Tesla Hits $1 Billion USD in Quarterly Profit and Louis Vuitton Is Releasing NFTs in This Week’s Business and Crypto Roundup

While bitcoin topped $40,000 USD.

Tech 
6,539 Hypes 2 Comments

Many brands are starting to see a recovery despite the challenges initially brought on by the pandemic. Some businesses, especially ones that focused efforts on expanding e-commerce ventures, have even seen profits rise even higher than before.

HYPEBEAST has rounded up the top business and crypto stories of the week so you can stay in-the-know about trends across industries.

Business

1. LVMH reported $17.5 billion USD in Q2 revenue

LVMH‘s €14.7 billion EUR (approximately $17.5 billion USD) revenue is roughly 14 percent higher than numbers reported in the same-period two years ago. Its most profitable label, Louis Vuitton, reported record sales and profitability in the first half of 2021.

2. Tesla’s quarterly profit surpassed $1 billion USD

The electric car manufacturer earned $1.1 billion USD for the first time. The number is ten times the number recorded for last year’s reported earnings.

3. Apple’s Q3 2021 revenues hit $81.4 billion USD

Apple‘s revenue growth was largely driven by iPhone sales, which increased from $26 billion USD to $39.5 billion USD. Overall, the company saw a 36 percent growth in revenues year-over-year.

4. Microsoft saw immense growth in Q4

Overall, 2021 saw a rise of 18 percent in revenues for Microsoft at $168.1 billion USD, while profits soared by 38 percent to $61.3 billion USD. Much of the company’s recent success can be attributed to its expansion on its Intelligent Cloud business, which grew 30 percent over the past year.

5. Google’s parent company Alphabet continues to grow throughout 2021

Alphabet saw a 62 percent increase in revenue over the second quarter year-over-year. Net income also rose from $7 billion USD to $18.5 billion USD compared to the same period a year ago.

Crypto

1. Bitcoin topped $40,000 USD this week, reaching a six-week high

Bitcoin last rose above $40,000 USD in mid-June. Speculation over Amazon‘s foray into digital currency and news last week that Elon Musk and his companies still hold bitcoin may have led to the price rise.

2. Louis Vuitton is releasing a new mobile game featuring NFTs

Titled Louis: The Game, it was created in celebration of the upcoming 200th birthday of the house’s founder. The game is set to feature a number of embedded NFT’s.

3. Mintable will celebrate comic legend Stan Lee’s life and work with an NFT auction

Dubbed the “Stan Lee Legacy Collection,” each painting was selected and signed by Lee before his passing in 2018. The auction offers both real-life artworks and blockchain-backed NFTs.

4. Robinhood was valued at $32 billion USD ahead of its IPO

The popular no-fee trading app priced its shares at $38 USD each ahead of its debut on the NASDAQ. It has begun trading under the symbol “HOOD.”

5. An archival Yohji Yamamoto 1980s wool coat is now an NFT

PATREOTS will be 3D scanning and digitizing a large portion of its archive to produce an online digital library. The person who purchases the 3D scan NFT will also be given the coat in the final sale.

Read Full Article

What to Read Next

Zoom Acquires Five9 and Amazon Is Getting Into Crypto in This Week’s Business and Crypto Roundup
Tech 

Zoom Acquires Five9 and Amazon Is Getting Into Crypto in This Week’s Business and Crypto Roundup

While Netflix growth slows and Twitter reaches 206 million users.

AMC Will Start Accepting Bitcoin and Sony Acquires Crunchyroll in This Week’s Business and Crypto Roundup
Tech 

AMC Will Start Accepting Bitcoin and Sony Acquires Crunchyroll in This Week’s Business and Crypto Roundup

While Reddit is valued at $10 billion USD.

El Salvador Embraces Bitcoin in This Week’s Business and Crypto Roundup
Tech 

El Salvador Embraces Bitcoin in This Week’s Business and Crypto Roundup

While Snoop Dogg joined Def Jam and Gap is reportedly shutting stores in the U.K. and Ireland.


Nike Shares Hit an All-Time High and JAY-Z Debuts an NFT in This Week’s Business and Crypto Roundup
Tech 

Nike Shares Hit an All-Time High and JAY-Z Debuts an NFT in This Week’s Business and Crypto Roundup

While Apple refurbished an iconic L.A. theatre and El Salvador is giving its citizens free bitcoin.

A 'Power Rangers' Restaurant Has Just Opened in Tokyo
Entertainment

A 'Power Rangers' Restaurant Has Just Opened in Tokyo

Doubling as a museum.

Stone Island Teases Project With New Balance’s Tokyo Design Studio
Fashion

Stone Island Teases Project With New Balance’s Tokyo Design Studio

Forming a part of the pair’s long-term partnership.

"Pandemic Pets" Are Being Abandoned at An Alarming Rate As Employees Return to Office
Entertainment

"Pandemic Pets" Are Being Abandoned at An Alarming Rate As Employees Return to Office

Bags of kittens are being left on doorsteps.

Japanese People Reveal They Put Chocolate, Coffee and More in Their Curry
Food & Beverage

Japanese People Reveal They Put Chocolate, Coffee and More in Their Curry

Some unique secret ingredients to elevate the beloved dish.

Take a Detailed Look at the Off-White™ x Nike Dunk Low "THE 50" 16 of 50
Footwear

Take a Detailed Look at the Off-White™ x Nike Dunk Low "THE 50" 16 of 50

How do you feel about this iteration?


Jack In The Box is Set to Release Fiery-Red Spicy Tiny Tacos
Food & Beverage

Jack In The Box is Set to Release Fiery-Red Spicy Tiny Tacos

With a fiery red taco coating.

Annapurna Interactive and BlueTwelve Studio's 'Stray' Cat Simulator Set to Arrive on PlayStation and P.C. in 2022
Gaming

Annapurna Interactive and BlueTwelve Studio's 'Stray' Cat Simulator Set to Arrive on PlayStation and P.C. in 2022

Find your way home as a loving but lost feline.

NBC Unveils New Trailer for Final Season of 'Brooklyn Nine-Nine'
Entertainment

NBC Unveils New Trailer for Final Season of 'Brooklyn Nine-Nine'

The eight and last season of the comedy cop show premieres August 12.

David Ayer Denounces 'Suicide Squad' Studio Cut, Applauds James Gunn's Upcoming Film
Entertainment

David Ayer Denounces 'Suicide Squad' Studio Cut, Applauds James Gunn's Upcoming Film

“The studio cut is not my movie.”

Elon Musk Denies That He Once Tried To Oust Tim Cook as CEO of Apple
Tech 

Elon Musk Denies That He Once Tried To Oust Tim Cook as CEO of Apple

The wild story was published in a new book.

More ▾
 
Subscribe to our Newsletter

Gain access to exclusive interviews with industry creatives, think pieces, trend forecasts, guides and more.

By subscribing, you agree to our Terms of Use and Privacy Policy.

Adblock Detected.

We charge advertisers instead of our readers. If you enjoy our content, please add us to your adblocker's whitelist. We'd really appreciated it.