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August 3, 2023, 9:40 PM
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| Apple: |
Apple reports Q3 revenue down 1.4% YoY to $81.8B, declining for a third quarter in a row and missing estimates of $88.8B, and net income up 2.3% YoY to $19.9B — Services revenue reaches new all-time high Installed base of active devices sets all-time record
More: CNBC, 9to5Mac, Six Colors, Financial Times, 9to5Mac, CRN, AppleInsider, Livemint, Ars Technica, Macworld, Fast Company, AppleInsider, The Verge, Daring Fireball, Bloomberg, 9to5Mac, Six Colors, Patently Apple, Neowin, Deadline, Associated Press, Constellation Research, iPhone in Canada Blog, MacStories, Wccftech, Cult of Mac, Supercharged, MacDailyNews, The Apple Post, and BGR
Mastodon: @asymco@mastodon.social, @asymco@mastodon.social, @asymco@mastodon.social, @asymco@mastodon.social, and @asymco@mastodon.social
Twitter: @munster_gene, @stockmktnewz, @divestech, @thetranscript_, @thetranscript_, @thetranscript_, @thetranscript_, @zerohedge, @zerohedge, @patrickmcgee_, @stephennellis, @thetranscript_, @munster_gene, @lexnfx, @neilcybart, @patrickmcgee_, @greengart, @neilcybart, @munster_gene, @neilcybart, @edludlow, @lexnfx, @patrickmcgee_, @patrickmcgee_, and @stephennellis
Forums: Hacker News and MacRumors Forums
| Aaron Tilley / Wall Street Journal: |
Apple Q3 revenue: iPhone down 2.4% YoY to $39.7B, Mac down 7.3% YoY to $6.8B, iPad down 19.8% to $5.8B, and Wearables, Home, and Accessories up 2.5% to $8.3B — Sales of iPhones missed analyst estimates, although executives pointed to continued strength in emerging markets
More: MacRumors and PhoneArena
Twitter: @benbajarin, @zerohedge, @zerohedge, @divestech, @neilcybart, and @vadimyuryev
| Stephen Nellis / Reuters: |
Apple Q3: revenue grew 7.9% YoY to $15.8B in China, with iPhone up “double digits” and a quarterly Services record, but fell 5.6% YoY to $35.4B in the Americas — Apple (AAPL.O) on Thursday reported sales and profit that beat Wall Street expectations despite a decline in iPhone sales … | Todd Spangler / Variety: |
More: TechCrunch, The Information, Thurrott, MacRumors, CNBC, Deadline, 9to5Mac, MobileSyrup, Axios, and The Hollywood Reporter
Twitter: @tvgrimreaper and @patrickmcgee_
| Amazon: |
Amazon reports Q2 revenue up 11% YoY to $134.4B, a $6.7B net income, vs. a $2B net loss in Q2 2022, AWS segment sales up 12% YoY to $22.1B; AMZN jumps 9%+ — Amazon.com, Inc. (NASDAQ: AMZN) today announced financial results for its second quarter ended June 30, 2023.
More: GeekWire, SiliconANGLE, The Verge, NBC 7 San Diego, Investor's Business Daily, Redfin Corporation, CNN, Financial Times, New York Times, The Verge, Android Central, CNBC, Variety, and Constellation Research
Bluesky: @tcarmody.bsky.social. Twitter: @divestech, @jaminball, @jaminball, @thetranscript_, @quinnypig, @thetranscript_, @thetranscript_, @zerohedge, @modestproposal1, @gregbensinger, @quinnypig, @thetranscript_, @jordannovet, @stephen_geiger, @jordannovet, @jennablan, @quinnypig, @thetranscript_, @thetranscript_, @techau, @quinnypig, @tanayj, @quinnypig, @levynews, and @ericjhonsa
| Annie Palmer / CNBC: |
Amazon Q2: ad revenue up 22% YoY to $10.68B, vs. $10.4B est., subscription revenue up 14% YoY to $9.89B, and North America segment sales up 11% YoY to $82.5B — - Amazon's report showed a return to double-digit revenue growth. — The company posted its biggest earnings beat since its report for the fourth-quarter of 2020.
More: Seattle Business Journal, Search Engine Land, Deadline, and NBC 7 San Diego
Twitter: @mattrosoff and @rihardjarc
| Kris Holt / Engadget: |
Google expands its privacy tools, including to alert users when their personal info appears in Search and to remove consensual explicit images from Search — The company will soon blur explicit imagery in results by default too. — Google has announced several updates to Search aimed …
More: The Keyword, The Verge, Android Police, The Guardian, XDA Developers, CNET, SlashGear, Laptop Mag, Lifewire, Neowin, Mashable, TechRadar, 9to5Google, TechCrunch, NBC News, Android Central, MobileSyrup, Search Engine Journal, BleepingComputer, and Chrome Unboxed
Mastodon: @searchliaison@mastodon.social. Twitter: @searchliaison. LinkedIn: Liam Fallen. Forums: r/technews
| Brian Fung / CNN: |
Sensor Tower: Threads' DAUs fell to 8M on July 31, down 82% from launch; the daily average time spent fell from 19 minutes per day at launch to 2.9 on August 1 — Threads, Meta's Twitter rival, is struggling to retain users roughly a month after its highly publicized launch …
More: iPhone in Canada Blog. Threads: @oliverdarcy, @apaladinsventure, @crumbler, and @passantino. Mastodon: @jeff@honeytree.social. Bluesky: @brianfung.me
Twitter: @b_fung, @1mirandaallen, @mattnavarra, @chrisharihar, and @gavinsbaker. LinkedIn: Sara Langhinrichs Gifford
| Jess Weatherbed / The Verge: |
Brave Search updates its image and video search to use Brave's own index rather than Bing's or Google's; some advanced search capabilities are still absent — Brave, best known for its privacy-focused web browser, is adding image and video search to Brave Search that now relies …
More: Brave, The Register, Decrypt, Engadget, Liliputing, Neowin, BleepingComputer, TechCrunch, Thurrott, and PCWorld
| Andrew Tarantola / Engadget: |
IBM, HuggingFace, and NASA release an open-source geospatial foundation model to support new climate and Earth science AIs that can track deforestation and more — The open-source model will serve as the basis for future forest, crop and climate change-monitoring AI.
More: IBM, The Register, Hugging Face, Earthdata, IBM Research Blog, SiliconANGLE, Silicon Republic, PetaPixel, WRAL TechWire, and MobileSyrup
Twitter: @dariogila, @sarah_benchaita, and @clementdelangue
LinkedIn: Rob Albritton, Sebastian Krause, Dave MacDonald, and Andrea Hennemann
| Devin Coldewey / TechCrunch: |
The FCC fines a multi-national robocaller, which placed 5B+ calls pretending to sell auto warranties to collect people's personal information, a record $300M — The FCC's robocaller penalties are growing as the agency tracks down and terminates their operations — this time resulting in a record $300 million forfeiture.
More: Federal Communications Commission, Engadget, and TechSpot
| Arjun Kharpal / CNBC: |
Nintendo Q1: revenue up 50% YoY to ~$3.2B and net profit up 52% YoY to ~$1.3B, driven by The Super Mario Bros. Movie, the new Zelda, and Switch sales up 13.9% — - Nintendo reported revenue for the June quarter of 461.34 billion yen ($3.2 billion), rising 50% year-on-year.
More: Nintendo, Bloomberg, Engadget, Kotaku, KitGuru, Thurrott, MobileSyrup, Android Headlines, Game Rant, Reuters, Dexerto, Financial Times, The Verge, VentureBeat, and VentureBeat
Twitter: @stealth40k, @wario64, @pierre485_, @thencsmaster, @zhugeex, @nintyprime, @stealth40k, @6d6f636869, @playeressence, @tomwarren, and @stealth40k
LinkedIn: Martin Harbech and Javon Frazier
Forums: r/gaming, r/entertainment, r/Games, r/boxoffice, and r/NintendoSwitch
| Mia Sato / The Verge: |
Patreon temporarily disables Payoneer payments after some creators were unable to access their earnings and some banks flagged subscriber payments as fraudulent — Two simultaneous issues with payments on Patreon are causing problems for both creators and fans.
More: PYMNTS.com, The Information, Engadget, CoinDesk, and VentureBeat
Twitter: @jasonkpargin, @patreonstatus, @susnebraska, @tom_nicholas, @aurahack, @hakeism, @patreonstatus, @patreonstatus, @bimbotoad, @byelacey, and @lillhappycloud. Forums: r/patreon
| Nupur Anand / Reuters: |
Block reports Q2 revenue up 26% YoY to $5.53B, Square gross profit up 18% YoY to $888M, Cash App gross profit up 37% YoY to $968M; SQ drops 5%+ — Block Inc (SQ.N) reported a rise in second-quarter revenue on Thursday as payment volumes at the fintech giant led by Jack Dorsey held up against a tough economic backdrop.
More: Bloomberg, Blockworks, The Block, Cointelegraph, Decrypt, Investor's Business Daily, and Block. Mastodon: @carnage4life@mas.to
| TechCrunch: |
India restricts importing laptops, tablets, PCs, and servers, effective immediately; analysts say the move appears aimed at boosting local tech manufacturing — India restricted import of laptops, tablets, other personal computers and servers with immediate effect on Thursday …
More: Reuters, Apple Must, The Indian Express, SiliconANGLE, Hindustan Times, iTnews, Tom's Hardware, Pricebaba.com Daily, Inc42 Media, Financial Times, MacDailyNews, iPhone in Canada Blog, Livemint, Entrackr, Moneycontrol, The Economic Times, and Bloomberg
Twitter: @mxtaverse, @stevesi, @bastos, @sushantsin, and @stevesi
LinkedIn: Ali Akhtar Jafri and Tarun Pathak
Forums: r/IndianGaming and r/economy
| Jordan Novet / CNBC: |
Atlassian reports Q4 revenue up 24% YoY to $939.1M, vs. $914.6M est., and forecasts Q1 revenue above expectations; TEAM jumps 22%+ — - Atlassian said that starting in the 2025 fiscal year, following a push to move customers to the cloud, margins will approach historical levels.| Reuters: |
Cloudflare reports Q2 revenue up 32% YoY to $308.5M, vs. $305.6M est., forecasts Q3 revenue above estimates, and raises its FY 2023 forecasts; NET jumps 5%+ — Software firm Cloudflare (NET.N) raised its annual revenue and profit forecasts after delivering better-than-expected results …
| Bloomberg: |
Coinbase reports Q2 revenue down 12% YoY to $707.9M, vs. $631.2M est., net loss down 91% YoY to $97M, and transaction revenue down 50% YoY to $327.1M — - Trading revenue was less than that from other sources — Interest income down after USDC stablecoin circulation fell
More: Blockworks, Coinbase, The Block, Decrypt, The Information, SiliconANGLE, CoinJournal, Ethereum World News, TechCrunch, Axios, and Cointelegraph
| Ryan Smith / AnandTech: |
AMD announces the Radeon Pro W7600 for $599, $50 cheaper than its predecessor, and the W7500 for $429, both based on its new Navi 33 GPU, available later in Q3 — As AMD continues to launch their full graphics product stacks based on their latest RDNA 3 architecture GPUs …
More: VideoCardz.com, PCMag, TechPowerUp, ServeTheHome, HotHardware, Windows Central, Club386, AEC Magazine, Tom's Hardware, KitGuru, VentureBeat, and Tom's Hardware. Forums: Slashdot
| Bloomberg: |
Hong Kong grants its first crypto licenses to HashKey Exchange and OSL, legalizing retail trading of tokens as city officials seek to foster a global crypto hub — - Hong Kong is seeking to develop a digital-asset center — City's pivot has received a guarded welcome from firms| Krystal Hu / Reuters: |
CoreWeave, which offers Nvidia GPUs in the cloud, raised $2.3B in debt, collateralized by Nvidia chips; CoreWeave has raised $421M in equity so far in 2023 — Specialized cloud provider CoreWeave has raised $2.3 billion in a debt facility led by Magnetar Capital and Blackstone (BX.N) …
More: Network World, SiliconANGLE, DatacenterDynamics, The Information, HPCwire, TechCrunch, and VentureBeat
| Aisha Malik / TechCrunch: |
Instagram launches a feature to protect users from unwanted DM images and videos: users may send just one text-only message to someone who doesn't follow them — Instagram is launching a new feature that is designed to better protect users from unwanted images and videos in DMs, the company announced on Thursday.
More: The Verge, Neowin, Engadget, Android Headlines, and Social Media Today. Twitter: @aladyinkuwait
| Shubham Kalia / Reuters: |
Agence France-Presse sues X in Paris for refusing to discuss potential content distribution payments under a 2019 law; Elon Musk calls the lawsuit “bizarre” — said on Wednesday it filed a lawsuit in Paris against Elon Musk's X social media platform, formerly known as Twitter … | Priyamvada C / Reuters: |
Airbnb reports Q2 revenue up 18% YoY to $2.48B, vs. $2.42B est., $650M net income, gross bookings up 13% YoY to $19.1B, and projects Q3 revenue above estimates — Airbnb (ABNB.O) forecast revenue for the current quarter above market estimates on Thursday, as the vacation rental firm is set … Sponsor Posts
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