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July 29, 2022, 12:20 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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AppleInsider, 9to5Mac, TheStreet, Philip Elmer‑DeWitt, Six Colors, Reuters, Ars Technica, MobileSyrup, Thurrott, iPhone in Canada Blog, MacRumors, SlashGear, MacDailyNews, Axios, Apple Must, CNET, The Hollywood Reporter, and Patently Apple
| 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 …
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SiliconANGLE, CNET, London Evening Standard, MacRumors, MacRumors, iMore, and 9to5Mac. Tweets: @markgurman
| 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, Big Technology, XDA Developers, BGR India, Daring Fireball, The Guardian, SlashGear, Gizmodo, CNN, Engadget, New York Times, 9to5Mac, iThinkDifferent, Pixel Envy, Digital Trends, PetaPixel, The Information, NBC News, and MobileSyrup
Tweets: @caseynewton, @pierce, @chillmage, @chillmage, @chillmage, @platformer, @lisatozzi, @caseynewton, @parismartineau, @stevekovach, @chelseacirruzzo, @ericajoy, @illumitatiana, @mrinaldesai, @pierce, @caseynewton, @lordravenscraft, @kerrymflynn, @caseynewton, @rob_sheridan, @patwhite70, @steven_aquino, @culturecrave, @brianstelter, @tomwarren, @issielapowsky, @walldo, @lucas_shaw, @esaagar, @brianmanzullo, @pantibliss, @oliverdarcy, @oduneweniyi, @gutjahr, @tnwhiskeywoman, @caseynewton, @tiffanydesigned, @nbashaw, and @aria_gerson
| 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.
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Insider. Tweets: @parismartineau, @taylorlorenz, @parismartineau, @parismartineau, @davidmackau, @brookssolveig, @parismartineau, and @gk3
| 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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PYMNTS.com, TechCrunch, SiliconANGLE, Business Wire, BigTechWire, Thurrott, New York Times, Reuters, Bloomberg, GeekWire, Variety, and Financial Times
Tweets: @conorsen, @chriskeall, @carnage4life, @patrickmoorhead, @jonathanvanian, @charliebilello, @conorsen, and @parismartineau
| 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 … | 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, VentureBeat, Reuters, SemiAnalysis, Wall Street Journal, The Register, Thurrott, Investor's Business Daily, PCMag, and Bloomberg
Tweets: @dylan522p, @dylan522p, @dylan522p, @niubi, @tculpan, @jonmasters, @jonmasters, @patrickmoorhead, and @donal888
| @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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a16z crypto, VeeFriends, Blockworks, ETH Daily, and Waivly
Tweets: @mdudas, @kevinrose, @jackmascone, @tomgara, @iamtexture, and @veefriends
| 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, PhoneArena, CNBC, Reuters, Wired, Axios, TechCrunch, and Bloomberg
Tweets: @jonmasters, @jonmasters, @jonmasters, @repjudychu, @jakesherman, @whcos, and @kellymakena
| Todd Spangler / Variety: |
Snap announces Sounds Creator Fund to provide monthly grants of up to $100K to artists who are distributing music on Snapchat via DistroKid, starting in August — Snap has announced the Snapchat Sounds Creator Fund: Its first fund designed to support emerging and independent artists who distribute their music on the app via DistroKid.| 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 …
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Variant and PYMNTS.com
| Kharishar Kahfi / The Block: |
Space and Time, a decentralized blockchain data platform, raised a $10M seed led by Framework Ventures, and says it is building a new cryptographic protocol — Framework Ventures is leading the seed funding round. — The $10 million in funds will be used to add engineers to work on the decentralized database.| 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, Bloomberg, Wall Street Journal, MarketWatch, Next TV, The Wrap, Barron's Online, TechCrunch, CNBC, Deadline, Protocol, Reuters, and The Streamable. Tweets: @xpangler
| Bloomberg: |
An in-depth look at the issues facing Afterpay, Klarna, Affirm, and other BNPL players, such as economic uncertainty, competition, regulators, and customer debt — For three days each week during the month of April in 2014, a seasoned product manager named Lulu Young, an engineering manager … | Matthew Sparkes / New Scientist: |
DeepMind says AlphaFold has predicted, in 18 months, the structure of almost every protein cataloged by science, 200M+ in total, a biology problem for decades — Artificial intelligence firm DeepMind has transformed biology by predicting the structure of nearly all proteins known to science …
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DeepMind Blog, New York Times, The Register, and Financial Times
| Sarah Perez / TechCrunch: |
YouTube rolls out a new tool that lets creators select up to 60 seconds of any video they posted and turn it into Shorts content, available on Android and iOS — YouTube wants to quickly ramp up the number of short-form “Shorts” videos available on its platform in order to better compete with TikTok.| Richard Lawler / The Verge: |
In an email to Twitter Blue subscribers, Twitter says it's raising 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 …
More:
9to5Mac. Tweets: @mattnavarra, @markgurman, @markgurman, @ow, @akindolu, @keithedwards, @davepell, and @davepell
| Bloomberg: |
As advertisers struggle with Reels, Meta tries to ease them into the format, including, sources say, by encouraging them to test their video ads on TikTok first — Reels — the short videos that Facebook and Instagram are pushing — are getting more popular, parent company Meta Platforms Inc. says.
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Ars Technica. Tweets: @zackkanter, @iwriteok, @vectorpoem, @iwriteok, @can, @pt, @can, @robleathern, @can, @can, @robleathern, @pt, @can, @can, @pt, @can, @pt, @can, @pt, @pt, @adamnash, @can, @pt, @pt, @sarahfrier, @ronmc1, @patchadams03, and @sarahfrier
| Tom Warren / The Verge: |
Sony begins testing support for a 1440p video output option on the PlayStation 5, a widely requested feature, alongside curated gamelists and new social tools — Beta testers get access today — Sony is starting to test 1440p resolution support for its PlayStation 5 console, a highly-requested addition.
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PlayStation.Blog, GameSpot, HotHardware, and TechSpot
Tweets: @bombur, @tomwarren, and @the_poolshark
| Joshua Brustein / Bloomberg: |
Hours before Sky Mavis told users it was hacked, CEO Trung Nguyen moved about $3M worth of Axie Infinity's main token AXS; Sky Mavis says it was to help users — This spring, Sky Mavis, the startup that makes the video game Axie Infinity, announced it had suffered a devastating hack.
More:
PYMNTS.com, Ethereum World News, The Block, and CoinDesk
Tweets: @silvermanjacob, @s_m_i, @joshuabrustein, @paultassi, and @somospostpc
| Sara Fischer / Axios: |
Sources: Meta begins telling its ~50 US news partners that the company will not renew its three-year deals from 2019 to pay for content in Facebook's News Tab — Meta on Tuesday began telling its news partners in the U.S. that the company no longer plans to pay publishers for their content …
More:
Wall Street Journal, The Verge, That Was The Week, Gizmodo, Newser, and Social Media Today
Tweets: @sarafischer, @sarafischer, @mathewi, @mmasnick, @ivanthek, @austen, @zigmanfreud, @drewmcweeny, @jeremylittau, @stevekovach, @rmc031, @jason, @joshelman, @jeremylittau, @rj_writes, @scottbrodbeck, @jeremylittau, @mikeelgan, @jeremylittau, @nickstatt, @jeremylittau, @mathewi, @alexyoung, @paul__walsh, @mattbrownep, @mattbrownep, @timjgraham, and @jason
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