US 5 Tech giants / Apple, Microsoft, Alphabet, Amazon & Meta

U.S. Big Tech Companies: Revenue and Current Issues

The U.S. Big Tech companies—Apple, Microsoft, Alphabet (Google), Amazon, and Meta (Facebook)—play a crucial role in the global economy and technology industry. Let's take a look at their recent revenue performance and the current issues they are facing.

1. Apple Inc.

• Revenue: In Q2 of 2024, Apple reported a revenue of $81.8 billion, a 1% decrease from the previous year. This drop was mainly due to a decline in sales of key hardware products such as the iPhone and Mac. However, the services sector saw an 8% increase, which is a positive sign for the company.

2. Microsoft Corporation

• Revenue: Microsoft’s Q2 2024 revenue increased by 8% year-over-year, totaling $56.2 billion. The major driver of this growth was the 15% increase in revenue from its cloud service, Azure.

3. Alphabet Inc. (Google)

• Revenue: Alphabet, Google's parent company, reported $74.6 billion in revenue for Q2 2024, a 7% increase from the previous year. Despite the ongoing economic downturn and increased competition, the company showed steady growth.

4. Amazon.com Inc.

• Revenue: Amazon’s Q2 2024 revenue reached $134.4 billion, an 11% increase from the same period last year. This marks a return to double-digit growth after six quarters and signals the recovery of the e-commerce market.

5. Meta Platforms Inc. (Facebook)

• Revenue: Meta's Q2 2024 revenue increased by 2.6% year-over-year to $12.4 billion. The company also saw a 32.8% increase in net income, reaching $2.29 billion, signaling a positive financial trend.

Current Issues Facing Big Tech Companies

These tech giants are currently facing several common challenges:

• Increased Regulation: In the U.S. and Europe, antitrust regulations are tightening. Investigations into anti-competitive behavior, especially regarding the abuse of market dominance, are ongoing.
• Investment in AI and Emerging Technologies: Big Tech companies are heavily investing in cutting-edge technologies like Artificial Intelligence (AI), quantum computing, and virtual reality (VR). These investments are aimed at creating new markets and enhancing their competitive edge.
• Global Supply Chain Issues: The vulnerabilities in the global supply chain, especially after the COVID-19 pandemic, have exposed shortages in essential components like semiconductors. This has led to production delays and increased costs.

Market Value

As of February 2025, the market values of the major Big Tech companies are as follows:

• Apple: $3.3 trillion
• Microsoft: $3.1 trillion
• Amazon: $2.5 trillion
• Alphabet (Google): $2.3 trillion
• Meta: $900 billion