Home Nike items Watches Give Apple $ 8.8 Billion Boost

Watches Give Apple $ 8.8 Billion Boost

4
0

In case you missed it, Elon Musk recently added $ 117 billion to his fortune and is now worth $ 287 billion, more than Warren Buffett and Bill Gates combined. In other words, Musk could buy all of the MLB, NBA, NFL, and NHL teams – with a combined value of $ 260 billion.



Amazon / Design: Alex Brooks

Amazon generated $ 110.81 billion in revenue in the third quarter, missing Wall Street’s estimate of $ 111.6 billion in revenue for the quarter.

The retail and tech giant fell short of expectations due to supply chain issues plague industries around the world and consumers are returning to brick and mortar stores.

CEO Andy Jassy said that Game could become the most important category in the entertainment industry and Amazon continued to increase its market position in the third quarter.

  • It released the PC game title “New World” on September 28 for $ 40.
  • The game became the new most played title this year on Steam.
  • During its launch week, “New World” appeared as the most watched game on Twitch.

Amazon bought Twitch, a gaming-focused streaming platform, in 2014 for about $ 1 billion. Twitch generated around $ 2.3 billion in revenue last year.

The company will offer the game titles “Rise of the Tomb Raider” and “Dragon Age Inquisition” to its Prime Gaming members at no additional cost starting in November.

Earlier this month, Amazon’s Prime Gaming entered into a long-term partnership with Riot games to provide exclusive in-game offers to its customers.

Amazon plans to alleviate the logistical challenges it faced in the third quarter by hiring 275,000 permanent and seasonal employees across the country ahead of the holiday season.

The company expects sales to be between $ 130 billion and $ 140 billion for the fourth quarter of 2021.

Paris 2024 / Design: Alex Brooks

Despite venturing into a number of new industries over the past year, sporting goods retailer Fanatics is returning to its roots with a new e-commerce deal with the International Olympic Committee.

The agreement creates the first permanent e-commerce platform for the Olympics and through the Los Angeles 2028 Olympics. This will not include sales from the 2022 Winter Games in Beijing – China has a separate e-commerce deal with Alibaba.

The store is already present in several countries and will be deployed worldwide by next summer, except in Russia and China. Financial terms were not disclosed.

The CIO will now have the ability to interact with customers to generate revenue or data – they previously did not have access to each team’s individual offerings. Fanatics previously held the e-commerce rights for Team USA.

  • The planned organizers $ 100 million to sell licensed products during the 2020 Olympics.
  • The 2016 Brazilian Games had initial estimates of more than $ 400 million in sales.

Fanatics, valued at $ 18 billion, has already started producing items for the Paris 2024 Olympics, with plans to tie clothing from each event to past and future Games, including the 1996 Atlanta Olympics. The agreement includes the rights to manufacture and sell the iconic Olympic rings.

The global deal will add to Fanatics’ continued expansion. His company NFT, launched this year, is already valued at $ 1.5 billion, and his collectible card company is valued at $ 10.4 billion.

Fanatics estimates it will exceed $ 3 billion in sales this year.


Amazon / Design: Alex Brooks

Amazon generated $ 110.81 billion in revenue in the third quarter, missing Wall Street’s estimate of $ 111.6 billion in revenue for the quarter.

The retail and tech giant fell short of expectations due to supply chain issues that plagues industries around the world and consumers returning to brick and mortar stores.

CEO Andy Jassy said that Game could become the most important category in the entertainment industry and Amazon continued to increase its market position in the third quarter.

  • It released the PC game title “New World” on September 28 for $ 40.
  • The game became the new most played title this year on Steam.
  • During its launch week, “New World” appeared as the most watched game on Twitch.

Amazon bought Twitch, a gaming-focused streaming platform, in 2014 for about $ 1 billion. Twitch generated around $ 2.3 billion in revenue last year.

The company will offer the game titles “Rise of the Tomb Raider” and “Dragon Age Inquisition” to its Prime Gaming members at no additional cost starting in November.

Earlier this month, Amazon’s Prime Gaming entered into a long-term partnership with Riot games to provide exclusive in-game offers to its customers.

Amazon plans to alleviate the logistical challenges it faced in the third quarter by hiring 275,000 permanent and seasonal employees across the country ahead of the holiday season.

The company expects sales to be between $ 130 billion and $ 140 billion for the fourth quarter of 2021.

USA TODAY NETWORK / Design: Alex Brooks

A WNBA expansion team could come to Oakland through a group of investors led by retired player Alana Beard.

The WNBA champion is teaming up with the African American Sports and Entertainment Group, an organization reportedly seeking a 50% of the capital in the Oakland Coliseum complex. Oakland Deputy Mayor Rebecca Kaplan was also involved in the process.

It’s unclear how much a new team would cost, especially in a market like Oakland, but bankers estimated the 2019 New York Liberty sale to be in the $ 10 to $ 14 million range.

Commissioner Cathy Engelbert expressed her continued interest in a bigger league this summer – the league has 12 teams of 12 players each.

A report from Deloitte earlier this year expects global television and sponsorship revenues for women’s sport to eclipse $ 1 billion.

  • The 2020 regular season was the most watched WNBA season since 2008. Audience increased 51% compared to 2020.
  • In May, Google joined Nike, Deloitte and AT&T as WNBA Changemaker.
  • Amazon has purchased the exclusive broadcast rights to 16 WNBA games as part of a multi-year agreement.

Charlotte, Houston, Toronto and Philadelphia have all been identified as potential expansion cities. Mystics point guard and Athletes Unlimited signatory Natasha Cloud said she was doing her best to bring a team back to Philly.

Former Atlanta Dream star Renee Montgomery became the first former player to both own and lead a WNBA franchise team in March.


  • The Best Employers in Sport are back! Whether it’s excellent leadership, a commitment to D&I, employee well-being, or social endeavors, the BES award seeks to recognize organizations that do good with their teams. The investigation is open until November 12! Click here to submit an application.
  • The Green Bay Packers received approval of the NFL for a possible sale of shares to help fund improvements at Lambeau Field, but the team will still need regulatory approvals for any offer.
  • SiriusXM job its third-quarter results Thursday, posting revenue of $ 2.2 billion.
  • Daniel Kretinsky, owner of Sparta Prague, is in advanced talks to to acquire a 27% stake in the Premier League’s West Ham, potentially leading to a full takeover of the squad.

Are you planning to buy an Apple device during the holiday season?

Thursday’s response
58% of those questioned wish to learn a new language.

* All times are EST, unless otherwise noted.
* Dimensions / lines subject to change. The T & Cs apply. See draftkings.com/sportsbook for more details.



Source link