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July 29, 2022, 5:10 AM
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| Apple: |
Apple reports record Q3 revenue up 2% YoY to $83B, vs. $82.8B est., net income down 11% to $19.4B, iPhone revenue up 3% to $40.7B, Mac revenue down 10% to $7.4B — iPhone and Services drive June quarter record revenue — Active installed base of devices reaches all-time high for all major product categories| Kif Leswing / CNBC: |
Apple reports Services revenue grew 12% YoY to $19.6B in Q3 2022 and 860M paying subscribers globally across all its services, up from 825M in Q2 2022 — KEY POINTS — Analysts are expecting the company to give fourth-quarter guidance of $1.31 in earnings per share and nearly $90 billion in sales.
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Silicon Republic, 9to5Mac, Philip Elmer‑DeWitt, Six Colors, Neowin, Thurrott, TheStreet, SlashGear, Daring Fireball, Apple Must, BGR India, Patently Apple, Ars Technica, and Insider
Tweets: @patrickmcgee_, @benbajarin, @joannastern, @jason_kint, @trengriffin, @divestech, @munster_gene, @neilcybart, @neilcybart, @ron_miller, @epro, @jimcramer, @neilcybart, @neilcybart, @trungtphan, @lapcatsoftware, @stroughtonsmith, @divestech, @divestech, @neilcybart, @neilcybart, @anthony, @mingchikuo, @neilcybart, @samifathi_, and @neilcybart
| Reuters: |
Apple expects a faster sales growth in Q4, citing easing parts shortages and strong iPhone demand; Tim Cook says Apple is also “being more deliberate” in hiring — Apple Inc (AAPL.O) on Thursday said parts shortages are easing and that demand for iPhones is unceasing despite consumers tightening … | Casey Newton / Platformer: |
Adam Mosseri says Instagram will roll back some recent changes after a week of mounting criticism, including temporarily reducing the number of recommendations — Say goodbye to the full-screen feed, and at least some of those recommendations — for now. Adam Mosseri explains why
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Insider, The i Paper, Pocket-lint, Wccftech, Livemint, Digital gefesselt, The Guardian, New York Times, SlashGear, iThinkDifferent, Pixel Envy, BGR India, CNN, XDA Developers, The Information, The Overspill, Slashdot, Social Media Today, and Нов …
Tweets: @caseynewton, @pierce, @platformer, @chillmage, @lisatozzi, @caseynewton, @parismartineau, @stevekovach, @chelseacirruzzo, @ericajoy, @illumitatiana, @mrinaldesai, @pierce, @caseynewton, @lordravenscraft, @kerrymflynn, @caseynewton, @rob_sheridan, @patwhite70, @steven_aquino, @brianoliu, @culturecrave, @brianstelter, @tomwarren, @chillmage, @issielapowsky, @walldo, @lucas_shaw, @esaagar, @brianmanzullo, @pantibliss, @chillmage, @oliverdarcy, @oduneweniyi, @gutjahr, @tnwhiskeywoman, @caseynewton, @tiffanydesigned, @nbashaw, @aria_gerson, @shitlicious, @hypervisible, @cebsilver, @chaykak, @willoremus, @laurenjauregui, and @rebexxxxa
| Amanda Silberling / TechCrunch: |
Instagram's Dual copies BeReal's front and back camera capture feature, but misses the point: people like BeReal because it's non-addictive by design — BeReal is all about friends and habits — not the algorithm — We know the drill: Snapchat adds the Stories feature, Instagram nabs it.| Paul Alcorn / Tom's Hardware: |
Intel is winding down its Optane memory business, incurring a $559M inventory impairment; Optane is the sixth non-core business Intel CEO Pat Gelsinger has sold — 3D XPoint at the last crossroad. — Intel's Q2 2022 earnings report today was uncharacteristically disappointing …
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AnandTech, Appuals.com, The Register, Neowin, and ServeTheHome. Tweets: @cscotta. Thanks:@paulyalcorn
| Jordan Novet / CNBC: |
Intel reports Q2 revenue down 22% YoY to $15.32B, vs. $17.92B est., a $454M net loss, and Datacenter and AI Group revenue down 16% YoY to $4.6B; stock down 5%+ — - Intel slashed its full-year guidance and turned in worse-than expected quarterly results. — The company launched new chips …
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Intel, The Verge, Reuters, Fossbytes, SemiAnalysis, Wall Street Journal, Thurrott, PCMag, HPCwire, and The Register
Tweets: @dylan522p, @patrickmoorhead, @dylan522p, @tculpan, @jonmasters, @dylan522p, @donal888, @stevesi, @niubi, and @jonmasters
| Amazon: |
Amazon reports Q2 revenue up 7% YoY to $121.2B, $2B net loss vs. $7.8B net income in Q2 2021, and AWS revenue up 33% YoY; the stock jumps 10%+ after hours — SEATTLE—(BUSINESS WIRE)—Amazon.com, Inc. (NASDAQ: AMZN) today announced financial results for its second quarter ended June 30, 2022.
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The Economic Times, TechCrunch, Business Wire, PYMNTS.com, BigTechWire, Thurrott, SiliconANGLE, and New York Times
Tweets: @conorsen, @chriskeall, @carnage4life, @patrickmoorhead, @jonathanvanian, @charliebilello, @conorsen, @parismartineau, and @delrey
| Makena Kelly / The Verge: |
The US House passes the Chips and Science Act, which includes $52B+ for US chipmakers and tax credits to encourage investment; Biden must now sign it into law — All that's left is Biden's signature — It might get cheaper and easier to buy popular tech products, like gaming consoles and graphics cards …
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CoinDesk, Reuters, CNBC, Wired, Axios, PhoneArena, and SiliconANGLE
Tweets: @pgelsinger, @repjudychu, @billevanina, @jakesherman, @jonmasters, @jonmasters, @sandralrivera, @whcos, @kellymakena, and @stshank
| Todd Spangler / Variety: |
Snap launches a Sounds Creator Fund, awarding up to $100K per month to artists distributing songs on Snapchat via DistroKid, or $5K per song, starting in August — Snap has announced the Snapchat Sounds Creator Fund: Its first fund designed to support emerging and independent artists … | @chrislyons: |
VeeFriends, Gary Vaynerchuk's NFT project that has amassed ~200K ETH in sales to provide online and in-person community events, raised a $50M seed led by a16z — gm! I'm very excited to announce that @a16z crypto is leading a $50M round in @veefriends. We look forward to helping the team fuel expansion plans for its creative, technical and experiential operations that support the growing Web3 community! https://a16zcrypto.com/...
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VeeFriends, ETH Daily, Waivly, Blockworks, and Start With NFTs
Tweets: @mdudas, @kevinrose, @jeremyknowsvf, @jackmascone, @tomgara, @mikebutcher, @iamtexture, @seldo, @veefriends, and @howardlindzon
| Pete Schroeder / Reuters: |
US banking regulators order Voyager Digital to cease and desist from making “false and misleading” claims that its customers' funds were insured by the FDIC — U.S. banking regulators have ordered crypto firm Voyager Digital to cease and desist from making “false and misleading” …
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Board of Governors …, Micky, Cointelegraph, Decrypt, and Web3 is going just great
| Richard Lawler / The Verge: |
In an email to Twitter Blue subscribers, Twitter says it's increasing the price of the service; in the US, the price will jump from $2.99 to $4.99 per month — Who would pay for Twitter? — People frequently express their amazement that Twitter is free, but for some people, it isn't …
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9to5Mac, TechCrunch, PhoneArena, Twitter Help Center, and Pocket-lint
Tweets: @mattnavarra, @hunterwalk, @y_molodtsov, @markgurman, @davepell, @keithedwards, @davepell, @ow, @stuartbruce, @akindolu, @jangles, and @markgurman
| Manish Singh / TechCrunch: |
Battle-royale game BGMI, with 16.5M MAUs in India, delisted from iOS and Android app stores after Indian government ban, two years after a ban of Krafton's PUBG — Google has pulled the popular battle royale game Battlegrounds Mobile India, more popularly known as BGMI …
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Livemint, The Indian Express, BBC, Trak.in, BGR India, Reuters, MediaNama, The Economic Times, and Firstpost Tech
Tweets: @adityakalra, @refsrc, @gagan_arora1, and @adityakalra
| Todd Spangler / Variety: |
Roku misses with Q2 revenue up 18% YoY to $764M, vs. $805.2M est., 200M fewer streaming hours at 20.7B, and 1.8M active accounts added to 63.1M; stock down 25%+ — Roku fell well short of Wall Street financial forecasts for the second quarter — and the streaming platform saw the number of hours streamed by customers drop from Q1.
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Roku, ZDNet, Wall Street Journal, Barron's Online, The Wrap, TechCrunch, Digiday, Protocol, Bloomberg, MarketWatch, Next TV, and The Hollywood Reporter
| Taylor Locke / Fortune: |
Variant, an early stage crypto-focused fund, has raised $450M for a third fund focused on the “user-owned web”, after previously raising $22.5M and $110M — Each “crypto winter” is different from the last, but every winter—or what non-crypto people would call a bear market … | Maggie Miller / Politico: |
The US DOJ says it is investigating a data breach of the federal courts system that is separate from the Russia-backed SolarWinds hack revealed in late 2020 — The Justice Department is investigating a data breach of the U.S. federal courts system dating to early 2020, a top official testified on Capitol Hill Thursday.
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CyberScoop, The Register, Cybernews.com, Bloomberg, ZDNet, and SiliconANGLE
Tweets: @frankfigliuzzi1 and @joshgerstein
| Bloomberg: |
An in-depth look at the issues facing Afterpay, Klarna, Affirm, and other BNPL players, such as economic uncertainty, competition, regulators, and consumer debt — For three days each week during the month of April in 2014, a seasoned product manager named Lulu Young, an engineering manager … | Nathan Grayson / Washington Post: |
As inflation rises and the economy contracts, some US Twitch streamers are losing promotional deals, forcing them to rely on meager ad earnings from the service — Khairi Harris, who goes by the handle “KDotDaGawd” on Twitch, is hanging onto his career as a full-time streamer by a thread.
Tweets: @rachaelmyrow, @kp11studios, @cypheroftyr, @kyurieff, @launcherwp, and @vahn16
| Bloomberg: |
Sony beats estimates with Q1 operating profit of $2.3B, PS5 sales of 2.4M, up from 2.3M YoY, cuts profit outlook from $8.7B to $8.3B for FY ending March 2023 — Sony Group Corp. cut its profit outlook as its PlayStation division faltered and game sales slumped.
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Reuters, Engadget, The Verge, Sony Group Corporation, and Nikkei Asia
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