and starts at $1,199 when it goes on sale next month. That, for those following along at home, is around a week's wages for many of us.
Don't worry though, if you don't buy one Apple will rake in just as much money in the time it takes you to think "that's a lot of money!"
Oliver Haslam has written about Apple and the wider technology business for more than a decade with bylines on How-To Geek, PC Mag, iDownloadBlog, and many more. He has also been published in print for Macworld, including cover stories. At iMore, Oliver is involved in daily news coverage and, not being short of opinions, has been known to 'explain' those thoughts in more detail, too.
Having grown up using PCs and spending far too much money on graphics card and flashy RAM, Oliver switched to the Mac with a G5 iMac and hasn't looked back. Since then he's seen the growth of the smartphone world, backed by iPhone, and new product categories come and go. Current expertise includes iOS, macOS, streaming services, and pretty much anything that has a battery or plugs into a wall. Oliver also covers mobile gaming for iMore, with Apple Arcade a particular focus. He's been gaming since the Atari 2600 days and still struggles to comprehend the fact he can play console quality titles on his pocket computer.
An entire corporation makes more money in a second than an individual makes in a week? Dah. I bet an entire corporation has more costs and overhead too.
So do countless other companies all over the world. What's your point?
There are 86,400 seconds in a day (604,800 in a week). Considering Apple has at least that many employees around the world, that would be kind of a no-brainer when you think they make a whale of a lot more than $7 an hour.
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