Tech Companies Experience Large Growth

With new product launches and increased jobs investments, the nation’s largest technology titans are projecting considerable growth in 2018.

With combined revenue growth of nearly 16 percent and over $146 billion in new profits, the ten largest tech companies will exceed $1 trillion in sales. Apple is experiencing the largest profit gains with anticipated sales reaching nearly $300 billion, $44 billion coming from the iPhone X alone.

Amazon will add $51 billion in sales over 2017, accounting for a 29 percent increase. Along with Facebook’s 34 percent growth and Alphabet’s 19 percent growth, the tech industry in adding almost half a billion dollars in new sales each day.

Despite experiencing its largest ever value in 2017, the NASDAQ is anticipated to climb even higher with the added sales in 2018.