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Jul 26, 2023 • 4 min read

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Microsoft Earnings:

Microsoft's fiscal fourth-quarter results exceeded predictions, with an 8% jump in revenue to $56.2 billion and a 20% rise in profits to $20.1 billion. Earnings per share also increased by 21% to $2.69.
The growth is largely credited to the company's cloud services, which enjoyed a 21% boost in revenue. Meanwhile, the Intelligent Cloud segment saw a 15% rise, primarily due to Azure and other cloud-related incomes.
Contrastingly, the More Personal Computing segment suffered a 4% fall in revenue, largely due to fewer Windows sales to computer manufacturers. Amidst their AI product developments, Microsoft has been integrating AI "copilots" into its software and cloud services, using technologies from its own portfolio and those licensed from its partner, OpenAI.
Although Microsoft's shares hit a record high after the pricing announcement for Microsoft 365 Copilot, the AI-based product is not yet commercially available. The company also highlighted that AI hasn't significantly influenced their revenue yet, stating they are "still early in our journey."

Yeezy Sales:

Last year, Adidas ended its high-revenue Yeezy contract with renowned rapper Kanye West, known as "Ye," leaving the company with a hefty inventory of unsold Yeezys valued at $1.3 billion. There were numerous discussions over the best course of action regarding this overstock.
The decision, as reported by the Financial Times, was to resume sales of the Yeezy brand in late May and pledge to donate the profits to charitable causes. This strategic move not only addressed the surplus but also positioned the company as socially responsible.
The result of this approach has exceeded expectations. Adidas has received a whopping $563 million in Yeezy orders since resuming sales. It's noteworthy that these sales have considerably surpassed their initial projections, illustrating the enduring popularity of the Yeezy brand.
Adidas has further decided to allocate much of these unexpected profits to social activist groups. This generous gesture underscores the company's commitment to social issues, while also effectively managing their surplus inventory.

Mbappé's Billion-Dollar Offer:

Al Hilal, a Saudi soccer club, has made an offer of $1.1 billion for striker Kylian Mbappé, who at 24 is among the top soccer players globally. Currently playing for the French team PSG, Mbappé finds himself in a tense contract dispute with the club.
In the world of soccer, clubs must pay transfer fees to sign players under contract with other teams. Al Hilal's offer includes a record-breaking $332 million transfer fee to PSG and an astounding $776 million for Mbappé for just one season.
Mbappé has yet to respond to this offer, and soccer analysts largely believe he prefers to join Spain's Real Madrid. This proposed deal sets a new standard for player valuations and will undoubtedly shape the global soccer market.

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