Statista

In 2021, the combined revenues of the four biggest U.S. tech companies - Google, Amazon, Meta and Apple – shot past the trillion-dollar mark. As this week’s racing lines based on company data show, the group generated revenues of $1.2 trillion in the corresponding period. By 2023, revenues rose further to around $1.4 trillion. Compared to the $56 billion those four companies generated in 2007, total revenues increased by 2,400 percent in the past 16 years. Amazon, which is one of the most influential global entities that has redefined e-commerce, cloud computing and digital innovation, had the highest revenue share of the bunch in the past year. The company’s success lies in a multi-layered business model that exerts a lasting influence on modern business paradigms. Google (Alphabet), Apple and Meta follow in the sales ranking. One of the reasons for the revenue increases over the last two years is likely to be the numerous staff layoffs. At the start of 2022, the tech companies shown have laid off employees in the four to five-digit range. The wave of redundancies at internet companies, technology groups and start-ups accelerated in the second half of 2022 and has since subsided, as data from the crowd-sourced data portal Layoffs.fyi shows. 

Spotify, the Swedish-based podcast and music streaming platform, released its Q2 earnings for 2024 on Monday. Since its launch 16 years ago, the company has become one of the world’s leading platforms in the field, listened to by some 626 million monthly active users, 246 million of whom (approx. 39 percent) are paying for a premium subscription. The following chart looks more closely at the topic, asking: how does the audio streaming platform’s popularity vary around the world? Data from Statista’s Consumer Insights macro survey shows that respondents in Mexico as well as Sweden, the latter of which is Spotify’s hometurf, are particularly likely to have paid for Spotify among the polled countries. In the United Kingdom and Spain, just under a third of respondents had used the premium version of the service, while in France, this was significantly lower (18 percent). South Korea stands out for its low uptake of the service, with only 5 percent of respondents having purchased a subscription in the past year. This is partly due to the fact that the country’s respondents opted for homegrown online music services such as Melon and Genie or for YouTube Music.

Tesla reported this week that second-quarter 2024 earnings were down more than 40 percent year-on-year to $1.48 billion, compared with $2.70 billion in Q2 2023. The electric vehicle manufacturer has cut prices to cope with increased competition from other manufacturers and slowing demand while increasing spending on artificial intelligence projects (on-board computers, sensors), all of which caused its profit margin to shrink considerably. As the following infographic shows, after peaking at almost 30 percent two years ago, Tesla's profit margin fell below 20 percent at the beginning of last year, then below 15 percent in the second quarter of 2024 (14.6 percent). This is the lowest profit margin recorded by the company in over five years.

The European Ice Cream market is experiencing a surge in demand, driven by hotter summer days and a growing consumer preference for healthier options, such as low-sugar and plant-based ice creams. Additionally, there is a rising trend towards premium and artisanal products, as consumers seek unique flavors and high-quality ingredients to enjoy during the increasingly warm seasons. For more market insights click here: https://lnkd.in/es8AP-wv

NVIDIA is a leading technology company specializing in graphics processing units (GPUs) and artificial intelligence solutions. Its GPUs are widely used in gaming, professional visualization, data centers and automotive applications. Nvidia's advancements in artificial intelligence and deep learning have had a significant impact on various industries. Let's take a closer look at Nvidia.

Taylor Swift is one of the most successful artists of our time. The multi-Grammy award-winning American singer/songwriter has broken records on streaming platforms, had multiple number one hits and has even impacted local economies when on tour; the most recent of which, The Eras Tour, was the highest-grossing concert tour in history. Download this free Statista spotlight report to find the answers to these three questions and much more:    👉 How popular is Taylor Swift?  👉 What influence does she have in the music industry?  👉 And how does she leave her mark on the broader economy? https://lnkd.in/dj9jsZFx

The ranking "America’s Best Midsize Companies 2024" identifies top-performing U.S. companies based on Employee Satisfaction, Revenue Growth, and Sustainability Transparency. Employee Satisfaction was measured through surveys from approximately 170,000 employees, focusing on various workplace aspects. Revenue Growth was assessed using Statista’s database, considering companies with revenues between $100 million and $10 billion and positive growth over the last three years. Sustainability Transparency was evaluated through ESG data, considering environmental, social, and governance factors, and the final ranking score was derived by equally weighting these three dimensions. More information can be found here 👉 https://lnkd.in/gAguYxBU Workday ServiceNow Ally Financial Group Ralph Lauren Airbnb

Mercedes-Benz AG is a globally recognized automotive brand known for its luxury vehicles, superior engineering and innovative technologies. The brand's widespread popularity stems from its long-standing reputation for quality, performance and safety. With a presence in more than 170 countries, Mercedes-Benz maintains a leading position in the automotive industry.   The data is provided by Statista Consumer Insights and a different brand is selected and highlighted each time. For more consumer insights click here 👉 https://lnkd.in/eXidY9h8

Due to the success of companies like NVIDIA or OpenAI, many people know about the AI arms race, the corresponding hype bubble and the chips required to power the underlying data centers. Fewer people know that even though Nvidia sells AI-focused products like their A100, H100 or B100 data center platforms, they don't produce the semiconductors themselves. This task falls to TSMC, a chip foundry from Taiwan. Foundries manufacture all kinds of semiconductors for companies that can't or won't produce chips themselves. And in the field of semiconductor foundries, no other company even comes close to TSMC's dominance. Data from Counterpoint Research shows that in the first quarter of 2024 TSMC had a revenue-based market share of 62 percent. This is unsurprising, as TSMC has been manufacturing chips for Nvidia for decades and the latter is struggling to keep up with increasing demand for their hardware powering the AI gold rush. "We’ve observed more evidence to support that the AI demand is real, with increasing CAPEX of cloud service providers adopting the AI hardware first and the following would be enterprises", says Counterpoint Research analyst Adam Chang. "We expected the demand for AI to remain strong in 2024, and probably more upsides in 2025. However, non-AI demand remained sluggish, but we think the inventory set-up is promising after several quarters of de-stocking." While it's unclear when the dam on this particular hype breaks and what this will do to the bottom lines of both TSMC and Nvidia, it's unlikely that the former's market share will take any major hits. Historically, TSMC has had a foundry market share upwards of 50 percent since at least mid-2021, four times as big as its biggest competitor Samsung Foundry. However, Samsung Electronics' foundry market share needs to be taken with a grain of salt since they also produce the chips for their products.

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