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August 4, 2023, 8:40 AM
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Top News

Apple:
Apple reports Q3 revenue down 1.4% YoY to $81.8B, declining for a third quarter in a row but largely in line with estimates, and net income up 2.3% to $19.9B  —  Services revenue reaches new all-time high Installed base of active devices sets all-time record
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 …
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
Todd Spangler / Variety:
Apple reports Q3 revenue for its Services segment, which includes Apple TV+ and Apple Music, grew 8.2% YoY to a record $21.2B, driven by 1B+ paid subscriptions
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.
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 …
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
Bobby Allyn / NPR:
Background actors describe their worries over lack of control of their digital likenesses, which is one key issue in the SAG-AFTRA strike  —  After four weeks of working as a background actor on the Disney+ series WandaVision during the pandemic, Alexandria Rubalcaba was told by the production crew to report to a tractor trailer.
Sankalp Phartiyal / Bloomberg:
Apple, Samsung, and others freeze imports of laptops and tablets to India; sources say India's sudden import license rules caught the industry by surprise  —  - India surprised industry with new import license requirement  — Modi government seeks to promote domestic manufacturing
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 …
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 …
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.

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This is a Techmeme archive page. It shows how the site appeared at 8:40 AM ET, August 4, 2023.

The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.

From Mediagazer

Alex Weprin / The Hollywood Reporter:
As the DirecTV-Disney carriage dispute continues, DirecTV nudges customers to Fubo or Sling and offers a $30 credit, and Disney offers $30 off Hulu with Live TV

Joe Flint / Wall Street Journal:
Sources: Sinclair ousts Ken Solomon, CEO of the Tennis Channel since 2005, citing his time spent advising Dr. Phil McGraw's company as a growing distraction

Taylor Lorenz / Taylor Lorenz's Newsletter:
The Tenet Media case highlights both the lack of transparency in the creator economy and the threat this poses to media integrity

More News

Earlier Picks

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
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
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
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%
Kyle Wiggers / TechCrunch:
Kickstarter plans to require that creators disclose if their projects use AI tools or any training data if they intend to develop AI tech, starting on August 29
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