The brand was valued at $1.6 billion USD in April, according to Bloomberg. The shapewear brand’s $240 million financing round was led by hedge fund Lone Pine Capital. Kim Kardashians SKIMS doubles in valuation to $3.2 billion USD Apple CEO Tim Cook said: “This quarter’s record results were made possible by our most innovative lineup of products and services ever.”ĥ.

The company also reported a net income of $34.6 billion USD with gross margins that exceeded 43%. Apple’s Q1 2022 revenue increased to $123.9 Billion USD Sales: 76.57 trillion, operating profit: 13.87 trillion Ĥ. Overall revenue for the year also reached a record high of $232.5 billion USD, with $42.9 billion USD in operating profit. Samsung reported record revenue for Q4 of 2021Ĭonsolidated revenue for the period came in at $63.7 billion USD but operating profit was just $11.5 billion USD, marking a slight decline year-over-year. The company is now valued at $300 billion USD.ģ. Two people familiar with the matter told the outlet that the company’s revenue increased to around $58 billion USD in 2021. TikTok owner ByteDance saw its total revenue grow by 70% year-over-year, according to Reuters My $TSLA “Product Roadmap Update” Interpretation:ĭemand is off the hook for existing models so it doesn’t make sense for us to introduce new vehicle models until all supply constraints can first catch up to that ever-increasing demandĢ.

CEO Elon Musk also discussed a “product road map” and said the company would not release any new models in 2022, including the highly-anticipated Cybertruck. The company reported a 65% revenue growth year-over-year to $17.72 billion USD. Tesla reported its fourth-quarter results and said it would not release new cars this year HYPEBEAST has rounded up the top business and crypto stories of the week so you can stay in the know about trends across industries.

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