In a remarkable turn of events, the world’s leading technology companies have shattered previous earnings records in the fourth quarter of 2024, with artificial intelligence investments proving to be the primary growth driver.
Apple Inc. reported revenue of $123.9 billion, up 8% year-over-year, while Microsoft’s revenue reached $62.0 billion, representing a 12% increase. Google’s parent company Alphabet saw revenue of $86.3 billion, marking a 13% growth compared to the same period last year.
The surge in earnings is largely attributed to the companies’ strategic investments in AI technologies, cloud computing services, and digital transformation solutions that have become essential for businesses worldwide.
Industry analysts predict this trend will continue into 2025, with AI-related services expected to generate over $200 billion in revenue for these companies combined.
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