Tech giants
Google, Apple, and Microsoft have all reported record quarterly sales and
profits on Tuesday as the firms continue to benefit from the COVID-19 pandemic
that has forced the world to go digital.

Apple posted
a profit of $21.7 billion for the quarter
that ended in June. This is the company’s best fiscal quarter in its 45-year
history that got a boost by strong sales of the iPhone 12 and growth in its
services business, the Guardian reported.

 Google’s parent company Alphabet on the other hand reported revenue of
$61.8 billion, a 62% increase on the same period a year earlier. The company’s
profit stood at over $18.5 billion, more than twice its profits for the same
period last year. Its revenue from advertising saw a 69% rise from last year.

Microsoft
reported revenues of over $46 billion for the quarter – a rise of 21% compared
to the same quarter last year.

These
reports come a day after Tesla posted a record profit on Monday. Facebook will
come out with its report on Wednesday while Amazon will post it on Thursday in
what can be called a busy week for earning results.

Google,
Microsoft and Apple are now worth almost 33% of the entire fortune 500 list of companies
in the United States with their shares skyrocketing during the ongoing pandemic
due to the world adopting a digital lifestyle.

The tech
billionaires hold a collective wealth of $2.5 trillion, up 80% on $1.4 trillion
before the pandemic started. Amazon’s founder Jeff Bezos leads the list of the
world’s richest people with an estimated $212 billion in net worth. He is
closely followed by Tesla co-founder Elon Musk with a net worth of $180 billion,
Microsoft co-founder Bill Gates with $151 billion, and Facebook’s Mark
Zuckerberg with about $138 billion.