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July 29, 2022, 12:10 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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AppleInsider, TheStreet, 9to5Mac, Philip Elmer‑DeWitt, Six Colors, Ars Technica, Reuters, PhoneArena, 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, MacRumors, London Evening Standard, 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, Daring Fireball, SlashGear, The Guardian, 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, and @nbashaw
| 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, @scottmonty, @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, New York Times, BigTechWire, Thurrott, Reuters, Bloomberg, GeekWire, Variety, and Financial Times
| Paul Alcorn / Tom's Hardware: |
Intel is winding down its Optane memory business, incurring a $559M inventory impairment; it's Intel's sixth non-core business sold under CEO Pat Gelsinger — 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 provides online and in-person community events, raised $50M 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, and @iamtexture
| 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 …
More:
Variant and PYMNTS.com
| 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, TechCrunch, Wall Street Journal, MarketWatch, Next TV, The Wrap, Barron's Online, 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 …
More:
DeepMind Blog, New York Times, The Register, and Financial Times
Tweets: @deepmind, @embl, @demishassabis, @officeforai, @uksciencechief, @sparkes, @bp22, @erictopol, @whereisdaz, @sparkes, @alexis_verger, @eladgil, @jamesdouma, @sundarpichai, @stearnslab, @oliviasolon, @jjaron, @schrep, @workmj, and @sonykapoor
| 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.
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CoinDesk
| 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 …
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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.
More:
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.
More:
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
| 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.Sponsor Posts
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Genesys:
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