CES 2022 Teased New Products and Apple Briefly Hit $3 Trillion USD in This Week’s Business and Crypto Roundup01/08/2022
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.
1. The Consumer Electronics Show (CES) took place in Las Vegas, with several companies unveiling new products
Samsung introduced a new gaming hub and NFT platform, Sony unveiled the world’s first QD-OLED 4K TV, BMW showcased Digital Art More and a color-changing car and Razer revealed a modular gaming desk and Zephyr Pro mask. Check out all of the top concepts here.
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2. Tim Cook earned $98.7 million USD as Apple CEO last year
His compensation included a $3 million USD base plus $82.3 million USD in stock awards, $12 million in non-equity incentives and an additional $1.3 million USD in other types of compensations. To put it into perspective, Cook’s salary is roughly 1,447 times the median Apple employee salary of $68,254 USD.
3. Snap is trying to trademark the word “spectacles”
Snap sued the United States Patent and Trademark Office for rejecting its application to trademark the word “spectacles” for their digital eyewear camera device of the same name. The USPTO has argued that the word is too generic to be applied to the company’s smart glasses.
4. Apple briefly hit a $3 trillion USD market cap
Apple reached the financial benchmark when its shares hit $182.86 before dropping. It is the first publicly traded U.S. company to do so.