Microsofts lifetime revenues reach $1 trillion

Microsoft logoMicrosoft is a money-making machine and if you had any doubts about it, here are some very interesting stats: the company has reached $1 trillion in total cumulative revenues the previous quarter, a milestone that only the software giant and rival Apple has managed to achieve until now.

As far as Apple is concerned, the iPhone maker actually surpassed the $1 trillion mark last year, but in this case, it was the hardware products that contributed to the accelerated growth. As writer Jeff Reifman explains, despite the fact that Apple exceeded the $1 trillion milestone faster than Microsoft, the software giant still has bigger profit.

In the case of Microsoft, the lifetime profit is at $265.2 billion, while Apple has generated only $261.6 billion.

So why no announcement? you might ask. And this question does make sense because reaching such a milestone is in most of the cases a reason for celebration. But this time, Microsoft remained tight-lipped and according to Reifman, its all because the company just wanted to avoid criticism for storing part of the money in offshore accounts.

You might expect a company to announce a milestone like this and bask in this incredible accomplishment but not Microsoft. It chose to stay silent as it faces increased public scrutiny for holding $108.3 billion in earnings offshore (an incredible 41% of its all time profit) and its history of tax dodging at home in Washington State, Reifman wrote.

As compared to Microsoft, search giant Google is far behind and its cumulative earnings have only reached $96.3 billion.

And theres more. Microsoft and Amazon have generated revenues of no less than $1.5 trillion and helped create more than 161,220 millionaires but the wealthy here pay the lowest share of taxes in the entire country.

At this point, Bill Gates is the richest man in the world with a net worth of $79.2 billion, and hes not only incredibly rich, but also one of the worlds biggest philanthropists, fighting to cure polio and malaria in poor countries.

Source: Softpedia

Tags: Microsoft

Add comment

Your name:
Sign in with:
Your comment:

Enter code:

E-mail (not required)
E-mail will not be disclosed to the third party

Last news

Consumer group recommends iPhone 8 over anniversary model
LTE connections wherever you go and instant waking should come to regular PCs, too
That fiction is slowly becoming a reality
The Snapdragon 845 octa-core SoC includes the Snapdragon X20 LTE modem
Human moderators can help make YouTube a safer place for everyone
Google says Progressive Web Apps are the future of app-like webpages
All 2018 models to sport the 'notch'
The biggest exchange in South Korea, where the BTC/KRW pair is at $14,700 now
The Samsung Galaxy A5 (2017) Review
The evolution of the successful smartphone, now with a waterproof body and USB Type-C
February 7, 2017 /
Samsung Galaxy TabPro S - a tablet with the Windows-keyboard
The first Windows-tablet with the 12-inch display Super AMOLED
June 7, 2016 /
Keyboards for iOS
Ten iOS keyboards review
July 18, 2015 /
Samsung E1200 Mobile Phone Review
A cheap phone with a good screen
March 8, 2015 / 4
Creative Sound Blaster Z sound card review
Good sound for those who are not satisfied with the onboard solution
September 25, 2014 / 2
Samsung Galaxy Gear: Smartwatch at High Price
The first smartwatch from Samsung - almost a smartphone with a small body
December 19, 2013 /

News Archive



Do you use microSD card with your phone?
or leave your own version in comments (4)