AUS
NZ
UK
CA
USA
FRA
GER
ESP
ITA
NLD
PRT
SWE
GRC
IND
POL
BRA
ZAF
RUS
CHN
UAE
Summary
- Apple Inc. became the world’s largest company by revenue in 2020 after netting US$274.5 billion in returns. It was valued at US$2 trillion.
- Tesla’s market cap of US$597 billion is higher than that of General Motors and Ford Motors combined.
- Apple and Tesla recorded consistent growth in revenue and gross profit.
Apple Inc., one of the most popular smartphone brands and Tesla Inc., the world's largest EV maker, have logged consistent growth in revenue and gross profit in recent years, advanced by their popular, innovative products.
Let’s explore these two stocks in detail.
Apple Inc. (NASDAQ:APPL)
Founded in 1976, Apple makes a range of electronic goods, from iPhones, laptops, and computers to software.
It is among the top 5 tech companies in the US. It logged income of US$274.5 billion in 2020, making it the world’s largest technology company by revenue.
Apple became a US$1 trillion company in August 2018, while moving on to become a US$2 trillion firm in 2020. Its current market cap is US$2.2 trillion.
Also read: Apple to reportedly invest USD 3.6B in Kia for EVs production
It saw consistent growth in gross profit annually since 2017.
The stock price, however, declined 1.91% YTD and 59.92% in the past 12 months. It was trading at US$126.93 at 12.28 pm ET on May 25.
The company logged revenue of US$89.6 billion in Q2 ended March 2021. It was a 54% jump from the figure in the year-ago quarter.
Diluted EPS was US$1.40. It announced a cash dividend of US$0.22 per share.
Global product sales contributed 67 percent of its Q2 revenue.
Also read: Tech giants report earnings: How did Apple & Tesla fare
Tesla Inc (NASDAQ:TSLA)
Tesla Inc. was founded in 2003, and it became a world leader in EVs in no time.
Its market cap of US$577 billion is higher than that of General Motors and Ford Motors combined. Its first car was Roadster, launched in 2009, and went on to produce over one million cars since.
In 2020 alone, it produced 499,550 units, a 35.8% YoY growth. Tesla delivered 185,000 vehicles in Q1 of 2021. Revenues surged to US$10 billion from US$5.9 billion after its Model Y cars were well received in China and elsewhere.
It clocked a total gross profit of US$2.2 billion during the period.
Tesla’s gross profit has been rising annually since its inception.
Also read: Elon Musk Calls for Renewable Energy Audits by Bitcoin Miners
Tesla’s stock price declined by 17.89% YTD and 26.9% in a year. It was trading at US$599.294 at 11.57 am ET on May 25.
Other Tesla models include the Model Y crossover and Model 3 sedan.
